Global airlines chief urges continental carriers to exploit Africa's growth potential

19 november 2024 - 14:00:28
Cairo, Egypt (PANA) - African airlines should take advantage of the existence of a massive population within the continent to [...] Full text...

thread Economy

New European wealth gauge kelps policymakers address inequality: IMF Blog By Henning Ahnert, Francien Berry, Darja Milic, and Jorrit Zwijnenburg

19 november 2024 - 07:11:17
Brussels, Belgium (PANA) - Economists monitor income disparities because they can harden into more structural wealth inequalities that concern policymakers. [...] Full text...

thread Society

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

South Africa to receive G20 presidency this week

18 november 2024 - 08:42:37
Rio de Janeiro, Brazil (PANA) – South Africa's President, Cyril Ramaphosa, on Sunday night arrived in Brazil where he will [...] Full text...

thread Politics

COP29: Putting people at the centre of climate solutions: World Bank Blog By Mamta Murthi and Juergen Voegele

18 november 2024 - 08:36:22
Luanda, Angola (PANA) -  Climate change is an urgent human crisis.  Since 2022, 400 million students worldwide have faced school [...] Full text...

thread Environment

IMF Country Focus: Growth in sub-Saharan Africa is diverging By Saad Quayyum, Nikola Spatafora, Sanghamitra Mukherjee, and Hamza Mighri

15 november 2024 - 07:49:18
Dar es Salaam, Tanzania (PANA) - Stagnating incomes in the region's resource-intensive economies necessitate more effective fiscal management and broad-based [...] Full text...

thread Economy

IMF reaches staff-level deal with DRC on ECF, RSF for US$ 1.77 billion

14 november 2024 - 08:35:29
Kinshasa, DR Congo (PANA) – Authorities in the Democratic Republic of Congo (DRC) and a mission of the International Monetary [...] Full text...

thread Economy

New report outlines pathways to sustainable growth in Rwanda

14 november 2024 - 07:22:54
Kigali, Rwanda – The Government of Rwanda and the World Bank  on Wednesday launched the Rwanda Country Economic Memorandum (CEM), [...] Full text...

thread Economy

COP29: Energy transition must not trigger a ‘stampede of greed’ that crushes the poor

13 november 2024 - 12:09:09
Baku, Azerbaijan (PANA) - Climate talks at COP29 in Baku on Wednesday turned to the pressing issue of how to [...] Full text...

thread Environment

South African delegation participates in COP29

13 november 2024 - 08:59:31
Cape Town, South Africa (PANA) – A high-level South African delegation is attending COP29 which is underway in Baku, Azerbaijan [...] Full text...

thread Environment

COP29: ‘Pay up or humanity will pay the price’, Guterres warns climate summit

12 november 2024 - 12:48:27
Baku, Azerbaijan (PANA) UN Secretary-General António Guterres said on Tuesday that leaders gathered in Baku for the COP29 Climate Action [...] 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

The clock is ticking on sub-Saharan Africa's urgent job creation challenge: IMF Blog By Athene Laws, Faten Saliba, Can Sever, and Luc Tucker

12 november 2024 - 08:41:34
Gaborone, Botswana (PANA) - To employ a growing population, the region needs to transform informal jobs, reduce barriers to business [...] Full text...

thread Society

How property taxes can help low-income countries to develop: IMF Blog By Martin Grote, Mario Mansour, and Jean-François Wen

12 november 2024 - 08:15:09
Lagos, Nigeria (PANA) - The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth [...] Full text...

thread Society

FLEX 2024: African ministers, education stakeholders gather in Kigali to track progress in addressing learning crisis

12 november 2024 - 07:48:07
Kigali, Rwanda (PANA) -  Over 500 education leaders, including 28 ministers of education and ministerial representatives from 39 African countries, [...] Full text...

thread Society

AfDB approves €24 million loan to Côte d'Ivoire to improve fisheries and aquaculture sectors

10 november 2024 - 13:14:34
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a loan [...] Full text...

thread Agriculture

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

Why pastoralism matters more than ever for the Sahel and West Africa’s future: World Bank open editorial by Mohamed Ould El-Ghazaouani, President of Mauritania, Mahamat Idriss Déby, President of Chad and Ousmane Diagana, World Bank Vice-President for West and Central Africa

