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 concludes review of Morocco’s RSF arrangement, allows disbursement of US$415 million

13 november 2024 - 07:54:46
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the second review [...] 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

IMF staff, Niger authorities concur on sixth review of economic programme under ECF

12 november 2024 - 11:05:01
Niamey, Niger (PANA) - Niger’s economic outlook is favourable over the near term, with growth projected at 8.8 percent this [...] Full text...

thread Economy

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

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

thread Society

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

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

thread Society

Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans

09 november 2024 - 09:56:14
Washington DC, United States (PANA) – Countries are entering a critical phase in achieving the health Sustainable Development Goals (SDGs), [...] Full text...

thread Health

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

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

thread Economy

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

08 november 2024 - 07:47:03
Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) and Guinea Bissau have reached staff-level agreement on economic policies [...] Full text...

thread Economy

Gambia, IMF reach staff-level agreement on second review of ECF arrangement

05 november 2024 - 07:26:28
Banjul, Gambia (PANA) – International Monetary Fund (IMF} staff and the Gambian authorities have reached a staff-level agreement on economic [...] Full text...

thread Economy

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

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

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

Development Committee praises WBG resolve to contain Mpox pandemic in Africa

26 october 2024 - 16:54:11
Washington, DC, United States (PANA) – The World Bank Group’s Development Committee has welcomed the steps taken by the institution [...] Full text...

thread Health

Togo advances reforms, pursues sound economic policies: IMF

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

thread Economy

IMF Managing Director outlines global policy agenda

25 october 2024 - 11:09:16
Washington, DC, United States (PANA) - The global economy is in danger of getting stuck on a low-growth, high-debt path, [...] Full text...

thread Economy

Spain announces early commitment of €400 million to IDA, nearly 40% increase in pledge

24 october 2024 - 17:55:28
Washington, DC, United States (PANA) - Spain has announced an early financial commitment of €400 million to the International Development [...] Full text...

thread Economy

Joint IMF-Regional Financing Arrangements hold dialogue on effective collaboration

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

thread Economy

Global financial fragilities mount despite rate cuts and buoyant markets: IMF Blog By Tobias Adrian, Sheheryar Malik, and Jason Wu

23 october 2024 - 10:10:27
Washington, DC, United States (PANA) - When it comes to financial stability, the world is facing a split screen of [...] Full text...

thread Economy

Rwanda’s economic growth among strongest in Sub-Saharan Africa: IMF

23 october 2024 - 08:51:42
Kigali, Rwanda (PANA) – International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies needed [...] Full text...

thread Economy

How high economic uncertainty may threaten global financial stability: IMF Blog By Mario Catalán, Andrea Deghi and Mahvash S. Qureshi

20 october 2024 - 14:53:14
Washington, DC, United States (PANA) - Uncertainty is not as easily measured as traditional indicators like growth or inflation, but [...] Full text...

thread Economy

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

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

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

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

thread Economy

IMF staff completes 2024 Article IV Consultation Mission to Chad

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

thread Economy

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

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

thread Economy

When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier

12 october 2024 - 14:23:40
Washington DC, United States (PANA) – With major central banks now cutting policy rates, the global interest rate cycle is [...] Full text...

thread Economy

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

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

thread Economy

IMF and WBG announce Tanzania is second beneficiary of Enhanced Cooperation Framework for Climate Action

11 october 2024 - 18:03:53
Dar es Salaam, Tanzania (PANA) - The World Bank Group (WBG) and the International Monetary Fund (IMF) have announced Tanzania [...] Full text...

thread Environment

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

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

thread Economy

We must place our hope in multilateralism: IMF article By Gordon Brown, former Prime Minister of the United Kingdom

11 october 2024 - 11:13:20
London, United Kingdom (PANA) – Only by working together can countries fend off fragmentation and deepening crises “Those who look only [...] Full text...

thread Economy

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

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

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

thread Economy

IMF, WB, WHO step up cooperation on pandemic preparedness

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

thread Health

IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility

04 october 2024 - 13:00:46
Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Society

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

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

thread Economy

Subdued outlook constrains Eswatini’s ability to respond to social needs: IMF

01 october 2024 - 07:53:37
Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...

