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

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

thread Economy

Migration and Refugee Policies - When destination countries tighten migration and refugee policies, it has economic ripple effects elsewhere: IMF Blog By Paula Beltran Saavedra, Nicolas Fernandez-Arias, Samuel Mann and Carolina Osorio-Buitron

19 april 2025 - 11:32:55
Washington, DC, US (PANA) - Migration has always been an integral part of humanity’s history and success. As of last year, [...] Full text...

thread Society

IMF team says Nigerian authorities taken important steps to stabilise economy

18 april 2025 - 17:06:03
Abuja, Nigeria (PANA) - The Nigerian authorities have taken important steps to stabilise the economy, enhance resilience, and support growth, [...] Full text...

thread Economy

Tanzania set to access US$441 million in IMF financing

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

thread Economy

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

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

thread Economy

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

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

thread Economy

Partnerships, increased climate investment crucial for sustainable transition, says UN deputy chief

17 april 2025 - 05:35:53
New York, US (PANA) - Addressing the opening of an international forum in Hanoi on partnerships for green growth, UN [...] Full text...

thread Environment

Global growth on recessionary path amid trade tensions and uncertainty

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

thread Economy

UN Youth Forum brings fresh perspectives on sustainable development

16 april 2025 - 07:41:08
New York, US (PANA) - Young people from across the globe are meeting at UN Headquarters this week to share [...] Full text...

thread Economy

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

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

thread Economy

South Africa's President Ramaphosa names Mcebisi Jonas as Special Envoy to the US to improve relations

14 april 2025 - 14:03:40
Pretoria, South Africa (PANA) - South African President Cyril Ramaphosa on Monday announced the appointment of a special envoy to [...] Full text...

thread Politics

Foreign aid cuts jeopardise malaria control efforts: WHO

14 april 2025 - 08:17:53
Geneva, Switzerland (PANA) - Since 2000, investments in the global malaria response have prevented more than 2 billion cases and [...] Full text...

thread Health

IMF Staff completes 2025 Article IV Mission to Mauritius

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

thread Economy

Four strategic priorities to mobilize the resources needed to achieve 2030 and 2063 Agenda

09 april 2025 - 19:06:58
Cotonou, Benin (PANA) - The Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatété, Wednesday called on Africa [...] Full text...

thread Society

Africa's higher education centres of excellence celebrate decade of transformative journey

08 april 2025 - 09:51:05
Accra, Ghana (PANA) - About 500 participants, including more than 80 Africa Higher Education Centres of Excellence (ACEs), policy makers, [...] Full text...

thread Society

‘Let us be bold’: Global leaders reaffirm health as a human right

08 april 2025 - 06:51:21
New York, US (PANA) - Progress towards the universal healthcare goal has been undeniable: barriers to health services, education and [...] Full text...

thread Health

Guinea to increase access to water, sanitation with WBG support

07 april 2025 - 08:15:22
 Conakry, Guinea (PANA) - The World Bank Group (WBG) has approved a $200 million credit from the International Development Association [...] Full text...

thread Health

Aid cuts threaten to roll back progress in ending maternal mortality

07 april 2025 - 07:27:47
Geneva, Switzerland (PANA) - Unprecedented aid cuts are putting global progress to end maternal deaths at risk, three UN agencies [...] Full text...

thread Health

Sudan: Suffering continues amid massive destruction across Khartoum

06 april 2025 - 05:43:36
Geneva, Switzerland (PANA) - The people of Sudan are trapped in siege-like conditions “with no escape, no hope, and often [...] Full text...

thread Society

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

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

thread Economy

Report looks at the governance of artificial intelligence for health in Africa

03 april 2025 - 11:47:01
Cotonou, Benin (PANA) - A report on the Governance of Artificial Intelligence for Global Health in Africa, examining national perspectives [...] Full text...

thread Society

Rwanda’s economy registers robust growth in 2024 despite global challenges

02 april 2025 - 07:41:28
Kigali, Rwanda (PANA) - Rwanda's real GDP grew by 8.9% in 2024, surpassing the previous year's growth rate of 8.2%, [...] Full text...

thread Economy

Some 47 million health workers and advocates call for cleaner air to curb pollution deaths

29 march 2025 - 05:23:57
Cartagena, Colombia (PANA) - Over 50 countries, cities, and organisations pledged new commitments on Thursday to tackle air pollution, protect [...] Full text...

thread Environment

Libyan PM, UAE President discuss bilateral cooperation

28 march 2025 - 11:40:39
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al Dbaiba, and the President of the United Arab Emirates, Sheikh [...] Full text...

thread Politics

Mauritania advances energy security with World Bank support

28 march 2025 - 10:33:43
Nouakchott, Mauritania (PANA) -  The World Bank Group has announced its approval of the Mauritania Development of Energy Resources and [...] Full text...

