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AfDB, Citi and IFC Enter New Agreement to Support Trade Finance in Africa
London - October 4, 2012 – The African Development Bank (AfDB) Group, Citi and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide a $175 million thre-year revolving credit facility covering short-term trades for exporters and importers in Africa. This agreement builds on the success of a previous similar program launched in 2010 to help boost economic growth in the region.
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Trade, Not Aid, For Africa
The man regarded by many as the world’s leading expert on global poverty is Oxford academic Paul Collier. He dedicates his recent book, winner of the Lionel Gelber Prize, to Daniel, apparently his young son. Collier says it’s Daniel’s world that could face massive global upheaval if a solution isn’t found to relieve the ever deepening poverty of almost 50 African states whose populations taken together number a billion people. World poverty is declining, and some countries (Ch...
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BOP Activity Update: Fair Trade, Social Marketing, Microfinance
The four newest organizations in the activity database have remarkably different business models for engaging with the BOP, yet they all do so successfully. Equal Exchange has shaken up traditional distribution chains and created value by cutting out multiple intermediaries and sharing risk...
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- Education