thread Economy

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

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

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

Political parties of all stripes are pushing for higher government spending: IMF Blog By Era Dabla-Norris, Enrico Di Gregorio, and Yongquan Cao

17 september 2024 - 10:49:24
Washington, DC, United States (PANA) - Conservative politics has traditionally been defined by its emphasis on fiscal prudence and the [...] Full text...

thread Politics

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

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

thread Economy

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

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

thread Economy

IMF underlines wise spending of public revenue in Lesotho

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

thread Economy

How to Awaken Europe's Private Sector and Boost Economic Growth: IMF Blog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer

12 september 2024 - 10:09:07
Washington, DC, United States (PANA) - In the European Union, income per person, one of the main gauges of living [...] Full text...

thread Economy

IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient

11 september 2024 - 10:34:26
Gaborone, Botswana (PANA) – Due to a diamond market contraction,   Botswana’s economic growth is expected to slow to 1 percent [...] Full text...

thread Economy

IMF praises Uganda’s economic recovery efforts with low inflation

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

thread Economy

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

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

thread Economy

Despite declining growth South Africa can repay IMF, Board concludes

05 september 2024 - 11:21:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Gender

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

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

Carbon emissions from AI and crypto are surging and tax policy can help: IMF Blog By Shafik Hebous and Nate Vernon-Lin

16 august 2024 - 08:02:31
Washington, DC, United States (PANA) - What do crypto assets and artificial intelligence have in common? Both are power hungry.Because [...] Full text...

thread Economy

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

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

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

thread Society

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

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

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

IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund

17 july 2024 - 19:16:07
Washington, DC, United States (PANA) - International Monetary Fund (IMF) Managing Director, Kristalina Georgieva announced on Wednesday that Deputy Managing [...] Full text...

thread Society

Global growth steady amid slowing disinflation and rising policy uncertainty: IMF Blog By Pierre-Olivier Gourinchas

16 july 2024 - 17:45:18
Washington DC, United States (PANA) - Our global growth projections are unchanged at 3.2 per cent this year and slightly [...] Full text...

thread Economy

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

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

thread Economy

Diamond market contraction slows down Botswana’s growth

13 july 2024 - 11:17:19
Gaborone, Botswana (PANA) - Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a [...] Full text...

thread Economy

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

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

IMF completes fourth review of Mozambique’s ECF, releases US$60.03 million budget support

09 july 2024 - 08:05:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has announced completion of the [...] Full text...

thread Economy

Guinea-Bissau implements IMF’s general data dissemination system

09 july 2024 - 07:17:47
Washington, DC, United States (PANA) - With the successful launch of a new data portal—the National Summary Data Page — [...] Full text...

thread Economy

IMF Executive Board holds Post-Financing Assessment Consultation with Angola

04 july 2024 - 10:10:00
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Post Financing Consultation [...] Full text...

thread Economy

IMF, World Bank Group announce Joint Bretton Woods at 80 initiative

02 july 2024 - 07:04:38
Washington, DC, United States (PANA) - In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference [...] Full text...

thread Society

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 concludes 2024 Article consultation with Benin

28 june 2024 - 11:36:18
Washington, DC, USA (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the 2024 Article IV [...] 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

Sovereign debt restructuring process improving amid cooperation and reform: IMF Blog By Ceyla Pazarbasioglu

27 june 2024 - 10:23:36
Washington, DC, United States (PANA) - The global economy avoided what could have been a systemic debt crisis during the [...] Full text...

thread Economy

Kenyans brace themselves for more protests despite President Ruto's U-turn on Finance Bill

27 june 2024 - 10:19:27
Nairobi, Kenya (PANA) - Kenyans are bracing themselves for another wave of protests on Thursday despite President William Ruto withdrawing [...] Full text...

thread Politics

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

IMF, US State Department express concern about bloody Kenya riots

27 june 2024 - 06:27:42
Washington, DC, United States (PANA) - The International Monetary Fund (IMF) and US Department of State have expressed concern about [...] Full text...

thread Politics

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

Mapping the world's readiness for Artificial Intelligence shows prospects diverge: IMF Blog By Giovanni Melina

