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

Humanity’s fate can't be left to algorithms, UN chief tells Security Council

20 december 2024 - 05:21:06
New York, US (PANA) - The UN Secretary-General on Thursday urged the Security Council to act decisively to establish international [...] Full text...

thread Sciences

Syria faces uncertain future after regime’s collapse amid humanitarian crisis

18 december 2024 - 14:50:56
New York, US (PANA) - At a historic crossroads, just 11 days after the collapse of the Assad regime, Syria [...] Full text...

thread Society

Libya's economy set for sustainable growth, increased productivity

18 december 2024 - 11:05:54
Washington, DC, USA (PANA) - Libya’s economy is expected to stabilise following an agreement ending the leadership crisis at the [...] Full text...

thread Economy

Internet Governance Forum: Shaping a safe and equitable digital future

17 december 2024 - 14:33:27
Riyadh, Saudi Arabia (PANA) - The UN children's agency UNICEF has been collaborating with tech companies to make digital products [...] Full text...

thread Society

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

Internet Governance Forum: Shaping a safe and equitable digital future

17 december 2024 - 05:24:17
Riyadh, Saudi Arabia (PANA) - As the world navigates rapid digital transformation, the 19th United Nations Internet Governance Forum (IGF) [...] Full text...

thread Sciences

São Tomé and Príncipe takes major development step

17 december 2024 - 04:59:32
New York, US (PANA) - The UN has congratulated São Tomé and Príncipe on its official graduation from the Least [...] Full text...

thread Economy

ECOWAS gives Burkina Faso, Mali, Niger 6 months window to reconsider withdrawal

16 december 2024 - 05:24:20
Abuja, Nigeria (PANA) – Leaders of the Economic Community of West African States (ECOWAS) has given Burkina Faso, Mali, and [...] Full text...

thread Politics

UNCCD Sacred Lands Declaration underscores role of Indigenous Peoples in sustainable resource management

15 december 2024 - 06:19:32
Riyadh, Saudi Arabia (PANA) - In a landmark decision, COP16 parties that concluded their meeting in Riyadh, Saudi Arabia, on [...] Full text...

thread Environment

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

Tanzania needs concrete action on its path to resilient, low carbon growth: World Bank

12 december 2024 - 06:40:23
Dar es Salaam, Tanzania (PANA - Without decisive action, climate change could cut Tanzania's economic growth by up to 4% [...] Full text...

thread Economy

Housing Africa’s growing population: IMF Blog By Kecia Rust, Executive Director of Centre for Affordable Housing Finance in Africa

11 december 2024 - 11:04:15
Kumasi, Ghana (PANA) - Deeper understanding of informality and better use of technology can build more sustainable housing markets.Informality dominates [...] Full text...

thread Society

Poverty, vulnerability remain endemic in South Sudan: World Bank report

11 december 2024 - 07:14:20
Juba, South Sudan (PANA) – Poverty is endemic, and vulnerability is almost universal in South Sudan following a decade of [...] Full text...

thread Society

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

Security Council hears of ongoing imperative to end violence in eastern DR Congo

10 december 2024 - 05:38:47
New York, US (PANA) - The UN Special Representative for the Democratic Republic of the Congo (DRC) briefed the Security [...] Full text...

thread Society

Gambia: IDA US$30 million budget support to enhance productivity and improve economic governance

09 december 2024 - 12:55:30
Banjul, Gambia (PANA) - The World Bank Group has approved $30 million in financing from the International Development Association (IDA) [...] Full text...

thread Economy

UPDATE: Ghana's vice President Bawumia concedes defeat to former president Mahama

08 december 2024 - 10:35:10
Accra, Ghana (PANA) - Vice-president Dr. Mahamudu Bawumia has conceded defeat to former President John Dramani Mahama in Ghana's presidential [...] Full text...

thread Politics

African Continental Free Trade Area -- an opportunity to recharge investment, growth and jobs: World Bank Blog By Priyanka Kher, Xavier. Forneris, Eloïse Obadia, Madelynne Grace Wager

07 december 2024 - 08:56:02
Addis Ababa, Ethiopia (PANA) - The African Continental Free Trade Area (AfCFTA) offers a promising opportunity to revive stagnant investment [...] Full text...

thread Economy

Polls open in Ghana's presidential, parliamentary elections

07 december 2024 - 07:03:18
Accra, Ghana (PANA) - Voting started in Ghana on Saturday to elect a president and 276 parliamentarians as the West [...] Full text...

