COP29: Draft deal proposes wealthy nations give $250 billion in climate finance
23 november 2024 - 05:07:03Baku, Azerbaijan (PANA) - A new draft finance deal delivered to harried negotiators in Baku on Friday – the final [...] Full text...
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Breaking news
- Agriculture
AfDB approves €24 million loan to Côte d’Ivoire to improve fisheries and aquaculture sectors
- Culture
Senior US diplomat participates in Dakar Biennale
- Economy
US, Mauritania hold energy security dialogue
- Environment
Global plastics treaty: UN experts call for centrality of human rights
- Gender
One in three women experiences gender-based violence
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Mpox outbreak still public health emergency of international concern - WHO
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Ugandan Military Court to try opposition leader Besigye
- Press Review
Lessons of Hamas operation against Israel, - Libyan newspaper,
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The promise and peril of runaway technological advances
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Libya chairs Arab discussion group at mine action session
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2024 deadliest year ever for aid workers, UN humanitarian office reports
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2024 CAF Women’s AFCON: Group pairings revealed after draw
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Baku, Azerbaijan (PANA) - A new draft finance deal delivered to harried negotiators in Baku on Friday – the final [...] Full text...
IMF mission concludes visit to Egypt on review of Extended Fund Facility
21 november 2024 - 08:47:30Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...
thread Economy
Debt burden stifles development spending in Africa's poorer countries
19 november 2024 - 15:44:43Addis Ababa, Ethiopia (PANA) - Africa’s rising debt burden is eroding funding for sustainable development in poor countries, impacting heavily [...] Full text...
thread Economy
Norway announces early pledge to IDA21 during G20 Summit in Rio de Janeiro
19 november 2024 - 07:09:14Rio de Janeiro, Brazil (PANA) - In a significant move to bolster global development efforts, Norway has announced its early [...] Full text...
thread Economy
IMF, Comoros reach staff-level agreement on third review of ECF arrangement
16 november 2024 - 10:25:28Moroni, Comoros (PANA) - Comorian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on economic policies [...] Full text...
thread Economy
COP29: World Bank expands lifeline to small States hit by disasters
13 november 2024 - 08:16:53Baku, Azerbaijan (PANA) - The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing [...] Full text...
thread Environment
IMF, Zambia strike deal on 4th review of Extended Credit Facility
12 november 2024 - 11:49:13Lusaka, 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 - 11:05:01Niamey, Niger (PANA) - Niger’s economic outlook is favourable over the near term, with growth projected at 8.8 percent this [...] Full text...
thread Economy
Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans
09 november 2024 - 09:56:14Washington 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 - 08:16:18Washington, 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 - 07:47:03Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) and Guinea Bissau have reached staff-level agreement on economic policies [...] Full text...
thread Economy
Deadly weather events show cost of climate inaction
08 november 2024 - 06:04:47Baku, Azerbailan (PANA) - Record-breaking floods in Spain, violent storms in Florida and wildfires in South America – these are [...] Full text...
thread Environment
Gambia, IMF reach staff-level agreement on second review of ECF arrangement
05 november 2024 - 07:26:28Banjul, Gambia (PANA) – International Monetary Fund (IMF} staff and the Gambian authorities have reached a staff-level agreement on economic [...] Full text...
thread Economy
COP 29: Richer countries must commit to pay at COP29 as climate change forcibly displaces millions across Africa
04 november 2024 - 11:31:56Dakar, Senegal (PANA) - With millions of people already displaced by climate change disasters in Africa, the richer countries most [...] Full text...
thread Environment
IMF Executive Board approves US$248.5 million for Sierra Leone
01 november 2024 - 07:33:51Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday concluded the 2024 Article [...] Full text...
thread Economy
IMF staff conclude Article IV discussions with Somalia
01 november 2024 - 07:12:01Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...
thread Economy
More than 250 million children still out of school worldwide, UNESCO reports
01 november 2024 - 06:35:25Paris, France (PANA) - Despite decades of educational progress and international commitments, a quarter of a billion children and youth [...] Full text...
thread Society
IMF concludes reviews with Kenya
31 october 2024 - 08:19:16Washington, DC,US (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded today the seventh and the eighth [...] Full text...
thread Economy
Development Committee praises WBG resolve to contain Mpox pandemic in Africa
26 october 2024 - 16:54:11Washington, DC, United States (PANA) – The World Bank Group’s Development Committee has welcomed the steps taken by the institution [...] Full text...
thread Health
US Administration decides continuation of sanctions against Sudan
26 october 2024 - 16:52:58Port Sudan, Sudan (PANA) - United States President Joe Biden has announced Continuation of the National Emergency with respect to [...] Full text...
thread Politics
Togo advances reforms, pursues sound economic policies: IMF
25 october 2024 - 12:30:38Lomé, 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 - 11:09:16Washington, DC, United States (PANA) - The global economy is in danger of getting stuck on a low-growth, high-debt path, [...] Full text...
thread Economy
Spain announces early commitment of €400 million to IDA, nearly 40% increase in pledge
24 october 2024 - 17:55:28Washington, DC, United States (PANA) - Spain has announced an early financial commitment of €400 million to the International Development [...] Full text...
thread Economy
World Bank Group announces strategic pivot in agribusiness, doubles financial commitment
24 october 2024 - 06:57:43Washington, DC, United States (PANA) - The World Bank Group on Wednesday announced a strategic pivot in its approach to [...] Full text...
