Geneva, Switzerland - Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing countries, the International Labour Organisation (ILO) warned on Wednesday. In its new Monitor on the World of Work report, ILO shows that while in high-income countries, only 8.2 percent of...
African Development Fund mobilises $8.9bn for Africa’s low-income countries
ADF is the concessional window of the African Development Bank Group, providing grants and soft loans to the continent’s low-income countries.
World Bank says remittances to lower income countries ease in 2022
The World Bank estimates that cash transfers to low income countries eased this year as high prices ate up migrants' incomes. The bank said in a report that remittances to lower-income countries went up around five percent to $626 billion, lower than the 10.2 percent jump in 2021.
