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Added on the 16/07/2014 03:04:02 - Copyright : Euronews EN
The European Commission will inaugurate this week its much anticipated Hydrogen Bank in order to support the increase of renewable hydrogen in the EU's energy mix.
Morocco proved its resilience during the devastating earthquake in September. Now, the country is looking to sustainably expand its tourism sector ahead of the 2030 FIFA World Cup.
The first IMF-World Bank meetings on African soil in 50 years began in Morocco on Monday amid calls to reform in order to better help vulnerable nations deal with poverty and climate change. Speaking to France 24, the IMF's deputy director for Africa Catherine Pattillo said a prosperous Africa is seen as vital to the development of the global economy as a whole.
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington, the International Monetary Fund and World Bank co-sign an agreement to jump-start debt restructuring following criticism from Beijing. But first, new statistics show the war in Ukraine has taken a huge toll on the country's economy.
The World Bank and International Monetary Fund's annual Spring Meetings kick off this week with concerns over high inflation, rising geopolitical tension, and financial stability.
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