25 june 2024 - 18:35:05
Washington, DC, United States (PANA) - Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could [...] Full text...

thread Sciences

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

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

Madagascar: First country to benefit from Enhanced Cooperation Framework for Scaled-Up Climate Action

22 june 2024 - 10:58:49
Washington, DC, United States (PANA) - The World Bank Group (WBG) and International Monetary Fund (IMF) have announced that the [...] Full text...

thread Environment

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

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

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

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

thread Economy

Fiscal policy can help broaden gains of AI to humanity: IMF Blog By Era Dabla-Norris and Ruud de Mooij

17 june 2024 - 16:28:55
Washington, DC, USA (PANA) - New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public [...] 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 strengthens capacity of fragile states on debt management

13 june 2024 - 10:36:49
Addis Ababa, Ethiopia (PANA) - The African Development Bank (AfDB) Group has launched a series of training programmes to support [...] Full text...

thread Economy

IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements

12 june 2024 - 10:21:16
Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...

thread Economy

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

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

thread Economy

IMF urges South Sudan to uphold prudent macroeconomic policies

11 june 2024 - 11:55:15
Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...

thread Economy

Togo keeps its economic performance robust through growth-friendly fiscal consolidation: IMF

11 june 2024 - 10:15:27
Lomé, Togo (PANA) – Togo’s economic growth reached an estimated 5.6 percent in 2023, and inflation has fallen to 2.6 [...] Full text...

thread Economy

IMF, Egypt reach staff level deal on third review of EFF arrangement

07 june 2024 - 11:10:31
Cairo, Egypt (PANA) - While geopolitical tensions and their impact on Egypt remain challenging, the country’s authorities have stayed the [...] Full text...

thread Economy

São Tomé and Príncipe faces serious economic challenges: IMF

07 june 2024 - 07:20:04
São Tomé, São Tomé and Príncipe (PANA) - Accelerating reforms of the energy sector is urgently needed to alleviate pressures [...] Full text...

thread Economy

IMF reaches staff-level deal on third review of Zambia’s ECF

05 june 2024 - 13:52:47
Lusaka, Zambia (PANA) - The International Monetary Fund (IMF) and Zambia have reached a staff-level agreement on economic policies and [...] Full text...

thread Economy

Mauritania’s economy set to attain 4.3 percent growth in 2024

05 june 2024 - 10:32:26
Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...

thread Economy

As IMF turns 80, mounting global challenges mean world must work together: IMF Blog By By Gita Bhat

04 june 2024 - 13:41:42
Washington DC, USA (PANA) –  As IMF turns 80, mounting global challenges mean world must work together. Our biggest challenges—from [...] Full text...

thread Economy

IMF, Cameroon reach staff-level agreement on first review of ECF, RSF

04 june 2024 - 11:51:18
Yaoundé, Cameroon (PANA) - The International Monetary Fund (IMF) and the Cameroonian authorities have reached a staff-level agreement on the [...] Full text...

thread Economy

Seychelles withstands climate shocks, continued volatility in external environment

04 june 2024 - 10:40:06
Victoria, Seychelles (PANA) - The Seychelles economy has continued to demonstrate resilience, despite continued volatility in the external environment and [...] Full text...

thread Economy

IMF must listen to the needs of its global membership and adapt to emerging challenges: IMF Regional Perspectives By William Ruto, President of Kenya

03 june 2024 - 17:24:44
Nairobi, Kenya (PANA) - For over eight decades, the International Monetary Fund (IMF) has stood as a pillar of global [...] Full text...

thread Economy

IMF, Niger reach staff-level deal on reviews of ECF and RSF

01 june 2024 - 18:05:10
Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] Full text...

thread Economy

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

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

thread Environment

World Bank supports Ghana to strengthen its financial sector

31 may 2024 - 09:44:44
Accra, Ghana (PANA) - The World Bank has approved a $250 million International Development Association (IDA) credit for a five-year [...] Full text...

thread Economy

IMF Board concludes first review of ECF for Somalia

30 may 2024 - 10:06:36
Mogadishu, Somalia (PANA) – The International Monetary Fund (IMF) has allowed an immediate disbursement of US$10 million to Somalia to [...] Full text...