thread Economy

Cleaner Air is within reach by 2040: New WB report

28 march 2025 - 09:03:00
Washington, DC, United Sates (PANA) - The number of people exposed to dangerously high level of air pollution could be [...] Full text...

thread Environment

New World Bank financing set to revamp Dodoma’s urban mobility, generate more than 10,000 Jobs

27 march 2025 - 08:33:24
Dodoma, Tanzania (PANA) - A new World Bank-financed investment will enhance mobility and accessibility in Tanzania’s capital, Dodoma, unlocking economic [...] Full text...

thread Economy

Deadly impacts of childhood stunting can be prevented, WFP insists

26 march 2025 - 18:54:32
Paris, France (PANA) - Childhood stunting from malnutrition is a global but preventable problem if adequate investment can be found, [...] Full text...

thread Health

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

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

thread Economy

Global Talent and Economic Success: IMF Blog By William Kerr, Professor of Business Administration at Harvard Business School

26 march 2025 - 13:01:00
Washington, DC, United States (PANA) - Countries that attract the world’s most talented people will be the most successful at [...] Full text...

thread Society

Economics of talent: IMF Blog By Ruchir Agarwal, cofounder of the Global Talent Fund and director of the Raj Center at Columbia University, and Patrick Gaule, cofounder of the Global Talent Fund and associate professor of economics at the University of Bristol

26 march 2025 - 11:18:38
Washington, DC, United States (PANA) - The new “economics of talent” field aims to identify and nurture exceptional problem-solvers at [...] Full text...

thread Society

Fostering community resilience: A lifeline for the Central African Republic: World Bank Blog By Laurent Corroyer

26 march 2025 - 08:27:56
Bangui, Central African Republic (PANA) - When devastating floods swept through the Central Africa Republic (CAR) in August 2024, thousands [...] Full text...

thread Environment

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

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

thread Health

UN agency warns of ‘surge’ in AIDS deaths without US funding

25 march 2025 - 05:33:05
Geneva, Switzerland (PANA) - Amid continuing uncertainty about the impact of deep US funding cuts to humanitarian work worldwide, the [...] Full text...

thread Health

UN Chief urges all countries to invest in climate early warning systems

23 march 2025 - 10:31:28
New York, US (PANA) - UN Secretary-General Antonio Guterres has urged all countries to invest in climate early warning systems, [...] Full text...

thread Environment

Libyan youth, officials discuss ways to reduce communal violence

22 march 2025 - 13:30:13
Tripoli, Libya (PANA) - Dozens of young people from Zaouia, Ajeilat, Sabratha and Jdeida in western Libya, and officials from [...] Full text...

thread Politics

Connecting 300 million people to electricity and building a resilient future in Africa, World Bank Blog By Celine Ramstein and Stéphane Hallegatte

22 march 2025 - 09:50:58
Dar es Salaam, Tanzania (PANA) - One of the resounding messages of the recent Mission 300 Africa Energy Summit was [...] Full text...

thread Economy

How animal spirits affect the economy: IMF Blog By Joel Flynn, assistant professor of economics at Yale University, and Karthik Sastry, assistant professor of economics and public affairs at Princeton University

22 march 2025 - 09:26:52
Washington, DC, United States (PANA) - Storytelling is central to how we interpret economic events. We recall economic history through [...] Full text...

thread Economy

East Africa leads regional growth in Africa, says report

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

thread Economy

World Bank to release US$ 33 million to combat conflict and climate change in Benin

19 march 2025 - 15:46:24
Cotonou, Benin (PANA) - The World Bank is to release $33 million to Benin to help it combat conflicts in [...] Full text...

thread Economy

South Africa hosts G20 working group

19 march 2025 - 07:10:57
Cape Town, South Africa (PANA) –  South Africa's Department of Trade, Industry and Competition is hosting the G20 Trade and [...] Full text...

thread Economy

AfCFTA, a call to action to unveil the African economy, according to the Ethiopian President

18 march 2025 - 18:27:24
Cotonou, Benin (PANA) - The African Continental Free Trade Area (AfCFTA) is a call to action to unveil the African [...] Full text...

thread Economy

Conflict, weather events drive food insecurity in many countries: WB report

18 march 2025 - 10:08:21
Dar es Salaam, Tanzania (PANA) - Conflict and weather-related events continue to drive food insecurity in different countries, says the [...] Full text...

thread Society

Top South African delegation visits Japan

18 march 2025 - 08:08:57
Cape Town, South Africa (PANA) – Deputy President of South Africa, Paul Mashatile, is on an official visit to Japan [...] Full text...

thread Politics

'Small arms weigh heavily on sustainable development'

18 march 2025 - 05:56:56
New York, US (PANA) - Among the many threats hindering sustainable development, small arms and light weapons are often overlooked. [...] Full text...

