COP29: Failure on climate finance ‘not an option’, says Guterres

21 november 2024 - 14:09:58
Baku, Azerbaijan (PANA) - UN Secretary-General António Guterres made a strong call to action as COP29 approaches its crucial conclusion [...] Full text...

thread Environment

COP29: New climate finance deal, urban challenges in spotlight at conference

21 november 2024 - 05:33:02
Baku, Azerbaijan (PANA) - As intense round-the-clock COP29 climate talks enter their final stretch in Baku, delegates on Wednesday are [...] Full text...

thread Environment

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

Ahead of G20 Summit in Brazil, UN chief urges bloc to take the lead on peace, climate and other challenges

18 november 2024 - 05:33:12
Rio de Janeiro, Brazil (PANA) - The G20 group of developed economies must be at the forefront of global efforts to [...] Full text...

thread Politics

COP29: Will conference deliver the trillions needed to tackle the man-made climate crisis?

17 november 2024 - 04:52:20
Baku, Azerbaijan (PANA) - The latest round of UN climate negotiations, COP29, opened this past Monday in Baku, Azerbaijan, following [...] Full text...

thread Environment

COP29: Multilateral development banks to boost climate finance

13 november 2024 - 08:19:45
Baku, Azerbaijan (PANA) - Multilateral Development Banks (MDBs) on Tuesday issued a joint statement at COP29 in Baku outlining financial [...] Full text...

thread Environment

COP29: Guterres urges countries to ‘get serious’ on loss and damage funding

13 november 2024 - 05:47:56
Baku, Azerbaijan (PANA) - UN Secretary-General António Guterres called on Tuesday for countries to step up contributions to a financial [...] 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

Sudan Central Bank announces issuance of new banknotes

10 november 2024 - 13:27:40
Port Sudan, Sudan (PANA) - The Central Bank of Sudan on Saturday  announced the issuance of new 1,000- and 500-pound [...] Full text...

thread Economy

Adapt or perish: UN calls for urgent action at COP29 climate summit

07 november 2024 - 12:44:46
Cairo, Egypt (PANA) - Come hell or high water, nations must urgently scale up climate adaptation efforts, the UN Environment [...] Full text...

thread Environment

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

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

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

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

Brighter future: The power of energy access to end poverty: World Bank Blog By Victoria Kwakwa, World Bank Vice President, Eastern and Southern Africa

21 october 2024 - 07:17:22
Kinshasa, DR Congo (PANA) - For this year's End Poverty Day, I want to highlight one of the most pressing [...] Full text...

thread Society

Egypt certified malaria-free by WHO

20 october 2024 - 19:52:50
Geneva, Switzerland (PANA) - The World Health Organization (WHO) has certified Egypt as malaria-free, marking a significant public health milestone [...] Full text...

thread Society

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

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

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

Artificial Intelligence can make markets more efficient—and more volatile: IMF Blog By Nassira Abbas, Charles Cohen, Dirk Jan Grolleman, and Benjamin Mosk

16 october 2024 - 11:02:06
Washington, DC, United States (PANA) - More efficient or more volatile? The adoption of the latest iterations of artificial intelligence [...] 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

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

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

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

IMF, WB, WHO step up cooperation on pandemic preparedness

06 october 2024 - 05:59:49
Washington, DC, US (PANA) - The Heads of the International Monetary Fund (IMF), the World Bank Group (WBG), and the [...] Full text...

thread Health

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

$1.5 billion commitment for education and skills training in lower-middle-income countries

27 september 2024 - 05:59:41
New York, US (PANA) - A new $1.5 billion investment, announced on Thursday, will boost education and skills development for [...] Full text...

thread Society

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

UN Assembly President urges nations to sustain momentum from Summit of the Future

24 september 2024 - 05:23:57
New York, US (PANA) - The President of the UN General Assembly urged all nations to sustain their momentum toward [...] Full text...

thread Politics

WHO and Multilateral Development Banks kick off US $1.5 billion primary health financing platform

23 september 2024 - 20:50:32
New York, US (PANA) - Execution is starting under the new Health Impact Investment Platform on the first country health [...] Full text...

thread Society

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

12 september 2024 - 12:42:03
Cotonou, Benin (PANA) - Benin’s authorities have started crafting the 2025 budget, targeting compliance with the West African Monetary Union [...] 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

UN leads search for synergy on climate and development

07 september 2024 - 05:44:45
New York, US (PANA) - Governments, experts and civil society representatives met in Brazil this week for a UN-backed conference [...] Full text...

thread Environment

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

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

Women lead record number of central banks, but more progress is needed: IMF Blog

30 august 2024 - 05:38:07
Washington DC, United States (PANA) - Women are leading more central banks than ever before, thanks to appointments in the [...] Full text...

thread Gender

Transforming Africa: World Bank and African Development Bank unite for data-driven progress: World Bank Blog By Momar Kouta and Ravi Kumar

28 august 2024 - 13:01:11
Nairobi, Kenya (PANA) - “One of the reasons we do not share data in machine readable format is because we [...] Full text...

thread Economy

Flooding from Sudan dam collapse worsens humanitarian crisis

28 august 2024 - 04:51:51
Port Sudan, Sudan (PANA) - Around 20 villages in eastern Sudan have reportedly been “destroyed”, with 70 impacted overall, after [...] Full text...

thread Society

UN Mission in Libya convenes emergency meeting to resolve Central Bank crisis

27 august 2024 - 12:32:51
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) says it is convening an emergency meeting for [...] Full text...

