IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

02 february 2025 - 08:26:03
Washington, DC, US (PANA) - South Africa’s economy has continued to face challenges in recent years, the International Monetary Fund [...] Full text...

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

02 february 2025 - 07:01:04
Washington, DC, US (PANA) - South Africa’s economy has continued to face challenges in recent years, the International Monetary Fund [...] Full text...

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'Improved resilience to weather shocks can boost Zimbabwe’s recovery'

31 january 2025 - 08:38:20
Harare, Zimbabwe (PANA) - Zimbabwe’s economic outlook is positive, with recovery from the 2019/20 COVID-19 recession and the 2024 El [...] Full text...

thread Economy

Malawi needs urgent action on macroeconomic reforms and transformative potential of mining: WB report

31 january 2025 - 08:28:24
Lilongwe, Malawi (PANA) - Malawi’s economic recovery remains fragile due to lagging implementation of macroeconomic reforms and a series of [...] Full text...

thread Economy

With IMF support Cape Verde aims to build climate resilience, grow strongly

25 january 2025 - 08:52:41
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fifth review of [...] Full text...

thread Economy

IMF Executive Board completes sixth review under ECF for Niger

23 january 2025 - 06:51:10
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the 2024 Article IV [...] Full text...

thread Economy

IMF staff concludes visit to Central African Republic

21 january 2025 - 05:59:19
Washington, DC, US (PANA) - An International Monetary Fund (IMF) team, led by Mr. Albert Touna Mama, visited Bangui from [...] Full text...

thread Economy

IMF Executive Board completes Fifth Review Under ECF arrangement for Cabo Verde

20 january 2025 - 05:57:08
Washington, DC, US (PANA) - The Executive Board of the IMF has completed the fifth review of Cabo Verde’s performance [...] Full text...

thread Economy

IMF Board completes second review of Ethiopia’s Extended Credit Facility arrangement

18 january 2025 - 08:43:19
Washington, DC, United States (PANA) : The Executive Board of the International Monetary Fund (IMF) on Friday completed the second [...] Full text...

thread Economy

Global economy stabilises, but developing economies face tougher slog EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL THURSDAY, JANUARY 16, 2025, AT 1:00 PM ET, WHICH IS 6:00 PM UTC.

16 january 2025 - 18:42:16
Washington DC, US (PANA) - Developing economies -which fuel 60 per cent of global growth - are projected to finish [...] Full text...

thread Economy

Economic recovery is losing steam, warns UN labour agency

16 january 2025 - 12:24:48
Geneva, Switzerland (PANA) - Geopolitical tensions, the rising costs of climate change and unresolved debt issues are putting labour markets [...] Full text...

thread Economy

World economic outlook for 2025 weighed down by fragmentation, debt and political uncertainty

16 january 2025 - 10:22:57
Geneva, Switzerland (PANA) – The global economy is set to face significant challenges in 2025, with 56% of chief economists [...] Full text...

thread Economy

Africa Must Decolonize Economic Structures For Sustainable Growth –UNDP Chief

15 january 2025 - 17:20:13
Ibadan, Nigeria (PANA) - The United Nations Development Programme (UNDP) Resident Representative in Zimbabwe Ayodele Odusola says for Africa to [...] Full text...

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Ambitious climate action to reap large dividends for Cape Verde

15 january 2025 - 12:44:16
Praia, Cape Verde (PANA) – Building resilience and accelerating a low-carbon transition are central to Cape Verde’s sustainable development strategy, [...] Full text...

thread Environment

Global Risks Report 2025: Conflict, environment and disinformation top threats

15 january 2025 - 12:42:29
Geneva, Switzerland (PANA) – The 20th edition of the World Economic Forum’s Global Risks Report, released on Wednesday, reveals an [...] Full text...

thread Society

Côte d’Ivoire: IMF Country Focus -Fostering economic transformation and adapting to climate change

15 january 2025 - 07:19:40
Abidjan, Côte d’Ivoire (PANA) - The Ivoirien economy has performed strongly over the past decade, with GDP growth averaging 6.4 [...] Full text...

thread Economy

New era of crisis for children, as global conflicts intensify and inequality worsens

13 january 2025 - 06:28:38
New York, US (PANA) - The world is entering a new era of crisis for children. Climate change, inequality and [...] Full text...

thread Society

Global growth to remain subdued in 2025 amid uncertainty, UN report warns

10 january 2025 - 06:57:55
New York, US (PANA) - Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from [...] Full text...

thread Economy

Mauritania gets $27 million grant from US to boost electricity sector

09 january 2025 - 10:15:12
Washington, DC, US (PANA) - The United States and Mauritania have signed a landmark $27 million Millennium Challenge Corporation (MCC) Threshold Programme agreement [...] Full text...

thread Economy

World Bank unveils 2025 Global Bond funding programme

04 january 2025 - 08:21:07
Washington, DC, United States (PANA) - The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) has priced [...] Full text...

thread Economy

2024 - year of remarkable achievements, resilience, and progress for Tanzania

01 january 2025 - 12:18:42
Dar es Salaam, Tanzania (PANA) – The just closed year 2024 saw Tanzania’s economic stability and investment potential widely recognised, [...] Full text...

thread Economy

IMF staff, Egyptian authorities reach staff-level deal on EFF review

25 december 2024 - 12:31:37
Cairo, Egypt (PANA) - The Egyptian authorities and staff of the International Monetary Fund (IMF) have reached staff-level agreement on [...] Full text...

thread Economy

IMF Executive Board completes second review under Extended Credit Facility Arrangement for Burkina Faso

21 december 2024 - 10:30:28
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the Second Review under [...] Full text...

thread Economy

IMF Executive Board completes first review under Extended Credit Facility arrangement for Togo

21 december 2024 - 09:59:30
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the first review of [...] Full text...

thread Economy

The Gambia: IMF Executive Board completes second review under the Extended Credit Facility

21 december 2024 - 09:44:25
Washington, DC, US (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review [...] Full text...