07 november 2024 - 09:12:09
Nouakchott, Mauritania (PANA) - Today, more than ever, we must turn our attention to pastoralism across the Sahel and West [...] Full text...

thread Environment

South African President Ramaphosa salutes Trump after election victory

07 november 2024 - 09:10:40
Cape Town, South Africa (PANA) –  South African President Cyril Ramaphosa on Thursday congratulated Donald Trump on his victory in [...] Full text...

thread Politics

From the margins to the centre: Africa's role in shaping AI governance: World Bank Blog By Aubra Anthony, Jane Munga and Sharmista Appaya

06 november 2024 - 10:19:27
Addis Ababa, Ethiopia (PANA) - The coming years offer Africa an immense opportunity to evolve from an AI consumer to [...] Full text...

thread Society

Climate action essential to Senegal’s upper-middle-income country aspiration, says new report

06 november 2024 - 09:07:30
Dakar. Senegal (PANA) - A new World Bank Group report highlights the significant economic and social benefits of climate action [...] Full text...

thread Economy

'Over 2 billion in cities will be exposed to 0.5ºC rise by 2040'

06 november 2024 - 05:26:16
Cairo, Egypt (PANA) - More than two billion people currently living in cities could be exposed to an additional temperature [...] Full text...

thread Environment

Climate resilience in Guinea-Bissau hinges on stability, governance and business climate

05 november 2024 - 07:32:25
Bissau, Guinea-Bissau (PANA) - Strengthened institutional and financial systems are crucial for fostering climate resilience and sustainable development in Guinea-Bissau, [...] Full text...

thread Economy

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

Global UN forum opens in Cairo to rethink urban development

05 november 2024 - 05:36:30
Cairo, Egypt (PANA) - Thousands of delegates on Monday joined United Nations representatives gathered in Cairo to kick off the [...] Full text...

thread Environment

AfDB approves $54 million loan for Mozambique’s first wind energy project

03 november 2024 - 05:38:10
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of [...] Full text...

thread Economy

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

Some 1.2 billion people at high risk from climate change worldwide - World Bank

01 november 2024 - 07:22:57
Washington, DC, US (PANA) - Some 1.2 billion people face life-changing risks through exposure to at least one critical climate [...] Full text...

thread Environment

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

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

ETF and OTC investment flows buoy total gold demand

30 october 2024 - 13:01:00
London, UK (PANA) - Healthy inflows into global gold exchange traded funds (ETFs) were a major driver of growth in [...] Full text...

thread Economy

Eliminating the productivity drag: IMF F&D article By Nan Li and Diaa Noureldin

30 october 2024 - 10:50:02
Washington, DC, United States (PANA) - The global economy has been struggling to regain its footing since the 2008–09 global [...] Full text...

thread Economy

Oversupply could mute effects of wider Middle-East conflict on oil prices

29 october 2024 - 05:30:51
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, October 29, 2024, AT 11:00 AM UTC.Washington, DC, United States (PANA) [...] Full text...

thread Economy

From challenges to opportunities: Transforming human capital in CEMAC: World Bank Blog By Ioana Botea and Nathalie Lahire

28 october 2024 - 12:08:47
Yaoundé, Cameroon (PANA) - Human capital is a cornerstone for sustained and inclusive growth. In today’s world, a nation’s wealth [...] Full text...

thread Society

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

AfDB urges practical solutions to tackle poverty in Africa

25 october 2024 - 09:28:05
Washington, DC., US, (PANA) -    Climate change, global financial shocks and growing food insecurity are threatening Africa, the world’s [...] 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 advances gender strategy, unveils economic opportunity ambitions

24 october 2024 - 14:35:56
Washington DC, United States (PANA) - The World Bank Group on Thursday took the first steps toward implementing Gender Strategy [...] Full text...

thread Gender

Finding a pathway to employment for young women in Benin: World Bank Blog By Saint-Martin Kodjovi Mongan Agbeshie, Rachael Pierotti, Nicola Duell and Claudia Rivas

24 october 2024 - 13:02:45
Cotonou, Benin (PANA) - It’s early morning in Benin and Solange, a young mother, is dropping her child off at [...] Full text...