thread Economy
Global financial fragilities mount despite rate cuts and buoyant markets: IMF Blog By Tobias Adrian, Sheheryar Malik, and Jason Wu
23 october 2024 - 10:10:27Washington, 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 - 08:51:42Kigali, Rwanda (PANA) – International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies needed [...] Full text...
thread Economy
US, Zambia sign agreement to catalyse growth in agricultural sector
21 october 2024 - 06:01:30Washington, 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 - 14:53:14Washington, DC, United States (PANA) - Uncertainty is not as easily measured as traditional indicators like growth or inflation, but [...] Full text...
thread Economy
IMF completes first review of Ethiopia’s ECF arrangement, allows $340.7 million disbursement
19 october 2024 - 08:43:02Addis Ababa, Ethiopia (PANA) – The International Monetary Fund (IMF) Board on Friday completed the first review under the Extended [...] Full text...
thread Economy
Senior official underscores UN support for Somalia
19 october 2024 - 05:54:38Mogadishu, Somalia (PANA) - The UN political affairs chief concluded a two-day visit to Somalia on Friday where she reaffirmed [...] Full text...
thread Politics
A Pact for the world’s poorest
18 october 2024 - 18:43:08By Deodat MaharajManaging Director, United Nations Technology Bank for Least Developed Countries New York, US (PANA) - Last month, world leaders [...] Full text...
thread Economy
IMF team assesses Senegal’s finance inspectorate reports
17 october 2024 - 12:26:35Dakar, 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 - 12:08:39Lusaka, 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 - 10:11:01Abuja, Nigeria (PANA) - Since May 2023, Nigeria has implemented significant reforms to stabilise its economy, resulting in modest growth, [...] Full text...
thread Economy
Global public debt Is probably worse than it looks: IMF Blog By Era Dabla-Norris, Davide Furceri, Raphael Lam, and Jeta Menkulasi
16 october 2024 - 11:04:22Washington, DC, United States (PANA) - Global public debt is very high. It is expected to exceed $100 trillion, or [...] Full text...
thread Economy
Ending poverty for half the world could take more than a century: WB Report
15 october 2024 - 13:06:58EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, OCT. 15, 2024 AT 9:30 AM EDT WHICH IS 1:30 PM [...] Full text...
thread Society
The Chief Economists of Government Network supporting the role of Africa’s chief economic advisors: World Bank Blog By Trudi Makhaya
15 october 2024 - 06:58:53Lusaka, 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 - 04:49:41New York, US (PANA) - To meet the 2030 Agenda for Sustainable Development, the UN General Assembly President on Monday [...] Full text...
thread Politics
World Bank economic update proposes policy options to promote Gabon’s forest conservation
14 october 2024 - 15:03:26Libreville, 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 - 14:42:34Washington, DC, United States (PANA) - Despite signs of a fragile economic recovery, Sub-Saharan Africa, remains stuck in “low gear” [...] Full text...
thread Society
Poorest economies face toughest conditions in two decades
14 october 2024 - 07:49:01Washington, DC, United States (PANA) - The world’s 26 poorest economies—home to about 40 percent of all people who live [...] Full text...
thread Economy
When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier
12 october 2024 - 14:23:40Washington 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 - 12:02:05Banjul, 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 - 11:38:27Abidjan, 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 - 11:13:20London, 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 - 06:22:46Freetown, Sierra Leone (PANA) - Sierra Leone's economy grew by 5.7% in 2023, exceeding expectations, driven by strong performance in [...] Full text...
thread Economy
In plain view: Solutions to turbocharge the agrifood system transition: World Bank Blog By Sergiy Zorya, Joshua Gill, Alexandra Horst and Francis Addeah Darko
07 october 2024 - 07:17:30Dar es Salaam, Tanzania (PANA) - Momentum is growing for real food systems change at a scale never seen before. [...] Full text...
thread Agriculture
IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility
04 october 2024 - 13:00:46Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...
thread Economy
Implementation gaps hinder business climate in 50 economies: WBG report
03 october 2024 - 15:32:24Washington, DC, United States (PANA) - Economies do better at enacting regulations to improve the national business climate than they [...] Full text...
thread Economy
South Sudan faces macroeconomic challenges resulting from endless war in neighbouring Sudan: IMF team
02 october 2024 - 18:12:48Juba, South Sudan (PANA) – South Sudan continues to face several difficult macroeconomic challenges, partly resulting from the spillovers of [...] Full text...
thread Economy
Subdued outlook constrains Eswatini’s ability to respond to social needs: IMF
01 october 2024 - 07:53:37Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...
thread Economy
Djibouti's economy shows strong growth in 2023 despite fiscal challenges
30 september 2024 - 10:19:49Djibouti, 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 - 04:43:01Washington, 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 - 10:06:01Monrovia, Liberia (PANA) - The Board of the International Monetary Fund (IMF) has approved US$210 million as an Extended Credit [...] Full text...
thread Economy
Stop global warming to turn the tide on sea level rise: UN Assembly President
26 september 2024 - 05:54:04New York, US (PANA) - With global sea level rising faster than at any time over the last 3,000 years, [...] Full text...