thread Economy

Security and economic woes plague West Africa, as key elections loom

21 december 2024 - 07:39:24
New York, US (PANA) - West Africa and the Sahel continue to grapple with a confluence of political, security and [...] Full text...

thread Society

IMF identifies Benin’s key challenge in economic transformation efforts

18 december 2024 - 11:04:42
Cotonou, Benin (PANA) - A key challenge ahead for Benin is to further strengthen inclusive policies for an economic transformation [...] Full text...

thread Economy

IMF Board completes fourth review of Zambia’s ECF arrangement

17 december 2024 - 08:14:08
Lusaka, Zambia (PANA) – Zambia has secured immediate access to US$ 184 million after the International Monetary Fund (IMF) Executive [...] Full text...

thread Economy

South Africa's former finance minister to head G20 Africa Expert Panel

17 december 2024 - 06:24:34
Cape Town, South Africa (PANA) – South Africa’s former Finance Minister Trevor Manuel has been appointed to head the G20 [...] Full text...

thread Politics

AfDB to make $30 million equity investment in Africa Finance Corporation to catalyse climate action

15 december 2024 - 04:55:52
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank’s Board of Directors has approved a $30 million equity investment in [...] Full text...

thread Economy

IMF concludes fourth review of Tanzania’s ECF arrangement, allows disbursement of $204.5 million

14 december 2024 - 09:59:34
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has approved immediate disbursement of $204,5 million in two [...] Full text...

thread Economy

International Rescue Committee: ten percent of people in dire food assistance, globally, reside in Sudan

13 december 2024 - 14:24:29
Port Sudan, Sudan (PANA) - An international organization has released a shocking report, saying one in each ten people in [...] Full text...

thread Society

IMF staff concludes visit to Djibouti

13 december 2024 - 13:06:11
Djibouti City, Djibouti (PANA) - Djibouti’s maritime-dependent economy has demonstrated resilience to regional conflicts with growth in FY24 projected at [...] Full text...

thread Economy

For poorest economies, next 25 years could prove decisive: World Bank

13 december 2024 - 07:26:40
Washington, DC, USA (PANA) - The next 25 years could prove decisive in determining whether the world’s 26 poorest countries [...] Full text...

thread Economy

Guterres calls for justice for Africa

13 december 2024 - 06:00:41
Maseru, Lesotho (PANA) - The UN Secretary-General called for Africa to have a stronger role in global affairs in an [...] Full text...

thread Politics

Without course correction, 20 of 26 countries would remain poor through 2050 – World Bank study

12 december 2024 - 07:10:54
EMBARGOED: UNTIL THURSDAY, 12 DECEMBER, 2024, AT 2:00 PM UTC.Washington, DC, USA (PANA) - The next 25 years could prove [...] Full text...

thread Economy

Chad’s economic recovery picks steam - IMF

10 december 2024 - 08:02:32
N’Djamena, Chad (PANA) - Chad’s post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent, the Executive [...] Full text...

thread Economy

Reforms needed to stem slow-down in Kenya’s economic growth

10 december 2024 - 07:52:44
Nairobi, Kenya (PANA) - Kenya’s GDP is projected to grow at 4.7% in 2024, slower when compared to 5.6% in [...] Full text...

thread Economy

Côte d’Ivoire’s debt-for-development swap to free up funds for education

06 december 2024 - 08:47:28
Abidjan, Côte d’Ivoire (PANA) - With support from the World Bank Group, Côte d’Ivoire will complete a debt-for-development swap, a [...] Full text...

thread Society

Housing’s unique role in lives and economies demands greater understanding: IMF Blog By Gita Bhatt

05 december 2024 - 08:43:42
Washington, DC, USA (PANA) - Wherever I go these days, the conversation inevitably focuses on the rising cost of housing. [...] Full text...

thread Economy

Global financial reform addresses challenges facing developing nations: UN deputy chief

04 december 2024 - 05:12:48
 New York, US (PANA) - Decisive action is needed to address the financial challenges facing developing nations, UN Deputy Secretary-General [...] Full text...

thread Economy

Ghana votes in 9th elections as it consolidates multi-party democracy

03 december 2024 - 13:39:05
Accra, Ghana (PANA) - Ghanaian voters go to the polls on Saturday, 7 December to elect a president and 276 [...] Full text...

thread Politics

Persistent fall in private borrowing brings global debt down: IMF Blog By Vitor Gaspar, Carlos Gonçalves, Marcos Poplawski-Ribeiro

03 december 2024 - 11:17:39
Washington, DC, United States (PANA) – Global debt decreased about one percentage point to 237 percent GDP in 2023. Empirical [...] Full text...

thread Economy

Developing countries paid record $1.4 trillion on foreign debt in 2023

03 december 2024 - 07:43:36
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL 3 DECEMBER, 2024, AT 2:30 PM UTCWashington, DC, United States (PANA) - [...] Full text...

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IMF Executive Board completes third review under the ECF arrangement with Ghana

03 december 2024 - 05:07:20
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the third review [...] Full text...

thread Economy

COP29: Draft deal proposes wealthy nations give $250 billion in climate finance

23 november 2024 - 05:07:03
Baku, Azerbaijan (PANA) - A new draft finance deal delivered to harried negotiators in Baku on Friday – the final [...] Full text...

