Putin ramps up production of Russia's 8,370mph hypersonic missiles Story by Abul Taher

24 november 2024 - 07:41:31
Moscow, Russia (PANA) - Vladimir Putin has ramped up production of a new hypersonic missile he fired against Ukraine last [...] Full text...

thread Politics

Gaza aid delivery ‘grinding to a halt’ alongside rampant insecurity

22 november 2024 - 07:02:54
Gaza City, Gaza (PANA) - The delivery of life-saving aid across Gaza “is grinding to a halt” amid a surge [...] Full text...

thread Society

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

IMF mission concludes visit to Egypt on review of Extended Fund Facility

21 november 2024 - 08:47:30
Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...

thread Economy

IMF staff team concludes mission to Liberia

21 november 2024 - 08:18:22
Washington, DC, United States (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief [...] 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

New European wealth gauge kelps policymakers address inequality: IMF Blog By Henning Ahnert, Francien Berry, Darja Milic, and Jorrit Zwijnenburg

19 november 2024 - 07:11:17
Brussels, Belgium (PANA) - Economists monitor income disparities because they can harden into more structural wealth inequalities that concern policymakers. [...] Full text...

thread Society

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

Transnational organised crime: ‘It’s time we pull together to push back’

15 november 2024 - 06:37:32
Vienna, Austria (PANA) - Marking the inaugural International Day for the Prevention of and Fight against All Forms of Transnational [...] Full text...

thread Society

Middle East: Gaza food markets ‘in decay’ as starvation looms

14 november 2024 - 05:36:33
Geneva, Switzerland (PANA) - Reports of ongoing bombardments, likely starvation and despair continue to emerge from Gaza where many basic [...] Full text...

thread Society

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

33 million people could face hunger in Nigeria next year

13 november 2024 - 05:26:27
Geneva, Switzerland (PANA) - Three UN agencies appealed on Tuesday for lifesaving support in Nigeria, where record inflation, climate shocks [...] Full text...

thread Society

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, 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

Sudan Central Bank announces issuance of new banknotes

10 november 2024 - 13:27:40
Port Sudan, Sudan (PANA) - The Central Bank of Sudan on Saturday  announced the issuance of new 1,000- and 500-pound [...] Full text...

thread Economy

‘Looming catastrophe’: Experts warn of high risk of famine in northern Gaza

09 november 2024 - 07:15:05
Geneva, Switzerland (PANA) - There is a strong likelihood that famine is imminent in areas within the northern Gaza Strip, [...] Full text...

thread Society

Unhealthy eating drives $8 trillion in annual hidden costs

08 november 2024 - 13:07:17
Rome, Italy (PANA) - Most of the hidden costs of agrifood systems worldwide stem from health impacts linked to non-communicable [...] Full text...

thread Agriculture

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

Climate action essential to Senegal’s upper-middle-income country aspiration, says new report

06 november 2024 - 09:07:30
Dakar. Senegal (PANA) - A new World Bank Group report highlights the significant economic and social benefits of climate action [...] Full text...

thread Economy

Hunger and cholera crises escalate in South Sudan, as needs surge

02 november 2024 - 06:47:53
Juba, South Sudan (PANA) - South Sudan is facing a spiralling humanitarian crisis with hunger and cholera cases escalating in [...] Full text...

thread Society

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

ETF and OTC investment flows buoy total gold demand

30 october 2024 - 13:01:00
London, UK (PANA) - Healthy inflows into global gold exchange traded funds (ETFs) were a major driver of growth in [...] Full text...

thread Economy

Oversupply could mute effects of wider Middle-East conflict on oil prices

29 october 2024 - 05:30:51
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, October 29, 2024, AT 11:00 AM UTC.Washington, DC, United States (PANA) [...] Full text...

thread Economy

UN chief tells President Putin Russian invasion violates UN Charter

26 october 2024 - 07:19:20
 Kazan, Russia (PANA) - UN Secretary-General António Guterres reiterated in a meeting with Russian President Vladimir Putin on Thursday that [...] Full text...

thread Politics

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

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, 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

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

Staying the course on reforms: Nigeria progresses amidst challenges

17 october 2024 - 10:11:01
Abuja, Nigeria (PANA) - Since May 2023, Nigeria has implemented significant reforms to stabilise its economy, resulting in modest growth, [...] 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

