Tax revenues are catalyst for more inclusive growth in Côte d'Ivoire – WB

11 september 2025 - 09:02:12
Abidjan, Côte d'Ivoire (PANA) - Côte d'Ivoire's economic growth is solid and remarkably resilient in the face of global shocks, [...] Full text...

thread Economy

Three years ago, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution, writes F&D editor-in-chief Gita Bhatt, is now unfolding

08 september 2025 - 10:48:33
Washington, DC, United States (PANA) - The September issue of F&D looks at the new frontiers of finance, where technology, [...] Full text...

thread Economy

The Gambia’s economy maintains growth momentum amid global uncertainty

05 september 2025 - 07:50:01
Banjul, Gambia (PANA) - The Gambia’s economy continues to demonstrate resilience and steady recovery, with real GDP growth reaching 5.7% [...] Full text...

thread Economy

Unleashing private sector investment, creating better jobs for Togo’s inclusive and sustainable growth

02 september 2025 - 08:08:24
Lomé, Togo (PANA) - Togo has maintained robust and stable growth over the past decade but is now facing new [...] Full text...

thread Economy

IMF spots rising foreign investor interest in range of sectors in Mozambique

30 august 2025 - 10:51:29
Maputo, Mozambique (PANA) - Mozambique’s economic activity is gradually recovering after a sharp slowdown between October 2024 and March 2025. [...] Full text...

thread Economy

US dollar remains central to global economy despite search for alternatives (Blog by Mouhamado Sy, senior economist in the IMF’s Monetary and Capital Markets Department)

27 august 2025 - 13:24:13
Washington, DC, United States (PANA) - How has the US dollar dominated the global financial system for so long? Harvard [...] Full text...

thread Economy

IMF team assists Senegal to rectify misreporting of public accounts

27 august 2025 - 09:17:25
Dakar, Senegal (PANA) – An International Monetary Fund (IMF) staff team has commended the Senegalese authorities on their commitment to [...] Full text...

thread Economy

Education is key to jobs, growth, and lifelong learning (World Bank Blog by Luis Benveniste, Global Director for Education at the World Bank)

27 august 2025 - 08:26:24
Washington, DC., USA (PANA) - Education equips learners with important foundational skills that are essential for work and life. Education is [...] Full text...

thread Society

Reclaiming a policy role for economists (IMF Blog by Karen Dynan, Professor of Practice of Economic Policy at Harvard University and nonresident senior fellow at the Peterson Institute of International Economics)

22 august 2025 - 11:58:55
Washington, DC, USA (PANA) - Acknowledging missteps, listening well, defending data, and avoiding jargon will help the profession engageEconomists have [...] Full text...

thread Economy

‘Africa is poised for progress’ Guterres tells development conference in Japan

20 august 2025 - 18:54:02
Yokohama, Japan (PANA) - The UN Secretary-General on Wednesday repeated his call for Africa to have a greater say in [...] Full text...

thread Politics

IMF staff completes 2025 Article IV mission to Eswatini

08 august 2025 - 11:45:11
Mbabane, Eswatini (PANA) – Regardless of the risks that include heightened global uncertainty and potential delays in project execution, Eswatini’s [...] Full text...

thread Economy

Erasure or empowerment? In Africa’s Sahel, women confront a stark choice

07 august 2025 - 20:29:34
New York, US (PANA) - In Africa’s Sahel region, deepening violence and poverty – driven by displacement, hunger and terrorism [...] Full text...

thread Society

Geography shouldn't define destiny: UN summit on landlocked nations opens

05 august 2025 - 12:20:55
Awaza, Turkmenistan (PANA) - Breaking down barriers and restoring fairness in global development should be the goal of the Third [...] Full text...

thread Politics

Deputy UN chief urges bold action to transform food systems at global summit in Addis Ababa

30 july 2025 - 07:10:18
Addis Ababa, Ethiopia (PANA) - United Nations Deputy Secretary-General Amina Mohammed on Tuesday called on countries to double down on [...] Full text...

thread Agriculture

IMF Executive Board concludes 2025 Article IV consultation and Fifth Review Under ECF with Zambia

27 july 2025 - 06:08:33
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the Article IV Consultation [...] Full text...

thread Economy

'Sustain fiscal consolidation,’ IMF urges Cameroon

25 july 2025 - 10:53:34
Yaoundé, Cameroon (PANA) - The International Monetary Fund (IMF) Executive Board has concluded the eighth reviews under the Extended Credit [...] Full text...

thread Economy

Global current account balances widen, reversing narrowing trend (IMF Blog By Pierre-Olivier Gourinchas)

23 july 2025 - 12:26:04
Washington, DC, United States (PANA) - Global current account balances widened by a sizable 0.6 percentage points of world GDP [...] Full text...

thread Economy

Risks blur Malawi’s growth outlook amid FX shortages, fuel scarcity, declining ODA

23 july 2025 - 09:41:09
Lilongwe, Malawi (PANA) – Malawi is at a critical juncture facing high inflation, an unsustainable fiscal and debt outlook, foreign [...] Full text...

thread Economy

UN’s Guterres declares fossil fuel era fading; presses nations for new climate plans before COP30 summit

22 july 2025 - 17:43:12
New York, US (PANA) - UN Secretary‑General António Guterres declared the world has “passed the point of no return” on [...] Full text...

thread Environment

IMF's First Deputy Managing Director Gita Gopinath quits to rejoin Harvard economics faculty

