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Asian Development Bank Gives $300m Loan for Upgrading State Highways in Madhya Pradesh
The Government of India and Asian Development Bank (ADB) have signed a $300 million loan agreement, ADB’s third intervention in the state of Madhya Pradesh (MP) in the transport sector.
India And World Bank Sign Funding Agreement for Rajasthan Rural Livelihoods Project
India and the World Bank have signed IDA credit of $162.7 million for Rajasthan Rural Livelihoods Project, which will finance livelihood opportunities for some 400,000 village households in 17 districts of Rajasthan. The agreement for the Rajasthan Rural...
Germany Withholds 50% Budget Support to Malawi Over Penal Code Amendment
The Federal Government of Germany has withheld half the budget support to Malawi because of concerns to the amendment of the Penal Code that gives powers to a minister to ban a publication, local press reported on Tuesday. How People Arrived Here: flag...
Sweden Provides $5m Grant to Liberia for Financial Reform
The government of Sweden has provided a $5 million grant to Liberia to support the post-war country’s implementation of the Integrated Financial Management Information Systems (IFMS).
Nigerian Minister of Finance Explains Delay in Releasing Funds for Capital Projects
Nigeria’s Minister of Finance, Dr Olusegun Aganga, has blamed the ministries, departments and agencies (MDAs) for the poor implementation of the 2010 budget.
Aid Agencies Assemble $52m Farm Input Package for Zimbabwean Farmers
International aid agencies have pledged $52 million worth of agricultural inputs to assist Zimbabwean small-scale farmers during the 2010/11 farming season which begins this month, the United Nations said Thursday in Harare.
Mozambique Struggling with an In-balance in Trade
The Governor of the Bank of Mozambique has said the economy continues to produce less than it consumes, with imports exceeding the level of exports, thereby creating a structural problem that is reflected in the fact that public spending is greater than...
International Monetary Fund Commends Seychelles’ Economic Performance
The Seychelles economic reform program has received a major boost ahead of next week’s Paris Club Meeting. In a press release issued this week the International Monetary Fund (IMF) has commended the ongoing results of Seychelles’ economic...
