NEW DELHI: Ahead of her departure to Marrakech for the annual meeting of the World Bank and the IMF, FM Nirmala Sitharaman took stock of the progress on multilateral development bank (MDB) reforms, a key item on India’s priority list during its presidency, with heads of several global agencies list»»»

The African Development Bank Group (AfDB.org), on 16 February 2021, announces the 36-month debarment of Global Interjapan (Kenya) Limited with effect from 24 August 2020. Global Interjapan (Kenya) Limited is a civil engineering company registered in Kenya. An investigation conducted by the Bank’s O»»»

The Inter-American Development Bank and World Bank on Friday issued separate reports on callable capital, the emergency capital pledged by governments but not paid in, that could help multilateral development banks expand their lending capacity. The reports followed months of technical studies and »»»

The African Development Bank (AfDB) announced a 24-month debarment of Sangtech International Services, Sangar & Associates (Nigeria), Mashad Integrated and Investment Co. and Medniza Global Merchants. All four companies are registered in Nigeria. An investigation conducted by the Bank’s Office of I»»»

The European Bank for Reconstruction and Development, APS Delta, Balbec Capital and the IFC will jointly invest 50 million euros ($57 million) in a portfolio of unsecured sour loans originated by Greece’s Piraeus Bank, the EBRD said on Friday. Balbec Capital is a private investment firm with expert»»»