22 july 2025 - 08:45:20
Washington, DC, USA (PANA) - International Monetary Fund (IMF) Managing Director Kristalina Georgieva has announced the departure of Gita Gopinath, [...] Full text...

thread Society

IMF First Deputy Managing Director Gita Gopinath’s statement at the conclusion of the Third Meeting of the G20 Finance Ministers and Central Bank Governors

19 july 2025 - 06:37:40
KwaZulu-Natal, South Africa (PANA) - International Monetary Fund First Deputy Managing Director Gita Gopinath delivered the following remarks at the [...] Full text...

thread Economy

African economies plagued by deepening economic uncertainty, warns ECA

18 july 2025 - 12:21:51
Addis Ababa, Ethiopia (PANA) - Rising debt, geopolitical instability and declining aid flows are intensifying external pressure on African economies, [...] Full text...

thread Economy

Benin can mobilize more domestic resources to drive inclusive growth and equity

17 july 2025 - 19:14:33
Cotonou, Benin (PANA) - More inclusive growth path, taxation and spending adaptedz to vulnerable populations could further accelerate efforts to [...] Full text...

thread Economy

Cameroon needs to harness forests, natural wealth for sustainable growth: WB report

16 july 2025 - 08:39:28
Yaoundé, Cameroon (PANA) - The World Bank Group has launched the 2025 Cameroon Economic Update, titled ‘’Cameroon’s Green Gold: Unlocking [...] Full text...

thread Economy

IMF Country Focus: Mauritius' economy depends on sustainable public finances (By Mariana Colacelli, IMF Mission Chief to Mauritius and Felix Simione, Senior Economist in IMF’s African Department)

15 july 2025 - 10:57:50
Port Louis, Mauritius (PANA) - The island of Mauritius was once the native habitat of the dodo—striking, flightless bird that [...] Full text...

thread Economy

IMF Executive Board completes review of two arrangements with Niger

15 july 2025 - 08:57:43
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the Seventh of [...] Full text...

thread Economy

‘A compass towards progress’ – but key development goals remain way off track

14 july 2025 - 20:13:45
Geneva, Switzerland (PANA) - Global life expectancy increased by an astonishing five years between 2000 and 2019. And then since [...] Full text...

thread Society

IMF Executive Board concludes reviews with Cabo Verde

13 july 2025 - 05:08:05
Washington, DC, US (PANA) - The Executive Board of the IMF has completed the sixth review under the ECF arrangement, [...] Full text...

thread Economy

Building trust through effective service delivery in Africa – WB Report

10 july 2025 - 14:22:15
Monrovia, Liberia (PANA) - The World Bank's annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released Thursday, [...] Full text...

thread Society

IMF concludes third review of Somalia’s Extended Credit Facility

10 july 2025 - 09:52:18
Mogadishu, Somalia (PANA) - The International Monetary Fund (IMF) Executive Board has completed the third review under the Extended Credit [...] Full text...

thread Economy

How to Stabilise Africa's Debt (IMF Blog By Athene Laws, Thibault Lemaire, and Nikola Spatafora, economists in IMF’s African Department)

09 july 2025 - 11:59:18
Washington, DC, United States (PANA) - Successful debt stabilisation requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms [...] Full text...

thread Economy

EC activates flexibility in EU fiscal rules for 15 member states to increase defence spending

08 july 2025 - 12:25:35
Brussels, Belgium (PANA) - The European Council on Tuesday activated the national escape clause under the Stability and Growth Pact [...] Full text...

thread Society

IMF staff mission finds Lesotho facing ‘uncertain external environment’

08 july 2025 - 10:46:26
Maseru, Lesotho (PANA) – The authorities in Lesotho face the challenge of transforming fiscal surpluses into sustainable and high-quality growth [...] Full text...

thread Economy

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

08 july 2025 - 06:36:48
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the fourth review [...] Full text...

thread Economy

‘Cooperation is humanity’s greatest innovation,’ UN chief declares at BRICS summit

07 july 2025 - 22:05:55
Rio de Janeiro, Brazil (PANA) - UN Secretary-General António Guterres on Monday warned that the environment is being attacked on [...] Full text...

thread Society

UN chief calls for reform of multilateralism

07 july 2025 - 15:04:27
Rio de Janeiro, Brazil (PANA) - UN Secretary-General António Guterres on Sunday called for respect for international law and for [...] Full text...

thread Politics

IMF Executive Board completes reviews of three arrangements for Mauritania

05 july 2025 - 14:55:19
Washington, DC, US (PANA) - The IMF Executive Board has completed the Fourth Reviews under the 42‑month blended Extended Credit [...] Full text...

thread Economy

With sustainable development under threat, Sevilla summit rekindles hope and unity

04 july 2025 - 09:33:18
Sevilla, Spain (PANA) - The landmark Financing for Development conference in Sevilla, Spain, has concluded with a renewed sense of [...] Full text...

thread Economy

The Sevilla Commitment: A vital step to rebuild trust in global cooperation

03 july 2025 - 14:21:27
Sevilla, Spain (PANA) - Civil society organisations have welcomed the consensus reached at the landmark Sustainable development conference concluding this [...] Full text...

thread Economy

Drowning in debt: New forum in Sevilla offers borrowers chance to rebalance the books

02 july 2025 - 18:34:16
Sevilla, Spain (PANA) - A new mechanism offering debt-distressed countries a way to coordinate action and amplify their voice in [...] Full text...