thread Politics

‘Break the cycle of violence’ through prevention and peacebuilding, Security Council told

21 august 2024 - 19:49:42
New York, US (PANA) - Violence cost the world nearly $20 trillion last year, but investment in peace and conflict [...] Full text...

thread Society

Put people at the centre of urban policies, says new UN-Habitat chief

19 august 2024 - 05:11:54
Nairobi, Kenya (PANA) - The new head of the UN agency working to make cities more sustainable is optimistic about [...] Full text...

thread Society

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

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

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

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

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

UN chief to leaders of regional bloc: end wars, deal with existential crises

04 july 2024 - 15:15:26
Astana, Kazakhstan (PANA) - Deep global divisions and conflicts must end to clear a path to tackling world’s two existential [...] Full text...

thread Society

Helping female-led firms in Ethiopia become more resilient in turbulent times: World Bank Blog By Lauren Marino and Sophia Friedson-Ridenour

04 july 2024 - 06:22:17
Hawassa, Ethiopia (PANA) - On a recent Thursday afternoon, Jalene’s small coffee shop and roastery in Hawassa, Ethiopia, was enveloped [...] Full text...

thread Gender

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

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

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

Approval for the Central Bank of Libya to join the Bank for International Settlements

28 june 2024 - 17:29:47
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), al-Siddik Omar al-Kebir, Thursday discussed with the [...] Full text...

thread Economy

World Bank Group debars Ernst & Young LLP, Kenya

26 june 2024 - 18:15:04
Washington, USA (PANA) - The World Bank Group (WBG) announced on Wednesday a 30-month debarment of Kenya-based Ernst & Young [...] Full text...

thread Society

'Africa offers attractive investment opportunities for Japanese firms'

23 june 2024 - 06:33:45
Tokyo, Japan (PANA) - Dr. Kevin Kariuki, African Development Bank's (AfDB's) Vice President for Power, Energy, Climate and Green Growth, [...] Full text...

thread Economy

Easing Guinea’s food insecurity: IMF’s Food Shock Window By Pilar Garcia Martinez, Joseph Ntamatungiro, and Neree Noumon

21 june 2024 - 15:42:02
Conakry, Guinea (PANA) - IMF emergency financing has supported Guinea’s efforts to cope with the effects of macroeconomic shocks, underpinned [...] Full text...

thread Agriculture

Gold reserves management become more relevant than ever

21 june 2024 - 14:08:33
London, United Kingdom (PANA) - An increasingly complex geopolitical and financial environment is making gold reserves management more relevant than [...] 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

Central bank digital currencies can boost Middle East's financial inclusion, payment efficiency: IMF Blog By Serpil Bouza, Marcello Miccoli, Borislava Mircheva

19 june 2024 - 10:13:19
Washington, DC, United States (PANA) - Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting [...] Full text...

thread Economy

Ethiopia's first commercial gold mine to begin production in 2026

18 june 2024 - 15:34:19
Addis Ababa, Ethiopia (PANA) - Preparatory work has begun at Ethiopia's first commercial gold mine, the Tulu Kapi Gold Project, [...] Full text...

thread

AfDB sends high-level delegation to Japan to champion African investment

16 june 2024 - 06:46:57
Tokyo, Japan (PANA) - An African Development Bank (AfDB)  delegation, led by three vice presidents, will be in Japan from [...] Full text...

thread Economy

Libya. FAO discuss activation of agricultural projects

14 june 2024 - 06:10:49
Tripoli, Libya (PANA) - Libyan Deputy Minister for Economic Affair in the Government of National Unity, Saad Al-Hanich, chaired a [...] Full text...

thread Agriculture

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

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

Dollar dominance in the international reserve system: IMF Update By Serkan Arslanalp, Barry Eichengreen, and Chima Simpson-Bell

11 june 2024 - 12:56:48
Washington DC, United States (PANA) - Dollar dominance—the outsized role of the US dollar in the world economy—has been brought [...] Full text...

thread Economy

Burkina Faso: When public treasury enters the age of digital payments: World Bank Blog By Maimouna Gueye and Tenin Fatimata Dicko

11 june 2024 - 12:24:46
Ouagadougou, Burkina Faso (PANA) - Ms. Idani has worked at the Treasury for several years and is going on an [...] Full text...

thread Economy

Nigeria's national power grid, schools, banks, airports, others shut down as labour begins nationwide strike

03 june 2024 - 12:41:52
Abuja, Nigeria (PANA) – A nationwide strike called by organised labour unions in Nigeria began on Monday and has crippled [...] Full text...

thread Society

AfDB approves $117 billion general callable capital Increase

03 june 2024 - 12:29:10
Nairobi, Kenya (PANA) - The Board of Governors of the African Development Bank (AfDB) Group has approved a $117 billion [...] Full text...

thread Economy

World Bank Group and IMF deepen joint effort to scale up climate action

01 june 2024 - 08:35:56
Washington, DC, USA (PANA) - The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation [...] Full text...

thread Environment

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 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

EC adopts package of rules on anti-money laundering

30 may 2024 - 10:39:08
Brussels, Belgium (PANA) – The European Council on Thursday adopted a package of new anti-money-laundering rules that will protect European [...] Full text...

thread Society

Guinea-Bissau: Blockchain Platform to strengthen wage bill management goes live

29 may 2024 - 18:28:25
Bissau, Guinea-Bissau (PANA) - Guinea-Bissau stands up as one of the first countries in sub-Saharan Africa to use blockchain digital [...] Full text...