thread Politics

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

Sudan: US condemns 'in the strongest terms' RSF's attacks on Zamzam IDP camp

06 december 2024 - 05:02:33
Washington, DC, US (PANA) - The United States has condemned “in the strongest terms” this week's attacks by Sudan's paramilitary [...] Full text...

thread Society

Central African Republic designs fiscal instruments for sustainable forestry, economic growth

05 december 2024 - 08:42:15
Bangui, CAR (PANA) - The Central African economy has remained stagnant, with GDP growth estimated to register 0.7% in 2024, [...] Full text...

thread Economy

Droughts: The ‘slow onset, silent killer’

03 december 2024 - 15:22:03
Riyadh, Saudi Arabia (PANA) - Droughts across the world are intensifying and have become a “slow onset, silent killer” to [...] Full text...

thread Environment

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

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

thread Politics

South Africa and Nigeria strengthen ties

03 december 2024 - 07:21:05
Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa will co-chair the 11th Session of the Bi-National Commission [...] Full text...

thread Politics

Unravelling the fragility trap in Central African Republic civil war: World Bank Blog By Pierre Mandon and Vincent Nossek

03 december 2024 - 07:16:48
Bangui, Central African Republic (PANA) - Rebuilding the social contract between the government and its citizens is essential for the [...] Full text...

thread Society

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

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

thread Economy

EC endorses Global Gateway flagship project list for 2025

02 december 2024 - 11:01:24
Brussels, Belgium (PANA) - The Council of the European Union (EU) has endorsed 46 Global Gateway flagship projects for 2025.In [...] Full text...

thread Society

Security, essential service workers vote ahead of Ghana's 2024 presidential, parliamentary elections

02 december 2024 - 07:02:26
Accra, Ghana (PANA) - Members of the security services, health personnel, journalists, elections officials and workers of essential services who [...] Full text...

thread Politics

US congratulates Mauritania on 64th independence anniversary

29 november 2024 - 04:46:24
Washington, DC, US (PANA) - US Secretary of State Antony Blinken has congratulated the government and people of Mauritania on [...] Full text...

thread Politics

Ghanaian political parties to sign peace pact to ensure peaceful election

28 november 2024 - 19:21:34
Accra, Ghana (PANA) -  The National Peace Council (NPC), in collaboration with the Institute of Democratic Governance (IDEG), has scheduled [...] Full text...

thread Politics

UN delegation visits Sebha to strengthen dialogue and support development

28 november 2024 - 15:07:14
Sebha, Libya (PANA) - A United Nations inter-agency delegation, led by Deputy Special Representative of the Secretary-General (DSRSG) for Political [...] Full text...

thread

World Bank approves US$250 million program to strengthen Morocco's municipal solid waste management

28 november 2024 - 08:08:49
Washington, DC, United States (PANA) - The World Bank's Board of Directors has approved the US$250 million Morocco Municipal Solid [...] Full text...

thread Environment

Two-thirds of digital content creators do not fact-check, UNESCO survey reveals

28 november 2024 - 05:14:31
Paris, France (PANA) - In an age when social media dominates global information sharing, an alarming two-thirds of digital content [...] Full text...

thread Society

UN delegation visits Sebha to strengthen dialogue

28 november 2024 - 05:02:43
Sebha, Libya (PANA) - A United Nations inter-agency delegation visited Sebha on Wednesday to engage with key stakeholders and partners [...] Full text...

thread Politics

UN support mission in Libya lauds 'peaceful, transparent' municipal elections

25 november 2024 - 07:33:49
Tripoli, Libya (PANA) - The UN Support Mission in Libya (UNSMIL) has lauded Libyans for the peaceful 16 November municipal [...] Full text...

thread Politics

US, Mauritania hold energy security dialogue

23 november 2024 - 13:33:35
Washington, DC, US (PANA) - The governments of the United States of America and Mauritania last Thursday held their second [...] Full text...

thread Economy

ECOWAS Observation Mission meets stakeholders of Ghana polls ahead of 7 December vote

21 november 2024 - 05:59:48
Accra, Ghana (PANA) - The Core Team of the ECOWAS Long-Term Observation Mission has stepped up consultation meetings with stakeholders [...] Full text...

thread Politics

US Secretary of State, UAE foreign minister discuss Sudan, Middle East crises

21 november 2024 - 05:04:09
Washington, DC, US (PANA) - US Secretary of State Antony Blinken spoke on Wednesday with Emirati Foreign Minister Abdullah bin [...] Full text...