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IMF mission concludes visit to Egypt on review of Extended Fund Facility

21 november 2024 - 08:47:30
Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...

thread Economy

Debt burden stifles development spending in Africa's poorer countries

19 november 2024 - 15:44:43
Addis Ababa, Ethiopia (PANA) - Africa’s rising debt burden is eroding funding for sustainable development in poor countries, impacting heavily [...] Full text...

thread Economy

Norway announces early pledge to IDA21 during G20 Summit in Rio de Janeiro

19 november 2024 - 07:09:14
Rio de Janeiro, Brazil (PANA) - In a significant move to bolster global development efforts, Norway has announced its early [...] Full text...

thread Economy

IMF, Comoros reach staff-level agreement on third review of ECF arrangement

16 november 2024 - 10:25:28
Moroni, Comoros (PANA) - Comorian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on economic policies [...] Full text...

thread Economy

COP29: World Bank expands lifeline to small States hit by disasters

13 november 2024 - 08:16:53
Baku, Azerbaijan (PANA) - The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing [...] Full text...

thread Environment

IMF, Zambia strike deal on 4th review of Extended Credit Facility

12 november 2024 - 11:49:13
Lusaka, Zambia (PANA) - The lingering effects of drought have hit Zambia's economic landscape harder than anticipated, with reduced agricultural [...] Full text...

thread Economy

IMF staff, Niger authorities concur on sixth review of economic programme under ECF

12 november 2024 - 11:05:01
Niamey, Niger (PANA) - Niger’s economic outlook is favourable over the near term, with growth projected at 8.8 percent this [...] Full text...

thread Economy

Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans

09 november 2024 - 09:56:14
Washington DC, United States (PANA) – Countries are entering a critical phase in achieving the health Sustainable Development Goals (SDGs), [...] Full text...

thread Health

IMF issues preliminary statement on assessment of Congo’s financial stability

08 november 2024 - 08:16:18
Washington, DC, United States (PANA) - International Monetary Fund (IMF) staff is engaging with the Republic of Congo authorities to [...] Full text...

thread Economy

IMF, Guinea Bissau reach staff-level deal on review of ECF arrangement

08 november 2024 - 07:47:03
Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) and Guinea Bissau have reached staff-level agreement on economic policies [...] Full text...

thread Economy

Deadly weather events show cost of climate inaction

08 november 2024 - 06:04:47
Baku, Azerbailan (PANA) - Record-breaking floods in Spain, violent storms in Florida and wildfires in South America – these are [...] Full text...

thread Environment

Gambia, IMF reach staff-level agreement on second review of ECF arrangement

05 november 2024 - 07:26:28
Banjul, Gambia (PANA) – International Monetary Fund (IMF} staff and the Gambian authorities have reached a staff-level agreement on economic [...] Full text...

thread Economy

COP 29: Richer countries must commit to pay at COP29 as climate change forcibly displaces millions across Africa

04 november 2024 - 11:31:56
Dakar, Senegal (PANA) - With millions of people already displaced by climate change disasters in Africa, the richer countries most [...] Full text...

thread Environment

IMF Executive Board approves US$248.5 million for Sierra Leone

01 november 2024 - 07:33:51
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday concluded the 2024 Article [...] Full text...

thread Economy

IMF staff conclude Article IV discussions with Somalia

01 november 2024 - 07:12:01
Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...

thread Economy

More than 250 million children still out of school worldwide, UNESCO reports

01 november 2024 - 06:35:25
Paris, France (PANA) - Despite decades of educational progress and international commitments, a quarter of a billion children and youth [...] Full text...

thread Society

IMF concludes reviews with Kenya

31 october 2024 - 08:19:16
Washington, DC,US (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded today the seventh and the eighth [...] Full text...

thread Economy

Development Committee praises WBG resolve to contain Mpox pandemic in Africa

26 october 2024 - 16:54:11
Washington, DC, United States (PANA) – The World Bank Group’s Development Committee has welcomed the steps taken by the institution [...] Full text...

thread Health

US Administration decides continuation of sanctions against Sudan

26 october 2024 - 16:52:58
Port Sudan, Sudan (PANA) - United States President Joe Biden has announced Continuation of the National Emergency with respect to [...] Full text...

thread Politics

Togo advances reforms, pursues sound economic policies: IMF

25 october 2024 - 12:30:38
Lomé, Togo (PANA) – An International Monetary Fund (IMF) staff mission has commended Togolese authorities on the sustained progress in [...] Full text...

thread Economy

IMF Managing Director outlines global policy agenda

25 october 2024 - 11:09:16
Washington, DC, United States (PANA) - The global economy is in danger of getting stuck on a low-growth, high-debt path, [...] Full text...

thread Economy

Spain announces early commitment of €400 million to IDA, nearly 40% increase in pledge

24 october 2024 - 17:55:28
Washington, DC, United States (PANA) - Spain has announced an early financial commitment of €400 million to the International Development [...] Full text...

thread Economy

World Bank Group announces strategic pivot in agribusiness, doubles financial commitment

24 october 2024 - 06:57:43
Washington, DC, United States (PANA) - The World Bank Group on Wednesday announced a strategic pivot in its approach to [...] Full text...

thread Economy

Global financial fragilities mount despite rate cuts and buoyant markets: IMF Blog By Tobias Adrian, Sheheryar Malik, and Jason Wu

23 october 2024 - 10:10:27
Washington, DC, United States (PANA) - When it comes to financial stability, the world is facing a split screen of [...] Full text...

thread Economy

Rwanda’s economic growth among strongest in Sub-Saharan Africa: IMF

23 october 2024 - 08:51:42
Kigali, Rwanda (PANA) – International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies needed [...] Full text...

thread Economy

US, Zambia sign agreement to catalyse growth in agricultural sector

21 october 2024 - 06:01:30
Washington, DC, US (PANA) - The United States has welcomed the signing of $491 million project with the Government of [...] Full text...

thread Agriculture

How high economic uncertainty may threaten global financial stability: IMF Blog By Mario Catalán, Andrea Deghi and Mahvash S. Qureshi

20 october 2024 - 14:53:14
Washington, DC, United States (PANA) - Uncertainty is not as easily measured as traditional indicators like growth or inflation, but [...] Full text...

thread Economy

IMF completes first review of Ethiopia’s ECF arrangement, allows $340.7 million disbursement

19 october 2024 - 08:43:02
Addis Ababa, Ethiopia (PANA) – The International Monetary Fund (IMF) Board on Friday completed the first review under the Extended [...] Full text...

thread Economy

Senior official underscores UN support for Somalia

19 october 2024 - 05:54:38
Mogadishu, Somalia (PANA) - The UN political affairs chief concluded a two-day visit to Somalia on Friday where she reaffirmed [...] Full text...

thread Politics

A Pact for the world’s poorest

18 october 2024 - 18:43:08
By Deodat MaharajManaging Director, United Nations Technology Bank for Least Developed Countries  New York, US (PANA) - Last month, world leaders [...] Full text...