thread Economy

Congo, IMF staff reach deal on fifth review under ECF arrangement

30 may 2024 - 08:40:40
Brazzaville, Congo (PANA) – International Monetary Fund (IMF) staff has reached staff-level agreement on the Fifth Review of the Extended [...] Full text...

thread Economy

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

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

thread Economy

IMF welcomes Gabon’s rebound in economic growth

29 may 2024 - 14:10:19
Libreville, Gabon (PANA) - The Executive Board of the International Monetary Fund (IMF) has welcomed Gabon’s rebound in growth and [...] Full text...

thread Economy

IMF reaches staff-level deal with Tanzania on RSF, third review of ECF

18 may 2024 - 08:47:38
Dar es Salaam, Tanzania (PANA) – Tanzania’s authorities and the International Monetary Fund (IMF) have reached staff-level agreement on a [...] Full text...

thread Economy

Mauritius economy rebounds on back of tourism, housing construction

17 may 2024 - 08:24:36
Port Louis, Mauritius (PANA) - The Mauritius economy has rebounded strongly from the pandemic on the back of buoyant tourism, [...] Full text...

thread Economy

IMF staff complete visit to Mozambique

17 may 2024 - 08:09:30
Maputo, Mozambique (PANA) - An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, had discussions with the [...] Full text...

thread Economy

IMF proposes reforms to Libya's financial sector

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

thread Economy

IMF Executive Board approves US$8.1 million disbursement for Guinea Bissau

14 may 2024 - 07:54:18
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the fourth and fifth [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

IMF, Zambian officials discuss economic impact of current drought

09 may 2024 - 16:11:48
Lusaka, Zambia (PANA) - Zambian officials and the International Monetary Fund (IMF) staff have advanced technical work as part of [...] Full text...

thread Economy

IMF Executive Board approves US$71 million in Emergency Financing Support for Guinea

07 may 2024 - 05:41:13
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved a disbursement of SDR [...] Full text...

thread Economy

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

04 may 2024 - 11:03:47
Banjul, Gambia (PANA) - The Gambian economic activity is recovering robustly as the country continues to advance its reform agenda [...] Full text...

thread Economy

Senegal maintains resilience despite economic challenges: IMF

04 may 2024 - 09:25:20
Dakar, Senegal (PANA) - A team from the International Monetary Fund (IMF) has concluded a mission to Senegal affirming that [...] Full text...

thread Economy

IMF team reaches staff-level deal with Mali on rapid credit

01 may 2024 - 09:26:17
Bamako, Mali (PANA) – International Monetary Fund (IMF) staff and the Malian authorities have reached a staff-level agreement on emergency [...] Full text...

thread Economy

Harnessing Sub-Saharan Africa’s critical mineral wealth

29 april 2024 - 18:48:51
Kinshasa, DR Congo (PANA) - From electric vehicles to solar panels to future innovations, the global transition to clean energy [...] Full text...

thread Economy

Sierra Leone needs to manage its debt on sustainable path: IMF

23 april 2024 - 10:04:28
Freetown, Sierra Leone (PANA) – Despite tightened macroeconomic policies in 2023 and into the first quarter of 2024, Sierra Leone [...] Full text...

thread Economy

CAR struggles to stabilise economy against complex humanitarian crisis

21 april 2024 - 11:33:36
Bangui, Central African Republic (PANA) – The authorities in Central African Republic (CAR) and the International Monetary (IMF) staff have [...] Full text...

thread Economy

Sub-Saharan Africa faces turning point

20 april 2024 - 10:49:24
Dar es Salaam, Tanzania (PANA) - After four turbulent years, the outlook for sub-Saharan Africa is gradually improving, according to [...] Full text...

thread Economy

Libya, US hold talks on energy sector

19 april 2024 - 12:38:57
Tripoli, Libya (PANA) - Libya's interim oil and finance ministers on Thursday discussed a number of strategic issues with US [...] Full text...

thread Economy

Libyan finance minister holds series of meetings at IMF-World Bank Spring meetings