thread Economy

AfDB’s Chief highlights Africa as world’s best investment destination

21 may 2024 - 09:08:12
Riyadh, Saudi Arabia ( PANA) - Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the [...] Full text...

thread Economy

Libyan PM calls for greater role for banks in supporting industrial sector

20 may 2024 - 19:14:04
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al-Dbaiba, has stressed the need [...] Full text...

thread Economy

IMF proposes reforms to Libya's financial sector

14 may 2024 - 11:43:34
Tripoli Libya (PANA) - The International Monetary Fund (IMF) has noted shortcomings in the Libyan financial sector and stressed the [...] Full text...

thread Economy

IMF team, Cape Verde reach staff-level deal on ECF, RSF review

11 may 2024 - 08:20:24
Praia, Cape Verde (PANA) - An International Monetary Fund {IMF) team and the Cape Verdean authorities have reached staff-level agreement [...] Full text...

thread Economy

Examples to accelerate gender equality in Africa abound: We could apply them to Somalia: World Bank Blog By Helena Hwang, Cansu Birce Gokalp, Verena Phipps and Tanya D'Lima

10 may 2024 - 08:09:53
Mogadishu, Somalia (PANA) - In Somalia, the challenges to gender equality are complex and daunting. Only 28% of women over [...] Full text...

thread Gender

Libya, IMF focus on assessing general economic and financial situation in Libya

09 may 2024 - 16:40:21
Tripoli, Libya (PANA) - Libya and the International Monetary Fund (IMF) continued discussions Thursday as part of the Article IV [...] Full text...

thread Economy

Tunisia's sustained recovery requires quick action to take advantage of opportunities

09 may 2024 - 07:49:55
Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2023, due to a severe drought, tight financing conditions and a [...] Full text...

thread Economy

Governor, BCL and the United Nations Security Council Sanctions Committee meet over Libya

07 may 2024 - 20:00:33
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), Al-Seddik Omar al-Kebir, held a meeting via [...] Full text...

thread Economy

East Africa: UN support continues amid heavy rains, severe floods and cyclone threat

04 may 2024 - 07:44:36
Geneva, Switzerland (PANA) - The United Nations and partners continue to support authorities across East Africa as the region braces [...] Full text...

thread Society

Tanzania lauds partnership with AfDB as Tangayinka, Zanzibar celebrate union

29 april 2024 - 12:12:13
Dar es Salaam, Tanzania (PANA) - Tanzanian President, Dr. Samia Suluhu Hassan, has lauded the strong partnership with the African [...] Full text...

thread Economy

Global commodity prices level off, hurting prospects for lower inflation

25 april 2024 - 09:03:19
EMBARGOED: NOT FOR PUBLICATION UNTIL THURSDAY, APRIL 25, 2024, AT 11:00 AM UTC. Washington, United States (PANA) - Global commodity prices [...] Full text...

thread Economy

WBG/AfDB new partnership aims to connect 300 million to electricity by 2030

18 april 2024 - 06:24:19
Washington, DC, USA (PANA) – The World Bank Group (WBG) and African Development Bank (AfDB) Group are partnering on an [...] Full text...

thread Economy

Libya attends meeting of IMF's African Consultative Group

17 april 2024 - 17:21:59
Tripoli, Libya (PANA) - The governor of the Central Bank of Libya (BCL), Al-Seddik Omar Al-Kebir Wednesday took part in [...] Full text...

thread Economy

Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas

16 april 2024 - 19:43:48
Washington DC, USA (PANA) - Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing [...] Full text...

thread Economy

Central banks must remain vigilant along the last mile of disinflation: IMF Blog By Tobias Adrian

16 april 2024 - 18:23:10
Washington DC. United States (PANA) - A sense of optimism has pervaded financial markets in recent months, amid investor confidence [...] Full text...

thread Economy

Cape Verde to benefit from World Bank RAMP Trust Fund for public asset management

16 april 2024 - 17:47:38
Washington, USA (PANA) - The World Bank on Tuesday announced the Central Bank of Cape Verde (CBCV) as the second [...] Full text...

thread Society

UN leaders urge ‘wholesale reform’ of global financial architecture

16 april 2024 - 06:13:40
New York, US (PANA) - The Secretary-General and President of the General Assembly on Monday led the clarion call for [...] Full text...

thread Economy

IMF acknowledges Ghana’s strong performance under ECF arrangement

13 april 2024 - 13:32:36
Accra, Ghana (PANA) - Ghanaian authorities and officials of the International Monetary Fund (IMF) have reached staff-level agreement on economic [...] Full text...

thread Economy

Egypt seeks to raise earnings of millions working in cotton production, textile manufacturing

12 april 2024 - 11:36:04
Cairo, Egypt (PANA) – Egypt’s cotton production in marketing year (MY) 2024/25 is forecast at 310,000 bales, down 40,000 bales [...] Full text...

thread Agriculture

Rising cyber threats pose serious concerns for financial stability: IMF Blog By Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim

10 april 2024 - 09:50:47
Washington D.C., USA (PANA) - Cyber attacks have more than doubled since the pandemic. While companies have historically suffered relatively [...] Full text...

thread Economy

World Bank Group announces new approach to measuring impact

10 april 2024 - 08:16:04
Washington, D.C., USA (PANA) - The World Bank Group (WBG) is developing a new corporate scorecard that will track results [...] Full text...