thread Environment
World Economic Forum: Chief economists point to stabilising outlook but warn on debt and political polarisation
25 september 2024 - 12:01:52Geneva, Switzerland (PANA) - Easing inflation and strong global commerce are fuelling cautious optimism for recovery but elevated debt levels [...] Full text...
thread Economy
Somalia navigates progress amidst persistent challenges
25 september 2024 - 07:58:45Mogadishu, Somalia (PANA) - Somalia has made significant macroeconomic strides in recent years, but these gains have yet to translate [...] Full text...
thread Society
Guterres urges world leaders to 'stay committed' to UN development goals
25 september 2024 - 05:53:12New York, US (PANA) - UN Secretary-General António Guterres called on Tuesday for finance, climate action and peace to achieve [...] Full text...
thread Politics
‘If we act together,’ we can overcome global challenges – UN Assembly President
25 september 2024 - 05:40:05New York, US (PANA) - The President of the UN General Assembly, Philémon Yang, said on Tuesday that the annual [...] Full text...
thread Politics
World Bank report emphasises urgent need for Zambia to boost revenue mobilisation
24 september 2024 - 07:55:34Lusaka, Zambia (PANA) - A new Public Finance Review (PFR) report has stressed the urgent need for Zambia to boost [...] Full text...
thread Economy
New, bold ideas thrive towards the UN Summit of the Future
22 september 2024 - 07:29:32New York, US (PANA) - Hundreds of youth, celebrities and world leaders converged at UN Headquarters in New York on [...] Full text...
thread Politics
Sierra Leone, IMF reach staff-level deal on new ECF arrangement
21 september 2024 - 09:27:33Freetown, Sierra Leone (PANA) - The International Monetary Fund (IMF) staff and the Sierra Leonean authorities have reached a staff-level [...] Full text...
thread Economy
UN deputy chief urges leaders to increase innovation amid global crises
20 september 2024 - 06:17:56New York, US (PANA) - As world leaders gather at the UN for the Summit of the Future and the [...] Full text...
thread Politics
UNAIDS: Rising debt in sub-Saharan Africa costing lives
20 september 2024 - 06:05:03New York, US (PANA) - A report by UNAIDS has detailed how debt crisis is jeopardising progress aimed at ending [...] Full text...
thread Health
‘Create a future fit for our grandchildren’, Guterres urges, ahead of game changer Summit
19 september 2024 - 06:09:41New York, US (PANA) - Countries must use a once-in-a-generation UN summit to address current and emerging global challenges and [...] Full text...
thread Politics
Political parties of all stripes are pushing for higher government spending: IMF Blog By Era Dabla-Norris, Enrico Di Gregorio, and Yongquan Cao
17 september 2024 - 10:49:24Washington, DC, United States (PANA) - Conservative politics has traditionally been defined by its emphasis on fiscal prudence and the [...] Full text...
thread Politics
How to Awaken Europe's Private Sector and Boost Economic Growth: IMF Blog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer
12 september 2024 - 10:09:07Washington, DC, United States (PANA) - In the European Union, income per person, one of the main gauges of living [...] Full text...
thread Economy
IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient
11 september 2024 - 10:34:26Gaborone, Botswana (PANA) – Due to a diamond market contraction, Botswana’s economic growth is expected to slow to 1 percent [...] Full text...
thread Economy
IMF praises Uganda’s economic recovery efforts with low inflation
10 september 2024 - 08:18:23Kampala, Uganda (PANA) - Uganda has navigated the post pandemic recovery well due to sound macroeconomic policies and its economic [...] Full text...
thread Economy
UN chief Guterres underlines support for China-Africa partnership
05 september 2024 - 13:03:22Beijing, China (PANA) - Joint efforts by China and Africa can spark new momentum for development on the continent, UN [...] Full text...
thread Economy
Product market reforms, improved business environment essential vital for South Africa’s trade: IMF
05 september 2024 - 12:36:43Pretoria, 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 - 11:21:07Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment [...] Full text...
thread Economy
Public debt bubble balloons to historic $97 trillion
05 september 2024 - 05:35:15Geneva, Switzerland (PANA) - Global public debt has nearly doubled since 2010, reaching a historic $97 trillion in 2023, according to [...] Full text...
thread Economy
Strengthening fiscal resilience in small states: World Bank Blog By Sam Hill and Jeetendra Khadan
04 september 2024 - 12:05:32Washington DC, United states (PANA) - Small states, those with a population of 1.5 million or less, face significant fiscal [...] Full text...
thread Economy
Financial sector at crossroads in emerging markets: Climate risks and financing gaps demand action
30 august 2024 - 06:55:38Washington, DC, United States (PANA) - In almost 60% of banks in Emerging Market and Developing Economies (EMDEs), lending for [...] Full text...
thread Economy
IMF approves US$7.3 million disbursement to Guinea Bissau
29 august 2024 - 12:31:51Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) has allowed an immediate disbursement of US$7.3 million to help [...] Full text...
thread Economy
Bridging the financing gap: Achieving Education for All in Zambia: World Bank Blog By Samer Al-Samarrai, Girma Woldetsadik and Joseph Simumba
22 august 2024 - 07:46:56Lusaka, Zambia (PANA) - The government of Zambia has laid out an ambitious plan to universalize primary and secondary education. [...] Full text...
thread Society
Links between weak governance and unsustainable debt in IMF loan programmes require action
14 august 2024 - 14:52:00Washington, DC, United States (PANA) – A new white paper from Transparency International U.S. (“TI US”) examines links between weak [...] Full text...
