The Group of Creditors of Ukraine (GCU) body said on Friday that it had provided financing assurances to support the International Monetary Fund's (IMF) approval for an upper credit tranche programme to help restore Ukraine's economy.
The Philippine economy is likely to grow faster than previously thought this year, with momentum expected to pick up further next year, but downside risks caused by the coronavirus pandemic persist, the World Bank said on Tuesday.
International Monetary Fund chief Kristalina Georgieva will visit the Democratic Republic of Congo and Senegal this week, with a focus on how the global lender can best support Africa as it responds to the ongoing COVID-19 pandemic, an IMF official said.
Private and sovereign creditors should accelerate work on debt restructuring efforts for countries like Chad, Zambia and Ethiopia or risk discouraging countries that need help from participating, International Monetary Fund chief Kristalina Georgieva told the Reuters Next conference on Friday.
Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide about a transfer of funds to humanitarian aid agencies by Dec. 10, a World Bank spokesperson said on Friday.