18 april 2024 - 11:22:07
Tripoli, Libya (PANA) - Libya's Minister of Finance in the Government of National Unity, Khaled al-Mabrouk on Wednesday took part [...] Full text...

thread Economy

Why our world needs fiscal restraint in biggest-ever election year: IMF Blog By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro, Jiae Yoo

17 april 2024 - 17:37:06
Washington DC, United States (PANA} - The global economic and financial outlook has improved in the last six months. Inflation has [...] Full text...

thread Economy

Libya attends meeting of IMF's African Consultative Group

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

thread Economy

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

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

thread Economy

Libyan government of national unity discusses investment guarantees with MIGA

16 april 2024 - 18:40:25
Tripoli, Libya (PANA) - A high-level delegation from the Libyan government of national unity has discussed with the management of [...] Full text...

thread Economy

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

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

thread Economy

IMF acknowledges Ghana’s strong performance under ECF arrangement

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

thread Economy

IMF Board selects Kristalina Georgieva for second term as Managing Director

13 april 2024 - 09:52:56
Washington, DC, USA (PANA) - The International Monetary Fund (IMF) has in recent years helped member countries to navigate successive [...] Full text...

thread Society

Industrial policy is back but the bar to get it right is high: IMF Blog By Anna Ilyina, Ceyla Pazarbasioglu, Michele Ruta

12 april 2024 - 16:14:18
Washington DC, USA (PANA) - Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more [...] Full text...

thread Economy

EU provides €1 billion macro-financial assistance to Egypt

12 april 2024 - 11:45:56
Brussels, Belgium (PANA) - The European Union (EU) will provide €1 billion of urgent short-term macro-financial assistance to Egypt to [...] Full text...

thread Society

Industrial policy is not magic cure for slow growth: IMF Blog By Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu

11 april 2024 - 08:42:06
Washington, D.C., USA (PANA) – Many countries are ramping up industrial policy to boost innovation in specific sectors in the [...] Full text...

thread Economy

World must prioritise productivity reforms to revive medium-term growth: IMF Blog By Nan Li, Diaa Noureldin

10 april 2024 - 15:12:53
Washington DC, USA (PANA) - The world economy faces a sobering reality. The global growth rate - stripped of cyclical [...] Full text...

thread Economy

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

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

thread Economy

Executive Board concludes review of IMF capacity development strategy

10 april 2024 - 09:46:30
Washington, D.C., United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the third quinquennial [...] Full text...

thread Economy

World Bank Group announces new approach to measuring impact

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

thread Society

Emerging markets exercising greater global sway: New IMF Blog By Nicolas Fernandez-Arias, Alberto Musso, Carolina Osorio-Buitron, Adina Popescu

09 april 2024 - 15:42:15
Washington DC, United States (PANA) - The global economy is increasingly influenced by the Group of Twenty’s large emerging markets. Over [...] Full text...

thread Economy

IMF reaches staff level agreement with Côte d’Ivoire on review of EFF/ECF arrangements

09 april 2024 - 08:02:47
Abidjan, Côte d’Ivoire (PANA) - An International Monetary Fund (IMF) staff team and the authorities in Côte d’Ivoire have reached [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

Georgieva only candidate for IMF Managing Director’s selection

05 april 2024 - 07:21:02
Washington, DC, United States (PANA) - The current Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has been [...] Full text...

thread Society

Seychelles, IMF mission reach staff-level deal on second reviews under EFF and RSF

04 april 2024 - 10:10:46
Victoria, Seychelles (PANA) - The Seychellois economy continued to recover in 2023 and is moving closer to pre-pandemic norms despite [...] Full text...

thread Economy

IMF considers Ethiopia’s request for reform programme support

03 april 2024 - 07:35:21
Addis Ababa, Ethiopia (PANA) - An International Monetary Fund (IMF) staff team led by Mr. Alvaro Piris on Tuesday concluded [...] Full text...

thread Economy

Hidden debt hurts economies. Better disclosure laws can help ease the pain: IMF Blog By Alissa Ashcroft, Karla Vasquez, Rhoda Weeks-Brown

02 april 2024 - 15:28:55
Washington, United States (PANA) - If efforts to address record global public debt are to leave no stone unturned, then [...] Full text...

