Tag: World Bank

The World Bank is in talks over a potential $1 billion loan to South Africa in an effort to help the nation reform its energy sector. The country has been facing record power cuts which have crippled its economy. State utility company Eskom has been...

Debt restructuring talks held on the sidelines of the G-20 finance chiefs meeting made little headway due to being riddled with multiple disagreements between the parties in attendance, thereby posing a risk to poorer nations that continue to face a mounting debt crisis. International Monetary...