The International Finance Corporation (IFC), a key player in global development finance, is shifting its focus to boost local-currency lending and direct investments in African companies. This move aims to help projects grow big enough to catch the eye of major global investors. Makhtar Diop, the IFC's Managing Director, shared this plan at the Africa Financial Summi...

The world economy is in for a rough patch. The World Bank has warned that growth is set to slow down significantly. This is mainly due to the ongoing trade disputes sparked by the U. S. government. The situation is so tense that it might lead to the slowest economic growth since the 1960s. The World Bank's report highlights that while a full-blown recession isn't...

Next week, finance leaders from around the world will gather in Washington for the annual meetings of the International Monetary Fund (IMF) and the World Bank. One big question on their minds: Who will win the upcoming U.S. presidential election and how will that affect global economic policies? Both candidates, Republican nominee Donald Trump and Democratic nominee ...