thread Economy

IMF team assesses Senegal’s finance inspectorate reports

17 october 2024 - 12:26:35
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has started assessing in Senegal the implications of the [...] Full text...

thread Economy

Zambia’s drought impact stuns IMF staff team

17 october 2024 - 12:08:39
Lusaka, Zambia (PANA) – Drought has caused a greater than anticipated economic impact in Zambia due to the intense electricity [...] Full text...

thread Economy

Staying the course on reforms: Nigeria progresses amidst challenges

17 october 2024 - 10:11:01
Abuja, Nigeria (PANA) - Since May 2023, Nigeria has implemented significant reforms to stabilise its economy, resulting in modest growth, [...] Full text...

thread Economy

Global public debt Is probably worse than it looks: IMF Blog By Era Dabla-Norris, Davide Furceri, Raphael Lam, and Jeta Menkulasi

16 october 2024 - 11:04:22
Washington, DC, United States (PANA) - Global public debt is very high. It is expected to exceed $100 trillion, or [...] Full text...

thread Economy

Ending poverty for half the world could take more than a century: WB Report

15 october 2024 - 13:06:58
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, OCT. 15, 2024 AT 9:30 AM EDT WHICH IS 1:30 PM [...] Full text...

thread Society

The Chief Economists of Government Network supporting the role of Africa’s chief economic advisors: World Bank Blog By Trudi Makhaya

15 october 2024 - 06:58:53
Lusaka, Zambia (PANA) - Today’s political chief executive is expected to play a significant role in driving economic policy. Heads [...] Full text...

thread Society

‘Africa must continue to rise,’ says General Assembly President

15 october 2024 - 04:49:41
New York, US (PANA) - To meet the 2030 Agenda for Sustainable Development, the UN General Assembly President on Monday [...] Full text...

thread Politics

World Bank economic update proposes policy options to promote Gabon’s forest conservation

14 october 2024 - 15:03:26
Libreville, Gabon (PANA) - Gabon experienced lower growth in 2023 (2.4%) amid transport disruptions that impacted wood and manganese production, [...] Full text...

thread Economy

Urgent education reform key to unlocking faster, more inclusive growth in Africa: WB report

14 october 2024 - 14:42:34
Washington, DC, United States (PANA) - Despite signs of a fragile economic recovery, Sub-Saharan Africa, remains stuck in “low gear” [...] Full text...

thread Society

Poorest economies face toughest conditions in two decades

14 october 2024 - 07:49:01
Washington, DC, United States (PANA) - The world’s 26 poorest economies—home to about 40 percent of all people who live [...] Full text...

thread Economy

When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier

12 october 2024 - 14:23:40
Washington DC, United States (PANA) – With major central banks now cutting policy rates, the global interest rate cycle is [...] Full text...

thread Economy

IMF staff, Gambia review country’s programme under ECF arrangement

12 october 2024 - 12:02:05
Banjul, Gambia (PANA) – The International Monetary Fund (IMF) staff and the Gambian authorities have conducted productive discussions on economic [...] Full text...

thread Economy

IMF expects Côte d’Ivoire to boost recovery of regional official reserves

11 october 2024 - 11:38:27
Abidjan, Cote d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Cote d’Ivoire authorities have reached a staff-level agreement [...] Full text...

thread Economy

We must place our hope in multilateralism: IMF article By Gordon Brown, former Prime Minister of the United Kingdom

11 october 2024 - 11:13:20
London, United Kingdom (PANA) – Only by working together can countries fend off fragmentation and deepening crises “Those who look only [...] Full text...

thread Economy

Sierra Leone needs fiscal consolidation measures to ensure sustainable economic environment: WB report

11 october 2024 - 06:22:46
Freetown, Sierra Leone (PANA) - Sierra Leone's economy grew by 5.7% in 2023, exceeding expectations, driven by strong performance in [...] Full text...

thread Economy

In plain view: Solutions to turbocharge the agrifood system transition: World Bank Blog By Sergiy Zorya, Joshua Gill, Alexandra Horst and Francis Addeah Darko

07 october 2024 - 07:17:30
Dar es Salaam, Tanzania (PANA) - Momentum is growing for real food systems change at a scale never seen before. [...] Full text...

thread Agriculture

IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility

04 october 2024 - 13:00:46
Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...

thread Economy

Implementation gaps hinder business climate in 50 economies: WBG report

03 october 2024 - 15:32:24
Washington, DC, United States (PANA) - Economies do better at enacting regulations to improve the national business climate than they [...] Full text...

thread Economy

South Sudan faces macroeconomic challenges resulting from endless war in neighbouring Sudan: IMF team

02 october 2024 - 18:12:48
Juba, South Sudan (PANA) – South Sudan continues to face several difficult macroeconomic challenges, partly resulting from the spillovers of [...] Full text...

thread Economy

Subdued outlook constrains Eswatini’s ability to respond to social needs: IMF

01 october 2024 - 07:53:37
Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...

thread Economy

Djibouti's economy shows strong growth in 2023 despite fiscal challenges

30 september 2024 - 10:19:49
Djibouti, Djibouti (PANA) - Djibouti’s economy achieved an impressive rebound in 2023, outperforming forecasts with GDP growth estimated at 6.7 [...] Full text...

thread Economy

Sierra Leone to transform energy sector under $480 million US Compact

29 september 2024 - 04:43:01
Washington, DC, US (PANA) - The United States and  Sierra Leone have signed a landmark $480 million Millennium Challenge Corporation [...] Full text...

thread Economy

IMF approves 40-month US$210 million ECF for Liberia

26 september 2024 - 10:06:01
Monrovia, Liberia (PANA) - The Board of the International Monetary Fund (IMF) has approved US$210 million as an Extended Credit [...] Full text...

thread Economy

Stop global warming to turn the tide on sea level rise: UN Assembly President

26 september 2024 - 05:54:04
New York, US (PANA) - With global sea level rising faster than at any time over the last 3,000 years, [...] Full text...

