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

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

thread Economy

IMF Board completes fourth review of Zambia’s ECF arrangement

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

thread Economy

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 staff concludes visit to Djibouti

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

thread Economy

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 air passenger demand increases 10.4%

05 december 2024 - 14:38:40
Nairobi, Kenya (PANA) - African airlines saw a 10.4% year-on-year increase in demand, according to the International Air Transport Association (IATA) [...] Full text...

thread Economy

Kenya's human rights status downgraded to 'repressed'

04 december 2024 - 11:09:57
Nairobi, Kenya (PANA) - The civil rights coalition, CIVICUS, announced in a report on Wednesday the downgrade of Kenya's civic [...] Full text...

thread Society

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

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

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

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

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

thread Politics

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Society

Uncovering trade data gaps: Lessons from Madagascar and France: World Bank Blog By Siddhesh Kaushik and Sonja Mitikj

11 november 2024 - 07:21:13
Antananarivo, Madagascar (PANA) - Bilateral reporting asymmetries in international trade data have long influenced critical statistical measures, such as trade [...] Full text...

thread Economy

Sudan rejects US envoy's accusations on relief delivery

08 november 2024 - 10:06:22
Port Sudan, Sudan (PANA) - Sudan has rejected accusations of the US Envoy to Sudan, Tom Perriello, that the authorities [...] Full text...

thread Society

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

IMF staff conclude Article IV discussions with Somalia

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

thread Economy

IMF concludes reviews with Kenya

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

thread Economy

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

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

thread Economy

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

IMF team assesses Senegal’s finance inspectorate reports

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

thread Economy

Zambia’s drought impact stuns IMF staff team

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

thread Economy

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

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

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

thread Economy

IMF staff completes 2024 Article IV Consultation Mission to Chad

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

thread Economy

Ending poverty for half the world could take more than a century: WB Report

15 october 2024 - 13:06:58
EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, OCT. 15, 2024 AT 9:30 AM EDT WHICH IS 1:30 PM [...] Full text...

thread Society

South Africa moves to accommodate foreign workers

14 october 2024 - 10:50:15
Cape Town, South Africa (PANA) – The South African Minister of Home Affairs, Dr Leon Schreiber, has gazetted reforms to [...] Full text...

thread Economy

Poorest economies face toughest conditions in two decades

14 october 2024 - 07:49:01
Washington, DC, United States (PANA) - The world’s 26 poorest economies—home to about 40 percent of all people who live [...] Full text...

thread Economy

Equatorial Guinea Economic Update: Designing fiscal instruments for sustainable forestry

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

thread Economy

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

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

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

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

thread Economy

Guterres urges world leaders to 'stay committed' to UN development goals

25 september 2024 - 05:53:12
New York, US (PANA) - UN Secretary-General António Guterres called on Tuesday for finance, climate action and peace to achieve [...] Full text...

thread Politics

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

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

thread Economy

UNAIDS: Rising debt in sub-Saharan Africa costing lives

20 september 2024 - 06:05:03
New York, US (PANA) - A report by UNAIDS has detailed how debt crisis is jeopardising progress aimed at ending [...] Full text...

thread Health

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

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

thread Politics

Lufthansa launches new flight to South Africa

16 september 2024 - 11:08:31
Cape Town, South Africa (PANA) –  Lufthansa has launched flights between Johannesburg and Munich after a 19-year hiatus.Lufthansa’s CEO, Jens Ritter, [...] Full text...

thread Economy

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

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

thread Economy

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

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

thread Economy

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

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

thread Economy

UN leads search for synergy on climate and development

07 september 2024 - 05:44:45
New York, US (PANA) - Governments, experts and civil society representatives met in Brazil this week for a UN-backed conference [...] Full text...

thread Environment

Strengthening fiscal resilience in small states: World Bank Blog By Sam Hill and Jeetendra Khadan

04 september 2024 - 12:05:32
Washington DC, United states (PANA) - Small states, those with a population of 1.5 million or less, face significant fiscal [...] Full text...

thread Economy

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

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

thread Economy

IMF approves US$7.3 million disbursement to Guinea Bissau

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

thread Economy

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

Kenya Airways returns to profitability after a decade

20 august 2024 - 15:09:55
Nairobi, Kenya (PANA) - Kenya Airways has returned to the profit-making territory for the first time in 10 years, marking [...] Full text...