thread Society
Bold fiscal reforms can unlock Cameroon’s full potential
06 august 2024 - 16:47:46Yaoundé, Cameroon (PANA) - The World Bank on Tuesday launched two flagship economic reports: the 2024 Cameroon Economic Update and [...] Full text...
thread Economy
Now is the time to help countries faced with liquidity challenges: IMF Blog By Ceyla Pazarbasioglu and Pablo Saavedra
01 august 2024 - 17:00:50Washington, United States (PANA) - Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring [...] Full text...
thread Economy
Somalia taps World Bank support to promote economic resilience
31 july 2024 - 07:50:28Mogadishu, 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 - 11:47:18Washington, 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 - 07:46:40Cairo, 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 - 18:03:28Addis 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 - 11:09:11Mbabane; 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 - 11:07:04Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...
thread Economy
Malawi Economic Monitor calls for urgent, sustained reforms for faster, more inclusive growth
25 july 2024 - 07:40:09Lilongwe, Malawi (PANA) - Malawi’s current economic difficulties require a combination of immediate response measures and urgent reforms to address [...] Full text...
thread Economy
A low-growth world is an unequal, unstable world (By Kristalina Georgieva, IMF Managing Director)
24 july 2024 - 09:20:08Washington, DC, United States (PANA) - The global economy is stuck in low gear, which could deal a major blow [...] Full text...
thread Economy
UN leaders urge ‘maximum political will’ to rescue SDGs
23 july 2024 - 06:46:44Addis Ababa, Ethiopia (PANA) - Top UN officials on Monday called for urgent reforms to the international financial system to [...] Full text...
thread Politics
IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund
17 july 2024 - 19:16:07Washington, DC, United States (PANA) - International Monetary Fund (IMF) Managing Director, Kristalina Georgieva announced on Wednesday that Deputy Managing [...] Full text...
thread Society
Getting back on track to meet the first Sustainable Development Goal: World Bank Blog By Luis Felipe López-Calva
16 july 2024 - 17:58:21Washington 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 - 17:45:18Washington 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 - 07:50:01Accra, 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 - 06:07:03New York, US (PANA) - The UN Deputy Secretary-General on Monday urged global leaders to redirect resources from warfare to [...] Full text...
thread Society
Diamond market contraction slows down Botswana’s growth
13 july 2024 - 11:17:19Gaborone, Botswana (PANA) - Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a [...] Full text...
thread Economy
UN Trade and Development calls for sustainable and equitable strategies to mitigate digital economy’s growing environmental impact
12 july 2024 - 19:07:48Geneva, 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 - 12:03:00Tripoli, Libya (PANA) - Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have [...] Full text...
thread Economy
UN chief calls for ‘dramatic shift’ to transform education worldwide
11 july 2024 - 18:01:28New York, US (PANA) - The global crisis in education needs a “dramatic shift” to shape a more peaceful, sustainable [...] Full text...
thread Society
World Bank opens fiscal year 2025 funding programme with GBP 750 million 7-year benchmark
11 july 2024 - 07:02:02Washington, D.C., United States (PANA) - The World Bank has priced a 7-year British pound sterling (GBP) benchmark bond due [...] Full text...
thread Economy
Digital boom could well be a bust for the environment, warns UN trade agency
11 july 2024 - 06:27:18New York, US (PANA) - Did you know that producing a computer weighing two kilogrammes (kg) requires a staggering 800kg [...] Full text...
thread Society
IMF completes Gambia’s first review under Extended Credit Facility
10 july 2024 - 07:53:35Banjul, Gambia (PANA) - Gambia’s economic activity continues to recover robustly and its growth was estimated at 5.3 percent in [...] Full text...
thread Economy
IMF completes fourth review of Mozambique’s ECF, releases US$60.03 million budget support
09 july 2024 - 08:05:07Washington, 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 - 07:17:47Washington, DC, United States (PANA) - With the successful launch of a new data portal—the National Summary Data Page — [...] Full text...
thread Economy
IMF Executive Board holds Post-Financing Assessment Consultation with Angola
04 july 2024 - 10:10:00Washington, 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 - 12:12:54Lusaka, Zambia (PANA) - Green is the new buzzword, but what does greening industry and the financial sector mean in [...] Full text...
thread Economy
AfDB, JICA align priorities ahead of TICAD9 summit
01 july 2024 - 07:43:52Tokyo, 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 - 05:54:52New York, US (PANA) - With just six years remaining to reach the Sustainable Development Goals (SDGs), global progress is [...] Full text...
thread Politics
IMF Executive Board completes second review under Extended Credit Facility Arrangement with Ghana
29 june 2024 - 05:32:55Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review [...] Full text...
thread Economy
IMF staff completes 2024 Article IV mission to Zimbabwe
28 june 2024 - 11:03:39Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...
thread Economy
Sovereign debt restructuring process improving amid cooperation and reform: IMF Blog By Ceyla Pazarbasioglu
27 june 2024 - 10:23:36Washington, DC, United States (PANA) - The global economy avoided what could have been a systemic debt crisis during the [...] Full text...
thread Economy
IMF completes Zambia’s third review under ECF, approves access to US$569.6 million
27 june 2024 - 07:07:00Lusaka, Zambia (PANA) - The Executive Board of the International Monetary Fund (IMF) completed on Wednesday the third review of [...] Full text...