thread Gender

Beninese youth, of which 51% are women. This represents a major improvement compared to a 40% female participation in previous employment programmes

24 october 2024 - 10:34:44
Cotonou, Benin (PANA) - To empower women, Benin worked with the Partnership for Economic Inclusion (PEI)—a global platform hosted by [...] Full text...

thread Gender

Joint IMF-Regional Financing Arrangements hold dialogue on effective collaboration

24 october 2024 - 06:37:41
Washington, DC, United States (PANA) - The 9th High-level Regional Financing Arrangements (RFAs) Dialogue was held on Wednesday  in Washington [...] Full text...

thread Economy

South Africa: Ramaphosa's pro-Russia remarks raise tensions

23 october 2024 - 16:20:09
Cape Town, South Africa (PANA) – President Cyril Ramaphosa’s bilateral meeting with Russian President Vladimir Putin on Tuesday has sparked tensions [...] Full text...

thread Politics

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, Angola sign Open Skies agreement

22 october 2024 - 04:44:20
Luanda, Angola (PANA) - The US and Angola have signed an Open Skies Air Transport Agreement in Luanda to advance [...] 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

AfDB approves $100 million to support youth and women-led MSMEs in Nigeria

20 october 2024 - 06:27:25
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a $100 million loan to increase access to [...] Full text...

thread Economy

IMF staff urge strong governance, speedy reforms for inclusive growth in Madagascar

19 october 2024 - 09:42:53
Antananarivo, Madagascar (PANA) - Strengthening governance and accelerating reforms to bolster resilience to climate shocks and attract climate finance for [...] Full text...

thread Economy

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, reach staff level deal on review of ECF and RSF before approval of more financial support

18 october 2024 - 07:53:28
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] Full text...

thread Economy

Support for economic reforms hinges on communication, engagement, and trust: IMF Blog By Silvia Albrizio, Bertrand Gruss, and Yu Shi

17 october 2024 - 14:25:35
Washington DC, United States (PANA) - The global economy is stuck in a low-growth gear, largely because of aging populations, [...] 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

Modest growth forecast for economies in MENA amid rising uncertainty

17 october 2024 - 06:58:59
Washington, DC, United States (PANA) - Growth continues to be subdued in the Middle East and North Africa (MENA) because [...] Full text...

thread Economy

2024 FIFA U-17 WWC: Three African nations take on the world

17 october 2024 - 05:37:16
Cairo, Egypt (PANA) - The 2024 Under-17 Women's World Cup will be a showcase for African women's football, as teams [...] Full text...

thread Sports

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

IMF staff completes 2024 Article IV Consultation Mission to Chad

16 october 2024 - 10:56:27
N’Djamena, Chad (PANA) - Chad’s economic growth, after increasing to 4.9 percent in 2023, is expected to moderate this year, [...] Full text...

thread Economy

Regaining modern values can reverse the slowdown in innovation and its rewards: IMF Blog By Edmund Phelps

16 october 2024 - 07:32:49
Washington DC, United States (PANA) - Why do some nations experience mass economic flourishing while others do not? Why did [...] Full text...

thread Economy

Examining assumptions in education policy: A decade of World Bank research By Luis Benveniste, Tracy Wilichowski, Quentin Daviot and Gabrielle Arenge

16 october 2024 - 07:31:10
Washington, DC. United States (PANA - A compendium of impact evaluations provides policymakers and practitioners with actionable information to enhance [...] Full text...

thread Society

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

Nearly two million severely malnourished children at risk of death due to funding shortages for therapeutic food

15 october 2024 - 11:56:33
New York, US (PANA) - Nearly two million children suffering from severe wasting, also known as severe acute malnutrition, are [...] 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

UN: Over 2 million babies born into Sudan's devastating conflict

14 october 2024 - 16:56:29
Port Sudan, Sudan (PANA) –  An international charity organisation catering for children has said over 2 million babies are estimated [...] Full text...

thread Health

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

South Africa moves to accommodate foreign workers

14 october 2024 - 10:50:15
Cape Town, South Africa (PANA) – The South African Minister of Home Affairs, Dr Leon Schreiber, has gazetted reforms to [...] Full text...

thread Economy

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

AfDB, AFD cement partnership to support youth entrepreneurship in Africa

13 october 2024 - 05:11:55
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank Group and Agence Française de Développement (AFD) have announced they would [...] 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