thread Environment

World Economic Forum: Chief economists point to stabilising outlook but warn on debt and political polarisation

25 september 2024 - 12:01:52
Geneva, Switzerland (PANA) - Easing inflation and strong global commerce are fuelling cautious optimism for recovery but elevated debt levels [...] Full text...

thread Economy

Somalia navigates progress amidst persistent challenges

25 september 2024 - 07:58:45
Mogadishu, Somalia (PANA) - Somalia has made significant macroeconomic strides in recent years, but these gains have yet to translate [...] Full text...

thread Society

Guterres urges world leaders to 'stay committed' to UN development goals

25 september 2024 - 05:53:12
New York, US (PANA) - UN Secretary-General António Guterres called on Tuesday for finance, climate action and peace to achieve [...] Full text...

thread Politics

‘If we act together,’ we can overcome global challenges – UN Assembly President

25 september 2024 - 05:40:05
New York, US (PANA) - The President of the UN General Assembly, Philémon Yang, said on Tuesday that the annual [...] Full text...

thread Politics

World Bank report emphasises urgent need for Zambia to boost revenue mobilisation

24 september 2024 - 07:55:34
Lusaka, Zambia (PANA) - A new Public Finance Review (PFR) report has stressed the urgent need for Zambia to boost [...] Full text...

thread Economy

New, bold ideas thrive towards the UN Summit of the Future

22 september 2024 - 07:29:32
New York, US (PANA) - Hundreds of youth, celebrities and world leaders converged at UN Headquarters in New York on [...] Full text...

thread Politics

Sierra Leone, IMF reach staff-level deal on new ECF arrangement

21 september 2024 - 09:27:33
Freetown, Sierra Leone (PANA) - The International Monetary Fund (IMF) staff and the Sierra Leonean authorities have reached a staff-level [...] Full text...

thread Economy

UN deputy chief urges leaders to increase innovation amid global crises

20 september 2024 - 06:17:56
New York, US (PANA) - As world leaders gather at the UN for the Summit of the Future and the [...] Full text...

thread Politics

UNAIDS: Rising debt in sub-Saharan Africa costing lives

20 september 2024 - 06:05:03
New York, US (PANA) - A report by UNAIDS has detailed how debt crisis is jeopardising progress aimed at ending [...] Full text...

thread Health

‘Create a future fit for our grandchildren’, Guterres urges, ahead of game changer Summit

19 september 2024 - 06:09:41
New York, US (PANA) - Countries must use a once-in-a-generation UN summit to address current and emerging global challenges and [...] Full text...

thread Politics

Political parties of all stripes are pushing for higher government spending: IMF Blog By Era Dabla-Norris, Enrico Di Gregorio, and Yongquan Cao

17 september 2024 - 10:49:24
Washington, DC, United States (PANA) - Conservative politics has traditionally been defined by its emphasis on fiscal prudence and the [...] Full text...

thread Politics

How to Awaken Europe's Private Sector and Boost Economic Growth: IMF Blog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer

12 september 2024 - 10:09:07
Washington, DC, United States (PANA) - In the European Union, income per person, one of the main gauges of living [...] Full text...

thread Economy

IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient

11 september 2024 - 10:34:26
Gaborone, Botswana (PANA) – Due to a diamond market contraction,   Botswana’s economic growth is expected to slow to 1 percent [...] Full text...

thread Economy

IMF praises Uganda’s economic recovery efforts with low inflation

10 september 2024 - 08:18:23
Kampala, Uganda (PANA) - Uganda has navigated the post pandemic recovery well due to sound macroeconomic policies and its economic [...] Full text...

thread Economy

UN chief Guterres underlines support for China-Africa partnership

05 september 2024 - 13:03:22
Beijing, China (PANA) - Joint efforts by China and Africa can spark new momentum for development on the continent, UN [...] Full text...

thread Economy

Product market reforms, improved business environment essential vital for South Africa’s trade: IMF

05 september 2024 - 12:36:43
Pretoria, South Africa (PANA) - While South Africa needs product-market reforms and improving business environment by removing obstacles to trade, [...] Full text...

thread Economy

Despite declining growth South Africa can repay IMF, Board concludes

05 september 2024 - 11:21:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment [...] Full text...

thread Economy

Public debt bubble balloons to historic $97 trillion

05 september 2024 - 05:35:15
Geneva, Switzerland (PANA) - Global public debt has nearly doubled since 2010, reaching a historic $97 trillion in 2023, according to [...] Full text...

thread Economy

Strengthening fiscal resilience in small states: World Bank Blog By Sam Hill and Jeetendra Khadan

04 september 2024 - 12:05:32
Washington DC, United states (PANA) - Small states, those with a population of 1.5 million or less, face significant fiscal [...] Full text...

thread Economy

Financial sector at crossroads in emerging markets: Climate risks and financing gaps demand action

30 august 2024 - 06:55:38
Washington, DC, United States (PANA) -  In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for [...] Full text...

thread Economy

IMF approves US$7.3 million disbursement to Guinea Bissau

29 august 2024 - 12:31:51
Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) has allowed an immediate disbursement of US$7.3 million to help [...] Full text...

thread Economy

Bridging the financing gap: Achieving Education for All in Zambia: World Bank Blog By Samer Al-Samarrai, Girma Woldetsadik and Joseph Simumba

22 august 2024 - 07:46:56
Lusaka, Zambia (PANA) - The government of Zambia has laid out an ambitious plan to universalize primary and secondary education. [...] Full text...

thread Society

Links between weak governance and unsustainable debt in IMF loan programmes require action

14 august 2024 - 14:52:00
Washington, DC, United States (PANA) – A new white paper from Transparency International U.S. (“TI US”) examines links between weak [...] Full text...

thread Society

Bold fiscal reforms can unlock Cameroon’s full potential

06 august 2024 - 16:47:46
Yaoundé, Cameroon (PANA) -   The World Bank on Tuesday launched two flagship economic reports: the 2024 Cameroon Economic Update and [...] Full text...

thread Economy

Now is the time to help countries faced with liquidity challenges: IMF Blog By Ceyla Pazarbasioglu and Pablo Saavedra