thread Economy
Fostering vibrant, inclusive private sector is key to Somalia’s resilient growth
26 june 2024 - 18:26:55Mogadishu, Somalia (PANA) - Since Somalia’s private sector accounts for an estimated 95 per cent of total jobs created, marshalling [...] Full text...
thread Economy
Remittances slowed in 2023, expected to grow faster in 2024: WB report
26 june 2024 - 18:03:31Washington, DC, United States (PANA) - After a period of strong growth during 2021-2022, officially recorded remittance flows to low- [...] Full text...
thread Economy
Update Kenya Bill: Kenyan President withdraws contentious Finance Bill, cuts State House budget
26 june 2024 - 17:35:46Nairobi, Kenya (PANA) - Kenyan President William Ruto withdrew the contentious Finance Bill 2024 on Wednesday and agreed to reduce [...] Full text...
thread Economy
Businesses resume in Kenyan capital after Tuesday's bloody violence
26 june 2024 - 16:26:04Nairobi, Kenya (PANA) - Businesses resumed on Wednesday in tense Nairobi after Tuesday's bloody violence in which protesters raided Parliament [...] Full text...
thread Politics
World Drug Day report highlights spike in drug use, increased trafficking
26 june 2024 - 13:11:39Vienna, Austria (PANA) - The UN agency tackling crime and drug abuse (UNODC) released its annual World Drug Report on [...] Full text...
thread Society
IMF/Guinea Bissau reach staff-level deal on 6th review of ECF arrangement
26 june 2024 - 09:24:52Bissau, Guinea Bissau (PANA) – Guinea Bissau authorities and staff of the International Monetary Fund (IMF have reached a staff-level [...] Full text...
thread Economy
Strong consumption, investment demand among factors boosting Côte d’Ivoire’s outlook
26 june 2024 - 08:40:56Abidjan, Côte d’Ivoire (PANA) - Côte d’Ivoire’s economy remains resilient against a still difficult global backdrop. Despite lower than expected [...] Full text...
thread Economy
IMF completes second review of CAR’s ECF arrangement, approves US$25 million credit
25 june 2024 - 12:09:39Bangui, CAR (PANA) – The International Monetary Fund (IMF) Executive Board on Monday completed the second review under the Extended [...] Full text...
thread Economy
IMF approves US$337 million from ECF and US$321 million of RSF for Madagascar
22 june 2024 - 12:16:27Antananarivo, Madagascar (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday approved a 36-month arrangement under [...] Full text...
thread Economy
IMF traces signs of macroeconomic stabilisation in Comoros
22 june 2024 - 10:20:58Moroni, Comoros (PANA) - Reforms are beginning to bear fruit in the Comoros, with visible signs of macroeconomic stabilisation. But, according [...] Full text...
thread Economy
IMF Board approves US$ 149.4 million budget support for Tanzania
21 june 2024 - 10:17:27Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has completed the third review of the Extended Credit [...] Full text...
thread Economy
Somalia expects 3.1 percent GDP growth, rebounding from drought and commodity price shocks
20 june 2024 - 17:41:57Mogadishu, Somalia (PANA) - Somalia’s economy is expected to grow at 3.1 per cent in 2023 up from 2.4 per [...] Full text...
thread Economy
Senegal’s new authorities committed to growth-friendly fiscal consolidation
20 june 2024 - 11:33:20Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has welcomed the Senegalese new authorities’ commitment to the [...] Full text...
thread Economy
Putting Africa on the path to prosperity: World Bank Blog By Ajay Banga and Mohamed Ould Ghazouani
20 june 2024 - 07:31:04Apulia, Italy (PANA) - Across the Global South, young people are yearning for opportunity and a better life. But while [...] Full text...
thread Society
Strong electric utilities critical to clean energy for all: WB report
18 june 2024 - 20:01:31Washington, DC, USA {PANA) - The majority of electric utilities in developing countries are ill-equipped to meet growing demand for [...] Full text...
thread Economy
Getting the global economy out of the slow lane: World Bank Blog By Indermit Gill and M. Ayhan Kose
17 june 2024 - 17:01:14Washington, DC, USA (PANA) - With global growth stabilizing for the first time in three years, inflation reaching a three-year [...] Full text...
thread Economy
IMF, Mozambique reach Staff-Level Agreement on Fourth Review of ECF
17 june 2024 - 09:09:39Washington, DC, US (PANA) - An International Monetary Fund (IMF) team and the Mozambican authorities have reached a staff-level agreement [...] Full text...
thread Economy
UNICEF says most African countries not allocating enough budget to education
16 june 2024 - 13:07:18Dakar, Senegal, (PANA) - The UN Children's Fund (UNICEF) says most African countries are not meeting their commitments to allocate [...] Full text...
thread Society
Burkina Faso’s recovery depends on having security under control: IMF
16 june 2024 - 11:37:40Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economic growth is projected at 5.5 percent in 2024 but remains below potential [...] Full text...
thread Economy
WHO encourages African populations to donate blood
14 june 2024 - 12:47:58Maseru, Lesotho (PANA) - Blood transfusion plays a critical role in the provision of lifesaving health care. Vulnerable people, such [...] Full text...