thread Society

Libya rakes in nearly $6 billion in revenues for 1st quarter of 2024

09 april 2024 - 14:07:54
Tripoli, Libya (PANA) - Liya earned a total of 23.8 billion dinars (around 5.96 billion US dollars) in revenue in [...] Full text...

thread Economy

Fast-growing $2 trillion private credit market warrants closer watch: IMF Blog By Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto

08 april 2024 - 15:40:00
Washington DC, United States (PANA) - The private credit market, in which specialized non-bank financial institutions such as investment funds [...] Full text...

thread Economy

Housing is one reason not all countries feel same pinch of higher interest rates: IMF Blog By Mehdi Benatiya Andaloussi, Nina Biljanovska, Alessia De Stefani, and Rui Mano

08 april 2024 - 11:00:27
Washington, DC, United States (PANA) - Central banks have raised interest rates significantly over the past two years to combat [...] Full text...

thread Economy

World Bank demonstrates depth of its capital markets investor base with dual tranche US$ 6 billion bonds

04 april 2024 - 10:58:01
Washington, D.C., USA (PANA) -  The World Bank on Wednesday priced two Sustainable Development Bonds, raising a total of US$ [...] Full text...

thread Economy

AfDB plans massive work on DRC's giant Inga 3 dam

29 march 2024 - 13:20:12
Abidjan, Cote d'Ivoire (PANA) - African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has called for a major political [...] Full text...

thread Economy

Fiscal and financial risks of high debt, slow-growth world: IMF Blog By Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas

29 march 2024 - 13:14:00
Washington, United States (PANA) - Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term [...] Full text...

thread Economy

World Bank publishes new data to boost investment in emerging markets

29 march 2024 - 06:50:39
Washington, USA (PANA) - The World Bank Group (WBG) on Thursday published sought-after proprietary statistics that reveal the credit risk [...] Full text...

thread Economy

Strengthen central bank independence to protect the world economy: IMF Blog By Kristalina Georgieva

21 march 2024 - 11:38:41
Washington, DC, United States (PANA) - Central bankers today face many challenges to their independence. Calls are growing for interest-rate [...] Full text...

thread Economy

Breaking the debt super-cycle: IMF Blog by Atif Mian

20 march 2024 - 07:50:15
Washington DC, USA (PANA) - Dependence on credit to boost demand imperils the world economy—we must correct the underlying imbalances Nature [...] Full text...

thread Economy

More work is needed to make big banks resolvable: IMF Blog By Tobias Adrian and Marc Dobler

18 march 2024 - 19:24:45
Washington DC, USA (PANA) - Almost a year ago, Credit Suisse, a globally systemic bank with $540 billion in assets [...] Full text...

thread Economy

Decision by Libyan Speaker to tax forex transactions stirs outcry in Parliament

15 march 2024 - 12:42:26
Tripoli, Libya (PANA) - The Speaker of the Libyan House of Representatives (Parliament), Aguila Saleh, has announced  a 27% tax [...] Full text...

thread Economy

Nigeria lifts sanctions against Niger; opens land, air borders

13 march 2024 - 14:59:29
Abuja, Nigeria (PANA) – Nigerian President Bola Ahmed Tinubu has directed the opening of the country's land and air borders with [...] Full text...

thread Politics

UN chief calls for global action to defend women’s rights amid disturbing trends

11 march 2024 - 17:40:49
New York, US (PANA) - The UN Secretary-General on Monday highlighted the urgent need to defend women's rights which are [...] Full text...

thread Gender

Libyan Economy Minister and IDB Director discuss industrial location plan in Libya

08 march 2024 - 19:05:52
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade in the government of national unity, Mohamed al-Haweij, has [...] Full text...

thread Economy

Libya generates nearly $3 billion in revenues in January and February this year

06 march 2024 - 17:03:32
Tripoli, Libya (PANA) - Libya generated a total of 14.3 billion dinars (around 2.97 billion US dollars) in revenue over [...] Full text...

thread Economy

US ends economic sanctions against Zimbabwe

05 march 2024 - 09:49:14
Washington DC, US (PANA) - The US has ended debilitating economic sanctions against Zimbabwe after nearly two decades despite years [...] Full text...

thread Economy

Ghana's central bank suspends foreign exchange trading licences of GT Bank, FBNBank

05 march 2024 - 09:36:34
Accra, Ghana (PANA) - Ghana's central bank has suspended the foreign exchange trading Licences of Guaranty Trust Bank Ghana Limited [...] Full text...

thread Economy

World Bank Group prepares major overhaul to guarantee business reforms

29 february 2024 - 07:03:59
Washington, USA (PANA) - The World Bank Group on Wednesday announced a major overhaul to its guarantee business that will [...] Full text...

thread Economy

How G20 can build on the world economy’s recent resilience: IMF Blog By Kristalina Georgieva

26 february 2024 - 17:10:06
Washington DC, USA (PANA) - It’s fitting that G20 finance ministers and central bank governors will meet this week at [...] Full text...

thread Economy

ECOWAS lifts some sanctions on 4 countries under military rule

25 february 2024 - 07:56:41
Abuja, Nigeria (PANA) - The Economic Community of West African States (ECOWS) on Saturday agreed to lift some economic and [...] Full text...

thread Politics

Mali to raise CFAF 1443 billion in WAEMU public securities this year

21 february 2024 - 14:10:57
Bamako, Mali (PANA) - Last Monday, the Malian government officially launched its schedule of public securities issues for 2024, during [...] Full text...