thread Society

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

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

thread Economy

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

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

thread Economy

ECA deplores Africa's debt overhang

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

thread Economy

IMF Board completes review of Cong’s ECF arrangement

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

thread Economy

South Africa welcomes court order to extradite Malawian fugitive

13 march 2025 - 09:44:35
Cape Town, South Africa (PANA) – Pretoria has welcomed the Malawian court ruling on Wednesday that self- proclaimed prophet Shepherd [...] Full text...

thread Society

Is Artificial Intelligence the future of farming? Exploring opportunities and challenges in Sub-Saharan Africa: World Bank Blog By Chakib Jenane, Regional Director for Sustainable Development, West and Central Africa, World Bank

13 march 2025 - 07:33:43
Dar es Salaam, Tanzania (PANA) - Across Sub-Saharan Africa, a quiet revolution is underway. Smallholder farmers are increasingly leveraging Artificial [...] Full text...

thread Agriculture

Cape Town to host EU-South Africa summit on Thursday

12 march 2025 - 11:05:27
Brussels, Belgium (PANA) - The eighth summit between the leaders of the EU and South Africa will take place in [...] Full text...

thread Politics

Libyan youth call for political stability, accountability, economic reforms

12 march 2025 - 10:47:56
Tripoli, Libya (PANA) - A number of Libyan youth have discussed challenges facing the country's economy with experts of the [...] Full text...

thread Economy

Liberia needs institutional, policy reforms to boost economic growth and development: WB report

12 march 2025 - 07:19:49
Monrovia, Liberia (PANA) - The World Bank has launched its flagship report, the Liberia Country Economic Memorandum, titled “Escaping the [...] Full text...

thread Economy

JP Morgan downgrades South African equities

12 march 2025 - 07:08:57
Cape Town, South Africa (PANA) – JP Morgan on Tuesday downgraded South African equities to “neutral” from “overweight”, citing concerns over [...] Full text...

thread Economy

Women, girls bear brunt of cyberbullying against persons with disabilities

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

thread Society

Foreign companies invited to invest in 22 oil fields in Libya

11 march 2025 - 12:25:40
Tripoli, Libya (PANA) - The acting Chairman of the Board of Directors of the Libyan National Oil Company (NOC), Massoud [...] Full text...

thread Economy

Corruption hinders gender equality worldwide: Transparency International

08 march 2025 - 12:54:11
Dar es Salaam, Tanzania (PANA) - On International Women’s Day, Transparency International celebrated the achievements of women worldwide, but also [...] Full text...

thread Gender

South Africa and Chile strengthen ties

06 march 2025 - 09:37:40
Cape Town, South Africa (PANA) – South Africa and Chile have agreed to cooperate in areas of trade and industry [...] Full text...

thread Economy

Economic diversification is crucial for unlocking new sources of growth in Equatorial Guinea, says new report

05 march 2025 - 07:22:26
Malabo, Equatorial Guinea (PANA) -  Economic diversification away from oil, investing in its people and strengthening institutions are crucial for [...] Full text...

thread Economy

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

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

thread Society

Oceans of opportunity squeezed dry by unsustainable use

04 march 2025 - 07:43:37
Geneva, Switzerland (PANA) - The booming ocean economy sustains hundreds of millions of people, but it is being squeezed dry [...] Full text...

thread Environment

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

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

thread Economy

What is business ready and what does it mean for Botswana? World Bank Blog By Michael Ehst, Smita Kuriakose and Liang Wang

28 february 2025 - 07:57:11
Gaborone, Botswana (PANA) - In his maiden budget speech, Botswana’s Vice President and Minister of Finance, Ndaba Nkosinathi Gaolathe, mentioned [...] Full text...

thread Economy

Police units need strong support says UN peacekeeping chief

28 february 2025 - 05:56:50
New York, US (PANA) - The head of UN peacekeeping operations on Thursday called for more investment in the UN [...] Full text...

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WHO strengthens support for grassroots crowdsourcing campaign: a global movement of unity and solidarity

26 february 2025 - 20:56:11
Geneva, Switzerland (PANA - What started as a grassroots initiative by a WHO staff member has grown into a global [...] Full text...

thread Health

Libyan Prime Minister and Emir of Qatar agree to resume air flights between the two countries

26 february 2025 - 14:38:41
Tripoli, Libya (PANA) - The Prime Minister of the Government of National Unity, Abdulhamid al- Dbaiba, has agreed with the [...] Full text...

thread Politics

South African government delegation concludes UAE visit

26 february 2025 - 09:07:30
Cape Town, South Africa (PANA) – South Africa's Public Works Minister Dean Macpherson and his delegation on Tuesday completed the [...] Full text...