thread Health
AfDB strengthens capacity of fragile states on debt management
13 june 2024 - 10:36:49Addis Ababa, Ethiopia (PANA) - The African Development Bank (AfDB) Group has launched a series of training programmes to support [...] Full text...
thread Economy
Guterres highlights ‘unique level of destruction’ in Gaza ahead of G7 summit
13 june 2024 - 06:18:59Geneva, Switzerland (PANA) - UN Secretary-General António Guterres reiterated his solidarity with the people of Gaza and the global body’s [...] Full text...
thread Society
IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements
12 june 2024 - 10:21:16Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...
thread Economy
Global growth stabilizing for first time in three years
11 june 2024 - 14:02:38Washington, DC, United States (PANA) - The global economy is expected to stabilize for the first time in three years [...] Full text...
thread Economy
IMF urges South Sudan to uphold prudent macroeconomic policies
11 june 2024 - 11:55:15Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...
thread Economy
Togo keeps its economic performance robust through growth-friendly fiscal consolidation: IMF
11 june 2024 - 10:15:27Lomé, Togo (PANA) – Togo’s economic growth reached an estimated 5.6 percent in 2023, and inflation has fallen to 2.6 [...] Full text...
thread Economy
Cape Verde must invest in blue economy for growth, sustainability
10 june 2024 - 12:20:53Praia, Cape Verde (PANA) Cape Verde has shown resilience in the post- COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities [...] Full text...
thread Economy
IMF, Egypt reach staff level deal on third review of EFF arrangement
07 june 2024 - 11:10:31Cairo, Egypt (PANA) - While geopolitical tensions and their impact on Egypt remain challenging, the country’s authorities have stayed the [...] Full text...
thread Economy
AfDB taking Africa to the World
07 june 2024 - 07:47:50London, UK (PANA) - The 10th Invest Africa Debate opened in London’s prestigious Guildhall on Thursday with the president of [...] Full text...
thread Economy
São Tomé and Príncipe faces serious economic challenges: IMF
07 june 2024 - 07:20:04São Tomé, São Tomé and Príncipe (PANA) - Accelerating reforms of the energy sector is urgently needed to alleviate pressures [...] Full text...
thread Economy
Raising agricultural productivity, private sector investment can help Zambia achieve sustained and inclusive growth
06 june 2024 - 18:56:45Lusaka, Zambia (PANA) - While Zambia’s economy is still recovering from the COVID-19 pandemic and a previous recession, a new [...] Full text...
thread Economy
World Environment: There is an exit off ‘the highway to climate hell’, Guterres insists
06 june 2024 - 05:38:41New York, United States (PANA) - “It’s climate crunch time” when it comes to tackling rising carbon emissions, the UN [...] Full text...
thread Environment
IMF reaches staff-level deal on third review of Zambia’s ECF
05 june 2024 - 13:52:47Lusaka, Zambia (PANA) - The International Monetary Fund (IMF) and Zambia have reached a staff-level agreement on economic policies and [...] Full text...
thread Economy
Financiers for Ghana’s new Ship Repair Dock Project
05 june 2024 - 10:43:54Accra, Ghana (PANA) - A consortium, including the African Development Bank (AfDB), has signed an agreement to extend $94 million [...] Full text...
thread Economy
Mauritania’s economy set to attain 4.3 percent growth in 2024
05 june 2024 - 10:32:26Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...
thread Economy
Kenya’s economy exhibited robust growth in 2023 despite persistent challenges
05 june 2024 - 07:41:58Nairobi, Kenya (PANA) - Kenya’s real GDP growth accelerated to 5.6% in 2023, surpassing the previous year’s growth of 4.9%. However, [...] Full text...
thread Economy
IMF, Cameroon reach staff-level agreement on first review of ECF, RSF
04 june 2024 - 11:51:18Yaoundé, Cameroon (PANA) - The International Monetary Fund (IMF) and the Cameroonian authorities have reached a staff-level agreement on the [...] Full text...
thread Economy
Seychelles withstands climate shocks, continued volatility in external environment
04 june 2024 - 10:40:06Victoria, Seychelles (PANA) - The Seychelles economy has continued to demonstrate resilience, despite continued volatility in the external environment and [...] Full text...
thread Economy
IMF must listen to the needs of its global membership and adapt to emerging challenges: IMF Regional Perspectives By William Ruto, President of Kenya
03 june 2024 - 17:24:44Nairobi, Kenya (PANA) - For over eight decades, the International Monetary Fund (IMF) has stood as a pillar of global [...] Full text...
thread Economy
IMF, Niger reach staff-level deal on reviews of ECF and RSF
01 june 2024 - 18:05:10Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] Full text...
thread Economy
AfDB stresses need for responsible, innovative solutions for African debt management
01 june 2024 - 07:56:51Nairobi, Kenya (PANA) - It is essential to find innovative solutions for managing the debt of African countries, taking proactive [...] Full text...
thread Economy
World Bank assists Kenya to ease short-term fiscal pressures
31 may 2024 - 10:07:18Nairobi, Kenya (PANA) - The World Bank has approved new funding to help Kenya address short-term fiscal pressures and simultaneously [...] Full text...
thread Economy
World Bank supports Ghana to strengthen its financial sector
31 may 2024 - 09:44:44Accra, Ghana (PANA) - The World Bank has approved a $250 million International Development Association (IDA) credit for a five-year [...] Full text...