01 august 2024 - 17:00:50
Washington, United States (PANA) - Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring [...] Full text...

thread Economy

Somalia taps World Bank support to promote economic resilience

31 july 2024 - 07:50:28
Mogadishu, Somalia (PANA) - The World Bank’s Board of Executive Directors has approved Development Policy Financing (DPF) that introduces for [...] Full text...

thread Economy

IMF Executive Board approves four-year US$3.4 billion Extended Credit Facility arrangement for Ethiopia

30 july 2024 - 11:47:18
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under [...] Full text...

thread Economy

IMF Board allows Egypt to draw US$820 million under Extended Fund Facility

30 july 2024 - 07:46:40
Cairo, Egypt (PANA) - The International Monetary Fund (IMF) on Monday completed the third review of the extended arrangement under [...] Full text...

thread Economy

UN development Summit looks into global financial reforms

26 july 2024 - 18:03:28
Addis Ababa, Ethiopi  (PANA)  - Dozens of finance and foreign ministers met here to discuss radical action to reform the [...] Full text...

thread Economy

Eswatini’s growth stuck in 4.5 to 5.0 percent range in 2024: IMF

25 july 2024 - 11:09:11
Mbabane; Eswatini (PANA) – Eswatini’s economic growth is poised to remain in the 4.5 to 5.0 percent range in 2024 [...] Full text...

thread Economy

IMF management approves Staff Monitored Programme for Equatorial Guinea

25 july 2024 - 11:07:04
Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...

thread Economy

Malawi Economic Monitor calls for urgent, sustained reforms for faster, more inclusive growth

25 july 2024 - 07:40:09
Lilongwe, Malawi (PANA) - Malawi’s current economic difficulties require a combination of immediate response measures and urgent reforms to address [...] Full text...

thread Economy

A low-growth world is an unequal, unstable world (By Kristalina Georgieva, IMF Managing Director)

24 july 2024 - 09:20:08
Washington, DC, United States (PANA) - The global economy is stuck in low gear, which could deal a major blow [...] Full text...

thread Economy

UN leaders urge ‘maximum political will’ to rescue SDGs

23 july 2024 - 06:46:44
Addis Ababa, Ethiopia (PANA) - Top UN officials on Monday called for urgent reforms to the international financial system to [...] Full text...

thread Politics

IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund

17 july 2024 - 19:16:07
Washington, DC, United States (PANA) - International Monetary Fund (IMF) Managing Director, Kristalina Georgieva announced on Wednesday that Deputy Managing [...] Full text...

thread Society

Getting back on track to meet the first Sustainable Development Goal: World Bank Blog By Luis Felipe López-Calva

16 july 2024 - 17:58:21
Washington DC, United States (PANA) - Almost 10 years ago, countries worldwide adopted the Sustainable Development Goals (SDGs), 17 targets [...] Full text...

thread Society

Global growth steady amid slowing disinflation and rising policy uncertainty: IMF Blog By Pierre-Olivier Gourinchas

16 july 2024 - 17:45:18
Washington DC, United States (PANA) - Our global growth projections are unchanged at 3.2 per cent this year and slightly [...] Full text...

thread Economy

New report highlights best practices to support African businesses

16 july 2024 - 07:50:01
Accra, Ghana (PANA) - The annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan Africa [...] Full text...

thread Economy

UN deputy chief calls for major arms spending cuts and urgent action to save SDGs

16 july 2024 - 06:07:03
New York, US (PANA) - The UN Deputy Secretary-General on Monday urged global leaders to redirect resources from warfare to [...] Full text...

thread Society

Diamond market contraction slows down Botswana’s growth

13 july 2024 - 11:17:19
Gaborone, Botswana (PANA) - Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a [...] Full text...

thread Economy

UN Trade and Development calls for sustainable and equitable strategies to mitigate digital economy’s growing environmental impact

12 july 2024 - 19:07:48
Geneva, Switzerland (PANA) - A global shift towards circularity focusing on responsible production and consumption is crucial to making the [...] Full text...

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IMF Executive Board concludes 2024 Article IV consultation with Libya

12 july 2024 - 12:03:00
Tripoli, Libya (PANA) - Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have [...] Full text...

thread Economy

UN chief calls for ‘dramatic shift’ to transform education worldwide

11 july 2024 - 18:01:28
New York, US (PANA) - The global crisis in education needs a “dramatic shift” to shape a more peaceful, sustainable [...] Full text...

thread Society

World Bank opens fiscal year 2025 funding programme with GBP 750 million 7-year benchmark

11 july 2024 - 07:02:02
Washington, D.C., United States (PANA) - The World Bank has priced a 7-year British pound sterling (GBP) benchmark bond due [...] Full text...

thread Economy

Digital boom could well be a bust for the environment, warns UN trade agency

11 july 2024 - 06:27:18
New York, US (PANA) - Did you know that producing a computer weighing two kilogrammes (kg) requires a staggering 800kg [...] Full text...

thread Society

IMF completes Gambia’s first review under Extended Credit Facility

10 july 2024 - 07:53:35
Banjul, Gambia (PANA) - Gambia’s economic activity continues to recover robustly and its growth was estimated at 5.3 percent in [...] Full text...

thread Economy

IMF completes fourth review of Mozambique’s ECF, releases US$60.03 million budget support

09 july 2024 - 08:05:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has announced completion of the [...] Full text...

thread Economy

Guinea-Bissau implements IMF’s general data dissemination system

09 july 2024 - 07:17:47
Washington, DC, United States (PANA) - With the successful launch of a new data portal—the National Summary Data Page — [...] Full text...

thread Economy

IMF Executive Board holds Post-Financing Assessment Consultation with Angola

04 july 2024 - 10:10:00
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Post Financing Consultation [...] Full text...

thread Economy

Green Zambia: Financing a liveable future: World Bank Blog By Qursum Qasim

03 july 2024 - 12:12:54
Lusaka, Zambia (PANA) - Green is the new buzzword, but what does greening industry and the financial sector mean in [...] Full text...