Two billion women without access to social protection

15 october 2024 - 16:16:55
New York, US (PANA) - A UN Women report reveals that policies ranging from cash benefits to healthcare and pensions [...] Full text...

thread Gender

Nearly two million severely malnourished children at risk of death due to funding shortages for therapeutic food

15 october 2024 - 11:56:33
New York, US (PANA) - Nearly two million children suffering from severe wasting, also known as severe acute malnutrition, are [...] Full text...

thread Society

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

Sudan refugee numbers swell as war continues to drive displacement

12 october 2024 - 11:22:22
Juba, South Sudan (PANA) - The number of Sudanese refugees in South Sudan has surpassed half a million, the UN [...] Full text...

thread Society

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

Sierra Leone needs fiscal consolidation measures to ensure sustainable economic environment: WB report

11 october 2024 - 06:22:46
Freetown, Sierra Leone (PANA) - Sierra Leone's economy grew by 5.7% in 2023, exceeding expectations, driven by strong performance in [...] Full text...

thread Economy

In plain view: Solutions to turbocharge the agrifood system transition: World Bank Blog By Sergiy Zorya, Joshua Gill, Alexandra Horst and Francis Addeah Darko

07 october 2024 - 07:17:30
Dar es Salaam, Tanzania (PANA) - Momentum is growing for real food systems change at a scale never seen before. [...] Full text...

thread Agriculture

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

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

thread Economy

Expensive farm inputs, insecurity in producing regions, high transport costs impact grain yields in Nigeria

04 october 2024 - 08:26:34
Lagos, Nigeria (PANA) - Imports of wheat, rice, and maize marketing in year 2024/25 are estimated to increase as the [...] Full text...

thread Agriculture

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

UN agencies urge Security Council to stop ‘mass graves for migrants’

01 october 2024 - 06:15:08
New York, US (PANA) - Action is needed now to stop the Sahara Desert and Mediterranean Sea from “becoming mass [...] Full text...

thread Society

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

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

thread Economy

UN issues Public Health Situation Analysis (PHSA) on Hostilities in occupied Palestinian territory

28 september 2024 - 08:00:22
Geneva, Switzerland (PANA) - Although Gaza has suffered previous escalations, the current war stands out as unprecedented in the scale [...] Full text...

thread Society

Rwanda’s economy registers strong growth in early 2024 despite persistent challenges

18 september 2024 - 08:21:54
Kigali,  Rwanda (PANA) - Rwanda's real GDP grew by 9.7% in the first quarter of 2024, exceeding the previous year's [...] Full text...

thread Economy

Hundreds of thousands in need of aid as flooding wipes out homes in Nigeria – WFP

14 september 2024 - 07:16:22
Abuja, Nigeria (PANA) - UN humanitarians are rushing to assist scores of newly displaced people in northeast Nigeria, after torrential [...] Full text...

thread Society

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 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

Egypt’s cane sugar production drops

23 august 2024 - 07:14:37
Cairo, Egypt (PANA) - Egypt’s sugar production in marketing year 2024/25 (October to September) is forecast to reach 2.6 million [...] Full text...

thread Agriculture

UN rights office calls for accountability for latest ‘horrific’ West Bank killing

16 august 2024 - 14:53:35
Geneva, Switzerland (PANA) - The perpetrators of a deadly rampage targeting a Palestinian village in the occupied West Bank must [...] Full text...

thread Society

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

South Africa sets wheat import duties while local wheat area drops

14 august 2024 - 12:32:35
Pretoria, South Africa (PANA) - Falling global wheat prices triggered, in July 2024, a wheat import duty of Rand 176.30 [...] Full text...

thread Agriculture

Sexual violence, famine stalk Sudan’s displaced

13 august 2024 - 16:53:01
Port Sudan, Sudan (PANA) - Sudan’s deepening humanitarian crisis caused by nearly 16 months of war has left countless women [...] Full text...

thread Society

Zimbabwe faces worsening food crisis due to El Niño droughts

08 august 2024 - 07:42:57
Harare, Zimbabwe (PANA) - A new report from the UN aid coordination office (OCHA) reveals that food insecurity levels in [...] Full text...

thread

Bold fiscal reforms can unlock Cameroon’s full potential

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

thread Economy

Humanitarian charity publishes on-the-record update on Gaza situation

06 august 2024 - 07:08:33
Deir al-Balah, Palestine (PANA) - It is a massive challenge to balance operational necessity and aid workers’ personal safety in [...] Full text...

