African Development Bank (AfDB) has pledged to work with partners to mobilise additional financing for the Great Green Wall Initiative (GGWI), as African leaders, development institutions and international organisations called for accelerated investment in land restoration and climate resilience at United Nations (UN) Convention to Combat Desertification (UNCCD) COP17 in Mongolia.

Special economic zones (SEZs) have become one of the world’s most popular tools for attracting investment and promoting industrialisation, but excessive reliance on tax incentives often delivers limited long-term benefits while imposing high fiscal costs, according to a new International Monetary Fund (IMF) report.