Monday, November 20, 2017

Business / DT 2 / 2017

World Bank expansion in Sub-Saharan Africa, crossroads in private sector funding

 
The World Bank will increase development financing for Sub-Saharan Africa by USD 20 billion over the next three years. Other aid-funded investors fear “cheap” Bank capital could crowd them out.  
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IFAD days away from cancelling Bagamoyo sugar loan

 
The Tanzanian government has until the end of March to confirm the status of the Bagamoyo sugar and ethanol project to IFAD, Development Today has learned.
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SEKAB never recovered losses from Bagamoyo

 
The Swedish biofuel company SEKAB that launched the Bagamoyo sugar project a decade ago wrote off losses that were never recovered.
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New OECD rules for private sector aid blocked by dispute over export subsidies

 
For over a year donors have been entangled in deadlock discussions over how to report private sector aid as Official Development Assistance (ODA) without distorting competition and international trade. 
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