thread Politics

‘Breaking point’ reached on climate, while ‘outdated’ global system needs urgent reform: Guterres

20 november 2024 - 05:09:12
Rio de Janiero, Brazil (PANA) - In a powerful appeal to the world’s largest economies during the G20 Summit, UN [...] Full text...

thread Environment

Debt burden stifles development spending in Africa's poorer countries

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

thread Economy

South Africa to receive G20 presidency this week

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

thread Politics

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

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

thread Politics

Antimicrobial Resistance conference closes with adoption of global pledges to tackle problem

17 november 2024 - 05:03:25
Jeddah, Saudi Arabia (PANA) - The 4th Global High-Level Ministerial Conference on Antimicrobial Resistance (AMR) wrapped up on Saturday with [...] Full text...

thread Health

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Agriculture

US Secretary of State discusses Gaza, Lebanon, Sudan with Saudi, UAE foreign ministers

09 november 2024 - 07:20:01
Washington, DC, US (PANA) - US Secretary of State Antony Blinken has spoken to the foreign ministers of Saudi Arabia [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Environment

Women’s voices lead at World Urban Forum in Cairo

07 november 2024 - 05:44:25
Cairo, Egypt (PANA) - One of the main messages conveyed by women leaders, activists, young people and others gathered for [...] Full text...

thread Society

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

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

thread Society

World Urban Forum in Cairo hears calls for youth-led solutions to urban challenges

06 november 2024 - 05:48:59
Cairo, Egypt (PANA) - Young people gathered in Cairo for the World Urban Forum led calls on Tuesday for action [...] Full text...

thread Environment

EC publishes 2023 international climate finance figures

05 november 2024 - 13:07:39
Brussels, Belgium (PANA) - In 2023, the European Union and its 27 member states contributed €28.6 billion in climate finance [...] Full text...

thread Environment

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

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

thread Economy

US Secretary of State speaks with Egyptian Foreign Minister on Middle East crisis, Sudan

05 november 2024 - 06:36:37
Washington, DC, US (PANA) - US Secretary of State Antony Blinken has spoken with Egyptian Foreign Minister Badr Abdelatty to [...] Full text...

thread Politics

UN mission in Libya holds workshop to enhance role of CSOs in safeguarding electoral process

03 november 2024 - 05:34:02
Tripoli, Libya (PANA) - In anticipation of the upcoming municipal councils' elections set for 16 November, the United Nations Support [...] Full text...

thread Politics

IMF Executive Board approves US$248.5 million for Sierra Leone

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

thread Economy

IMF staff conclude Article IV discussions with Somalia

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

thread Economy

Libyan EC announces holding of municipal council election on 16 November

31 october 2024 - 10:55:12
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) has welcomed the announcement by the High National [...] Full text...

thread Politics

IMF concludes reviews with Kenya

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

thread Economy

US Special Envoy for Sudan travels to Kenya, Uganda, Saudi Arabia and Egypt

31 october 2024 - 04:25:51
Washington, DC, US (PANA) - U.S. Special Envoy for Sudan Tom Perriello is travelling to Kenya, Uganda, Saudi Arabia, and [...] Full text...

thread Politics

US condemns militia attacks against Sudanese civilians

30 october 2024 - 15:11:45
Port Sudan, Sudan (PANA) - The United States on Wednesday issued a statement condemning in the strongest terms recent attacks [...] Full text...

thread Politics

Botswana holds General Elections

30 october 2024 - 11:47:00
Dodoma, Tanzania (PANA) – Tanzanian President Samia Suluhu Hassan has urged “all eligible voters in Botswana to exercise their constitutional [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Society

Togo advances reforms, pursues sound economic policies: IMF

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

thread Economy

AfDB urges practical solutions to tackle poverty in Africa

25 october 2024 - 09:28:05
Washington, DC., US, (PANA) -    Climate change, global financial shocks and growing food insecurity are threatening Africa, the world’s [...] Full text...

thread Economy

USA-Saudi Arabia stress the need to build on Jeddah declaration for resolving conflict in Sudan

24 october 2024 - 05:50:49
Port Sudan, Sudan (PANA) - US Secretary of State Antony Blinken and his Saudi counterpart, Prince Faisal bin Farhan Al [...] Full text...