thread Economy

IMF approves augmentation of Egypt’s EFF arrangement

30 march 2024 - 10:06:59
Cairo, Egypt (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the first and second [...] Full text...

thread Economy

Algerian economy struggles with persistent inflation - IMF

30 march 2024 - 09:31:53
Algiers, Algeria (PANA) - Algeria’s economy is estimated to have grown by 4.2 per cent in 2023, a robust performance [...] Full text...

thread Economy

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

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

thread Economy

Fundamental economic changes require a departure from simplistic economics: IMF Blog By Diane Coyle

27 march 2024 - 08:56:33
Cambridge, UK (PANA) - The economy of the 2020s is a world away from the economy of the mid-20th century, [...] Full text...

thread Economy

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

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

thread Economy

IMF deputy MD says Angola has a promising future

21 march 2024 - 10:18:08
Luanda, Angola (PANA) - Implementation of economic reforms in the areas of fiscal management, revenue mobilisation, financial stability, and central [...] Full text...

thread Economy

IMF concludes 2024 discussions on common policies of WAEMU member countries

20 march 2024 - 11:09:46
Dakar, Senegal (PANA) - The West African Economic and Monetary Union (WAEMU) has proved resilient amid significant adverse shocks, maintaining [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

IMF approves US$1.3 billion under RSF for Cote d’Ivoire

16 march 2024 - 07:50:19
Abidjan, Côte d’Ivoire (PANA) - The International Monetary Fund (IMF) has approved a 30-month Resilience and Sustainability Facility (RSF) arrangement [...] Full text...

thread Economy

IMF investigates cyber-security incident

16 march 2024 - 06:55:47
Washington, DC United States (PANA) - The International Monetary Fund (IMF) recently experienced a cyber incident, which was detected on [...] Full text...

thread Society

IMF Executive Board initiates selection process for next Managing Director

14 march 2024 - 10:12:10
Washington, DC, United States (PANA) – Coordinators of the International Monetary Fund (IMF) Executive Board, Mr. Afonso S. Bevilaqua and [...] Full text...

thread Society

IMF reaches staff-level deal with Guinea Bissau on ECF reviews

12 march 2024 - 16:58:47
Bissau, Guinea Bissau (PANA) – Authorities in Guinea Bissau face important near-term risks, including policy implementation challenges stemming from a [...] Full text...

thread Economy

IMF staff complete deal on first review of Somalia’s ECF arrangement

09 march 2024 - 08:00:52
Mogadishu, Somalia (PANA) - Somalia’s economic growth is expected to strengthen in 2024 supported by continued recovery in agriculture, remittances, [...] Full text...

thread Economy

Burkina Faso prepares for ECF review by IMF Executive Board in May

08 march 2024 - 08:45:57
Ouagadougou, Burkina Faso (PANA) - International Monetary Fund (IMF) staff and Burkinabè authorities have reached staff-level agreement on economic policies [...] Full text...

thread Economy

IMF approves US$120 million credit for Uganda’s recovery from recent shocks

07 march 2024 - 07:20:36
Kampala, Uganda (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the fifth review of [...] Full text...

thread Economy

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

07 march 2024 - 06:20:55
Cairo, Egypt (PANA) - International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a [...] Full text...

thread Economy

Beyond efficiency: A more-human economics: IMF Blog By Gita Bhatt

06 march 2024 - 11:42:57
Washington, United States (PANA) - John Maynard Keynes, memorialising the death of his mentor Alfred Marshall a century ago, wrote [...] Full text...

thread Economy

Price-tag policymaking doesn’t measure things that matter to people: IMF Blog By Katharina Pistor

05 march 2024 - 11:24:49
Washington, DC, United States (PANA) - Rule by price has become not only in economics but in public policy too. [...] Full text...

thread Economy

Address food insecurity as priority, IMF advises Nigeria

05 march 2024 - 07:34:43
Abuja, Nigeria (PANA) - Nigeria’s economic outlook is challenging, while addressing food insecurity should be the immediate priority of the [...] Full text...