thread Economy
IMF Board concludes first review of ECF for Somalia
30 may 2024 - 10:06:36Mogadishu, Somalia (PANA) – The International Monetary Fund (IMF) has allowed an immediate disbursement of US$10 million to Somalia to [...] Full text...
thread Economy
Congo, IMF staff reach deal on fifth review under ECF arrangement
30 may 2024 - 08:40:40Brazzaville, Congo (PANA) – International Monetary Fund (IMF) staff has reached staff-level agreement on the Fifth Review of the Extended [...] Full text...
thread Economy
Guinea-Bissau: Blockchain Platform to strengthen wage bill management goes live
29 may 2024 - 18:28:25Bissau, 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
Global economic outlook is brightening but political risks loom large in 2024
29 may 2024 - 13:20:33Geneva, Switzerland (PANA) - The latest Chief Economists Outlook released on Wednesday presents a growing sense of cautious optimism about [...] Full text...
thread Economy
Gambia’s economy shows resilience amid global challenges - World Bank
24 may 2024 - 16:18:21Banjul, Gambia (PANA) - The Gambia's economy has shown a remarkable resilience in the face of heightened global and regional [...] Full text...
thread Economy
AfDB’s Chief highlights Africa as world’s best investment destination
21 may 2024 - 09:08:12Riyadh, Saudi Arabia ( PANA) - Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the [...] Full text...
thread Economy
Mauritius economy rebounds on back of tourism, housing construction
17 may 2024 - 08:24:36Port Louis, Mauritius (PANA) - The Mauritius economy has rebounded strongly from the pandemic on the back of buoyant tourism, [...] Full text...
thread Economy
IMF staff complete visit to Mozambique
17 may 2024 - 08:09:30Maputo, Mozambique (PANA) - An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, had discussions with the [...] Full text...
thread Economy
Global economic growth improves but ‘downsides’ lurk
17 may 2024 - 05:47:39New York, US (PANA) - The global economic picture has improved since January, but vulnerabilities remain, the mid-year update of [...] Full text...
thread Economy
IMF Executive Board approves US$8.1 million disbursement for Guinea Bissau
14 may 2024 - 07:54:18Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the fourth and fifth [...] Full text...
thread Economy
IMF team, Cape Verde reach staff-level deal on ECF, RSF review
11 may 2024 - 08:20:24Praia, Cape Verde (PANA) - An International Monetary Fund {IMF) team and the Cape Verdean authorities have reached staff-level agreement [...] Full text...
thread Economy
IMF, Zambian officials discuss economic impact of current drought
09 may 2024 - 16:11:48Lusaka, Zambia (PANA) - Zambian officials and the International Monetary Fund (IMF) staff have advanced technical work as part of [...] Full text...
thread Economy
Tunisia's sustained recovery requires quick action to take advantage of opportunities
09 may 2024 - 07:49:55Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2023, due to a severe drought, tight financing conditions and a [...] Full text...
thread Economy
IMF Executive Board approves US$71 million in Emergency Financing Support for Guinea
07 may 2024 - 05:41:13Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved a disbursement of SDR [...] Full text...
thread Economy
Gambia, IMF reach staff-level deal on first review of ECF arrangement
04 may 2024 - 11:03:47Banjul, Gambia (PANA) - The Gambian economic activity is recovering robustly as the country continues to advance its reform agenda [...] Full text...
thread Economy
Senegal maintains resilience despite economic challenges: IMF
04 may 2024 - 09:25:20Dakar, Senegal (PANA) - A team from the International Monetary Fund (IMF) has concluded a mission to Senegal affirming that [...] Full text...
thread Economy
Palestinian journalists win top press freedom prize
03 may 2024 - 05:38:10Paris, France (PANA) - The Palestinian journalists who have been covering the devastating war in Gaza were named winners of [...] Full text...
thread Society
IMF team reaches staff-level deal with Mali on rapid credit
01 may 2024 - 09:26:17Bamako, Mali (PANA) – International Monetary Fund (IMF) staff and the Malian authorities have reached a staff-level agreement on emergency [...] Full text...
thread Economy
Pioneering charter to drive up investment in Africa’s health workforce to be launched next month
29 april 2024 - 09:27:26Brazzaville, Congo (PANA) – A pioneering health investment charter, a first for the African region, is set to be launched at [...] Full text...
thread Health
African Governments falling short on healthcare funding, says rights group
29 april 2024 - 07:06:33Washington, DC, US (PANA) – African governments are falling far short in their commitments to prioritise public spending on health [...] Full text...
thread Health
General Assembly President raises alert over ‘commodity dependence’
27 april 2024 - 05:41:32New York, US (PANA) - The President of the General Assembly on Friday called for Member States and stakeholders to [...] Full text...
thread Economy
Top UN official calls for increased capital flows to developing countries
25 april 2024 - 16:33:21Addis-Ababa, Ethiopia (PANA) - UN Deputy Secretary-General Amina Mohammed has called for increased capital flows to developing countries at the [...] Full text...
thread Economy
Africa urged to meet challenges of sustainable development
23 april 2024 - 16:21:03Addis Ababa, Ethiopia (PANA) - Africa is being urged to address the critical challenges it faces, as the 10th African [...] Full text...
thread Economy
Niger sets out five priorities for Africa to achieve SDGs
23 april 2024 - 13:09:24Addis Ababa, Ethiopia (PANA) - Niger's Minister of Water, Sanitation and the Environment, Maizama Abdoulaye, has set out five priorities [...] Full text...