thread Economy

AfDB, JICA align priorities ahead of TICAD9 summit

01 july 2024 - 07:43:52
Tokyo, Japan (PANA) - The African Development Bank (AfDB) Group and the Japan International Cooperation Agency (JICA) have underscored the [...] Full text...

thread Economy

World getting a ‘failing grade’ on Global Goals report card

29 june 2024 - 05:54:52
New York, US (PANA) - With just six years remaining to reach the Sustainable Development Goals (SDGs), global progress is [...] Full text...

thread Politics

IMF Executive Board completes second review under Extended Credit Facility Arrangement with Ghana

29 june 2024 - 05:32:55
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review [...] Full text...

thread Economy

IMF staff completes 2024 Article IV mission to Zimbabwe

28 june 2024 - 11:03:39
Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...

thread Economy

Sovereign debt restructuring process improving amid cooperation and reform: IMF Blog By Ceyla Pazarbasioglu

27 june 2024 - 10:23:36
Washington, DC, United States (PANA) - The global economy avoided what could have been a systemic debt crisis during the [...] Full text...

thread Economy

IMF completes Zambia’s third review under ECF, approves access to US$569.6 million

27 june 2024 - 07:07:00
Lusaka, Zambia (PANA) - The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the third review of [...] Full text...

thread Economy

Fostering vibrant, inclusive private sector is key to Somalia’s resilient growth

26 june 2024 - 18:26:55
Mogadishu, Somalia (PANA) - Since Somalia’s private sector accounts for an estimated 95 per cent of total jobs created, marshalling [...] Full text...

thread Economy

Remittances slowed in 2023, expected to grow faster in 2024: WB report

26 june 2024 - 18:03:31
Washington, DC, United States (PANA) - After a period of strong growth during 2021-2022, officially recorded remittance flows to low- [...] Full text...

thread Economy

Update Kenya Bill: Kenyan President withdraws contentious Finance Bill, cuts State House budget

26 june 2024 - 17:35:46
Nairobi, Kenya (PANA) - Kenyan President William Ruto withdrew the contentious Finance Bill 2024 on Wednesday and agreed to reduce [...] Full text...

thread Economy

Businesses resume in Kenyan capital after Tuesday's bloody violence

26 june 2024 - 16:26:04
Nairobi, Kenya (PANA) -  Businesses resumed on Wednesday in tense Nairobi after Tuesday's bloody violence in which protesters raided Parliament [...] Full text...

thread Politics

World Drug Day report highlights spike in drug use, increased trafficking

26 june 2024 - 13:11:39
Vienna, Austria (PANA) - The UN agency tackling crime and drug abuse (UNODC) released its annual World Drug Report on [...] Full text...

thread Society

IMF/Guinea Bissau reach staff-level deal on 6th review of ECF arrangement

26 june 2024 - 09:24:52
Bissau, Guinea Bissau (PANA) – Guinea Bissau authorities and staff of the International Monetary Fund (IMF have reached a staff-level [...] Full text...

thread Economy

Strong consumption, investment demand among factors boosting Côte d’Ivoire’s outlook

26 june 2024 - 08:40:56
Abidjan, Côte d’Ivoire (PANA) - Côte d’Ivoire’s economy remains resilient against a still difficult global backdrop. Despite lower than expected [...] Full text...

thread Economy

IMF completes second review of CAR’s ECF arrangement, approves US$25 million credit

25 june 2024 - 12:09:39
Bangui, CAR (PANA) – The International Monetary Fund (IMF) Executive Board on Monday completed the second review under the Extended [...] Full text...

thread Economy

IMF approves US$337 million from ECF and US$321 million of RSF for Madagascar

22 june 2024 - 12:16:27
Antananarivo, Madagascar (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday approved a 36-month arrangement under [...] Full text...

thread Economy

IMF traces signs of macroeconomic stabilisation in Comoros

22 june 2024 - 10:20:58
Moroni, Comoros (PANA) - Reforms are beginning to bear fruit in the Comoros, with visible signs of macroeconomic stabilisation. But, according [...] Full text...

thread Economy

IMF Board approves US$ 149.4 million budget support for Tanzania

21 june 2024 - 10:17:27
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has completed the third review of the Extended Credit [...] Full text...

thread Economy

Somalia expects 3.1 percent GDP growth, rebounding from drought and commodity price shocks

20 june 2024 - 17:41:57
Mogadishu, Somalia (PANA) - Somalia’s economy is expected to grow at 3.1 per cent in 2023 up from 2.4 per [...] Full text...

thread Economy

Senegal’s new authorities committed to growth-friendly fiscal consolidation

20 june 2024 - 11:33:20
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has welcomed the Senegalese new authorities’ commitment to the [...] Full text...

thread Economy

Putting Africa on the path to prosperity: World Bank Blog By Ajay Banga and Mohamed Ould Ghazouani

20 june 2024 - 07:31:04
Apulia, Italy (PANA) - Across the Global South, young people are yearning for opportunity and a better life. But while [...] Full text...

thread Society

Strong electric utilities critical to clean energy for all: WB report

18 june 2024 - 20:01:31
Washington, DC, USA {PANA) - The majority of electric utilities in developing countries are ill-equipped to meet growing demand for [...] Full text...

thread Economy

Getting the global economy out of the slow lane: World Bank Blog By Indermit Gill and M. Ayhan Kose

17 june 2024 - 17:01:14
Washington, DC, USA (PANA) - With global growth stabilizing for the first time in three years, inflation reaching a three-year [...] Full text...

thread Economy

IMF, Mozambique reach Staff-Level Agreement on Fourth Review of ECF

17 june 2024 - 09:09:39
Washington, DC, US (PANA) - An International Monetary Fund (IMF) team and the Mozambican authorities have reached a staff-level agreement [...] Full text...

thread Economy

UNICEF says most African countries not allocating enough budget to education

16 june 2024 - 13:07:18
Dakar, Senegal, (PANA) - The UN Children's Fund (UNICEF) says most African countries are not meeting their commitments to allocate [...] Full text...