thread Economy

Ghana's president will take decision on LGBTQ+ bill after top court ruling

05 march 2024 - 05:52:58
Accra, Ghana (PANA) - Ghana's President Nana Addo Dankwa Akufo-Addo said on Monday that he would await the Supreme Court’s [...] Full text...

thread Society

Ghana's Finance ministry urges President to pause assent to anti-LGBTQ bill

04 march 2024 - 14:29:54
Accra, Ghana (PANA) - As the controversial the controversial anti-LGBTQI+ bill passed by Ghana's Parliament, which criminalises the promotion, advocacy, and funding [...] Full text...

thread Society

IMF avails US$390 million under ECF for poverty reduction in Togo

02 march 2024 - 10:50:09
Lomé, Togo (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 42-month arrangement of US$390 [...] Full text...

thread Economy

New Malawi Economic Monitor calls for commitment to economic reforms to sustain emerging recovery

27 february 2024 - 07:59:36
Lilongwe, Malawi (PANA)  – Malawi’s medium-term growth outlook is improving because of bold reforms undertaken by the government in 2023 [...] Full text...

thread Economy

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

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

thread Economy

G7 leaders declare war on Russian economy among measures for supporting Ukraine

25 february 2024 - 09:52:12
Brussels, Belgium (PANA) - As Russia’s war of aggression against Ukraine continues, leaders of the Group of Seven (G7) have [...] Full text...

thread Politics

Mauritius maintains post-pandemic favourable outlook for growth: IMF

24 february 2024 - 10:31:35
Port Louis, Mauritius (PANA) - The Mauritian economy rebounded strongly from the pandemic, while inflationary pressures eased in 2023, with [...] Full text...

thread Economy

Investment set to boost Morocco’s output growth: IMF

22 february 2024 - 10:57:32
Rabat, Morocco (PANA) – Morocco’s output growth is projected to reach 3.5 percent over the medium term boosted by investment [...] Full text...

thread Economy

IMF retains policy on staff-monitored programme with Fund directors’ involvement

20 february 2024 - 15:48:56
Washington DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has endorsed the proposal to [...] Full text...

thread Economy

IMF staff, Côte d’Ivoire reach deal on resilience, sustainability support

17 february 2024 - 12:54:26
Abidjan, Côte d’Ivoire (PANA) - The Ivorian authorities and IMF staff reached a staff level agreement on a reform programme [...] Full text...

thread Environment

Nigerian workers declare 2-day nationwide protest over hardship

17 february 2024 - 06:19:49
Abuja, Nigeria (PANA) – The leadership of Nigeria Labour Congress (NLC) on Friday declared a two-day nationwide mass protest over nationwide [...] Full text...

thread Society

Strengthening transparency, governance, revitalising economic growth are among challenges facing Gabon: IMF mission

16 february 2024 - 11:14:16
Libreville, Gabon (PANA) – Gabon’s economy has recovered from multiple shocks emanating from the global and domestic economy, with growth [...] Full text...

thread Economy

Israel-Gaza Crisis: Tourism surges in Egypt despite economic hardships

15 february 2024 - 11:45:36
Cairo, Egypt (PANA) - Despite economic hardships and the Israel-Hamas conflict, Egypt hosted 14.9 million tourists in 2023, exceeding its [...] Full text...

thread Economy

IMF staff, government officials discuss Zimbabwe’s governance, growth prospects

15 february 2024 - 08:04:51
Harare, Zimbabwe (PANA) - Economic activity in Zimbabwe continues to show resilience in the face of currency instability and high [...] Full text...

thread Economy

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

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

thread Economy

Malawi's plan to create a stable, sustainable economy

10 february 2024 - 08:06:02
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform programme will help Malawi overcome current and future [...] Full text...

thread Economy

Israel-Gaza crisis: Gazans ‘have no homes – and they have no hope’: UN chief

09 february 2024 - 05:30:53
New York, US (PANA) - UN Secretary-General António Guterres on Thursday expressed deep concerns over the situation in Gaza, reiterating [...] Full text...

thread Politics

Malawi's plan to create a stable, sustainable economy

03 february 2024 - 10:47:45
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform program would help Malawi overcome current and future [...] Full text...

thread Economy