thread Economy

Bridging the productivity divide needed to unlock Madagascar's economic potential needs

26 february 2025 - 09:05:23
Antananarivo, Madagascar (PANA} - Madagascar's economy is recovering, but growth remains insufficient and uneven to significantly improve living standards.According to [...] Full text...

thread Economy

Farmers must be at the heart of biodiversity action - FAO chief

26 february 2025 - 07:39:06
Rome, Italy (PANA) - “Without the farmers, it is only political policy without implementation” – that was the stark message [...] Full text...

thread Environment

Signing of a memorandum of understanding between Tunis and Beijing for the construction of a medical centre in Kairouan

25 february 2025 - 16:33:24
Tunis, Tunisia (PANA) - Tunisia and China signed a memorandum of understanding on Monday for the construction of a medical [...] Full text...

thread Health

Libyan Government of National Unity and Somalia sign memoranda of cooperation

25 february 2025 - 14:49:55
Tripoli, Libya (PANA) - The Libyan Government of National Unity has signed a number of memoranda of cooperation with Somalia [...] Full text...

thread Politics

IMF concludes 2024 Article IV Consultation with Angola

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

thread Economy

World Health Day 2025 to spotlight women and babies’ survival, urging solidarity at a critical moment for global health

24 february 2025 - 19:22:26
Geneva, Switzerland (PANA) - The World Health Organization (WHO) has officially announced the theme of World Health Day 2025, Healthy [...] Full text...

thread Health

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

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

thread Economy

Foreign Direct Investment increased to a record $41 trillion: IMF Blog By Topias Leino and Maja Gavrilovic

21 february 2025 - 09:20:59
Washington, DC, United States (PANA) - Global foreign direct investment grew again in 2023 after declining the previous year. Inward direct [...] Full text...

thread Economy

CFAF 15 billion already invested in Benin's special employment integration programme

20 february 2025 - 13:34:57
Cotonou, Benin (PANA) - From July 2020 to December last year, Benin invested some CFAF 15 billion in the Special [...] Full text...

thread Social

Powering Madagascar's future: Unleashing private investment to achieve energy goals: World Bank Blog By Atou Seck (Country Manager), Koffi Koménan and Tsiry Andriantahina

20 february 2025 - 08:00:59
Antananarivo, Madagascar (PANA) - Madagascar is endowed with significant renewable energy resources and yet has one of the largest energy [...] Full text...

thread Economy

World Resources Institute, World Bank present landmark assessment of nature-based solutions in Africa

19 february 2025 - 11:57:34
Nairobi, Kenya (PANA) - A new report by World Resources Institute (WRI) and the World Bank, with contributions from the [...] Full text...

thread Environment

New public finance review to help Eswatini improve fiscal policy for better development outcomes

19 february 2025 - 08:31:25
Mbabane, Ewatini (PANA) - The World Bank and the Government of Eswatini launched a new review highlighting ways to make [...] Full text...

thread Economy

Barrow ignites hope for a stronger, self-reliant nation

18 february 2025 - 19:51:22
Banjul, Gambia (PANA)- President Adama Barrow has urged Gambians to embrace self-reliance, unity, and national development as the West African [...] Full text...

thread Politics

AU unveils full list of elected offiials at 38 summit

17 february 2025 - 18:29:30
Addis Ababa, Ethiopia (PANA) - The African Union has unveiled the full list of Commissioners elected during the 38th session [...] Full text...

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

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

thread Economy

Africa 'brimming with hope and possibility': Guterres

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

thread Politics

Angola promises everlasting impression on infrastructure

15 february 2025 - 15:10:39
Addis Ababa, Ethiopia (PANA) – The African Union's newly-elected Chairman, Angola's President Joao Manuel Lourenco, has promised to leave a [...] Full text...

thread Economy

Agricultural value chains, a major potential for Africa's development.

14 february 2025 - 17:06:36
Cotonou, Benin (PANA) - Agricultural value chains hold great potential for the development of the African continent, according to the [...] Full text...

thread Agriculture

IMF staff completes Staff-Monitored Programme discussion with Zimbabwe

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

thread Economy

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

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

thread Economy

Eighth EU-South Africa summit set for 13 March 2025

13 february 2025 - 05:07:59
Brussels, Belgium (PANA) - European Council President António Costa, together with the European Commission President Ursula von der Leyen, will [...] Full text...

thread Politics

Ethiopia to host Eighth African Business Forum on Monday

12 february 2025 - 12:49:18
Cotonou, Benin(PANA) - The Eighth Africa Business Forum will be held in Addis Ababa next Monday under the theme, "From [...] Full text...

thread Economy

Empowering Somalia's economy beyond remittances for long-term stability: World Bank Blog By Abdirahman Bashir Shariff and Aieshwarya Davis