thread Society

Global food price index broadly unchanged in July

03 august 2024 - 07:16:25
Rome, Italy (PANA) - Global food commodity benchmarks remained largely unchanged in July, with rises in vegetable oils, meat and [...] Full text...

thread Agriculture

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

US Secretary of State urges respect for Kenyan youth, CSOs

28 july 2024 - 07:28:11
Nairobi, Kenya (PANA) - US Secretary of State Antony Blinken has spoken with Kenyan President William Ruto during which he [...] Full text...

thread Politics

Maximising returns to human capital in Mauritania for increased wealth, shared prosperity

26 july 2024 - 11:20:08
Nouakchott, Mauritania (PANA) - The World Bank on Friday released the seventh edition of its Economic Update for Mauritania, which [...] Full text...

thread Economy

Strong regional demand to drive South Africa’s maize exports to neighbours

26 july 2024 - 11:18:26
Pretoria, South Africa (PANA)   South Africa’s maize area is forecast to expand in marketing year 2024/25 after an 18 percent [...] Full text...

thread Agriculture

Gaza war: Hunger fears persist as Israeli operations further harm enclave’s farmers

25 july 2024 - 12:18:40
Geneva, Switzerland (PANA) - As President Biden on Thursday prepared to meet Israeli premier Benjamin Netanyahu to discuss progress on [...] Full text...

thread Society

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

UN and partners launch emergency appeal to address severe drought in Malawi

24 july 2024 - 05:46:58
Lilongwe, Malawi (PANA) - UN agencies alongside humanitarian partners in Malawi have launched a Flash Appeal to help millions in [...] Full text...

thread Society

Sudan war: Nearly 26 million going hungry due to rising food prices, access challenges

24 july 2024 - 05:17:06
New York, US (PANA) - Nearly 26 million people in war-torn Sudan are not getting enough to eat, the UN [...] Full text...

thread Society

‘Largest’ displacements so far in Gaza’s war of attrition: UN aid agencies

18 july 2024 - 18:39:22
Geneva, Switzerland (PANA) - UN humanitarians issued a fresh alert on Thursday about having to cut rations in Gaza where [...] Full text...

thread Society

Gaza war: Multiple strikes kill dozens near UN aid hub as thousands flee fighting

17 july 2024 - 07:26:12
New York, US (PANA) - Multiple strikes have killed dozens of people in central Gaza, landing just 100 metres from [...] 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

AfDB chief warns Nigeria’s food import policy could destroy its agriculture

13 july 2024 - 18:42:57
Abuja, Nigeria (PANA) - The President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has said the decision [...] Full text...

thread Agriculture

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

Red Sea shipping crisis elevates trading costs with extra burden on consumers

12 july 2024 - 07:20:25
Dar es Salaam, Tanzania (PANA) - Due to recently increased attacks by Houthi militants, the Red Sea shipping route remains [...] 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

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

Tanzania mine gears up for first graphite concentrate exports

02 july 2024 - 17:04:48
Lindi, Southern Tanzania (PANA) – Tanzania’s  first-ever shipment of graphite concentrate from the Lindi Jumbo graphite mine, in the southeast [...] Full text...

thread Economy

Empowering small emerging commercial farmers: Mozambique success story – World Bank Blog By Blessings Botha

01 july 2024 - 08:58:56
Maputo, Mozambique (PANA) - Having seen so many smallholder farmers trapped in low agricultural productivity in Mozambique, I had always [...] Full text...

thread Agriculture

World getting a ‘failing grade’ on Global Goals report card

29 june 2024 - 05:54:52
New York, US (PANA) - With just six years remaining to reach the Sustainable Development Goals (SDGs), global progress is [...] Full text...

thread Politics

Uganda should improve public spending on health for a more productive population

27 june 2024 - 13:58:38
Kampala, Uganda (PANA) - Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product [...] Full text...

thread Health

Favourable prices offered by local processors divert South Africa’s orange growers from export market

27 june 2024 - 12:36:23
Pretoria, South Africa (PANA) - Record orange juice prices in South Africa are expected to escalate orange juice production as [...] Full text...

thread Agriculture

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, 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

Remittances slowed in 2023, expected to grow faster in 2024: WB report

26 june 2024 - 18:03:31
Washington, DC, United States (PANA) - After a period of strong growth during 2021-2022, officially recorded remittance flows to low- [...] Full text...