thread Economy

Kenya’s economy slows down on weak industrial activity, climate shocks: AfDB

02 july 2025 - 12:40:31
Nairobi, Kenya (PANA) – The Kenyan economy grew by 4.6% in 2024, a slowdown from 5.6% in 2023, due to [...] Full text...

thread Economy

Seychelles' path to macroeconomic stability and resilience - IMF Country Focus

02 july 2025 - 07:19:53
Victoria, Seychelles (PANA) - The IMF Executive Board recently completed the fourth review of Seychelles’ economic performance under the Extended [...] Full text...

thread Economy

‘The margins of the budget’: Gender equality in developing countries underfunded by $420 billion annually

01 july 2025 - 20:01:41
Geneva, Switzerland (PANA) - Developing countries currently face a staggering $420 billion annual gap in the funding needed to achieve [...] Full text...

thread Gender

IMF completes second review of Togo’s ECF arrangement

01 july 2025 - 12:44:12
Lomé, Togo (PANA) – The Executive Board of the International Monetary Fund (IMF) has completed the second review of the [...] Full text...

thread Economy

IMF mission completes Article IV consultation with Algeria

01 july 2025 - 12:19:31
Algiers, Algeria (PANA) - Strengthened policy frameworks, along with reforms to enhance fiscal resilience, diversify the economy, and promote private [...] Full text...

thread Economy

Guinea must ensure its benefits of growth are widely shared: WB report

01 july 2025 - 10:52:46
Conakry, Guinea (PANA) - Guinea’s economic growth accelerates, but reforms to make growth more inclusive and enhance domestic resource mobilization [...] Full text...

thread Economy

Leveraging Zambia’s energy transition minerals: Roadmap for economic transformation

01 july 2025 - 10:48:34
Lusaka, Zambia (PANA) - Zambia's economy grew by 4% in 2024, displaying resilience despite experiencing a historic drought and frequent [...] Full text...

thread Economy

After the big development pledges in Sevilla, UN says action starts now

30 june 2025 - 17:16:35
Sevilla, Spain (PANA) - Now the big promises have been formally adopted in the Spanish city of Sevilla to turbocharge [...] Full text...

thread Economy

President of Libyan Council attends Fourth Conference on Financing for Development in Sevilla

30 june 2025 - 13:18:36
Tripoli, Libya (PANA) - The President of the Libyan Presidential Council, Mohamed Al-Manfi, took part in the first day of [...] Full text...

thread Economy

It’s time to finance our future and ‘change course’, Guterres tells world leaders in Sevilla

30 june 2025 - 13:10:24
Sevilla, Spain (PANA) - “We’re here in Sevilla to change course,” the UN chief told world leaders on Monday, calling [...] Full text...

thread Economy

Seville: a future agreement on development financing, without the United States

29 june 2025 - 07:21:41
Seville, Spain (PANA) -  Despite the US withdrawal, UN member states reached an agreement on Tuesday, 25 June, on the [...] Full text...

thread Economy

Every dollar invested in a girl's education generates three times more for the economy

29 june 2025 - 07:13:24
Seville, Spain (PANA) - The equation is simple, the results compelling. Investing one dollar in a girl's education generates nearly [...] Full text...

thread Economy

Europe’s elusive savings and investment union: IMF Finance & Development article By Ravi Balakrishnan. Chief European economist at JP Morgan, Mahmood Pradhan, Head of global macroeconomics at the Amundi Investment Institute.

28 june 2025 - 14:28:08
Brussels, Belgium (PANA) - An integrated capital market must be accompanied by regulatory reforms to attract substantial investment.Europe has ample [...] Full text...

thread Economy

IMF concludes 2025 Article IV consultation with Tanzania, approves $448.4 million disbursement

28 june 2025 - 08:12:54
Dar es Salaam, Tanzania (PANA) – Tanzania has secured US$ 448.4 million as an immediate disbursement under both the Extended [...] Full text...

thread Economy

New UN report charts path out of debt crisis threatening global development

28 june 2025 - 07:41:59
New York, US (PANA) - A decade after the adoption of the Sustainable Development Goals (SDGs), development is facing serious [...] Full text...

thread Economy

Developing and preserving Gabon’s wealth to improve living standards: WB report

27 june 2025 - 07:51:55
Libreville, Gabon (PANA) - Gabon’s economy grew by an estimated 2.9% in 2024, driven mainly by the oil sector and [...] Full text...

thread Economy

How the IMF finances itself and why it matters for the global economy: IMF Blog By Julie Kozack, Bernard Lauwers

26 june 2025 - 12:00:55
Washington, DC, United States (PANA) - The IMF may be best known for lending to crisis-hit countries. But what about [...] Full text...

thread Economy

Energy access has improved, yet international financial support still needed to boost progress, address disparities

26 june 2025 - 08:21:47
Geneva, Switzerland (PANA) - Tracking SDG 7: The Energy Progress Report 2025 finds that almost 92% of the world’s population [...] Full text...

thread Economy

Sevilla conference on development financing shows optimism for multilateralism

26 june 2025 - 06:03:42
New York, US (PANA) - It’s been 10 years since the Addis Ababa Action Agenda was established to support the [...] Full text...

thread Economy

Geneva summit calls on G20 leaders to rethink health finance

25 june 2025 - 13:12:34
Geneva, Switzerland (PANA) - The Health 20 (H20) summit, co-convened by the G20 Health and Development Partnership and the World [...] Full text...

thread Health

IMF Board completes 4th review of Comoros ECF arrangement

25 june 2025 - 11:59:05
Washington, DC, USA (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fourth review under [...] Full text...