IMF team discusses macroeconomic policies on Burkina Faso visit

10 october 2024 - 09:15:52
Ouagadougou, Burkina Faso (PANA) - An International Monetary Fund (IMF) staff team led by Martin Schindler visited Ouagadougou during 30 [...] Full text...

thread Economy

World Bank Group unveils strategy to drive inclusive growth, resilience in Zimbabwe

09 october 2024 - 07:04:12
Harare, Zimbabwe (PANA) -The World Bank Group’s Board of Executive Directors has approved the new Country Engagement Note (CEN) for [...] Full text...

thread Economy

Why women risk losing out in shift to green jobs: IMF Blog By tefania Fabrizio, Florence Jaumotte, and Marina M. Tavares

08 october 2024 - 07:01:27
Washington, DC, United States (PANA) - Men hold about 70 percent of the world’s polluting jobs, so one might think [...] Full text...

thread Economy

ECOWAS Bank to invest EUR 61 million, $100 million to boost infrastructure, trade

08 october 2024 - 05:00:17
Lomé, Togo (PANA) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved investments [...] 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

Community court strengthens expertise in dispute settlement mechanisms under AfCFTA and ECOWAS

06 october 2024 - 05:49:30
Abuja, Nigeria (PANA) - Judges, legal officers and registry staff of the ECOWAS Court of Justice have participated in a [...] Full text...

thread Society

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

US, Ghana hold security dialogue

04 october 2024 - 06:01:24
Washington, DC, US (PANA) - The United States and Ghana on Thursday held a joint security dialogue in Washington, DC, [...] Full text...

thread Politics

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

Strengthening coastal resilience in Senegal: Vital issue for the people of Saint-Louis: World Bank Blog By Sokhna Ba and Seydina Alioune Djigo

03 october 2024 - 07:50:28
Saint-Louis, Senegal (PANA) - Khady Beye Sene cannot hide her satisfaction: after losing her home to coastal erosion in 2018, [...] Full text...

thread Environment

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

Working from home is powering productivity: IMF article by Nicholas Bloom

02 october 2024 - 05:39:32
Washington, DC, United States (PANA) - Economics is famous for being the dismal science. Sadly, recent work highlighting the slowdown [...] Full text...

thread Society

IMF, Seychellois authorities reach Staff-Level Agreement on Third Reviews

01 october 2024 - 14:24:08
Washington, DC, US (PANA) - An International Monetary Fund (IMF) mission, led by Mr. Todd Schneider, conducted discussions with the [...] 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

Water is cultivating hope and transforming lives of Rwanda's farmers: World Bank Blog By Hayalsew Yilma

01 october 2024 - 07:50:03
Kigali, Rwanda (PANA) - I will never forget my first encounter with Damien and Vestine, a warm and welcoming couple [...] Full text...

thread Society

Niger anticipates economic recovery on from oil revenues

01 october 2024 - 05:55:54
Niamey, Niger (PANA) - Niger's economy is set to rebound after a year marked by an unprecedented political crisis. However, [...] 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

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

Morocco: Strengthening climate resilience to safeguard and grow coastal tourism jobs: World Bank Blog By Kanako Hasegawa and Ulrike Lehr

25 september 2024 - 08:28:46
Casablanca, Morocco (PANA) - The blue economy holds significant potential to create jobs. Across Africa, the blue economy already generates [...] Full text...

thread Environment

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

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

Denmark announces 40% increase in pledge to World Bank’s IDA

24 september 2024 - 07:37:38
New York, United States (PANA) - Denmark on Monday announced its early, significantly increased financial commitment to the World Bank’s [...] Full text...

thread Economy

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

Guinea Economic Update: Natural resource management for development

20 september 2024 - 07:35:17
Conakry, Guinea (PANA) – Agriculture is pivotal for Guinea's structural transformation and climate resilience, serving as a cornerstone for inclusive [...] Full text...

thread Economy

Economic diversification: Crafting a multi-sectoral strategy for economic stabilisation for Malawi: World Bank Blog By Tatenda Chiuye

19 september 2024 - 09:13:55
Lilongwe, Malawi (PANA) - Have you ever owned a favourite pen that you found indispensable? I certainly had, every day [...] Full text...

