Economic growth
To advance private sector investment in sectors critical to sustainable economic growth and job creation, the International Finance Corporation (IFC) is partnering with the government of The Lao PDR to improve the legal framework for Public-Private Partnerships (PPP), streamline investment entry and operational procedures, and enhance the overall business environment
Economic growth
President Bola Tinubu, represented by Vice President Kashim Shettima, opened the Infrastructure Concession Regulatory Commission (ICRC) 2025 Nigeria Public-Private Partnership (PPP) Summit at the State House Conference Centre in Abuja, showcasing the government's commitment to leveraging PPPs for addressing Nigeria's vast infrastructure needs. The summit aims
Economic growth
Foreign direct investment (FDI) to developing economies has reached a record low, with inflows dwindling to just $435 billion in 2023, the lowest level since 2005. This decline is largely due to rising trade and investment barriers, which pose a significant threat to global efforts to mobilize financing for development.
Economic growth
New research from the World Bank reveals that foreign direct investment (FDI) flows into developing economies have reached the lowest level since 2005, posing a significant threat to global efforts to mobilize financing for development. In 2023, developing economies received just $435 billion in FDI, a share of their GDP
Economic growth
Seychelles has continued to demonstrate sound macroeconomic management and commitment to structural reforms, according to the International Monetary Fund (IMF). The country has completed the fourth reviews of its economic performance under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) Arrangements, which will allow for an immediate
Economic growth
The Monetary Policy Committee of the State Bank of Pakistan has decided to maintain the policy rate at 11 percent, citing moderate inflation and improving economic growth prospects. The Committee's decision was influenced by the upward trend in inflation expectation, which is expected to stabilize in the target
Economic growth
Infrastructure development is a vital aspect of any nation's growth and development, according to former Nigerian President Chief Olusegun Obasanjo. He emphasized that good road networks, security, healthcare delivery, food security, water and sanitation, transportation, and communication are essential for human institutions to thrive. Chief Obasanjo commended Zamfara
Economic growth
President Bola Tinubu on Monday inaugurated the Greater Abuja Water Supply Network, Loops 1, 2, 5, and 6, marking a transformative effort to guarantee safe, sustainable, and sufficient water for homes, institutions, and communities across the capital city. The President emphasized that the Renewed Hope Agenda focuses on delivering tangible,
Economic growth
As the global economy continues to experience a decline in foreign direct investment (FDI) flows, a new World Bank research has highlighted a worrying trend that threatens the ability of low- and middle-income countries to finance development and spur economic growth. In 2023, developing economies received just $435 billion in
Economic growth
PublicInvest, a Malaysian investment bank, has revised its base case to include a 25 basis point cut in the Overnight Policy Rate (OPR) in the third quarter of 2025, contingent upon continued tariff suspensions and stable domestic conditions. This move follows Bank Negara Malaysia's recent decision to keep
Economic growth
Nigeria's economic growth is expected to increase with the right application and access to Artificial Intelligence (AI). AI can boost the operations of Small and Medium Scale Enterprises (SMEs) and drive the country's Gross Domestic Product (GDP). According to experts, platforms that facilitate easy access to
Economic growth
Local officials inked an executive agreement with the Colorado Springs Airport to fund and build crucial electric, natural gas, water and wastewater infrastructure that will support the municipal airport and its 1,600-acre business park. This multi-billion dollar project will support long-term development and sustainable economic growth in Colorado Springs
