Infrastructure

AfDB says gives Comoros $20 million for road network expansion

The African Development Bank is giving Comoros a $20.4 million grant to help it improve and expand its road networks, a move that will boost its agriculture and tourism sectors. Read More

Bank of China Ltd.’s New York branch will be the first yuan clearing bank in the U.S.

The People’s Bank of China announced the mandate in a statement on its website Wednesday. The appointment was made in conjunction with the U.S. Federal Reserve, according to the PBOC statement. “This is an important step in building the global infrastructure, as the yuan clearing