thread Economy

Cape Verde: Unlocking inclusive growth through increased resilience and equal opportunities

24 june 2025 - 08:47:33
Praia, Cape Verde (PANA) - Cape Verde’s economy continues on a strong recovery path, according to the latest Cabo Verde [...] Full text...

thread Economy

Can Africa claim the 21st century? World Bank Blog By Andrew Dabalen, Chief Economist, Africa, and Chorching Goh, Lead Economist, Africa

23 june 2025 - 09:13:04
Addis Ababa, Ethiopia (PANA) - In 2000, the World Bank published, “Can Africa Claim the 21st Century?” This landmark report [...] Full text...

thread Society

South Sudan, IMF agree Fund-monitored programme to lay foundation for economic stability

21 june 2025 - 08:05:40
Juba, South Sudan (PANA) - Staff of the International Monetary Fund (IMF) IMF and the South Sudanese authorities have reached [...] Full text...

thread Economy

WHO warns of health financing emergency

21 june 2025 - 05:31:14
Geneva, Switzerland (PANA) - The world is facing a health financing emergency, according to Dr. Kalipso Chalkidou, Director for Health [...] Full text...

thread Health

Radical changes needed in debt transparency practices, says new World Bank report

20 june 2025 - 07:04:04
Washington, DC, USA (PANA) - More developing economies are turning to off-budget and more complex borrowing arrangements in response to [...] Full text...

thread Economy

Development is ‘the first line of defence against conflict,’ Guterres tells Security Council

20 june 2025 - 05:40:35
New York, US (PANA) - Of the 700 million people worldwide living in extreme poverty, 40 per cent live in [...] Full text...

thread Society

Djibouti implements enhanced General Data Dissemination System of IMF

19 june 2025 - 10:27:22
Washington, DC, United States (PANA) - With the successful launch of the new data portal—the National Summary Data Page (NSDP)—Djibouti [...] Full text...

thread Economy

IMF approves resilience and sustainability facility arrangement for Gambia

19 june 2025 - 10:25:55
Banjul, Gambia (PANA) –The International Monetary Fund (IMF) Executive Board has approved a new 18-month arrangement under the Resilience and [...] Full text...

thread Economy

Reforms needed to boost growth, create jobs, and reduce poverty in the CEMAC region: World Bank report

19 june 2025 - 10:23:49
Washington, DC, United States (PANA) - The CEMAC region experienced stronger growth in 2024, growing by 3.0%, up from 2.0% [...] Full text...

thread Economy

IMF concludes 2025 Article IV Consultation with Mauritius

19 june 2025 - 10:21:43
Washington, DC, USA (PANA) - The Mauritian economy continues to exhibit resilience with growth at 4.7 percent in 2024 and [...] Full text...

thread Economy

Ahead of UN summit, countries finalise landmark ‘Compromiso de Sevilla’

19 june 2025 - 05:37:44
New York, US (PANA) - UN Member States have reached agreement on the outcome document for the Fourth International Conference [...] Full text...

thread Economy

IMF staff concludes visit to Liberia

18 june 2025 - 09:23:51
Monrovia, Liberia (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief for Liberia, [...] Full text...

thread Economy

IMF Executive Board concludes 2025 Article IV Consultation with Namibia

18 june 2025 - 07:31:48
Windhoek, Namibia (PANA) - Namibia’s economy faces challenges from heightened global trade policy tensions, increased weather shocks, a structural shift [...] Full text...

thread Economy

IMF completes reviews of Seychelles economic performance

17 june 2025 - 08:47:33
Washington, DC, United States (PANA) -  The Executive Board of the International Monetary Fund (IMF) on Monday completed the fourth [...] Full text...

thread Economy

Want a debt swap to work? What Côte d’Ivoire got right: World Bank Blog By Marie-Chantal Uwanyiligira, Nathalie Picarelli, Markus Kitzmuller, Diego Rivetti, Hans Anand Beck

17 june 2025 - 07:48:38
Abidjan, Côte d'Ivoire (PANA) -  Can a country turn debt into opportunity? With the right approach, it can. If managed effectively, [...] Full text...

thread Economy

Two World Bank reports offer roadmap for Sierra Leone's sustainable growth amid climate threats

16 june 2025 - 12:57:33
Freetown, Sierra Leone (PANA) - The World Bank on Monday launched the Sierra Leone Country Economic Memorandum (CEM) and the [...] Full text...

thread Economy

FDI flows to developing economies drop to lowest level since 2005 EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL MONDAY, JUNE 16, 2025, AT 1:30 PM UTC

16 june 2025 - 12:54:10
Washington, DC, USA (PANA) - Flows of foreign direct investment (FDI) into developing economies—a key propellant of economic growth and [...] Full text...

thread Economy

Insufficient domestic funding hinders education progress, says rights watchdog

16 june 2025 - 08:20:10
Abuja, Nigeria (PANA) – Most African governments have consistently failed to meet global and regional education funding targets to ensure quality [...] Full text...

thread Society

Niger's economy rebounds in 2024 thanks to large-scale oil exports, good agricultural season

13 june 2025 - 09:38:26
Niamey, Niger (PANA) - Niger’s economy recorded robust growth in 2024, driven by large-scale oil exports. However, short-term sources of [...] Full text...

thread Economy

Disclosing public debt boosts investor confidence, cuts borrowing costs: IMF Blog By Yan Liu

13 june 2025 - 08:59:03
Washington, DC, USA (PANA) - Public debt is projected to reach nearly 100 percent of global gross domestic product by [...] Full text...