thread Society

IMF staff pledge support to Kenyan authorities in managing challenges

18 september 2024 - 08:55:57
Nairobi, Kenya (PANA) - The authorities in Kenya have expressed commitment to advancing economic and governance reforms which are crucial [...] Full text...

thread Society

Rwanda’s economy registers strong growth in early 2024 despite persistent challenges

18 september 2024 - 08:21:54
Kigali,  Rwanda (PANA) - Rwanda's real GDP grew by 9.7% in the first quarter of 2024, exceeding the previous year's [...] Full text...

thread Economy

Strengthening social contracts in Africa: Is social media a blessing or a curse? World Bank Blog By Gael Raballand

17 september 2024 - 09:53:22
Dar es Salaam, Tanzania (PANA) - Access to social media and digitised communication has been a double-edged sword in Africa. [...] Full text...

thread Society

Trade balances in China and the US are largely driven by domestic macro forces: IMF Blog By Pierre-Olivier Gourinchas, Ceyla Pazarbasioglu, Krishna Srinivasan, and Rodrigo Valdés

13 september 2024 - 12:55:31
Washington, DC, United States - China’s widening trade surplus and the growing US trade deficit since the pandemic have renewed [...] Full text...

thread Economy

IMF underlines wise spending of public revenue in Lesotho

12 september 2024 - 12:01:39
Maseru, Lesotho (PANA) - Lesotho’s GDP growth has improved modestly, picking up to 2.2 percent in the fiscal year ending [...] Full text...

thread Economy

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

Addressing insecurity in road construction in conflict-prone areas: Lessons from the Horn of Africa: World Bank Blog By Kennedy Mkutu Agade, Josphat Sasia, Lilian Kahindo and Benard Mitto

12 september 2024 - 09:12:25
Nairobi, Kenya (PANA) - While all development projects call for care and deftness during the implementation phase, these requirements become [...] Full text...

thread Society

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

Rwanda’s 200,000 youths to benefit from IDA funded skills development programme

11 september 2024 - 10:22:14
Kigali, Rwanda (PANA) - The World Bank has approved new funding to empower and build the skills of more than [...] Full text...

thread Society

US Department of State hosts inaugural U.S.-Nigeria Strategic Energy Dialogue

11 september 2024 - 05:54:20
Washington, DC, US (PANA) - the US Bureau of Energy Resources (ENR) Assistant Secretary Geoffrey R. Pyatt, will lead the [...] Full text...

thread Economy

Call for ‘solutions across the board’ as 79th General Assembly opens

11 september 2024 - 05:42:26
New York, US (PANA) - The 79th session of the UN General Assembly opened on Tuesday in New York, with [...] Full text...

thread Politics

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

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

Tech progress, automation, AI, cut workers’ share of wealth: ILO

04 september 2024 - 17:13:20
Geneva, Switzerland (PANA) - The global trend for shrinking pay packets in heavily industrialized economies could be driven – at [...] Full text...

thread Economy

Sustained economic growth hinges on productivity gains as populations age : IMF Blog By Gita Bhatt

04 september 2024 - 12:00:14
Washington, DC, United States (PANA) - A productivity slump is eroding living standards and imperilling financial and social stability “Productivity isn’t [...] Full text...

thread Economy

World Bank appoints new country director for Kenya, Rwanda, Somalia, and Uganda

03 september 2024 - 08:03:49
Nairobi, Kenya (PANA) - The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, [...] Full text...

thread Economy

Urbanization has led to increased slum populations, poverty, and inequalityFeature by Oumar Sylla)

29 august 2024 - 19:50:10
Nairobi, Kenya (PANA) - Urbanization has led to increased slum populations, poverty, and inequality. Informal employment dominates, with 85.8% of [...] Full text...

thread Environment

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

Egypt’s cane sugar production drops

23 august 2024 - 07:14:37
Cairo, Egypt (PANA) - Egypt’s sugar production in marketing year 2024/25 (October to September) is forecast to reach 2.6 million [...] Full text...

thread Agriculture

Botswana prepares for historic UN conference on landlocked countries

23 august 2024 - 05:25:42
Gaborone, Botswana (PANA) - Leaders from landlocked developing countries, (LLDCs) will gather in Gaborone, Botswana, this December to tackle challenges, [...] Full text...

