The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns.
The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU's top official for the euro said Friday.
The African Export-Import Bank on Saturday announced a $100 million (72 million euro) loan to Zimbabwe's banking sector to ease a credit crunch that has deepened the country's economic woes."It is a well-known fact that the Zimbabwean banking sector an...
Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...
On Friday, lawmakers from both parties were in the Oval Office, watching President Obama sign into law the "Bipartisan Student Loan Certainty Act of 2013", a bill designed to keep interest rates low for student loans.
Addis Ababa -
The South Korean government has approved an $80 million loan for Ethiopia that would finance the Ethiopia-Sudan electric power transmission line construction and expansion project. The deal is expected to be signed this week.
The government of China has loaned the Zimbabwe government nearly $700 million Monday. The money would go towards the agriculture and health sector. But Chinese Vice Premier Wang Qishan is urging Zimbabwe to respect Chinese businesses.
Tottenham manager Harry Redknapp will attempt to bring former England captain David Beckham to the club for a three-month loan spell. The major league soccer season starts in the US on March 15 and Beckham himself is keen to continue playing.