thread Politics

UN mission in Libya welcomes appointment of Central Bank board of directors

23 october 2024 - 06:34:49
Tripoli, Libya (PANA) - The United Nations Support Mission in Libya (UNSMIL) has welcomed the appointment of the Central Bank [...] Full text...

thread Economy

UN chief advocates for permanent Security Council seats for Africa

22 october 2024 - 05:09:27
Addis Ababa, Ethiopia (PANA) - UN Secretary-General António Guterres has reiterated his call for global institutional reform, highlighting the need [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

Nearly half the world’s 1.1 billion poor live in conflict settings

18 october 2024 - 04:55:56
New York, US (PANA) - More than a billion people worldwide live in acute poverty and 40 per cent are [...] Full text...

thread Society

Kenya's Deputy President taken ill before taking witness stand in impeachment trial

17 october 2024 - 15:47:36
Nairobi, Kenya (PANA) - Kenya's Deputy President Rigathi Gachagua was taken ill on Thursday, shortly before taking the witness stand [...] Full text...

thread Politics

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

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

thread Economy

IMF team assesses Senegal’s finance inspectorate reports

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

thread Economy

Zambia’s drought impact stuns IMF staff team

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

thread Economy

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

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

thread Economy

IMF staff completes 2024 Article IV Consultation Mission to Chad

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

thread Economy

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

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

thread Society

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

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

thread Economy

EU urges action to combat desertification for a sustainable future

14 october 2024 - 14:39:11
Brussels, Belgium (PANA) - The Council of the European Union has adopted conclusions addressing the urgent challenges posed by desertification, [...] Full text...

thread Environment

Benin to contribute $2 million to the African Development Fund

13 october 2024 - 05:22:58
Cotonou, Benin (PANA) - Benin has pledged $2 million to the next replenishment of the African Development Fund (ADF), the [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

IMF team discusses macroeconomic policies on Burkina Faso visit

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

thread Economy

Kenya Parliament approves impeachment motion against Deputy President

09 october 2024 - 08:39:55
Nairobi, Kenya (PANA) -  Kenya's Deputy President Rigathi Gachagua has been impeached after a daylong session in Parliament which ended [...] Full text...

thread Politics

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

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

thread Economy

Kenya Parliament debates motion to impeach Deputy President

08 october 2024 - 14:51:57
Nairobi, Kenya (PANA) - Kenyan Members of Parliament began debating the special motion to remove Deputy President Rigathi Gachagua from [...] Full text...

thread Politics

Equatorial Guinea Economic Update: Designing fiscal instruments for sustainable forestry

08 october 2024 - 10:14:38
Malabo, Equatorial Guinea (PANA) -  The World Bank has issued the 2024 Equatorial Guinea Economic Update which analyses the country’s [...] Full text...

thread Economy

US, Ghana hold security dialogue

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

thread Politics

Quint on Somalia affirms support for country's sovereignty, territorial integrity

04 october 2024 - 05:54:11
Washington, DC, US (PANA) -  Representatives of the Quint on Somalia have affirmed their support for the Federal Republic of [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Economy

Libyan Parliament endorses agreement resolving central bank crisis

01 october 2024 - 12:37:59
Tripoli, Libya (PANA) - The Libyan House of Representatives have unanimously voted, during a plenary session, the agreement ending the [...] Full text...

thread Economy

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

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

thread Economy

US congratulates Botswana on 58th independence anniversary

30 september 2024 - 06:01:04
Washington, DC, US (PANA) - The United States has congratulated Botswana on its 58th independence anniversary which falls on Monday.US [...] Full text...

thread Politics

US Special Envoy for Sudan Perriello travels to Kenya and Ethiopia

30 september 2024 - 05:48:01
Washington, DC, US (PANA) - U.S. Special Envoy for Sudan Tom Perriello is travelling to Nairobi and Addis Ababa from [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Economy

Pact for the Future: World leaders pledge action for peace, sustainable development

23 september 2024 - 05:06:47
New York, US (PANA) - World leaders on Sunday adopted the Pact for the Future, a landmark declaration pledging concrete [...] Full text...

thread Politics

US congratulates Mali on 64th independence anniversary

22 september 2024 - 13:52:17
Washington, DC, US (PANA) - The US on Sunday congratulated the people of Mali on the 64th anniversary of their [...] Full text...

thread Politics

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

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

thread Economy

Youth lead the way ahead of UN Summit of the Future

21 september 2024 - 05:29:42
New York, US (PANA) - Young people took centre stage at UN Headquarters on Friday in the lead-up to the [...] Full text...

