Business

IMF and Ivory Coast agree on a loan of 3.5 billion dollars

IMF and Ivory Coast agree on a loan of 3.5 billion dollars

The International Monetary Fund (IMF) has approved a $3.5bn (£2.8bn) loan agreement with Ivory Coast, which it says is designed to tackle financial challenges and assist economic transformation. The West African country will receive nearly $500m immediately. Further funds will be dependent on Ivory Coast making structural changes to its …

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Joe Biden warns those responsible for SVB bankruptcy

Joe Biden warns those responsible for SVB bankruptcy

Those responsible for the failure of Silicon Valley Bank (SVB) and the financial institution Signature Bank will be “accountable”, US President Joe Biden said. “I am firmly committed to holding accountable those responsible for this mess,” Joe Biden said in a statement, assuring that “American people and businesses can be …

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South African MPs end sponsorship deal with Spurs

South African MPs end sponsorship deal with Spurs

South African MPs have dropped a proposed sponsorship deal with Premier League club Tottenham Hotspur which sparked a public outcry after details leaked to the media. The country’s official tourism board had conditionally approved the proposed three-year deal worth 900m South African rand ($52.5m). But critics said the amount could …

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