International financial institutions such as the World Bank have long talked of turning billions of dollars of official aid into trillions by blending it with private finance. However, the latest figures show that progress is still slow especially in the fight against climate change.
Nobel Laureate Joseph Stiglitz’s new book People, Power and Profits lambasts the current state of economic policy under President Donald Trump, and sets out a roadmap for taming the excesses of markets and advocating that markets work for people and not the other way around.
Project finance in Lebanon is a tough prospect, prohibitive costs mean local banks are dissuaded from taking part and the long running political problems in the country have long curtailed top-level ambition for infrastructure spending. But this looks like it could be changing.
Commentators are calling the AfCFTA a game changer. But how will it work, and how can governments ensure its potential benefits come to pass?
As the African Continental Free Trade Area (AfCFTA) gets underway, the African Export-Import Bank (Afreximbank) expects the agreement will boost trade both inside and outside the continent. We profile the bank’s efforts to promote African trade and forge partnerships internationally.