thread Economy

World Bank Group appoints Managing Director

21 february 2024 - 08:09:29
Washington DC, USA (PANA) — The World Bank Group has announced the appointment of Wencai Zhang as Managing Director and [...] Full text...

thread Society

Kenyan mortgage lender hikes lending ceiling over rising cost of home ownership

16 february 2024 - 12:42:05
Nairobi, Kenya (PANA) - Kenya Mortgage Refinance Company (KMRC), a Central Bank of Kenya-backed lender, has raised the upper ceiling [...] Full text...

thread Economy

South African President Ramaphosa to play 'key role' at AU Summit

16 february 2024 - 11:44:43
Cape Town, South Africa (PANA) – President Cyril Ramaphosa is expected participate in several committee meetings at the 37th Ordinary [...] Full text...

thread Politics

Massive displacement as fighting surges in eastern DR Congo

15 february 2024 - 05:26:12
Kinshasa, DR Congo (PANA) - Civilians in the eastern Democratic Republic of the Congo (DR Congo) are once again bearing [...] Full text...

thread Society

Addis Ababa hosts the African Business Forum on Monday

14 february 2024 - 14:46:38
Cotonou, Benin (PANA) - The United Nations Conference Centre in Addis Ababa, Ethiopia, will Monday host the 2024 edition of [...] Full text...

thread Economy

A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today (IMF Blog By Anil Ari and Lev Ratnovski)

10 february 2024 - 08:40:09
Washington, United States (PANA) - In the early 1970s, conflict in the Middle East set off a spike in oil [...] Full text...

thread Economy

Despite seasonal tailwinds, gold fails to power its market higher

07 february 2024 - 20:07:50
Dar es Salaam, Tanzania (PANA) - Gold failed to power higher in January, despite seasonal tailwinds, after breaching record highs [...] Full text...

thread Economy

Emerging markets navigate global interest rate volatility: IMF Blog By Tobias Adrian, Fabio Natalucci, and Jason Wu

02 february 2024 - 07:04:24
Washington, United States (PANA) - Global interest rates in recent months have gone on a rollercoaster, especially those on longer-term [...] Full text...

thread Economy

Global economy approaches soft landing, but risks remain: IMF Blog By Pierre-Olivier Gourinchas

30 january 2024 - 16:54:52
Washington, United States (PANA) - The clouds are beginning to part. The global economy begins the final descent toward a [...] Full text...

thread Economy

Senior Libyan officials meet to discuss government expenditure controls for 2024

26 january 2024 - 14:13:56
Tripoli, Libya (PANA) - A meeting of senior Libyan officials here Thursday was devoted to monitoring the expenditure of the [...] Full text...

thread Economy

How to ease rising external debt-service pressures in low-income countries: IMF Blog By Allison Holland and Ceyla Pazarbasioglu

25 january 2024 - 07:47:11
Washington, United States (PANA) - As 2024 starts, the good news is that there haven’t been any notable requests by [...] Full text...

thread Economy

Burundi set for stronger economic recovery in 2024: IMF mission

23 january 2024 - 10:20:12
Bujumbura, Burundi (PANA) – A stronger economic recovery is projected in Burundi for 2024, with real GDP expanding by 4.3 [...] Full text...

thread Economy

US commercial real estate remains a risk despite investor hopes for soft landing: IMF Blog By Andrea Deghi, Fabio Natalucci, and Mahvash S. Qureshi

19 january 2024 - 07:18:15
Washington, United States (PANA) - The commercial real estate sector has been under intense pressure globally as interest rates have [...] Full text...

thread Economy

Gold hit new highs in 2023, but inflationary scares likely in 2024: World Gold Council

11 january 2024 - 07:08:08
Dar es Salaam, Tanzania (PANA) - Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed [...] Full text...

thread Economy

2023 AFCON: CAF media outlet names top 10 players to watch

06 january 2024 - 12:37:08
Cairo, Egypt (PANA) - In a few days' time, Africa will be vibrating to the rhythm of the 34th edition [...] Full text...

thread Sports

Climate crisis driving a global public health emergency: World Bank Blog By Vanessa Kerry and Mamta Murthi

05 january 2024 - 08:45:13
Washington, DC, USA (PANA) - With record-shattering high temperatures, explosive wildfires, intense drought, massive flooding, and destructive storms — no [...] Full text...

thread Health

How training and advice can speed cross-border payments and cut costs: IMF Blog By Kieran Murphy

05 january 2024 - 08:00:16
Washington DC, USA (PANA) - Faster, cheaper, and more transparent cross-border payment services have the potential to improve many lives [...] Full text...

thread Economy

UN flagship economic report highlights why global cooperation is key

05 january 2024 - 05:55:25
New York, US (PANA) - The UN’s World Economic Situation and Prospects (WESP) report for 2024 projects a slowdown in [...] Full text...

thread Economy

Burundi lifts restrictions on holding foreign currency accounts

04 january 2024 - 13:42:22
Bujumbura, Burundi (PANA) - Local and foreign non-governmental organisations (NGOs), as well as private entities receiving external support, are once [...] Full text...

thread Economy

Nexus of food, water & energy: A Key element to Egypt’s climate efforts: World Bank report

19 december 2023 - 07:16:06
Cairo, Egypt (PANA) - Egypt’s nexus of water, food and energy (NWFE) programme, launched a year ago to leverage partnerships [...] Full text...