thread Economy

Death toll in Kenya tax protests up to 13, according to medics

26 june 2024 - 11:46:56
Nairobi, Kenya (PANA) - At least 13 people were killed when police clashed with protesters who stormed Parliament against a [...] Full text...

thread Politics

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

Libya's Minister of Economy and Trade orders fixing of prices for certain staple foods

24 june 2024 - 16:48:15
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade in the government of national unity, Mohamed Al-Haweij, has [...] 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

Gold reserves management become more relevant than ever

21 june 2024 - 14:08:33
London, United Kingdom (PANA) - An increasingly complex geopolitical and financial environment is making gold reserves management more relevant than [...] Full text...

thread Economy

Import of alcoholic beverages up in Ghana

21 june 2024 - 12:10:51
Accra, Ghana (PANA) - Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023.Due [...] Full text...

thread Society

IMF Board approves US$ 149.4 million budget support for Tanzania

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

thread Economy

Somalia expects 3.1 percent GDP growth, rebounding from drought and commodity price shocks

20 june 2024 - 17:41:57
Mogadishu, Somalia (PANA) - Somalia’s economy is expected to grow at 3.1 per cent in 2023 up from 2.4 per [...] Full text...

thread Economy

Top UN official in Libya highlights need for inclusive talks to end stalemate

20 june 2024 - 06:41:11
New York, US (PANA) - Libyans overwhelmingly desire a political consensus so that credible national elections can be held that [...] Full text...

thread Politics

Tanzania’s coffee farms rehabilitation raises output

19 june 2024 - 12:07:16
Dar es Salaam, Tanzania (PANA) - Tanzania’s coffee production in the marketing year 2024/25 is forecast at 1.5 million bags [...] Full text...

thread Agriculture

Ethiopia's first commercial gold mine to begin production in 2026

18 june 2024 - 15:34:19
Addis Ababa, Ethiopia (PANA) - Preparatory work has begun at Ethiopia's first commercial gold mine, the Tulu Kapi Gold Project, [...] Full text...

thread

Climate change fuels tensions in Nigeria

15 june 2024 - 07:48:16
New York, United States (PANA) -  Despite its huge potential, Nigeria, Africa’s most populous country, continues to grapple with a [...] Full text...

thread Environment

New WB financing for Nigeria’s inclusive growth, revenue diversification

14 june 2024 - 10:22:12
Abuja, Nigeria (PANA) – The World Bank on Thursday approved two operations: $1.5 billion for the Nigeria Reforms for Economic [...] 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

Global growth stabilizing for first time in three years

11 june 2024 - 14:02:38
Washington, DC, United States (PANA) - The global economy is expected to stabilize for the first time in three years [...] 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

AfDB releases highlights of its PPP report

11 june 2024 - 06:52:53
Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group has published highlights of its purchasing power parities (PPP) [...] Full text...

thread Economy

Cape Verde must invest in blue economy for growth, sustainability

10 june 2024 - 12:20:53
Praia, Cape Verde (PANA) Cape Verde has shown resilience in the post- COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities [...] 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

New UNICEF report reveals severe child food poverty amid world crises

06 june 2024 - 06:17:04
New York, United States (PANA) – A new report released on Thursday by the UN Children’s Fund (UNICEF) highlights alarming [...] Full text...

thread Society

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

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

Community infrastructure supports lives and national reconciliation in Central African Republic: World Bank Blog By Athanase Danhossou, Fred Frippiat, Joachim Boko and Oghenesuvwe Kokoricha

04 june 2024 - 06:47:47
Bangui, CAR (PANA) - Displacement due to conflict is on the rise around the world. In the Central African Republic [...] Full text...

thread Society

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

Amid ongoing Israeli incursions into Gaza, aid facilities shut ‘one after another’

31 may 2024 - 06:38:11
New York, US (PANA) - With no let-up in reported street battles and Israeli bombardment across Gaza on Thursday, UN [...] Full text...

thread Society

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

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

Algeria: Investing in data key for diversified growth

22 may 2024 - 19:44:54
Algiers, Algeria (PANA) - Algeria’s economic growth remained dynamic in 2023, with GDP recording a 4.1 per cent increase, driven [...] Full text...

thread Economy

Global carbon pricing revenues top a record $100 billion

22 may 2024 - 07:29:33
Washington, DC, USA (PANA) - In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s [...] Full text...

