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Africa: World Bank to Create Catastrophe Toolkit in Response to Calls for Financial System Reform

Africa: World Bank to Create Catastrophe Toolkit in Response to Calls for Financial System Reform
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World Bank to create catastrophe toolkit in response to calls for financial system reform

The debt profiles, especially of countries in the global south, are rising, with many are now adjudged high-risk countries, keeping investors far from them

World Bank to create catastrophe toolkit in response to calls for financial system reform

The multilateral bank will help governments build advanced emergency systems so they can be ready to respond immediately when an emergency hits.

Motorist in Nigeria Queue for Fuel As President Tinubu Cancel Subsidies

Fuel queues appeared in some parts of Lagos on Monday evening as Nigerians rushed to fill their tanks in reaction to a declaration that there will be no fuel subsidy. Nigeria’s new president, Bola Ahmed Tinubu stated in his inauguration speech on Monday, May 29th that the controversial fuel subsidy…

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