thread Agriculture

Remittance flows continue to grow in 2023 albeit at slower pace: World Bank report

18 december 2023 - 06:52:12
Washington, United States (PANA) - Remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% in 2023, a moderation [...] Full text...

thread Economy

IMF sees near-term prospects for Algerian economy as favourable though inflation still high

15 december 2023 - 09:23:14
Algiers, Algeria (PANA) - Algeria’s economic growth is projected to reach 4.2 percent in 2023, supported by robust activity in [...] Full text...

thread Economy

Developing countries paid record $443.5 billion on public debt in 2022: World Bank report

13 december 2023 - 15:32:47
Washington, USA (PANA) - Amid the biggest surge in global interest rates in four decades, developing countries spent a record [...] Full text...

thread Economy

Sudan conflict: FAO warns of impending humanitarian catastrophe

13 december 2023 - 07:02:58
Khartoum, Sudan (PANA) - The UN Food and Agriculture Organisation (FAO) has warned that the escalating conflict in Sudan and [...] Full text...

thread Society

Guterres says 'time to build bridges' as 'forces of fragmentation’ gaining ground

10 december 2023 - 17:23:18
Doha, Qatar (PANA) - UN Secretary-General Antonio Guterres  said on Sunday that with ‘forces of fragmentation’ gaining ground now is [...] Full text...

thread Politics

Financial crimes hurt economies - must be better understood and curbed: IMF Blog By Carolina Claver, Chady El Khoury, and Rhoda Weeks-Brown

07 december 2023 - 19:10:48
Washington DC, United States (PANA) - The fight against financial crime isn’t lost, but the world needs to do more [...] Full text...

thread Economy

Central Bank of West African States raises key interest rates by 25 basis points

07 december 2023 - 15:48:03
Ouagadougou, Burkina Faso (PANA) - The Central Bank of West African States (BCEAO) has raised the bank's key rate by [...] Full text...

thread Economy

World Bank debars Multi-Tech Consult (PTY) Ltd. and its Tanzanian managing director

07 december 2023 - 06:57:20
Washington, DC, USA (PANA) - The World Bank has announced the 42-month debarments of Botswana-based Multi-Tech Consult (PTY) Ltd. (MTC), [...] Full text...

thread Society

Food price inflation globally exceeds overall inflation in developing regions: WB report

05 december 2023 - 07:56:16
Dar es Salaam, Tanzania (PANA) - Domestic food price inflation remains high globally and 61.9% of low-income countries have experienced [...] Full text...

thread Economy

COP28: Clean cooking for all Africans is possible, say world leaders

04 december 2023 - 12:56:10
Dubai, UAE (PANA) - Leaders from around the world have declared their commitment to provide clean cooking energy by 2032 [...] Full text...

thread Environment

COP28: African countries join pioneering global battery energy storage consortium

03 december 2023 - 17:51:57
Dubai, UAE (PANA) - Several African countries have formally expressed interest to join the ground-breaking Battery Energy Storage Systems (BESS) [...] Full text...

thread Economy

COP28: New programme to protect millions from rising climate-related deaths, illnesses

03 december 2023 - 11:32:24
Dubai, UAE (PANA) - The World Bank announced on Sunday at COP28 a new Climate and Health Programme to urgently [...] Full text...

thread Health

Kenya set to overhaul refugee policy, to change camps into urban centres

30 november 2023 - 18:21:21
Nairobi, Kenya (PANA) - Kenya is planning to designate major refugee camps as urban centres and municipalities once a draft [...] Full text...

thread Politics

COP28: OACPS and EU reaffirm commitment to implement Paris Agreement

30 november 2023 - 12:46:50
Brussels, Belgium (PANA) - The 27 Member States of the European Union and the 79 Members of the Organisation of [...] Full text...

thread Environment

World Economic Forum: US $13.5 trillion investment needed to fast-track decarbonisation for fossil fuel dependent industries

28 november 2023 - 11:28:47
Geneva, Switzerland (PANA) - Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by [...] Full text...

thread Economy

World Needs More Policy Ambition, Private Funds, and Innovation to Meet Climate Goals: IMF Blog By Simon Black, Florence Jaumotte, and Prasad Ananthakrishnan

28 november 2023 - 08:36:04
Washington DC, United States (PANA) - With each passing year, the stark reality of a hotter planet becomes clearer and [...] Full text...

thread Environment

Guterres urges G20 to lead the way in financial and climate justice

22 november 2023 - 20:45:18
New York, US (PANA) - At a time when people are hurting and the planet is burning, the world’s advanced [...] Full text...

thread Environment

ECOWAS bank gives Nigerian bank $50 million loan for SMEs

22 november 2023 - 07:30:39
Lome, Togo (PANA) - The ECOWAS Bank for Investment and Development (EBID) has signed an  agreement with WEMA Bank Plc, [...] Full text...

thread Economy

Central Bank Digital Currency development enters next phase: IMF Blog (By Tobias Adrian, Dong He, Tommaso Mancini-Griffoli, and Tao Sun)

21 november 2023 - 17:23:49
Washington DC, United States (PANA) - Central bank digital currencies can improve payment systems as well as financial inclusion—if they [...] Full text...

thread Economy

IMF completes final review of Sierra Leone’s ECF arrangement

21 november 2023 - 13:04:55
Freetown, Sierra Leone (PANA) - Sierra Leone has secured US$20.7 million under the Extended Credit Facility (ECF) of the International [...] Full text...