thread Environment

Tourism is back to pre-pandemic levels, but challenges remain: WEF report

21 may 2024 - 09:02:36
New York, USA (PANA) - International tourist arrivals and the travel and tourism sector’s contribution to global GDP are expected [...] 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

‘Untold harm to nature’ from wildlife trafficking, warns UN crime agency

13 may 2024 - 13:11:00
Vienna, Austria (PANA) - Despite two decades of worldwide efforts, more than 4,000 precious wildlife species still fall prey to [...] Full text...

thread Society

Tunisia's sustained recovery requires quick action to take advantage of opportunities

09 may 2024 - 07:49:55
Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2023, due to a severe drought, tight financing conditions and a [...] Full text...

thread Economy

Burkina Faso president hands out agricultural equipment to farmers

06 may 2024 - 15:24:05
Ouagadougou, Burkina Faso (PANA) - The President of the Transition in Burkina Faso, Captain Ibrahim Traoré, on Monday handed over [...] Full text...

thread Agriculture

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

East Africa: UN support continues amid heavy rains, severe floods and cyclone threat

04 may 2024 - 07:44:36
Geneva, Switzerland (PANA) - The United Nations and partners continue to support authorities across East Africa as the region braces [...] Full text...

thread Society

UN agencies warn of imminent starvation risk in Sudan’s Darfur region

03 may 2024 - 18:14:42
Port Sudan, Sudan (PANA) - UN agencies issued a joint warning on Friday that time is running out to prevent [...] Full text...

thread Society

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

UN officials urge swift action to tackle El Niño-induced extreme weather

30 april 2024 - 07:19:55
New York, US (PANA) - Top UN officials called on Monday for swift action to combat the El Niño extreme [...] Full text...

thread Environment

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

Global commodity prices level off, hurting prospects for lower inflation

25 april 2024 - 09:03:19
EMBARGOED: NOT FOR PUBLICATION UNTIL THURSDAY, APRIL 25, 2024, AT 11:00 AM UTC. Washington, United States (PANA) - Global commodity prices [...] Full text...

thread Economy

Eswatini looks forward to increased sugar exports from improved cane production

18 april 2024 - 13:07:24
Mbabane, Eswatini (PANA) – Eswatini’s sugar production in marketing year (MY) 2024/25 is forecast to rise on improved cane deliveries [...] Full text...

thread Agriculture

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

UPDATE: Libyan leaders must put national interests above their own, top envoy tells Security Council

16 april 2024 - 18:35:56
New York, US (PANA) - Efforts to foster dialogue and address the concerns of Libyan politicians are being met with [...] Full text...

thread Politics

New World Bank initiative aims to strengthen access to basic services, build resilience for Sudanese communities

16 april 2024 - 09:49:38
Khartoum, Sudan (PANA) – Committed to stay engaged in Sudan and support the wellbeing of the people, in an effort [...] Full text...

thread Society

Uncertainty, amidst conflict and indebtedness, weighs on the outlook for MENA region

15 april 2024 - 17:24:02
Washington, DC. USA (PANA) -- Lacklustre growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East [...] Full text...

thread Economy

Sudan war: Paris conference on Sudan should jump-start new approach to humanitarian funding

15 april 2024 - 10:54:08
Nairobi, Kenya (PANA) – As global and regional leaders meet in Paris to spotlight Sudan and mark the one-year anniversary of the [...] Full text...

thread Society

Wave of increased food insecurity hits West and Central Africa

12 april 2024 - 21:57:03
Abuja, Nigeria (PANA) - Almost 55 million people are facing further food and nutrition insecurity in West and Central Africa [...] 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

Egypt seeks to raise earnings of millions working in cotton production, textile manufacturing

12 april 2024 - 11:36:04
Cairo, Egypt (PANA) – Egypt’s cotton production in marketing year (MY) 2024/25 is forecast at 310,000 bales, down 40,000 bales [...] Full text...

thread Agriculture

Hepatitis killing thousands daily, WHO warns in new report

09 april 2024 - 13:14:29
Geneva, Switzerland (PANA) - The number of lives lost due to viral hepatitis infections is increasing and already accounts for [...] Full text...

thread Health

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

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

Malawi drought threatens millions as WFP appeals for funding

03 april 2024 - 06:02:41
Blantyre, Malawi (PANA) - Aid teams in Malawi are appealing for an additional $70 million to those affected by serious [...] Full text...