thread Economy
Sierra Leone needs to manage its debt on sustainable path: IMF
23 april 2024 - 10:04:28Freetown, Sierra Leone (PANA) – Despite tightened macroeconomic policies in 2023 and into the first quarter of 2024, Sierra Leone [...] Full text...
thread Economy
UN chief urges ‘surge in investment’ to overcome $4 trillion financing gap
22 april 2024 - 17:45:44New York, US (PANA) - The UN Secretary-General on Monday called for a “surge in investment” to give developing countries [...] Full text...
thread Economy
CAR struggles to stabilise economy against complex humanitarian crisis
21 april 2024 - 11:33:36Bangui, Central African Republic (PANA) – The authorities in Central African Republic (CAR) and the International Monetary (IMF) staff have [...] Full text...
thread Economy
Libyan Finance Minister meets several counterparts to demand payment of loans granted by Libya
20 april 2024 - 19:12:11Tripoli, Libya (PANA) - The Libyan Minister of Finance in the Government of National Unity, Khaled al-Mabrouk, has held several [...] Full text...
thread Economy
Sub-Saharan Africa faces turning point
20 april 2024 - 10:49:24Dar es Salaam, Tanzania (PANA) - After four turbulent years, the outlook for sub-Saharan Africa is gradually improving, according to [...] Full text...
thread Economy
UN Assembly President calls for massive investment in sustainable infrastructure
19 april 2024 - 05:26:13New York, US (PANA) - The President of the UN General Assembly on Thursday underscored the critical need for resilient [...] Full text...
thread Economy
Embrace innovation ‘to make sustainable transport a reality for all’
18 april 2024 - 05:50:20New York, US (PANA) - Reducing the transport sector’s impact on the environment while improving access to service, especially in [...] Full text...
thread Economy
Why our world needs fiscal restraint in biggest-ever election year: IMF Blog By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo
17 april 2024 - 17:37:06Washington DC, United States (PANA} - The global economic and financial outlook has improved in the last six months. Inflation has [...] Full text...
thread Economy
Libya attends meeting of IMF's African Consultative Group
17 april 2024 - 17:21:59Tripoli, Libya (PANA) - The governor of the Central Bank of Libya (BCL), Al-Seddik Omar Al-Kebir Wednesday took part in [...] Full text...
thread Economy
Tourism ‘intrinsically susceptible’ to climate shocks, political unrest, pandemic threat
17 april 2024 - 05:42:47New York, US (PANA) - The President of the UN General Assembly on Tuesday highlighted the urgent need to boost [...] Full text...
thread Economy
Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas
16 april 2024 - 19:43:48Washington 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 - 18:23:10Washington DC. United States (PANA) - A sense of optimism has pervaded financial markets in recent months, amid investor confidence [...] Full text...
thread Economy
UN leaders urge ‘wholesale reform’ of global financial architecture
16 april 2024 - 06:13:40New York, US (PANA) - The Secretary-General and President of the General Assembly on Monday led the clarion call for [...] Full text...
thread Economy
Uncertainty, amidst conflict and indebtedness, weighs on the outlook for MENA region
15 april 2024 - 17:24:02Washington, DC. USA (PANA) -- Lacklustre growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East [...] Full text...
thread Economy
Africa’s economic activity set to rebound backed by growing consumption, declining inflation
14 april 2024 - 10:42:32Dar es Salaam, Tanzania (PANA) - Economic activity is set to rebound in Sub-Saharan Africa, supported by increased private consumption [...] Full text...
thread Economy
Despite high potential, 75 vulnerable economies face ‘historic reversal’
14 april 2024 - 10:35:44EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL MONDAY, April 15, 2024, at 10:00 AM UTC. Washington DC, USA (PANA) - [...] Full text...
thread Economy
IMF acknowledges Ghana’s strong performance under ECF arrangement
13 april 2024 - 13:32:36Accra, Ghana (PANA) - Ghanaian authorities and officials of the International Monetary Fund (IMF) have reached staff-level agreement on economic [...] Full text...
thread Economy
IMF Board selects Kristalina Georgieva for second term as Managing Director
13 april 2024 - 09:52:56Washington, DC, USA (PANA) - The International Monetary Fund (IMF) has in recent years helped member countries to navigate successive [...] Full text...
thread Society
HRW says COVID pandemic data reveals threats, opportunities to improve health systems
12 april 2024 - 11:27:22Washington, DC, US (PANA) – New data from the World Health Organisation (WHO) shows that many governments around the world [...] Full text...
thread Health
Industrial policy is not magic cure for slow growth: IMF Blog By Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu
11 april 2024 - 08:42:06Washington, D.C., USA (PANA) – Many countries are ramping up industrial policy to boost innovation in specific sectors in the [...] Full text...
thread Economy
World must prioritise productivity reforms to revive medium-term growth: IMF Blog By Nan Li, Diaa Noureldin
10 april 2024 - 15:12:53Washington DC, USA (PANA) - The world economy faces a sobering reality. The global growth rate - stripped of cyclical [...] Full text...
thread Economy
Executive Board concludes review of IMF capacity development strategy
10 april 2024 - 09:46:30Washington, D.C., United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the third quinquennial [...] Full text...
thread Economy