thread Economy

2023 FIFA U-17 WC: Joan Tincres bags brace in 3-0 victory over USA as France sustain perfect record

18 november 2023 - 14:35:52
Jakarta, Indonesia (PANA) - Joan Tincres was at the double as France made sure of top spot in Group E [...] Full text...

thread Sports

Europe’s wage rises aiding recovery but economies face risks: IMF Blog By Chikako Baba, Ben Park, Ippei Shibata, and Sebastian Weber

09 november 2023 - 07:24:35
Brussels, Belgium (PANA) - Europe’s economic recovery is getting a much-needed boost from rising wages and higher incomes. But in [...] Full text...

thread Economy

G20 economies should turn to reforms to improve growth amid policy tightening: IMF Blog By JaeBin Ahn, Nicolas Fernandez-Arias, and Neil Meads

07 november 2023 - 20:15:45
Washington, DC, United States (PANA) - Most Group of Twenty economies are likely to keep monetary policy appropriately tight to [...] Full text...

thread Economy

Build capacity to expand access for all to housing finance in West Africa: World Bank Blog By Mazen Bouri

07 november 2023 - 20:13:55
Dakar, Senegal (PANA) - In West Africa, houses are built brick by brick, room by room, with the pace of [...] Full text...

thread Economy

Scaling innovation: Expanding We-Fi's digital cash flow product across Africa – World Bank Blog By Siegfried Zottel and Sean Ding

03 november 2023 - 18:26:11
Accra, Ghana (PANA) - Imagine being seated across from a loan officer in a bank, stepping into the shoes of [...] Full text...

thread Gender

Comorian authorities, IMF staff reach deal on economic policies and reforms

02 november 2023 - 13:58:16
Moroni, Comoro (PANA) – The Comoros’ expected growth in 2023 reflects an ongoing rebound in economic activity, says the International [...] Full text...

thread Economy

Zimbabwe requires strong reform efforts to prop up post-COVID economic recovery: IMF

26 october 2023 - 06:49:50
Harare, Zimbabwe (PANA) - Zimbabwe’s economy has continued its post-COVID recovery, but enhancing its longer-term growth potential would require strong [...] Full text...

thread Economy

World Bank, Islamic Development Bank partnering to drive impact

25 october 2023 - 07:01:49
Riyadh, Saudi Arabia (PANA) - The World Bank unveiled a new partnership with the Islamic Development Bank on Tuesday to [...] Full text...

thread Economy

UN chief 'horrified' by strike on Gaza hospital, as warring sides blame each other

18 october 2023 - 07:01:05
Cairo, Egypt (PANA) - The UN Secretary-General said he was horrified by the killing of hundreds of civilians following a [...] Full text...

thread Politics

New look at global banks highlights risks from higher-for-longer interest rates: IMF Blog by Charles Cohen, Srobona Mitra, Fabio Natalucci

17 october 2023 - 10:18:02
Washington DC, United States (PANA) - Central banks could keep interest rates higher for longer as they fight to curb [...] Full text...

thread Economy

Current El Niño likely to affect food security in several African countries

17 october 2023 - 07:30:02
Dar es Salaam, Tanzania (PANA) –  Heads of international organisations have urged countries to balance short-term urgent interventions with longer-term [...] Full text...

thread Agriculture

Nigeria: Nigeria secures $1.5bn zero-interest World Bank loan

16 october 2023 - 20:32:12
Abuja, Nigeria (PANA) – Nigeria’s Federal Executive Council (FEC) met on Monday with the Minister of Finance and Coordinating Minister [...] Full text...

thread Economy

Heads of MDBs Group vow to beef up collaboration for greater impact

15 october 2023 - 18:57:23
Marrakech, Morocco (PANA) – Admitting that the world faces a global “polycrisis” affecting human and economic development at an unprecedented [...] Full text...

thread Economy

Governor of Central Bank of Libya attennds IMF's annual meetings in Morocco

14 october 2023 - 15:11:24
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), al-Seddik al-Kebir, took part on Friday in [...] Full text...

thread Economy

World Bank announces historic collaboration between Multilateral Development Banks

14 october 2023 - 09:20:26
Marrakech, Morocco (PANA) - The World Bank is bolstering its collaboration with nine Multilateral Development Banks (MDBs) to fasttrack solutions [...] Full text...

thread Economy

'Multilateral Development Banks delivered record climate finance to low-, middle-income economies in 2022'

13 october 2023 - 08:39:45
Marrakesh, Morocco (PANA) - Climate finance by Multilateral Development Banks (MDBs) for low- and middle-income economies reached a new record [...] Full text...

thread Environment

Higher-for-longer interest rate environment is squeezing more borrowers: IMF Blog By Tobias Adrian

11 october 2023 - 08:00:15
Washington, DC, United States (PANA) - The world’s central banks have unleashed the steepest series of interest-rate increases in decades [...] Full text...

thread Economy

Resilient global economy still limping along, with growing divergences: IMF Blog By Pierre-Olivier Gourinchas

10 october 2023 - 15:34:50
Washington DC, United States (PANA) - The global economy continues to recover from the pandemic, Russia’s invasion of Ukraine and [...] Full text...

thread Economy

Decline in oil output likely to upset Equatorial Guinea’s recovery prospects

07 october 2023 - 09:38:44
Malabo, Equatorial Guinea (PANA) - Economic indicators in 2022 registered improvements after a long recession in Equatorial Guinea as real [...] Full text...