thread Economy

Most of the developing world is turning into a development-free zone: World Bank Blog By Indermit Gill, Chief Economist of the World Bank Group and Senior Vice President for Development Economics and M. Ayhan Kose, Deputy Chief Economist of the World Bank Group and Director of the Prospects Group, Development Economics

11 june 2025 - 07:45:28
Washington, DC, USA (PANA) - Only six months ago, a “soft landing” appeared to be in sight: the global economy [...] Full text...

thread Economy

Global economy set for weakest run since 2008 outside of recessions

10 june 2025 - 13:52:55
Washington, DC, US (PANA) - Heightened trade tensions and policy uncertainty are expected to drive global growth down this year [...] Full text...

thread Economy

IMF staff conducts 2025 Article IV Consultation, reaches agreement on ECF fifth review with Zambia

10 june 2025 - 08:14:22
Lusaka, Zambia (PANA) - The Zambian authorities and the International Monetary Fund (IMF) have reached a staff-level agreement on the [...] Full text...

thread Economy

Guterres calls for end to ocean ‘plunder’ as UN summit opens in France

09 june 2025 - 11:54:49
Nice, France (PANA) - With the Mediterranean glittering in the background, UN Secretary-General António Guterres opened the third United Nations [...] Full text...

thread Environment

Another first for Liberia: showcasing the new World Bank Group engagement approach and jobs agenda: World Bank Blog by Ousmane Diagana, Vice President, Western and Central Africa

06 june 2025 - 08:33:44
Monrovia, Liberia (PANA) - Liberia is a country of firsts – and contrasts. Founded in 1847, Liberia is Africa’s first [...] Full text...

thread Society

AIDS still killing one person every minute as funding cuts stall progress

06 june 2025 - 07:05:52
New York, US (PANA) - AIDS-related deaths have dropped to their lowest level since 2004, but progress remains precarious, with [...] Full text...

thread Health

Serious food insecurity lurks over Malawi’s population

05 june 2025 - 09:20:25
Lilongwe, Malawi (PANA) – Over 20 percent of Malawi’s 25 million population faces high levels of food insecurity, up five [...] Full text...

thread Society

A United Europe Can Shape the Global Economy: IMF Blog By Gita Bhatt, Head of Policy Communications and Editor-In-Chief of Finance & Development Magazine

04 june 2025 - 09:36:14
Washington, DC, United States (PANA) - Not many places match the European Union for quality of life. Its workers enjoy [...] Full text...

thread Economy

World Bank economic update examines fiscal challenges in Guinea-Bissau

04 june 2025 - 08:34:22
Bissau, Guinea Bissau (PANA) – The World Bank has released the latest edition of the Guinea-Bissau Economic Update (EU), a [...] Full text...

thread Economy

Ethiopian authorities, IMF mission reach staff-level deal on policies for ECF review

31 may 2025 - 11:55:33
Add Ababa, Ethiopia (PANA) – International Monetary Fund (IMF) staff and the Ethiopian authorities have reached staff-level agreement on economic [...] Full text...

thread Economy

‘Justice is long overdue’: Guterres calls for reparations for enslavement and colonialism

31 may 2025 - 09:45:25
New York, US (PANA) - UN Secretary-General António Guterres renewed his calls for Member states and the United Nations to [...] Full text...

thread Politics

Debt is higher and rising faster in 80 percent of global economy: IMF Blog By Era Dabla-Norris, Davide Furceri

30 may 2025 - 08:10:02
Washington, DC, United States (PANA) -  Fiscal Policy under mounting uncertainty means government budgets need resilience—particularly in countries whose economic [...] Full text...

thread Economy

Global job growth revised down amid economic slowdown

29 may 2025 - 07:32:38
Geneva, Switzerland (PANA) - The International Labour Organisation (ILO) on Wednesday revised its forecast for global employment growth from 1.7% [...] Full text...

thread Economy

World Economic Forum: Chief economists warn global growth under strain from trade policy shocks and AI disruption

28 may 2025 - 11:48:22
Geneva, Switzerland (PANA) – The global economic outlook has worsened since the start of the year, as rising economic nationalism [...] Full text...

thread Economy

Real cost of disasters is 10 times higher than previously thought, says UN

27 may 2025 - 17:03:07
Geneva, Switzerland (PANA) - As countries face increasingly steep bills from natural hazards, the true cost of disasters is actually [...] Full text...

thread

Kenya can cut public debt-to-GDP ratio by a third, generate jobs if it prioritises fiscal, governance, and structural reforms

27 may 2025 - 08:40:28
Nairobi, Kenya (PANA) - Kenya’s fiscal policy could be better used to create more and better jobs, strengthen the social [...] Full text...

thread Economy

Despite improvements, Kenya’s fiscal path is fragile amid high debt vulnerabilities, weak revenue growth : WB report

27 may 2025 - 08:05:24
Nairobi, Kenya (PANA) - Kenya’s public debt remains at high risk of distress, with interest payments absorbing about a third [...] Full text...

thread Economy

Fostering core government bond market resilience: IMF Blog By Tobias Adrian, Kleopatra Nikolaou, Jason Wu

22 may 2025 - 08:20:34
Washington, DC, United States (PANA) - The smooth functioning of government bond markets is important for the safety and soundness [...] Full text...

thread Economy

Cape Verde takes strategic steps to strengthen fiscal sustainability and create fiscal space

