Showing posts with label IFAD. Show all posts
Showing posts with label IFAD. Show all posts

Sunday, March 20, 2022

Putin's War Will Harm Many African Countries

 The Voice of America published on 19 March 2022 an article titled "Ukraine War to Compound Hunger, Poverty in Africa, Experts Say" by Mohammed Yusuf.

At least 25 African countries import a third of their wheat from Russia and Ukraine and 15 import more than half from these two countries.  Wheat prices have already risen sharply.  The UN's International Fund for Agricultural Development warns that the war will increase global hunger and poverty.

Sunday, February 25, 2018

Kenya, China and Growing Debt

The Daily Nation (Kenya) published on 13 February 2018 an article titled "Beijing Takes Up Nairobi's Foreign Debt Spend" by Constant Munda.

The servicing of loans from China accounted for 48 percent of its total foreign debt servicing during the period July-September 2017, second only to servicing paid to the World Bank's International Development Association. As of September 2017, Kenya owed foreign commercial banks $6.86 billion, an increase of 231 percent over three years earlier. Of this amount, $4.73 billion was owed to Chinese banks, up from $922 million three years ago.