Zambia is committed to improving the transparency of its debt management and will ensure that debt levels remain sustainable, President Edgar Lungu said on Tuesday.
The World Bank has approved $1.2 billion in grants and loans to Ethiopia.
The World Bank has approved $80 million in loans to Somalia to fund public finance reforms, marking the first disbursement to the government of the conflict-ridden country in 30 years, the bank said.
A newly released World Bank report has highlighted that not one South African city made progress in the ease of doing business, but there were improvements in some areas.
Zimbabwe’s new Finance Minister said on Monday he would accelerate the country’s plan to pay arrears to the World Bank and African Development Bank and would work on a three-year programme to bring down government expenditure.