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IMF agrees funding boost, extra Africa board seat
IMF agrees funding boost, extra Africa board seat
by  AFP

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. While voting shares were not changed, the IMF agreed to expand its executive board from 24 to 25 members to give Africa another seat.

Africa hears pledges but little action at IMF-World Bank talks
Africa hears pledges but little action at IMF-World Bank talks
by  AFP

Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil since 1973. The World Bank has provided nearly $20 billion to Kyiv since the start of the war in late February 2022.

Biden unveils 'hydrogen hubs' in push for 2024
Biden unveils 'hydrogen hubs' in push for 2024
by  AFP

President Joe Biden announced new "hydrogen hubs" across the United States on Friday as part of efforts to boost the economy with green energy ahead of the 2024 election. Biden, who is neck and neck with his likely rival next year, Republican Donald Trump, has made green energy a key part of his "Bidenomics" plan to revive US industry and create jobs.

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