12 february 2025 - 06:45:10
Mogadishu, Somalia (PANA) - When Somalia reached the HIPC (Heavily Indebted Poor Countries) completion point recently, it marked a transformative [...] Full text...

thread Economy

Power of AI rests 'in the hands of a few': Guterres warns

12 february 2025 - 05:40:16
Paris, France (PANA) - AI is already transforming our world but its power rests “in the hands of a few”, [...] Full text...

thread Sciences

Reaching for the stars: ‘We know the answers’ to support women in STEM

12 february 2025 - 05:39:56
New York, US (PANA) - Science, Technology, Engineering and Mathematics (STEM) are crucial to economic growth – yet gender inequality [...] Full text...

thread Society

Meds platform launch gives children with cancer a fighting chance

12 february 2025 - 05:14:56
Geneva, Switzerland (PANA) - A new UN-partnered project to distribute essential childhood cancer medicines has begun in Uzbekistan and Mongolia, [...] Full text...

thread Health

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

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

thread Economy

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

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

thread Economy

Sahel: UN calls for rethinking of social contract for stronger relations between State and citizens

10 february 2025 - 07:31:55
Dakar, Senegal (PANA) - A senior UN official has called for investment in the "social contract" to achieve a large-scale [...] Full text...

thread Society

Why does family planning save lives? (Feature by UNFPA)

09 february 2025 - 08:23:53
New York, US (PANA) - Sakina Sani was forced into marriage at the age of 12, amid war and food [...] Full text...

thread Health

‘Step Up the Pace’ and end female genital mutilation, UN says

07 february 2025 - 05:26:51
New York, US (PANA) - As the world marked the International Day of Zero Tolerance for Female genital Mutilationon Thursday, [...] Full text...

thread Health

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

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

thread Economy

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

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

thread Economy

Reusable rockets, air taxis and ‘autonomous autos’ are the future: WIPO

06 february 2025 - 05:45:56
Geneva, Switzerland (PANA) - Air taxis, “autonomous autos” and reusable rockets are just some of the future transport solutions that [...] Full text...

thread Economy

WHO: Some 135,000 women in Africa could die from breast cancer by 2040

06 february 2025 - 05:01:49
Geneva, Switzerland (PANA) - An estimated 135,000 women could die from preventable breast cancer by 2040 in sub-Saharan Africa without [...] Full text...

thread Health

Benin: An African pioneer – IMF Country Focus

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

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

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

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

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

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Cameroon gains some recovery as economic growth remains subdued

31 january 2025 - 11:35:46
Yaoundé, Cameroon (PANA) -  Cameroonian authorities and the International Monetary Fund (IMF) have reached a staff-level agreement on the seventh [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

UN rights chief launches $500 million global appeal

31 january 2025 - 05:26:30
Geneva, Switzerland (PANA) - The UN Human Rights Office (OHCHR) on Thursday launched an appeal for $500 million to fund [...] Full text...

thread Society

ECOWAS keeps 'doors open' for Burkina Faso, Mali, and Niger as withdrawal becomes effective

29 january 2025 - 11:40:35
Banjul, Gambia (PANA) - The withdrawal of Burkina Faso, Mali and Niger from the Economic Community of West African States [...] Full text...

thread Politics

How to close Africa's energy access gap: World Bank Blog By Anna Bjerde, World Bank Managing Director of Operations

29 january 2025 - 07:29:37
Dar es Salaam, Tanzania (PANA) - What will it take to bring electricity to 300 million people in Africa who [...] Full text...

thread Economy

Heads of State commit to concrete plans to transform Africa’s energy sector, with strong backing of global partners

29 january 2025 - 07:27:35
Dar es Salaam, Tanzania (PANA) - Thirty African Heads of State and governments have committed to concrete reforms and actions [...] Full text...

thread Economy

WHO leads call to fight neglected disease scourge

29 january 2025 - 05:43:02
Geneva, Switzerland (PANA) - The UN World Health Organization (WHO) has appealed for concerted action to tackle neglected tropical diseases, [...] Full text...

thread Health

South Sudan natural resources can promote inclusive economic growth: WB report

27 january 2025 - 13:01:56
Juba, South Sudan (PANA) - A new South Sudan Natural Resource Review (NRR) report released on Monday by the World [...] Full text...

thread Economy

US pauses all foreign assistance funded by or through State Department and USAID

27 january 2025 - 07:08:51
Washington, DC, US (PANA) - Consistent with President Donald Trump’s Executive Order on Reevaluating and Realigning United States Foreign Aid, [...] Full text...

thread Politics

Global education must integrate AI, centred on humanity

25 january 2025 - 07:43:48
New York, US (PANA) - Marking the International Day of Education, UN Secretary-General António Guterres has emphasized learning as a basic [...] Full text...

