Cameroon secures US$18m from AfDB to Strengthen Public Financial Management

Cameroon secures US$18m from AfDB to Strengthen Public Financial Management

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CAMEROON – The Government of Cameroon has secured a US$18.1 million loan from the African Development Bank for the implementation of the Public Finance Management Strengthening Support Project (PARGEFIP). According to AfDB, implementation of the PARGEFIP project should help improve performance, integrity…

Increased access to finance solutions to help Vietnamese MSMEs take advantage of increasing foreign trade volume

Increased access to finance solutions to help Vietnamese MSMEs take advantage of increasing foreign trade volume

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VIETNAM— Vietnam’s foreign trade volume has increased in recent years, with free-trade agreements opening up new market opportunities for local businesses. However, lack of working capital and transaction banking services such as supply chain finance (SCF) partially hinders producers and suppliers from…

German development finance institution, DEG opens representative office in Nigeria to oversee West Africa operations

German development finance institution, DEG opens representative office in Nigeria to oversee West Africa operations

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NIGERIA – German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG) has opened a representative office in Lagos, Nigeria’s economic hub, to pool DEG’s activities in the West African countries. A statement released by KfW (which is DEG’s parent institution) noted that,…

Azerbaijan’s Lenders partner with IFC in developing digital financial services to enhance financial inclusion

Azerbaijan’s Lenders partner with IFC in developing digital financial services to enhance financial inclusion

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AZERBAIJAN— Azerbaijan Banks Association, a national body that represents the country’s lenders has partnered with the International Finance Corporation (IFC) a member of the World Bank Group in a digital financial services development project in Azerbaijan. IFC said in a statement that…