22 may 2025 - 07:53:50
Praia, Cape Verde (PANA) – The Government of Cape Verde (GoCV) is undertaking a series of reforms to strengthen fiscal [...] Full text...

thread Economy

CAR implements the Enhanced General Data Dissemination System of IMF

20 may 2025 - 08:47:27
Washington, DC, United States (PANA) - With the successful launch of the new data portal—the National Summary Data Page (NSDP) [...] Full text...

thread Economy

Debt transparency is a public good: IMF Blog By Kristalina Georgieva, IMF Managing Director

18 may 2025 - 12:02:54
Washington, DC, United States (PANA) -  This topic that you discussed at the IMF Conference on Public Debt Transparency—Aligning the [...] Full text...

thread Economy

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

17 may 2025 - 09:38:57
Mogadishu, Somalia (PANA) - Somalia has continued steadfast reform implementation and programme performance has been strong, the International Monetary Fund [...] Full text...

thread Economy

Zambia’s economic recovery gaining pace: IMF

17 may 2025 - 09:36:40
Lusaka, Zambia (PANA) - An International Monetary Fund (IMF) team has completed discussions with the Zambian authorities on economic performance [...] Full text...

thread Economy

IMF reaches staff-level agreement with Cape Verde on ECF review

15 may 2025 - 14:20:19
Praia, Cape Verde (PANA) - International Monetary Fund (IMF) staff and Cape Verdean authorities have reached a staff-level agreement on [...] Full text...

thread Economy

IMF staff find a deteriorating outlook posing risks in Angola

15 may 2025 - 09:05:14
Luanda, Angola (PANA) - Angola’s economic growth for 2024 was strong, but the outlook has deteriorated posing risks, according to [...] Full text...

thread Economy

Steering through the Fog: The Art and Science of Monetary Policy in Emerging Markets: Statement By Gita Gopinath, IMF First Deputy Managing Director

10 may 2025 - 10:35:12
Washington, DC, United States (PANA) - Since early April, the US effective tariff rate has increased to levels last seen [...] Full text...

thread Economy

IMF welcomes resilience of WAEMU financial system but notes the sovereign‑bank nexus poses risks to stability

07 may 2025 - 11:14:36
Dakar, Senegal (PANA) - Economic growth continues to be strong in the West African Economic and Monetary UNION (WAEMU) member [...] Full text...

thread Economy

‘Alarming’ slowdown in human development - could AI provide answers?

06 may 2025 - 07:38:43
New York, US (PANA) - The progress of human development – as measured by people’s freedoms and well-being – has [...] Full text...

thread Economy

Stuck in the middle? Indebted nations plot path to growth amid global trade upheaval

30 april 2025 - 07:14:44
New York, US (PANA) - Faced with mounting debt and economic stagnation, middle-income countries have issued a call for financial [...] Full text...

thread Economy

UN warns of $4 trillion shortfall threatening global development goals

29 april 2025 - 07:17:39
New York, US (PANA) - Facing a staggering $4 trillion annual financing gap for development and mounting trade wars, top [...] Full text...

thread Economy

Sub-Saharan Africa’s fragile recovery tested by global policy uncertainty

26 april 2025 - 10:51:19
Washington, DC, USA (PANA) -The International Monetary Fund (IMF) expects growth in sub-Saharan Africa to ease to 3.8 percent in 2025 [...] Full text...

thread Economy

Asia can boost economic resilience amid surging trade tensions: IMF Blog By Thomas Helbling, Andrea Pescatori, and Krishna Srinivasan

25 april 2025 - 08:47:23
Washington, DC, USA (PANA) - As the global economic system is being reset, US tariffs are the highest in a [...] Full text...

thread Economy

Rising global debt requires countries to put their fiscal house in order: IMF Blog By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro

24 april 2025 - 07:36:33
Washington, DC, USA (PANA) - Major policy shifts underway have heightened global uncertainty. The series of recent tariff announcements by [...] Full text...

thread Economy

Economic growth speeding up in Africa, but uncertainty clouds outlook

24 april 2025 - 07:05:03
Washington, DC, USA (PANA) - Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy [...] Full text...

thread Economy

Enhancing financial stability for resilience during uncertain times: IMF Blog By Tobias Adrian

23 april 2025 - 11:01:38
Washington, DC, United States (PANA) - Capital markets are essential for driving economic activity, providing mechanisms for raising funds and [...] Full text...

thread Economy

IMF scales down growth in Africa by 0.3 percentage points to 3.9 percent for 2025

23 april 2025 - 05:33:01
Washington, DC, US (PANA) - The Chairman of the African Caucus at the International Monetary Fund (IMF), Mr. Hervé Ndoba, [...] Full text...

thread Economy

Tanzania set to access US$441 million in IMF financing

18 april 2025 - 08:09:20
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] Full text...

thread Economy

IMF, Gambia reach Staff-Level agreement on RSF arrangement and Third review under ECF arrangement

17 april 2025 - 10:56:31
Washington, DC, US (PANA) - The Gambian authorities and a team of the International Monetary Fund (IMF) have reached a [...] Full text...

thread Economy

IMF Executive Board approves disbursement of US $129 million under Rapid Credit Facility for Mali

17 april 2025 - 10:34:16
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a disbursement of [...] Full text...

thread Economy

Global growth on recessionary path amid trade tensions and uncertainty

17 april 2025 - 05:23:32
Geneva, Switzerland (PANA) - The world economy is on a recessionary trajectory as global growth is expected to slow to [...] Full text...

thread Economy

IMF mission, Ghanaian authorities reach staff-level agreement on Fourth Review of Extended Credit Facility

15 april 2025 - 10:08:02
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, and [...] Full text...

thread Economy

How rising geopolitical risks weigh on asset prices: IMF Blog By Salih Fendoglu, Mahvash S. Qureshi, and Felix Suntheim

15 april 2025 - 08:08:01
Washington, DC, United States (PANA) - Global geopolitical risks remain elevated, raising concerns about their potential impact on economic and [...] Full text...

thread Economy

UN forum on People of African Descent examines reparations and AI challenge

14 april 2025 - 20:31:58
New York, US (PANA) - The fourth session of the UN Permanent Forum on People of African Descent opened on [...] Full text...