thread Society

UN to strengthen cooperation with League of Arab States

24 january 2025 - 05:07:44
New York, US (PANA) - The United Nations and the League of Arab States are deepening their collaboration to tackle [...] Full text...

thread Politics

South African Airways launches Tanzania route

21 january 2025 - 10:37:51
Cape Town, South Africa (PANA) –  South African Airways (SAA) on Monday launched its new direct flight to Tanzania’s commercial capital, [...] Full text...

thread Economy

Guterres welcomes start of ceasefire in Gaza as UN ramps up food deliveries

20 january 2025 - 05:38:30
New York, US (PANA) - Secretary-General António Guterres welcomed the start on Sunday of the ceasefire and hostage release in [...] Full text...

thread Politics

Breakthrough for Libya as UN eases sanctions to allow it to reinvest frozen cash

17 january 2025 - 19:42:14
Geneva, Switzerland (PANA) - Libya has for the first time been allowed by the United Nations to reinvest proceeds from [...] Full text...

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UN Security Council renews mandate of Libya Sanctions Committee

17 january 2025 - 06:45:16
New York, US (PANA) - The UN Security Council on Thursday passed a resolution to renew the mandate of the [...] Full text...

thread Politics

WHO launches $1.5 billion appeal to tackle global health crises

17 january 2025 - 06:38:00
Geneva, Switzerland (PANA) - The world is facing an extraordinary convergence of crises that has left 305 million people in [...] Full text...

thread Health

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

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

thread Economy

Economic recovery is losing steam, warns UN labour agency

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

thread Economy

IMF approves US$1,729 million ECF, US$1,038 million RSF arrangements for DRC

16 january 2025 - 08:08:49
Washington, DC. United States (PANA) - The International Monetary Fund (IMF) approved on Wednesday a 38-month arrangement for The Democratic [...] Full text...

thread Economy

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

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

thread Economy

Syria emergency: Four children a day killed or injured by leftover explosives

14 january 2025 - 21:37:50
Geneva, Switzerland (PANA) - Syria’s lethal legacy of landmines and other explosives left over from years of conflict has led [...] Full text...

thread Society

Flights between Italy and Libya resume after break of more than 10 years

13 january 2025 - 12:17:21
Tripoli, Libya (PANA) - Italian airline Alitalia has resumed direct flights between Rome and Tripoli after a break of more [...] Full text...

thread Economy

AfDB, Tanzania to host Africa Energy Summit

11 january 2025 - 12:32:56
Nairobi, Kenya (PANA) - The African Development Bank Group, the World Bank Group, the African Union, and the Tanzanian government [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

Namibia: New WBG strategy to boost job creation, access to quality services

09 january 2025 - 09:55:29
Windhoek, Namibia (PANA) – The World Bank's Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Namibia, [...] Full text...

thread Society

Global Cooperation at a crossroads: Possibility amid rising geopolitical uncertainty

07 january 2025 - 16:02:43
Geneva, Switzerland (PANA) – The World Economic Forum’s Global Cooperation Barometer offers a critical assessment of the state of global [...] Full text...

thread Economy

Mahama begins second term with assurance of a better future

07 january 2025 - 13:46:49
Accra, Ghana (PANA) - President John Dramani Mahama on Tuesday began his second term with an address calling on his [...] Full text...

thread Politics

World Bank unveils 2025 Global Bond funding programme

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

thread Economy

Govts urged to address root causes of mass migration

03 january 2025 - 07:12:28
Geneva, Switzerland (PANA) - Governments must do more to address the root causes of mass migration, UN Children’s Fund UNICEF’s [...] Full text...

thread Society

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

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

thread Economy

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

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

thread Economy

African Development Fund approves $9 million grant to strengthen climate resilience in Madagascar

22 december 2024 - 07:25:35
Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund – the African Development Bank (AfDB) [...] Full text...

thread Environment

Kenya's Ruto names key ally to Interior Ministry post in mini-Cabinet reshuffle

19 december 2024 - 20:03:03
Nairobi, Kenya (PANA) - Kenyan President William Ruto named his key ally, Kipchumba Murkomen, to the pivotal post of Interior [...] Full text...

thread Politics

WHO Director-General calls for support for WHO Academy

17 december 2024 - 21:22:51
Lyon, France (PANA) - The WHO Director-General Tuesday called for partnerships and collaboration for the WHO Academy to enable it [...] Full text...

thread Health

Burkina Faso's president to inaugurate second tomato processing plant

16 december 2024 - 12:32:13
Ouagadougou, Burkina Faso (PANA) - The President of Burkina Faso, Captain Ibrahim Traoré, will on Monday inaugurate the Société Faso [...] Full text...