thread Politics

Showing resolve amid crisis: Guterres highlights UN impact in annual report

20 september 2024 - 06:35:28
New York, US (PANA) - In a time marked by escalating global crises – from rising poverty to the worsening [...] Full text...

thread Politics

‘Irrefutable’ need for global regulation of AI: UN experts

20 september 2024 - 06:26:31
New York, US (PANA) - The imperative for global regulation of the booming artificial intelligence (AI) field is “irrefutable”, a [...] Full text...

thread Sciences

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

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

thread Society

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

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

thread Politics

IMF staff pledge support to Kenyan authorities in managing challenges

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

thread Society

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

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

thread Society

More action on the ground needed to save civilian lives in Gaza, top UN official tells Security Council

17 september 2024 - 06:50:29
New York, US (PANA) - Not enough progress is being made in getting desperately needed aid and commercial goods into [...] Full text...

thread Society

Unchecked AI threatens democracy, warns UN chief

15 september 2024 - 20:15:06
New York, US (PANA) - Left unchecked, artificial intelligence (AI) could destabilise democratic systems by spreading disinformation, fuelling hate speech [...] Full text...

thread Politics

U.S.-Nigeria Strategic Energy Dialogue highlights key bilateral cooperation

12 september 2024 - 05:43:11
Washington, DC, US (PANA) - The delegations at the inaugural U.S.-Nigeria Strategic Energy Dialogue taking place in Washington, DC, on [...] Full text...

thread Economy

Summit of the Future aims to make the UN more effective

12 september 2024 - 05:32:13
New York, US (PANA) - Negotiations continue ahead of the Summit of the Future at UN Headquarters this month, where [...] Full text...

thread Politics

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

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

thread Society

IMF praises Uganda’s economic recovery efforts with low inflation

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

thread Economy

US State Department, Nigeria host “Global Inclusivity and AI: Africa” conference in Lagos

10 september 2024 - 05:48:23
Washigton, DC, US (PANA) - The U.S. Department of State and Nigerian Federal Ministry of Communications, Innovation and Digital Economy [...] Full text...

thread Society

UN Deputy Secretary-General begins consultations with Libyan officials

09 september 2024 - 12:43:00
Tripoli, Libya (PANA) - The United Nations Under-Secretary-General for Political and Peacebuilding Affairs, Rosemary DiCarlo, on Sunday began consultations in [...] Full text...

thread Politics

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

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

thread Economy

South Africa attends African Ministerial Conference on Environment

05 september 2024 - 11:27:34
Cape Town, South Africa (PANA) – South Africa’s Minister of Forestry, Fisheries and the Environment, Dr Dion George, is participating [...] Full text...

thread Environment

Make AI work for everyone: Guterres

04 september 2024 - 05:32:10
New York, US (PANA) - The UN Secretary-General on Tuesday called for global cooperation in sharing the transformative potential of [...] Full text...

thread Society

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

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

thread Environment

IMF approves US$7.3 million disbursement to Guinea Bissau

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

thread Economy

Partnership in the water and sanitation sector brings hope to DR Congo: World Bank Blog By Saroj Kumar Jha, Nancy Eslick and David Tshilumba Mutombo

29 august 2024 - 11:11:22
Kinshasa, DR Congo (PANA) - In the Democratic Republic of Congo (DRC) many people have to walk to  rivers to [...] Full text...

thread Society

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

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

thread Economy

IMF, Liberia reach staff-level agreement on new 40-month Extended Credit Facility Arrangement

27 august 2024 - 07:48:04
Washington, DC, US (PANA) - International Monetary Fund staff and the Liberian authorities have reached a staff-level agreement on a [...] Full text...

thread Economy

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

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

thread Society

Status quo ‘not sustainable’ in increasingly unstable Libya, Security Council hears

20 august 2024 - 17:32:46
New York, US (PANA) - Recent “unilateral acts” by rival sides in Libya have led to a rapid deterioration in [...] Full text...

thread Politics

Libyan Presidential Council fires Governor of Central Bank

19 august 2024 - 12:37:29
Tripoli, Libya (PANA) - The Libyan Presidential Council has announced that it has "unanimously" decided to fire the Governor of [...] Full text...

thread Economy

South African President Ramaphosa salutes heritage expert Muxe Nkondo

19 august 2024 - 12:08:50
Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa has paid tribute to well-known academic and heritage expert [...] Full text...