thread Politics

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

Kenya Airways returns to profitability after a decade

20 august 2024 - 15:09:55
Nairobi, Kenya (PANA) - Kenya Airways has returned to the profit-making territory for the first time in 10 years, marking [...] Full text...

thread Economy

UN releases draft blueprint for new universal tax accord

18 august 2024 - 05:30:17
Geneva, Switzerland (PANA) - The global tax system needed reform, and the UN answered the call on Friday with a [...] Full text...

thread Economy

Gambia, MRCG at LSHTM achieved longitudinal population study

14 august 2024 - 13:40:39
Banjul, Gambia (PANA) - The Medical Research Council Unit the Gambia at The London School of Hygiene and Tropical Medicine [...] Full text...

thread Health

Congo designs fiscal instruments for sustainable forestry, economic growth

14 august 2024 - 07:42:44
Brazzaville, Congo (PANA) – Republic of Congo’s economy is gradually recovering, with GDP growth estimated at 1.9% in 2023, according [...] Full text...

thread Economy

World Bank Group launches high level council to tackle looming jobs crisis

13 august 2024 - 08:13:37
Washington, DC, United States (PANA) - The World Bank Group has announced the launch of the High-Level Advisory Council on [...] Full text...

thread Society

AfDB mobilises over 92m euros to support entrepreneurship, job creation in Tunisia

13 august 2024 - 06:03:16
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a financing package [...] Full text...

thread Economy

Youth jobless rate falls to 15-year low, says ILO

12 august 2024 - 11:06:20
Geneva, Switzerland (PANA) - The number of young people unemployed globally is at a 15-year low but Asian Pacific and [...] Full text...

thread Economy

CAF congratulates Morocco, Egypt for valiant performances at Paris Olympic football

11 august 2024 - 10:03:05
Cairo, Egypt (PANA) - The Confederation of African Football (CAF) has congratulated Morocco for winning Bronze in Men's Football at [...] Full text...

thread Sports

AfDB approves $40m Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank

10 august 2024 - 05:47:28
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a $40 [...] Full text...

thread Economy

Former CAF President Issa Hayatou passes away

09 august 2024 - 07:24:28
Yaoundé, Cameroon (PANA) - Former President of the Confederation of African Football (CAF), Issa Hayatou, has passed away.The Cameroonian died [...] Full text...

thread Sports

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

Meet Fátima Almeida, the entrepreneur revolutionising digital and financial inclusion in Angola: World Bank Blog By Entrepreneur Fátima Almeida

03 august 2024 - 10:55:51
Luanda, Angola (PANA) – A graduate in economics with a flair for business, Angolan entrepreneur Fátima Almeida has always been [...] Full text...

thread Society

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

“Middle-Income Trap” hinders progress in 108 developing countries: World Development Report

01 august 2024 - 07:58:33
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL THURSDAY, 1 AUGUST, 2024, at 1:30 PM UTCWashington, DC, United States (PANA) [...] Full text...

thread Economy

World Bank backs Ethiopia's reforms to promote sustainable, inclusive growth, take climate action

31 july 2024 - 08:46:38
Washington, DC, United States (PANA) - The World Bank’s Board of Executive Directors on Tuesday approved the Ethiopia First Sustainable [...] Full text...

thread Economy

On African Women's Day, a reflection on women empowerment and remaining challenges in Angola: World Bank Blog By Natália Timóteo Yange

31 july 2024 - 08:18:59
Luanda, Angola (PANA) - On the day we celebrate African Women, Natália Yange guides us in an in-depth reflection on [...] Full text...

thread Gender

World Bank Group announces Radi Anguelova as Vice President for Human Resources

31 july 2024 - 07:51:54
Washington, DC, United States (PANA) - World Bank Group President Ajay Banga has announced the appointment of Radoslava “Radi” Anguelova [...] 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

Maximising returns to human capital in Mauritania for increased wealth, shared prosperity

26 july 2024 - 11:20:08
Nouakchott, Mauritania (PANA) - The World Bank on Friday released the seventh edition of its Economic Update for Mauritania, which [...] 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