thread Economy

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

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

thread Economy

Despite big hurdles, long journey to electric mobility begins across Africa

14 december 2024 - 12:42:24
Johannesburg, South Africa (PANA) - Switching to electric mobility is a no-brainer: tailpipe emissions cause poor health or even death [...] Full text...

thread Economy

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

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

thread Economy

Drowning deaths decline globally but the most vulnerable remain at risk

13 december 2024 - 17:35:58
Geneva, Switzerland (PANA) - The World Health Organization (WHO) has published its first-ever report on drowning prevention, which reveals a [...] Full text...

thread Society

Gold Outlook 2025 navigates a fine line influenced by rates, risk and growth

13 december 2024 - 12:41:19
London, UK (PANA) - Gold is poised for its best annual performance in more than a decade – up 28% [...] Full text...

thread Economy

South Africa and Czech Republic strengthen ties

13 december 2024 - 08:39:36
Cape Town, South Africa (PANA) –  South Africa’s Trade, Industry and Competition Minister Parks Tau and the Deputy Prime Minister [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

South African President Ramaphosa hosts Angola's Lourenço

12 december 2024 - 06:53:58
Cape Town, South Africa (PANA) – South Africa's President Cyril Ramaphosa will on Thursday host President João Manuel Gonçalves Lourenço [...] Full text...

thread Politics

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

AfDB to fund women-led business enterprises growth in Nigeria

11 december 2024 - 13:45:07
Rabat, Morocco (PANA) - Women-led businesses in Nigeria will benefit from a US$50 million loan, provided by an African Development [...] Full text...

thread Economy

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

UN backed drive to produce electric vehicle batteries kicks off in Zambia

10 december 2024 - 20:42:19
Lusaka, Zambia (PANA) – A project to increase the production of batteries to power electric vehicles has been launched in [...] Full text...

thread Economy

Chad’s economic recovery picks steam - IMF

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

thread Economy

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

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

ICAO, ‘a powerful example of multilateralism in action,’ says UN chief

06 december 2024 - 05:21:41
New York, US (PANA) - UN Secretary-General Antonio Guterres marked the 80th anniversary of the signing of the convention that [...] Full text...

thread Economy

Global trade to hit record $33 trillion in 2024, but uncertainties over tariffs loom

05 december 2024 - 19:36:35
Geneva, Switzerland (PANA) - Global trade is poised to hit a record $33 trillion in 2024, showcasing remarkable resilience despite [...] Full text...

thread Economy

Private sector urged to act as world faces $23 trillion loss from land degradation

05 december 2024 - 17:21:41
Riyadh, Saudi Arabia (PANA) -The private sector has been urged to make the sustainable management of land a key part [...] Full text...

thread Environment

African countries count on mineral boom to bolster large scale investment

05 december 2024 - 13:36:34
Rabat, Morocco (PANA) - African countries are relying on the mineral potential in the continent to attract large-scale investment into [...] Full text...

thread Economy

European Council, European Commission and Bill & Melinda Gates Foundation co-host Gavi High Level Pledging Summit

05 december 2024 - 13:31:12
Brussels, Belgium (PANA) - The European Union and the Gates Foundation, together with the close support of other Gavi donors [...] Full text...

thread Health

South Africa, Angola to hold high-level trade talks

05 december 2024 - 08:49:31
Cape Town, South Africa (PANA) – Opportunities to enhance trade and investment relations between South Africa and Angola will be [...] Full text...

thread Economy

Broader access to jobs and public services key to addressing inequality, reducing poverty in Africa, says new report

04 december 2024 - 17:17:48
Washington, DC, USA (PANA) - Unequal and limited access to jobs, finance, and public services such as education and healthcare [...] Full text...

thread Economy

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

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

thread Economy

Saudi Arabia, WBG establish Global Knowledge Hub in Riyadh

03 december 2024 - 11:19:27
Riyadh, Saudi Arabia (PANA) - The Kingdom of Saudi Arabia and the World Bank Group (WBG) signed an agreement on [...] Full text...

thread Society

Persistent fall in private borrowing brings global debt down: IMF Blog By Vitor Gaspar, Carlos Gonçalves, Marcos Poplawski-Ribeiro

03 december 2024 - 11:17:39
Washington, DC, United States (PANA) – Global debt decreased about one percentage point to 237 percent GDP in 2023. Empirical [...] Full text...

thread Economy

Developing countries paid record $1.4 trillion on foreign debt in 2023

03 december 2024 - 07:43:36
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL 3 DECEMBER, 2024, AT 2:30 PM UTCWashington, DC, United States (PANA) - [...] Full text...