thread Society

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

Shortage of cholera vaccine, lack of clean water, soap and toilets put millions at risk

21 march 2024 - 11:04:31
Geneva, Switzerland (PANA) – Immediate action is needed to stem an unprecedented multi-year upsurge in cholera cases worldwide, according to [...] Full text...

thread Health

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

Conflict driving hunger crisis in Sudan, UN officials tell Security Council

21 march 2024 - 05:27:10
New York, US (PANA) - Eleven months of brutal fighting is driving a hunger crisis in Sudan, with some areas [...] Full text...

thread Society

Gaza war: Children of Gaza spread joy for Ramadan, despite the war (Feature by UN News)

20 march 2024 - 05:29:43
Deir Al-Balah camp, Gaza (PANA) - Clusters of tents are cobbled together with any available fabric, plastic and wood, as [...] Full text...

thread Society

Harmonised Index of Consumer Prices up in Benin

17 march 2024 - 15:44:54
Cotonou, Benin (PANA) - Benin's Harmonised Index of Consumer Prices for February 2024 rose to 112.1 from 110.5 a month [...] Full text...

thread Economy

Libyan PM: Basic products must be available at right prices during Ramadan

12 march 2024 - 12:58:14
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al-Dbaiba, on Monday stressed the need for availability of basic products [...] Full text...

thread Society

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

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

Accelerated by COVID and AI, global digital landscape remains uneven

06 march 2024 - 07:29:31
Washington, United States (PANA) - The COVID-19 pandemic brought about unprecedented acceleration of digital transformation across the globe – with [...] Full text...

thread Economy

Price controls and fight against speculation the Libyan government's priorities during Ramadan

05 march 2024 - 15:52:41
.Tripoli, Libya (PANA) - The Libyan prime minister of the Government of National Unity, Abdulhamid al-Dbaiba, and the President of [...] Full text...

thread Politics

Libyan prime minister pledges to work towards stronger dinar

05 march 2024 - 15:28:24
Tripoli, Libya (PANA) - The Libyan prime minister of the government of national unity, Abdulhamid al- Dbaiba, has stated that [...] Full text...

thread Politics

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

Rwanda’s economic performance strengthened in 2023 despite continued challenges

28 february 2024 - 17:37:02
Kigali, Rwanda (PANA) - Rwanda’s economy grew at 7.6% in the first three quarters of 2023 despite a challenging global [...] Full text...

thread Economy

Gambian's growth above sub-saharan africa, Central Bank Governor

28 february 2024 - 16:17:27
Banjul, Gambia (PANA) - The Governor of Gambia's Central Bank, Buah Saidy, says that the West African country's economy is resilient, [...] 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

How can we reinvigorate international trade? World Bank Blog By Pablo Saavedra and Mona Haddad

25 february 2024 - 17:05:58
Abu Dhabi, United Arab Emirates, (PANA) - After decades of accelerating globalisation, since 2008 international trade has grown at roughly [...] Full text...

thread Economy

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

Climate, conflict collide on high seas: UN warns of soaring costs and delays

23 february 2024 - 06:12:13
Geneva, Switzerland (PANA) - Attacks on commercial shipping in the Red Sea coupled with wider geopolitical and climate-related crises, are [...] Full text...

thread Economy

Libya's Prime Minister calls for concerted efforts for food supply during Ramadan

22 february 2024 - 12:09:30
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al Dbaiba, has stressed the need for all the government institutions [...] Full text...

thread Society

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

Fighting in DR Congo threatens stability of entire region, envoy warns

21 february 2024 - 06:42:42
New York, US (PANA) - In the Democratic Republic of the Congo (DR Congo), fighting between the M23 armed group [...] Full text...

thread Politics

Humanitarian crisis escalates in eastern DR Congo due to fresh clashes, flooding

20 february 2024 - 14:47:14
Nairobi, Kenya (PANA) – The humanitarian crisis in the Eastern Democratic Republic of Congo (DRC) has reached critical levels as [...] Full text...

thread Society

Africa's economic growth in 2023 led by East, North and West Africa: Report

20 february 2024 - 13:07:25
Cotonou, Benin (PANA) - East, North and West Africa have led growth on the continent over the past year, according [...] Full text...

thread Economy

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

Kenyan mortgage lender hikes lending ceiling over rising cost of home ownership

16 february 2024 - 12:42:05
Nairobi, Kenya (PANA) - Kenya Mortgage Refinance Company (KMRC), a Central Bank of Kenya-backed lender, has raised the upper ceiling [...] Full text...

