APO International

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on Thursday, 30 November 2023 approved a USD 15 million Trade Finance Transaction Guarantee facility for NMB Bank in Zimbabwe. This is AfDB’s first project with NMB, a registered commercial bank with strong SME credentials. This facility will provide 100% guarantee to international confirming banks (CBs) for the non-payment risk they take on NMB’s trade finance transactions conducted on […]

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) participated as a knowledge partner in a conference titled ‘“Exploring Central Bank Digital Currency: Pathways to Global Standards”’ held on 28-29 November 2023 in Virginia, United States. The conference was the first-of-its-kind gathering of international financial policymakers and provided a platform for the launch of new research on critical areas in the Central Bank Digital Currency (CBDC) field. The conference aimed to level-set […]

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), member of the Islamic Development Bank (IsDB) Group, announce the signing of two significant Murabaha Financing Agreements with Vakif Katilim Bank and Ziraat Katilim Bank, valued at USD 20 million each. The agreements were formalized during the visit of Eng. Hani Salem Sonbol, CEO of ITFC, to Istanbul during the COMCEC Meetings on December 4, 2023. The Murabaha Agreement between ITFC and […]

At the COP 28 event in the United Arab Emirates, a significant partnership was forged through the signing of a Non-Honoring of Sovereign Financial Obligation (NHSFO) agreement between The Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC) (https://ICIEC.IsDB.org), a multilateral credit and political risk insurer and a member of the IsDB Group and Standard Chartered, a leading international cross-border bank. This pivotal agreement represents a major step […]

USAID Administrator Samantha Power and Special Presidential Envoy for Climate (SPEC) John Kerry announced today that 21 new companies have committed to invest in climate adaptation as part of the Call to Action to the Private Sector under the President’s Emergency Plan for Adaptation and Resilience (PREPARE). Their efforts, in support of the objectives of PREPARE, will mobilize an estimated $2.3 billion in additional adaptation finance. Administrator Power also announced […]

Today at COP28, USAID Administrator Samantha Power announced that USAID is committing more than $53 million for new low-carbon and climate resilient activities in 23 cities in Asia, Africa, Latin America, and the Caribbean. These funds will provide resources to translate national climate ambitions into local action in urban areas. Cities are responsible for 75 percent of the planet’s CO2 emissions and are home to over half of the world’s […]

The Leadership of Parliament has renewed its commitment to the fight against corruption in what the Deputy Speaker, Thomas Tayebwa, referred to as ‘checking ourselves first’. Tayebwa said the institution is ready to deal with corrupt tendencies among its members, should they be found guilty as they discharge their duties. “As an institution, we have decided that even if it means exposing ourselves, we have to do it and correct […]

Turkish Cooperation and Coordination Agency (TİKA) installed a solar energy training laboratory in the vocational training center in Sfax, a city in Tunisia. The opening ceremony of the laboratory installed in the headquarters within the Tunisian Agency for Vocational Training was attended by Türkiye’s Ambassador to Tunisia, Çağlar Fahri Çakıralp; President of Tunisian Agency for Vocational Training, Mervan Bin Süleyman; Director of Sfax Vocational Training Center, Hamdi Guidara; TİKA’s Coordinator […]

The Real Oviedo player decided to stop playing on 12 September to take care of his mental health; He hopes to serve as an example to teammates and other players; The Spaniard emphasises the importance of talking about mental health, and encourages those in need to #ReachOut (https://apo-opa.co/47YIBPf). In 2021, FIFA launched the #ReachOut (https://apo-opa.co/47YIBPf) campaign with the aim of raising awareness of the symptoms of mental health. At its core, the campaign […]