CAR faces tough socioeconomic situation in governance reforms: IMF

25 july 2024 - 09:56:53
Bangui, CAR (PANA) – Despite the particularly difficult socioeconomic context and significant financing needs, Central African Republic (CAR) continues to [...] 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

Rising heat in Europe and Central Asia killing almost 400 children a year: UNICEF

25 july 2024 - 05:59:42
Geneva, Switzerland (PANA) - Soaring summer temperatures in Europe and Central Asia are killing nearly 400 children a year according [...] Full text...

thread Environment

South Africa attends high-level trade forum in the US

24 july 2024 - 11:21:41
Cape Town, South Africa (PANA) – A high-level South African delegation is attending the 21st African Growth and Opportunity Act [...] 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

Education and career perspectives of young Ugandans: A mix of challenges, gaps and high aspirations: World Bank Blog By Aziz Atamanov, Giulia Ponzini, Frédéric Cochinard and John Ilukor

24 july 2024 - 09:14:46
Kampala, Uganda (PANA) - Higher education and career aspirations among the youth are usually associated with socioeconomic achievements under the [...] Full text...

thread Society

New partnership framework for Cameroon focuses on more jobs, effective service delivery for all

24 july 2024 - 08:04:33
Yaoundé, Cameroon (PANA) – The World Bank Group (WBG) announced a new Country Partnership Framework (CPF) for Cameroon, which will [...] Full text...

thread Economy

Forests face increasing risk of wildfires and pests due to climate change

23 july 2024 - 07:29:02
Rome, Italy (PANA) - The world’s forests are becoming increasingly susceptible to wildfires and pests due to climate change, according [...] Full text...

thread Agriculture

Morocco's economy proves resilient but private sector faces challenges

19 july 2024 - 07:41:58
Rabat, Morocco (PANA) - Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al [...] Full text...

thread Economy

CAF mourns late South African Coach, Tshabalala

18 july 2024 - 06:57:46
Johannesburg, South Africa (PANA) - The Confederation of African Football (CAF) President, Dr Patrice Motsepe, is saddened by the news [...] Full text...

thread Sports

South African Minister calls for restraint following Trump shooting

17 july 2024 - 08:21:51
Cape Town, South Africa (PANA) – South Africa’s International Relations and Co-operation Minister Ronald Lamola has condemned the assassination attempt [...] Full text...

thread Politics

AfDB's sovereign portfolio retains top spot in 2024 Aid Transparency Index

17 july 2024 - 06:32:34
Abidjan, Cote d'Ivoire (PANA) - The global campaign for aid and development transparency has again named the African Development Bank’s [...] Full text...

thread Economy

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

Senior US diplomat visits Ghana, Gabon, Senegal

15 july 2024 - 05:14:51
Washington, DC, US (PANA) - US Deputy Secretary of State Kurt Campbell has emarked on visits to Ghana, Gabon and [...] Full text...

thread Politics

UN Meteorological Organisation flags sand and dust storm scourge

14 july 2024 - 05:51:31
Geneva, Switzerland (PANA) - Dust levels worldwide decreased slightly in 2023, the UN’s weather and climate agency has said, but [...] Full text...

thread Environment

Emerging markets show resilience despite global monetary tightening: IMF Blog By Cian Allen and Rudolfs Bems

13 july 2024 - 11:18:44
Washington, DC, United States (PANA) - Interest rates in the United States are at 20-year highs and the dollar has [...] Full text...

thread Economy

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

World Bank supports Botswana to enhance renewable energy, improve electricity services

13 july 2024 - 07:36:28
Gaborone, Botswana (PANA) - The World Bank’s Board of Directors has approved its first lending operation supporting renewable energy development [...] Full text...

thread Economy

Top official warns of weakened regional security following withdrawal from West African economic bloc by Mali, Burkina Faso, Niger

13 july 2024 - 05:42:15
New York, US (PANA) - Mali, Burkina Faso and Niger’s decision to pull out of the Economic Community of West [...] Full text...

thread Politics

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...

thread

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

World Bank Group launches framework for inclusive, private sector-led, resilient growth in Tanzania

12 july 2024 - 10:58:44
Dar es Salaam, Tanzania (PANA) - The World Bank Group’s (WBG) Board of Executive Directors has endorsed the new Country [...] Full text...