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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

Senegal President Faye tells Frane to close military bases

30 november 2024 - 10:41:15
Dakar, Senegal (PANA) - Senegal’s President Bassirou Diomaye Faye said here Thursday France should close its military bases in the [...] Full text...

thread Politics

New report highlights need for sustained investment in infection prevention and control programmes

29 november 2024 - 20:34:03
Geneva, Switzerland (PANA) -  Nearly five years since COVID-19 was first reported, a new global report on infection prevention and [...] Full text...

thread Health

Choosing our future: Country lessons on unlocking education for action: World Bank Blog By Luis Benveniste and Sergio Venegas Marin

29 november 2024 - 07:00:42
Baku, Azerbaijan (PANA) - At the just-ended COP29 in Baku, education took center stage as leaders and youth advocates gathered [...] Full text...

thread Environment

UN: Number of Sudanese people at risk of GBV tripled

27 november 2024 - 14:13:21
Port Sudan, Sudan (PANA) - The UN representative to the Sudan has underlined that the UN and its partners stand [...] Full text...

thread Gender

South Africa mulls bidding for 2036 Olympic Games

27 november 2024 - 09:57:20
Cape Town, South Africa (PANA) – Sport, Arts and Culture Minister returned to South Africa on Wednesday after meeting with [...] Full text...

thread Sports

G7 FMs, EU reiterate commitment to support peace in Africa

26 november 2024 - 21:04:54
Washington, DC, US (PANA) - The G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the [...] Full text...

thread Politics

‘No excuse’: A global call to end violence against women

26 november 2024 - 05:19:29
New York, US (PANA) - On the 25th anniversary of the International Day for the Elimination of Violence Against Women, [...] Full text...

thread Gender

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

More health workers and patients killed proportionally in Lebanon than in Ukraine and Gaza

22 november 2024 - 20:53:59
Beirut, Lebanon (PANA) – Since 7 October 2023, 47% of attacks on health care – 65 out of 137 – [...] Full text...

thread Society

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

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

thread Environment

Acute hunger stalks one in four people in DR Congo, warn aid agencies

21 november 2024 - 13:59:34
Kinshasa, DR Congo (PANA) - UN humanitarians warned on Thursday that one in four people in the Democratic Republic of [...] Full text...

thread Society

UNICEF report projects challenging future for children in 2050

21 november 2024 - 05:21:06
New York, US (PANA) - The future of childhood hangs in the balance if urgent action is not taken to [...] Full text...

thread Society

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

Global airlines chief urges continental carriers to exploit Africa's growth potential

19 november 2024 - 14:00:28
Cairo, Egypt (PANA) - African airlines should take advantage of the existence of a massive population within the continent to [...] Full text...

thread Economy

COP29: Putting people at the centre of climate solutions: World Bank Blog By Mamta Murthi and Juergen Voegele

18 november 2024 - 08:36:22
Luanda, Angola (PANA) -  Climate change is an urgent human crisis.  Since 2022, 400 million students worldwide have faced school [...] Full text...

thread Environment

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

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

thread Environment

Sudan: Economic partnership with Russia and China to help rebuild the country

16 november 2024 - 14:05:39
Port Sudan, Sudan (PANA) - Sudan’s Minister of Energy and Oil, Dr. Mohiuddin Naeem, has argued that his country’s recent [...] Full text...

thread Economy

IMF, Comoros reach staff-level agreement on third review of ECF arrangement

16 november 2024 - 10:25:28
Moroni, Comoros (PANA) - Comorian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on economic policies [...] Full text...

thread Economy

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

COP29: ‘You have every right to be angry’ Guterres tells youth advocates frustrated over lack of climate action

15 november 2024 - 06:28:20
Baku, Azerbaijan (PANA) - As negotiations over how to tackle climate change head into their fifth day in Baku, UN [...] Full text...

thread Environment

South Africa: South Africa-Egypt Political Consultations underway in Cairo

14 november 2024 - 14:30:00
Cape Town, South Africa (PANA) – Justice Minister Ronald Lamola and a high-level government delegation is in Cairo to co-chair the [...] Full text...

thread Politics

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

New report outlines pathways to sustainable growth in Rwanda

14 november 2024 - 07:22:54
Kigali, Rwanda – The Government of Rwanda and the World Bank  on Wednesday launched the Rwanda Country Economic Memorandum (CEM), [...] Full text...

thread Economy

COP29: Multilateral development banks to boost climate finance

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

thread Environment

COP29: ‘Pay up or humanity will pay the price’, Guterres warns climate summit

12 november 2024 - 12:48:27
Baku, Azerbaijan (PANA) UN Secretary-General António Guterres said on Tuesday that leaders gathered in Baku for the COP29 Climate Action [...] Full text...

thread Environment

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

FLEX 2024: African ministers, education stakeholders gather in Kigali to track progress in addressing learning crisis

12 november 2024 - 07:48:07
Kigali, Rwanda (PANA) -  Over 500 education leaders, including 28 ministers of education and ministerial representatives from 39 African countries, [...] Full text...

thread Society