State utility company Eskom has been struggling to maintain its national power supply as its coal-powered plants continue to age and break down. Marie Francoise Marie-Nelly, the World Bank’s director for South Africa, revealed that the loan would be awarded to the government rather than Eskom.

“It’s a policy development loan which supports critical reforms,” Marie-Nelly explained, adding, “There’s a particular focus on transmission, because it is a stumbling block in terms of bringing new (capacity) that is going to be built mainly by the private sector.” Although no specific date was given, Marie-Nelly mentioned that the loan is “going to come very soon.”

The post South Africa in Talks With World Bank Over $1 Billion Loan appeared first on theprimarymarket.com.

Foreign Minister Antonio Tajani voiced Italy’s commitment while meeting with his Tunisian counterpart, Nabil Ammar, who previously spoke of migrants arriving at the Tunisian border from Libya who are seeking economic assistance.

According to reports from the Organization for Economic Cooperation and Development, Tunisia is experiencing its worst economic crisis in a generation, faced with inflation of 11% and growing food scarcity.

Currently, the Tunisian government is negotiating a loan from the IMF in the range of $2 billion to $4 billion as it looks to cope with its budget deficit.

The post Italy Pledges to Assist IMF in Stabilizing Tunisia appeared first on theprimarymarket.com.

State utility company Eskom has been struggling to maintain its national power supply as its coal-powered plants continue to age and break down. Marie Francoise Marie-Nelly, the World Bank’s director for South Africa, revealed that the loan would be awarded to the government rather than Eskom.

“It’s a policy development loan which supports critical reforms,” Marie-Nelly explained, adding, “There’s a particular focus on transmission, because it is a stumbling block in terms of bringing new (capacity) that is going to be built mainly by the private sector.” Although no specific date was given, Marie-Nelly mentioned that the loan is “going to come very soon.”

The post South Africa in Talks With World Bank Over $1 Billion Loan appeared first on theprimarymarket.com.

Foreign Minister Antonio Tajani voiced Italy’s commitment while meeting with his Tunisian counterpart, Nabil Ammar, who previously spoke of migrants arriving at the Tunisian border from Libya who are seeking economic assistance.

According to reports from the Organization for Economic Cooperation and Development, Tunisia is experiencing its worst economic crisis in a generation, faced with inflation of 11% and growing food scarcity.

Currently, the Tunisian government is negotiating a loan from the IMF in the range of $2 billion to $4 billion as it looks to cope with its budget deficit.

The post Italy Pledges to Assist IMF in Stabilizing Tunisia appeared first on theprimarymarket.com.