thread Society

Burkina Faso’s recovery depends on having security under control: IMF

16 june 2024 - 11:37:40
Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economic growth is projected at 5.5 percent in 2024 but remains below potential [...] Full text...

thread Economy

WHO encourages African populations to donate blood

14 june 2024 - 12:47:58
Maseru, Lesotho (PANA) - Blood transfusion plays a critical role in the provision of lifesaving health care. Vulnerable people, such [...] Full text...

thread Health

AfDB strengthens capacity of fragile states on debt management

13 june 2024 - 10:36:49
Addis Ababa, Ethiopia (PANA) - The African Development Bank (AfDB) Group has launched a series of training programmes to support [...] Full text...

thread Economy

Guterres highlights ‘unique level of destruction’ in Gaza ahead of G7 summit

13 june 2024 - 06:18:59
Geneva, Switzerland (PANA) - UN Secretary-General António Guterres reiterated his solidarity with the people of Gaza and the global body’s [...] Full text...

thread Society

IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements

12 june 2024 - 10:21:16
Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...

thread Economy

Global growth stabilizing for first time in three years

11 june 2024 - 14:02:38
Washington, DC, United States (PANA) - The global economy is expected to stabilize for the first time in three years [...] Full text...

thread Economy

IMF urges South Sudan to uphold prudent macroeconomic policies

11 june 2024 - 11:55:15
Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...

thread Economy

Togo keeps its economic performance robust through growth-friendly fiscal consolidation: IMF

11 june 2024 - 10:15:27
Lomé, Togo (PANA) – Togo’s economic growth reached an estimated 5.6 percent in 2023, and inflation has fallen to 2.6 [...] Full text...

thread Economy

Cape Verde must invest in blue economy for growth, sustainability

10 june 2024 - 12:20:53
Praia, Cape Verde (PANA) Cape Verde has shown resilience in the post- COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities [...] Full text...

thread Economy

IMF, Egypt reach staff level deal on third review of EFF arrangement

07 june 2024 - 11:10:31
Cairo, Egypt (PANA) - While geopolitical tensions and their impact on Egypt remain challenging, the country’s authorities have stayed the [...] Full text...

thread Economy

AfDB taking Africa to the World

07 june 2024 - 07:47:50
London, UK (PANA) - The 10th Invest Africa Debate opened in London’s prestigious Guildhall on Thursday with the president of [...] Full text...

thread Economy

São Tomé and Príncipe faces serious economic challenges: IMF

07 june 2024 - 07:20:04
São Tomé, São Tomé and Príncipe (PANA) - Accelerating reforms of the energy sector is urgently needed to alleviate pressures [...] Full text...

thread Economy

Raising agricultural productivity, private sector investment can help Zambia achieve sustained and inclusive growth

06 june 2024 - 18:56:45
Lusaka, Zambia (PANA) - While Zambia’s economy is still recovering from the COVID-19 pandemic and a previous recession, a new [...] Full text...

thread Economy

World Environment: There is an exit off ‘the highway to climate hell’, Guterres insists

06 june 2024 - 05:38:41
New York, United States (PANA) - “It’s climate crunch time” when it comes to tackling rising carbon emissions, the UN [...] Full text...

thread Environment

IMF reaches staff-level deal on third review of Zambia’s ECF

05 june 2024 - 13:52:47
Lusaka, Zambia (PANA) - The International Monetary Fund (IMF) and Zambia have reached a staff-level agreement on economic policies and [...] Full text...

thread Economy

Financiers for Ghana’s new Ship Repair Dock Project

05 june 2024 - 10:43:54
Accra, Ghana (PANA) - A consortium, including the African Development Bank (AfDB), has signed an agreement to extend $94 million [...] Full text...

thread Economy

Mauritania’s economy set to attain 4.3 percent growth in 2024

05 june 2024 - 10:32:26
Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...

thread Economy

Kenya’s economy exhibited robust growth in 2023 despite persistent challenges

05 june 2024 - 07:41:58
Nairobi, Kenya (PANA) - Kenya’s real GDP growth accelerated to 5.6% in 2023, surpassing the previous year’s growth of 4.9%. However, [...] Full text...

thread Economy

IMF, Cameroon reach staff-level agreement on first review of ECF, RSF

04 june 2024 - 11:51:18
Yaoundé, Cameroon (PANA) - The International Monetary Fund (IMF) and the Cameroonian authorities have reached a staff-level agreement on the [...] Full text...

thread Economy

Seychelles withstands climate shocks, continued volatility in external environment

04 june 2024 - 10:40:06
Victoria, Seychelles (PANA) - The Seychelles economy has continued to demonstrate resilience, despite continued volatility in the external environment and [...] Full text...

thread Economy

IMF must listen to the needs of its global membership and adapt to emerging challenges: IMF Regional Perspectives By William Ruto, President of Kenya

03 june 2024 - 17:24:44
Nairobi, Kenya (PANA) - For over eight decades, the International Monetary Fund (IMF) has stood as a pillar of global [...] Full text...

thread Economy

IMF, Niger reach staff-level deal on reviews of ECF and RSF

01 june 2024 - 18:05:10
Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] Full text...

thread Economy

AfDB stresses need for responsible, innovative solutions for African debt management

01 june 2024 - 07:56:51
Nairobi, Kenya (PANA) - It is essential to find innovative solutions for managing the debt of African countries, taking proactive [...] Full text...

thread Economy

World Bank assists Kenya to ease short-term fiscal pressures

31 may 2024 - 10:07:18
Nairobi, Kenya (PANA) - The World Bank has approved new funding to help Kenya address short-term fiscal pressures and simultaneously [...] Full text...

thread Economy

World Bank supports Ghana to strengthen its financial sector

31 may 2024 - 09:44:44
Accra, Ghana (PANA) - The World Bank has approved a $250 million International Development Association (IDA) credit for a five-year [...] Full text...

thread Economy

IMF Board concludes first review of ECF for Somalia

30 may 2024 - 10:06:36
Mogadishu, Somalia (PANA) – The International Monetary Fund (IMF) has allowed an immediate disbursement of US$10 million to Somalia to [...] Full text...

thread Economy