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IMF Staff completes mission to Guinea Bissau

11 april 2025 - 13:14:43
Washington, D.C, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Niko Hobdari visited Bissau [...] Full text...

thread Economy

IMF Staff completes 2025 Article IV Mission to Mauritius

11 april 2025 - 13:00:33
Washington, DC, US (PANA) -  Real GDP of Mauritius grew by a robust 4.7 percent in 2024, driven by services, [...] Full text...

thread Economy

IMF staff, Rwandan authorities agree on fifth review of Policy Coordination Instrument

05 april 2025 - 12:05:34
Kigali, Rwanda (PANA) – The International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies [...] Full text...

thread Economy

UN envoy urges international support for West Africa and the Sahel

04 april 2025 - 05:22:33
New York, US (PANA) - The Special Representative for West Africa and the Sahel painted a mixed picture of the [...] Full text...

thread Politics

Looking beyond GDP to reach the Sustainable Development Goals

31 march 2025 - 06:53:53
Geneva, Switzerland (PANA) - Countries should consider looking beyond Gross Domestic Product, or GDP, as the key measure of economic [...] Full text...

thread Economy

IMF mission welcomes Senegal’s commitment to fiscal transparency

27 march 2025 - 11:56:51
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) mission visited Senegal to review findings of the audit report by [...] Full text...

thread Economy

Strategic, targeted reforms can strengthen Morocco's business landscape: Report

26 march 2025 - 13:03:00
Rabat, Morocco (PANA) - The Moroccan economy demonstrated resilience and positive trends in 2024 despite facing significant challenges, according to [...] Full text...

thread Economy

Decades of progress in reducing child deaths and stillbirths at risk, UN warns

25 march 2025 - 16:00:50
Geneva, Switzerland (PANA) - The number of children around the world dying before their fifth birthday stands at a record [...] Full text...

thread Health

East Africa leads regional growth in Africa, says report

20 march 2025 - 15:32:56
Cotonou, Benin (PANA) - Growth in East Africa is expected to be stronger than in other sub-regions, reaching 6% in [...] Full text...

thread Economy

Interest payments outweigh climate investments in almost all developing countries - UNCTAD

18 march 2025 - 05:31:35
Geneva, Switzerland (PANA) - Economists at the UN Trade and Development (UNCTAD) are warning that almost all developing countries pay [...] Full text...

thread Economy

Claver Gatete of the ECA calls for national resources to be mobilised for the industrialisation of Africa

17 march 2025 - 16:41:22
Cotonou, Benin (PANA) - The Executive Secretary of the Economic Commission for Africa (ECA), Mr. Gatete Claver, has called for [...] Full text...

thread Economy

ECA deplores Africa's debt overhang

17 march 2025 - 16:11:12
Cotonou, Benin (PANA) - The Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatete, deplored Africa's debt overhang, [...] Full text...

thread Economy

Making fiscal policy more pro-poor in Africa: World Bank Blog By Abebe Adugna; Gabriela Inchauste and Hassan Zaman

17 march 2025 - 08:48:29
Dakar, Senegal (PANA) - Governments can do more to level the playing field through fair fiscal policies in Africa. In many [...] Full text...

thread Society

IMF Board completes review of Cong’s ECF arrangement

13 march 2025 - 09:49:10
Washington, DC, United States (PANA) – The International Monetary Fund (IMF) has completed the sixth and final review of the [...] Full text...

thread Economy

Countries spend more money paying off debt than fighting climate change

12 march 2025 - 07:50:11
Geneva, Switzerland (PANA) - Some developing countries are spending more money on repaying their external debt than on combating climate [...] Full text...

thread Environment

Women, girls bear brunt of cyberbullying against persons with disabilities

11 march 2025 - 15:54:15
New York, US (PANA) - States must do more to prevent cyberbullying and overcome unequal access to assistive technology which [...] Full text...

thread Society

Commission on the Status of Women: 'The poison of patriarchy is back'

11 march 2025 - 08:20:02
New York, US (PANA) - As the new session of the Commission on the Status of Women opens, meeting at [...] Full text...

thread Gender

Democratising innovation can harness untapped talent and spur economic growth: IMF Blog By Xavier Jaravel, Professor of Economics at the London School of Economics

05 march 2025 - 13:01:25
Washington, DC, USA (PANA) - Notwithstanding Plato’s 2,400-year-oldproverb, necessity alone is not the mother of invention. It also requires opportunity. An [...] Full text...

thread Economy

UN deputy chief: Strong food systems can deliver progress for everyone, everywhere

04 march 2025 - 20:36:27
Nairobi, Kenya (PANA) - In a series of meetings in Nairobi, Kenya, Deputy Secretary-General Amina Mohammed spearheaded discussions on fortifying [...] Full text...