thread Society

Designing sustainable participatory processes: Lessons from Kenya: World Bank Blog By Annette Akinyi Omolo and Helene Carlsson Rex

16 august 2024 - 07:39:53
Nairobi, Kenya (PANA) - In Kenya, public participation is both a cornerstone of sustainable development and a right enshrined in [...] Full text...

thread Society

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

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

thread Society

Congo designs fiscal instruments for sustainable forestry, economic growth

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

thread Economy

UN Security Council: Africa deserves permanent seat at the table, says Guterres

13 august 2024 - 05:43:01
New York, US (PANA) - UN Secretary-General António Guterres on Monday called for urgent reform of the Security Council, criticising [...] Full text...

thread

Bold fiscal reforms can unlock Cameroon’s full potential

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

thread Economy

Senior US diplomat travels to Kenya, Ethiopia

05 august 2024 - 06:53:05
Washington, DC, US (PANA) - US Under Secretary of State for Civilian Security, Democracy, and Human Rights, Uzra Zeya, is [...] Full text...

thread Politics

Three-in-one project to foster human capital development in Burundi

02 august 2024 - 06:33:10
Bujumbura, Burundi (PANA) - With a focus on nutrition, healthcare and education, a new World Bank-financed project will empower boys [...] Full text...

thread Society

CAF investigates allegations of breach of internal governance and auditing regulations

02 august 2024 - 05:58:08
Cairo, Egypt (PANA) - Africa's football governing body, the Confederation of African Football (CAF) has requested its Audit and Governance [...] Full text...

thread Sports

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

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

thread Economy

Minister says South Africans have failed Mandela

01 august 2024 - 07:55:14
Cape Town, South Africa (PANA) – South Africa's Minister of Sports, Arts and Culture, Gayton McKenzie, has encouraged citzens to [...] Full text...

thread Politics

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

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

thread Economy

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

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

thread Economy

UN development Summit looks into global financial reforms

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

thread Economy

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

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

thread Economy

IMF management approves Staff Monitored Programme for Equatorial Guinea

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

thread Economy

CAR faces tough socioeconomic situation in governance reforms: IMF

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

thread Economy

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

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

thread Economy

ECOWAS deploys pre-election fact-finding mission to Ghana

24 july 2024 - 07:46:23
Accra, Ghana (PANA) - Ahead of Ghana’s General Elections scheduled for 7 December 2024, the Economic Community of West African [...] Full text...

thread Politics

UN leaders urge ‘maximum political will’ to rescue SDGs

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

thread Politics

Kenya's Ruto names half-Cabinet amid continuing anti-govt protests

19 july 2024 - 17:58:19
Nairobi, Kenya (PANA) - Kenya's embattled President William Ruto named a partial Cabinet on Friday, five weeks after anti-government protests [...] Full text...

thread Politics

Security Council debates Gaza crisis, as civilian suffering continues unabated

17 july 2024 - 18:18:37
New York, US (PANA) - The UN Security Council on Wednesday convened an open debate on the ongoing crisis in [...] Full text...

thread Politics

Stakeholders conclude key AfDB workshop on Connectivity Portal

16 july 2024 - 06:40:08
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has concluded a two-day preparatory workshop on implementing the African [...] Full text...

thread Economy

South Sudan faces a growing humanitarian crisis, warns WHO

15 july 2024 - 18:58:54
Geneva, Switzerland (PANA) - Twelve years on from independence the people of South Sudan continue to face huge challenges, exacerbated [...] Full text...

thread Health

Senior US diplomat visits Ghana, Gabon, Senegal

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

thread Politics

EAC deploys 55 observers for Rwanda elections

13 july 2024 - 12:11:12
Kigali, Rwanda (PANA) - The East African Community (EAC) has put on the ground a 55-member election observation mission for [...] Full text...

thread Politics

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

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

thread Politics

Stephanie Khoury talks to Libyan parliamentarians about ways of breaking the political deadlock in Libya

12 july 2024 - 15:39:19
Tripoli, Libya (PANA) - The Deputy Special Representative of the Secretary-General and Acting Head of the United Nations Mission of [...] Full text...

thread Politics

IMF Executive Board concludes 2024 Article IV consultation with Libya

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

thread Economy

AU– COMESA Election Observer Mission arrives in Kigali

10 july 2024 - 16:29:53
Kigali, Rwanda (PANA) - The joint African Union Commission (AUC) and the Common Market for Eastern and Southern Africa (COMESA) [...] Full text...

