In November last year, at the height of Malawi’s crippling fuel shortage, President Lazarus Chakwera announced a bold ...

The G2G arrangement plan has really stabilised the shilling," said Kiptoo. The deal payment terms included settlements from selected oil marketers and commercial banks offering letters of credit (LC).

Pakistan has signed an agreement with the Saudi Fund for Development to defer a $1.2 billion payment on the country's oil ...

World Bank says international experience has shown that government-to-government (G-2-G) procurement arrangements for commodities such as fuel can lock the government into paying fixed prices ...

G2G agreements offer a solution that is not only practical but also deeply necessary. By negotiating directly with oil-producing nations, Malawi can ensure fair pricing, flexible payment options ...