Smaller African Development Banks Risk Losing Preferred Creditor Status, Warns JPMorgan

LONDON, June 17 (Reuters) – Some of Africa’s smaller multilateral development banks, including the Africa Export-Import Bank (Afrexim) and the Trade and Development Bank (TDB), face the potential loss of their Preferred Creditor Status (PCS), JPMorgan analysts have cautioned. PCS is a crucial principle that grants multilateral development banks (MDBs) priority for debt repayment when […]

Tap into pan-African banking

newsday.co.tt - 20/Jun 05:06

AMID UNCERTAIN times, the more financial support available for bolstering economic activity the better. For this reason alone, it is worth...

Policy on rescheduling debt repayment period extended

vietnamnews.vn - 24/Jun 00:45

The State Bank of Việt Nam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for...

Demand for capital to rise amid debt repayment pressure

vietnamnews.vn - 01/Jul 00:46

Corporate demand for funds is expected to increase in the second half of the year, while concerns persist regarding debt repayment pressures,...

Afreximbank signs collaboration Memorandum of Understanding (MoU) with Caribbean Export Development Agency

africa.com - 28/Jun 11:20

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a Memorandum of Understanding (MoU) with the Caribbean Export...

Afreximbank – Caribbean Export Development Agency signs MoU

caribbeannewsglobal.com - 29/Jun 02:55

The MoU is expected to result in increased trade and investment between Africa and the Caribbean, thereby encouraging mutual economic growth and...

Fitch Reaffirms Long-Term Issuer Default Rating For Afreximbank At ‘BBB’, With Stable Outlook

businesstodayng.com - 21/Jun 19:39

f Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable...

Fitch reaffirms Long-Term Issuer Default Rating for Afreximbank at ‘BBB’ with Stable Outlook

worldstagenews.com - 22/Jun 21:43

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable Outlook....

Large Banks to be Conservative About Shareholder Payouts

zacks.com - 25/Jun 12:21

The 2024 stress test results are due this Wednesday. So, banks - JPMorgan (JPM), Goldman (GS), Morgan Stanley (MS), Bank of America (BAC) and Citizens...

NDDC Partners Afreximbank to Accelerate Economic Growth in Niger Delta

naija247news.com - 20/Jun 12:46

June 20, 2024. Azonuchechi Chukwu. The Niger Delta Development Commission, NDDC, has started discussions with officials of the African Export-Import...

Arafura Rare Earths closer to securing debt for giant project

aumanufacturing.com.au - 01/Jul 15:19

Arafura Rare Earths has received conditional approval for debt financing of up to US$150 million from The Export-Import Bank of Korea (KEXIM),...

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