thread Politics

IMF completes Gambia’s first review under Extended Credit Facility

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

thread Economy

US 'deeply concerned' about minerals supply chains from Rwanda and eastern DRC contributing to ongoing conflict

09 july 2024 - 17:31:49
Washington, DC, US (PANA) - The US said in Tuesday that it is “deeply concerned” by the ongoing conflict in [...] Full text...

thread Politics

Tens of thousands displaced as fighting intensifies in southeast Sudan

06 july 2024 - 09:12:09
Geneva, Switzerland (PANA) - Fresh fighting in southeast Sudan is exacerbating civilian suffering, with reports that over 136,000 people have [...] Full text...

thread Society

Refugees, migrants face violence, abuse and death on routes across Africa, new data shows

06 july 2024 - 09:06:09
Geneva, Switzerland (PANA) - Refugees and migrants continue to face extreme forms of violence, exploitation and death on sea and [...] Full text...

thread Society

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

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

thread Environment

Gaza is a ‘maelstrom of human misery’

03 july 2024 - 05:56:30
New York, US (PANA) - With their homes shattered and lives upended by war, civilians in Gaza are clinging to [...] Full text...

thread Society

President of Communit Court of Justice, ECOWAS, commends ECOWAS Parliament for its effortto defend demoracy, good governance in region

02 july 2024 - 21:06:31
Abuja, Nigeria (PANA) -The President of the Community Court of Justice, ECOWAS, Mr. Justice Edward Amoako Asante, has commended the [...] Full text...

thread Society

AfDB, JICA align priorities ahead of TICAD9 summit

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

thread Economy

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

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

thread Economy

IMF staff completes 2024 Article IV mission to Zimbabwe

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

thread Economy

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

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

thread Economy

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

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

thread Economy

Climate-smart focus in livestock sector can help Tanzania increase production, generate jobs

26 june 2024 - 10:22:23
Dar es Salaam, Tanzania (PANA) - Tanzania can significantly boost its livestock sector's economic contribution with a bold and comprehensive [...] Full text...

thread Agriculture

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

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

thread Economy

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

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

thread Economy

UN rights expert calls for safeguarding of independence of judges, lawyers

26 june 2024 - 06:08:19
Geneva, Switzerland (PANA) - The independent UN expert safeguarding the independence of judges and lawyers on Tuesday warned that the [...] Full text...

thread Society

Vast majority of countries yet to have a woman Head of State - UN agency

25 june 2024 - 13:13:37
New York, US (PANA) - In what is the biggest electoral year ever, 113 countries have still never had a [...] Full text...

thread Gender

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

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

thread Economy

World Bank offers US$700 million to help Egypt achieve sustainable, diversified and resilient growth

24 june 2024 - 08:13:39
Washington, DC, United States (PANA) - The World Bank has announced US$700 million in Development Policy Financing (DPF) for the [...] Full text...

thread Economy

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

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

thread Economy

IMF traces signs of macroeconomic stabilisation in Comoros

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

thread Economy

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

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

thread Agriculture

Integrity and transparency of spending and security in Sub-Saharan Africa. Are they the missing links? World Bank Blog By Yousif Elmahdi and Gael Raballand

21 june 2024 - 13:22:23
Ouagadougou, Burkina Faso (PANA) - Security spending is on the rise in several regions in Sub-Saharan Africa. However, in contexts [...] Full text...

thread Society

IMF Board approves US$ 149.4 million budget support for Tanzania

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

thread Economy

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

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

thread Economy

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

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

thread Society

African Union approves artificial intelligence strategy

17 june 2024 - 21:57:53
Addis Ababa, Ethiopia (PANA) - African Information and Communications Ministers have unanimously endorsed landmark Continental Artificial Intelligence (AI) Strategy, the [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

ECOWAS court organizes training on e-case in Ghana

14 june 2024 - 18:39:19
Abuja, Nigeria (PANA) - The ECOWAS Court of Justice on Friday commenced a week-long sensitization and training programme for lawyers [...] Full text...

thread Society

AfDB, Ethiopia launch $94 million project to boost Climate Resilient Wheat

13 june 2024 - 12:10:56
Addis Ababa, Ethiopia (PANA) - The African Development Bank (AfDB) Group and the government of Ethiopia, in partnership with the [...] Full text...

thread Agriculture