thread Economy

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

13 years after 17 February 2011 revolution, Libyans have mixed feelings about Saturday's commemoration of the anniversary

15 february 2024 - 18:56:06
Tripoli, Libya (PANA) - Over the past few days, the city of Tripoli has been abuzz with excitement as it [...] Full text...

thread Politics

Nigeria: Nigeria’s inflation rate hits 29.90% in January amid rising food prices

15 february 2024 - 15:22:19
Abuja, Nigeria (PANA) - Nigeria’s inflation increased to 29.90 per cent in January 2024 from 28.92 per cent recorded in [...] 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

Growing demand for South Africa's Kruger National Park

14 february 2024 - 07:46:49
Cape Town, South Africa (PANA) – The Radisson Hotel Group has opened its first Safari hotel in Africa. The Radisson [...] 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

Despite seasonal tailwinds, gold fails to power its market higher

07 february 2024 - 20:07:50
Dar es Salaam, Tanzania (PANA) - Gold failed to power higher in January, despite seasonal tailwinds, after breaching record highs [...] Full text...

thread Economy

Houthi rebels’ attacks on ships in Red Sea trigger decrease in trade, global food security

05 february 2024 - 18:05:39
Dar es Salaam, Tanzania (PANA) - Recent attacks by Houthi rebels on ships in the Red Sea have triggered a [...] Full text...

thread Society

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

Egypt, IMF discuss EFF policy review

02 february 2024 - 07:28:03
Cairo, Egypt (PANA) - An International Monetary Fund (IMF) mission and the Egyptian authorities have made “excellent progress” on discussions [...] Full text...

thread Economy

Emerging markets navigate global interest rate volatility: IMF Blog By Tobias Adrian, Fabio Natalucci, and Jason Wu

02 february 2024 - 07:04:24
Washington, United States (PANA) - Global interest rates in recent months have gone on a rollercoaster, especially those on longer-term [...] Full text...

thread Economy

Global economy approaches soft landing, but risks remain: IMF Blog By Pierre-Olivier Gourinchas

30 january 2024 - 16:54:52
Washington, United States (PANA) - The clouds are beginning to part. The global economy begins the final descent toward a [...] Full text...

thread Economy

Burundi set for stronger economic recovery in 2024: IMF mission

23 january 2024 - 10:20:12
Bujumbura, Burundi (PANA) – A stronger economic recovery is projected in Burundi for 2024, with real GDP expanding by 4.3 [...] Full text...

thread Economy

US commercial real estate remains a risk despite investor hopes for soft landing: IMF Blog By Andrea Deghi, Fabio Natalucci, and Mahvash S. Qureshi

19 january 2024 - 07:18:15
Washington, United States (PANA) - The commercial real estate sector has been under intense pressure globally as interest rates have [...] Full text...

thread Economy

What we’re reading about climate and jobs: World Bank Blog By Ulrike Lehr and Kevwe Pela

19 january 2024 - 07:04:48
Dar es Salaam, Tanzania (PANA) - Climate change is one of the biggest risks to global development, as high temperatures, [...] Full text...

thread Environment

Troubled year in store for the world’s children: UNICEF report

16 january 2024 - 05:34:53
New York, US (PANA) - Globally in 2024, children are likely to see increased exposure to violence and war, and [...] Full text...

thread Society

IMF Board approves $100 million 36 months extended credit facility for Gambia

15 january 2024 - 11:01:14
Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the [...] Full text...

thread Economy

Mali records lower prices for bread and flour

12 january 2024 - 14:19:19
Bamako, Mali (PANA) - The price of bread will fall in Mali as the price of a 50kg bag of [...] Full text...

thread Society

Libyan Prime Minister announces abolition of fuel subsidies to combat trafficking

11 january 2024 - 15:24:40
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al Dbaiba, has announced that [...] Full text...

thread Economy

Gold hit new highs in 2023, but inflationary scares likely in 2024: World Gold Council

11 january 2024 - 07:08:08
Dar es Salaam, Tanzania (PANA) - Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed [...] Full text...

thread Economy

Accra hosts USA food pairing event

10 january 2024 - 18:43:26
Accra, Ghana (PANA) - Ghana’s growing population is youthful with an increasingly fast emerging middle-class who have an appreciation for [...] Full text...

thread Society