Ethiopia Defaults on Sovereign Bond
Ethiopia failed to effect a payment on its sovereign bond. On 26 December 2023, a USD33 million payout became due,
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Finance
COP28 Ends with World Realigned on Path to Scientific and Just Transition
The curtain over the 28th Annual United Nations Climate Change Conference (#COP28) finally closed in UAE on 13 December 2023,
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Commonwealth Launches eLearning Course to Help Africa Access Climate Finance
On 11 December 2023 at #COP28 in Dubai, the Commonwealth Secretary-General Patrica Scotland officially launched the ‘Commonwealth Climate Finance Essentials‘
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Chinese HNWI Seek Eldorado in Singapore
Faced with an ‘unfriendly environment’ in China, Chinese High Net Worth Individuals (#HNWI) are taking their money out of China.
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US VP Harris Pledges $3B Package for Green Climate Fund at COP28
In her address during the #COP28 Summit in Dubai, US Vice-President Kamala Harris pledged USD 3 billion to the Green
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Modi Launches Green Credit Initiative at COP28
In his keynote address at #COP28 on 1st December 2023, Indian PM Narendra Modi put forward the Green Credit Initiative
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UN SG Gutteres’ Remarks at COP28
United Nations Secretary-General Antonio Gutteres’ Remarks at Opening of COP28 Dubai Expo City 1 December 2023 Your Highness, President Sheikh
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Half-Billion-Dollar for Loss & Damage Fund Agreed on First Day of COP28
[Dubai, 30 Nov 2023] On the opening day of the #COP28 Summit, the Parties reached a milestone agreement on seeding
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First Foreign Bank Opens in Somalia
On Sunday 29 October 2023, the Central Bank of Somalia announced the approval and opening of the Ziraat Katilim Bank
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Xi Announces Additional $110B Funding at 3rd BRF
During the 3rd Belt and Road Forum (#BRF2023), Chinese President Xi Jinping pledged another USD 100 billion in financing for
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