thread Economy

Kenya signs agreement with AfDB to host 2024 Annual Meetings

06 october 2023 - 16:08:14
Nairobi, Kenya (PANA) – The African Development Bank (AfDB) has signed an agreement with the Kenyan government for the hosting [...] Full text...

thread Economy

Fuel and foreign exchange shortages impede economic growth in Burundi

05 october 2023 - 14:24:08
Bujumbura, Burundi (PANA) - While the Burundian economy continues to recover, economic buoyancy is impeded by shocks and multifaceted challenges [...] Full text...

thread Economy

IMF staff affirm tourism flows normalising the Seychelles economy

04 october 2023 - 07:23:34
Victoria, Seychelles (PANA) - Recovery of the Seychellois economy continues as tourism flows normalise and economic activity moves closer to [...] Full text...

thread Economy

Emerging economies need much more private financing for climate transition: IMF Blog

03 october 2023 - 17:18:43
Washington DC, United States (PANA) - Achieving the transition to net-zero emissions by 2050 requires substantial climate mitigation investment in [...] Full text...

thread Environment

Gambia and AfDB to boost rice output, uplift youth and women entrepreneurs

03 october 2023 - 14:02:30
Banjul, Gambia (PANA) - The Gambia and African Development Bank Group efforts to boost rice output and uplift youth and [...] Full text...

thread Agriculture

AfDB, AMEA Power, IFC and SEFA launch first large-scale privately-financed solar project in Tunisia

28 september 2023 - 16:55:04
Tunis, Tunisia (PANA) - The African Development Bank (AfDB) and the Sustainable Energy Fund for Africa (SEFA), in partnership with [...] Full text...

thread Economy

AfDB offers fairer global financial architecture with beneficial development for Africa

26 september 2023 - 05:26:24
New York, U.S. (PANA) - The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has said the global financial architecture [...] Full text...

thread Economy

Tragedy is unfolding in poorest countries: World Bank Blog

23 september 2023 - 10:03:24
Washington DC, United States (PANA) - The world’s 28 poorest countries are facing growing social, economic, and political distress, owing [...] Full text...

thread Society

Fragile states need customised support to strengthen institutions: IMF Blog

23 september 2023 - 08:51:05
Washington DC, United States (PANA) - In the most vulnerable countries, strengthening state capacity must adapt to more frequent economic [...] Full text...

thread Economy

UNGA78: UN General Assembly adopts declaration to accelerate SDGs

18 september 2023 - 17:06:48
New York, US (PANA) - Now is the time for a global plan to rescue the Sustainable Development Goals (SDGs) [...] Full text...

thread Politics

GERD: Ethiopian PM announces successful final filing of controversial dam

11 september 2023 - 06:28:35
Addis Ababa, Ethiopia (PANA) - Ethiopian Prime Minister Abiy Ahmed on Sunday announced the successful fourth and final filling of [...] Full text...

thread Economy

Come together ‘for the common good’, UN chief urges G20 leaders

08 september 2023 - 19:41:32
New Delhi, India (PANA) - UN Secretary-General António Guterres has arrived in New Delhi for the annual G20 summit with [...] Full text...

thread Politics

Money laundering poses risk to financial sector stability: IMF Blog (By Pierre Bardin, Antoine Bouveret, Grace Jackson, Maksym Markevych)

06 september 2023 - 10:02:42
Washington DC, US (PANA) - Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a [...] Full text...

thread Economy

IEA, AfDB to launch Joint Report on Financing Clean Energy in Africa

02 september 2023 - 11:37:31
Nairobi, Kenya (PANA) - The International Energy Agency (IEA) and the African Development Bank (AfDB) Group will launch the pioneering [...] Full text...

thread Environment

Botswana registers strong recovery, plans fiscal expansion in 2023

31 august 2023 - 16:41:59
Gaborone, Botswana (PANA) - Botswana’s growth is expected to slow to 3.8 per cent in 2023 due to a projected [...] Full text...

thread Economy

Historic $650bn liquidity boost continues to benefit global economy: IMF Blog

31 august 2023 - 11:19:13
Washington DC, US (PANA) - In a world shaken by multiple shocks affecting many countries—pandemics, wars, food and energy crises, [...] Full text...

thread Economy

Sudan crisis: Govt revokes diplomatic passports held by militia leaders, allies

27 august 2023 - 18:36:06
Khartoum, Sudan (PANA) - The Sudanese government has taken its fight with the paramilitary Rapid Support Forces (RSF) to the [...] Full text...

thread Politics

Sudan crisis: UN concerned about spread of fighting to more regions

20 august 2023 - 18:14:09
Khartoum, Sudan (PANA) - The United Nations on Sunday expressed concern about the recent increase in military confrontations between the [...] Full text...

thread Society

Niger coup: Military leader Gen. Tchiani speaks of three-year transition, as junta digs in

20 august 2023 - 12:33:55
Niamey, Niger (PANA) - Niger's military junta is digging in even after meeting a delegation of the Economic Community of [...] Full text...

thread Politics

Niger coup: ECOWAS delegation arrives in Niger

19 august 2023 - 18:22:49
Niamey, Niger (PANA) - A delegation from the Economic Community of West African States (ECOWAS) arrived in the Niger capital, [...] Full text...

thread Politics

Turning on water taps for half a million people in Mozambique’s capital ( A World Bank feature)

16 august 2023 - 09:18:49
Maputo, Mozambique (PANA) - The Greater Maputo Area faced a severe water crisis and did not have enough water to [...] Full text...

thread Society