thread Society

“Em-powering” Ethiopia: A vision for the future of the Ethiopian energy sector: World Bank Blog By Guangzhe Chen, Vice President for Infrastructure, The World Bank

28 february 2025 - 08:14:55
Addis Ababa, Ethiopia (PANA) - On 25 January, 2025, the air in Addis Ababa was electric—not just with the hum [...] Full text...

thread Economy

IMF concludes 2024 Article IV Consultation with Angola

25 february 2025 - 09:09:01
Luanda, Angola (PANA} - Angola’s economy recovered in 2024 as the oil sector rebounded. GDP growth is estimated to have [...] Full text...

thread Economy

Invest in early childhood development to transform Uganda’s economy: WB report

24 february 2025 - 08:04:38
Kampala. Uganda (PANA) - Despite ongoing global challenges and geopolitical tensions, economic activ­ity in Uganda has remained robust. According to a [...] Full text...

thread Economy

Guterres urges Caribbean leaders to keep pushing for peace, climate action

20 february 2025 - 07:33:09
Bridgetown, Barbados (PANA) – Addressing Caribbean leaders meeting in Barbados on Wednesday, UN Secretary-General António Guterres announced a potential plan [...] Full text...

thread Society

New report highlights Africa’s strengthening economic growth amid global challenges

16 february 2025 - 07:59:37
Addis Ababa, Ethiopia (PANA) - Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according [...] Full text...

thread Economy

Africa 'brimming with hope and possibility': Guterres

15 february 2025 - 18:58:58
Addis Ababa, Ethiopia (PANA) - The UN Secretary-General, António Guterres, emphasised the potential of Africa and its young population and [...] Full text...

thread Politics

IMF team concludes Ghana visit

14 february 2025 - 20:23:31
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team led by Stéphane Roudet has visited Ghana as part [...] Full text...

thread Economy

IMF staff completes Staff-Monitored Programme discussion with Zimbabwe

14 february 2025 - 11:10:11
Harare, Zimbabwe (PANA) - Following the request for a Staff-Monitored Programme (SMP) by the Zimbabwe authorities in 2023, an International [...] Full text...

thread Economy

Scaling up or losing steam? Parliamentarians debate the future of the SDGs

14 february 2025 - 05:19:18
New York, US (PANA) - As the clock ticks toward 2030, parliamentarians gathered at UN Headquarters in New York on [...] Full text...

thread Politics

Ghana can pave the way for sustainable growth by focusing on long-term reforms: WBG report

13 february 2025 - 05:11:11
Accra, Ghana (PANA) - The World Bank Group’s latest Public Finance Review report, titled “Building the Foundations for a Resilient [...] Full text...

thread Economy

Scaling innovative finance for growth in the Horn of Africa: World Bank Blog By Boutheina Guermazi, Ahmed Rostom and Michael Fuchs

11 february 2025 - 08:44:02
Addis Ababa, Ethiopia (PANA) - As we step into 2025, it’s a perfect time to reflect on the future of [...] Full text...

thread Economy

Africa has potential to become major driver of global trade, says UN

11 february 2025 - 07:07:29
Geneva, Switzerland (PANA) - Africa can turn its economic vulnerabilities into opportunities through trade, investment and regional integration, say the [...] Full text...

thread Economy

Bridging the divide: General Assembly President on UN reforms and Africa’s digital future

08 february 2025 - 10:15:53
New York, US (PANA) - The landmark year in the life of the UN has prompted introspection and a fresh [...] Full text...

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IMF completes first review of Liberia’s ECF programme underlining governance reforms

06 february 2025 - 08:48:24
Monrovia, Liberia (PANA) – Liberia is now in position to draw US$46 million from the International Monetary Fund (IMF) for [...] Full text...

thread Economy

Cameroon at a crossroads: Urgent call for fiscal transformation: World Bank Blog By Amina Coulibaly, Francis Ngomba Bodi and Mouhamadou Moustapha Lo

06 february 2025 - 07:28:10
Yaoundé, Cameroon (PANA) - Despite its natural resources and dynamic people, Cameroon’s economic progress has stalled, leaving income per capita [...] Full text...

thread Economy

Benin: An African pioneer – IMF Country Focus

04 february 2025 - 07:29:07
Porto-Novo, Benin (PANA) - Benin faced a number of negative spillovers in 2022: a deteriorating regional security situation at its [...] Full text...

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

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

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

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

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

IMF Executive Board completes sixth review under ECF for Niger

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

thread Economy

IMF staff concludes visit to Central African Republic

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

Economic recovery is losing steam, warns UN labour agency

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

thread Economy

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

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

thread Economy

Africa Must Decolonize Economic Structures For Sustainable Growth –UNDP Chief

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

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Ambitious climate action to reap large dividends for Cape Verde

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

thread Environment

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

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

thread Society

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

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

thread Economy

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

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

thread Society

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

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

thread Economy

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

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

thread Economy

World Bank unveils 2025 Global Bond funding programme

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Society

IMF identifies Benin’s key challenge in economic transformation efforts

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

thread Economy

IMF Board completes fourth review of Zambia’s ECF arrangement

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

thread Economy

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

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

thread Politics

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

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

thread Economy

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

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

thread Economy

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

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

thread Society

IMF staff concludes visit to Djibouti

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

thread Economy

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

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

thread Economy

Guterres calls for justice for Africa

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

thread Politics

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

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

thread Economy

Chad’s economic recovery picks steam - IMF

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

thread Economy

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

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

thread Economy

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

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

thread Society

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

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

thread Economy

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

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

thread Economy