thread Economy

Red Sea shipping crisis elevates trading costs with extra burden on consumers

12 july 2024 - 07:20:25
Dar es Salaam, Tanzania (PANA) - Due to recently increased attacks by Houthi militants, the Red Sea shipping route remains [...] Full text...

thread Economy

Global population reached nearly 8.2 billion by mid-2024 - UN

12 july 2024 - 05:52:36
New York, US (PANA) - The global population reached nearly 8.2 billion by mid-2024 and is expected to grow by [...] 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

Pan-African Fintech Hub launched in Lagos

10 july 2024 - 14:47:11
Banjul, Gambia (PANA) - The United Nations Development Programme (UNDP) and the timbuktoo Africa Innovation Foundation on Tuesday launched a [...] Full text...

thread Sciences

Seeking new pathways to green growth in Malawi: World Bank By Qursum Qasim and Efrem Chilima

10 july 2024 - 11:36:35
Lilongwe, Malawi (PANA) - With the recent declaration of a drought in 23 of its 28 districts, Malawi once again [...] Full text...

thread Economy

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

World Bank launches Economic Update on Chad

09 july 2024 - 08:31:17
N’djamena, Chad (PANA) – Enhancing the economic inclusion of refugees necessitates acknowledging their economic contributions, according to the World Bank [...] Full text...

thread Economy

South African economist lands top post at BRICS-owned bank

09 july 2024 - 08:27:36
Cape Town, South Africa (PANA) – Leading South African economist Monale Ratsoma has been appointed vice-president and chief financial officer (CFO) [...] 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

UN envoy highlights alarming violence and neglected humanitarian crisis in DR Congo

09 july 2024 - 05:36:33
New York, US (PANA) - The security situation in eastern Democratic Republic of the Congo (DR Congo) has resulted in [...] Full text...

thread Society

Donor delegation expresses satisfaction with Cape Verde's Tech Park

07 july 2024 - 07:33:29
Praia, Cape Verde (PANA) - A high-level donor delegation that included the African Development Bank (AfDB) has expressed strong admiration [...] Full text...

thread Society

Nigerian Economist named AfDB's Director of Statistics Department

05 july 2024 - 16:22:41
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has appointed Dr. Babatunde Samson Omotosho, an economist and statistician, [...] Full text...

thread Economy

Preserving the Congo Basin forest: Game changer for Africa and the world: World Bank Blog By Cheick Fantamady Kanté

05 july 2024 - 07:16:34
Brazzaville, Congo (PANA) - As African leaders convene in Brazzaville to discuss the forest agenda, it is crucial to reflect [...] Full text...

thread Environment

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

Global trade rises in early 2024, adding $350 billion in goods and services

03 july 2024 - 05:31:06
Geneva, Switzerland (PANA) - Global trade trends turned positive in the first quarter of 2024, with the value of trade [...] Full text...

thread Economy

EU-Kenya trading treaty enters into force after nearly two decades of talks

02 july 2024 - 22:20:12
Nairobi, Kenya (PANA) - The trading treaty between Kenya and the European Union under the Economic Partnership Agreement (EPA), entered [...] Full text...

thread Economy

World Bank Group guarantee platform goes live

02 july 2024 - 07:18:40
Washington DC, United States (PANA) - Starting 1 July, the World Bank Group (WBG) guarantee platform opened for business, it [...] Full text...

thread Economy

WB board approves additional $35 million to improve essential health services in the Gambia

01 july 2024 - 17:00:34
Banjul, Gambia(PANA) - The World Bank Board of Directors has approved an additional $35 million in financing from the International [...] Full text...

thread Health

Empowering small emerging commercial farmers: Mozambique success story – World Bank Blog By Blessings Botha

01 july 2024 - 08:58:56
Maputo, Mozambique (PANA) - Having seen so many smallholder farmers trapped in low agricultural productivity in Mozambique, I had always [...] Full text...

thread Agriculture

World Bank Group appoints Senegalese Fatou Fall as joint Resident Representative for Djibouti

01 july 2024 - 08:51:09
Djibouti, Djibouti (PANA) - Starting Monday, Fatou Fall becomes the Joint Resident Representative of the World Bank Group for Djibouti.“This [...] Full text...

thread Society

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