thread Economy

UN releases draft blueprint for new universal tax accord

18 august 2024 - 05:30:17
Geneva, Switzerland (PANA) - The global tax system needed reform, and the UN answered the call on Friday with a [...] Full text...

thread Economy

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

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

thread Economy

Congo designs fiscal instruments for sustainable forestry, economic growth

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

thread Economy

Bold fiscal reforms can unlock Cameroon’s full potential

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

thread Economy

Senior US diplomat travels to Kenya, Ethiopia

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

thread Politics

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

UN development Summit looks into global financial reforms

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

thread Economy

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

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

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

thread Economy

UN leaders urge ‘maximum political will’ to rescue SDGs

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

thread Politics

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

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

thread Economy

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

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

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

thread Environment

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

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

thread Economy

IMF concludes 2024 Article consultation with Benin

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

thread Economy

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

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

thread Politics

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

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

thread Economy

IMF, US State Department express concern about bloody Kenya riots

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

thread Politics

World Bank Group debars Ernst & Young LLP, Kenya

26 june 2024 - 18:15:04
Washington, USA (PANA) - The World Bank Group (WBG) announced on Wednesday a 30-month debarment of Kenya-based Ernst & Young [...] Full text...

thread Society

Businesses resume in Kenyan capital after Tuesday's bloody violence

26 june 2024 - 16:26:04
Nairobi, Kenya (PANA) -  Businesses resumed on Wednesday in tense Nairobi after Tuesday's bloody violence in which protesters raided Parliament [...] Full text...

thread Politics

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

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

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

thread Economy

Kenya deploys military to deal with tax protests

25 june 2024 - 21:26:45
Nairobi, Kenya (PANA) - The Kenya Defence Forces (KDF) has been deployed to respond to a national tax protest, which [...] Full text...

thread

2nd Update: At least five killed in Kenya protests against tax hikes, military deployed

25 june 2024 - 18:04:37
Nairobi, Kenya (PANA) - Police on Tuesday shot dead at least five people as protesters stormed Parliament in Nairobi against [...] Full text...

thread Politics

Update: Kenya Gen Z protesters storm Parliament after tax hike bill passed

25 june 2024 - 16:34:11
Nairobi, Kenya (PANA) - Protesters, mainly the youth, on Tuesday stormed Parliament and set a section of the House on [...] Full text...

thread Politics

Kenya authorities considering internet shutdowns over youth protest - CSOs

24 june 2024 - 18:24:23
Nairobi, Kenya (PANA) - Kenyan authorities plan to implement an internet shutdown and media disruptions to deal with a youth [...] Full text...

thread Politics

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

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

thread Economy

IMF traces signs of macroeconomic stabilisation in Comoros

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

thread Economy

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

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

Mass arrests in Kenya as police break tax protests

18 june 2024 - 17:05:27
Nairobi, Kenya (PANA) - Police in Kenya threw a security cordon around Parliament buildings in Nairobi on Tuesday, as the [...] Full text...

thread Politics

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

17 june 2024 - 16:28:55
Washington, DC, USA (PANA) - New generative-AI technologies hold immense potential for boosting productivity and improving the delivery of public [...] Full text...

thread Economy

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

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

thread Economy

Israel/Gaza war: WHO concerned about escalating health crisis in West Bank

15 june 2024 - 08:12:40
Cairo, Egypt (PANA) – The World Health Organization (WHO) remains concerned about the escalating health crisis in the occupied Palestinian [...] Full text...

thread Health

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

AfDB approves $8.6 million grant to boost non-oil revenue mobilisation in South Sudan

13 june 2024 - 11:23:00
Juba, South Sudan (PANA) - The African Development Bank (AfDB) is providing additional financial support to enable South Sudan to [...] Full text...

thread Agriculture

Tax reforms can boost revenues for social equity - Senegal Economic Update

13 june 2024 - 07:15:16
Dakar, Senegal (PANA) - Economic growth in Senegal proved resilient in 2023 amid political tensions and persistent, albeit declining, inflation, [...] 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

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

Libya earns more than $9 billion in revenues -Prime Minister

10 june 2024 - 17:11:09
Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid Al Dbaiba, has stated that [...] Full text...

thread Politics

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

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

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

thread Economy

Seychelles withstands climate shocks, continued volatility in external environment

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

thread Economy

IMF, 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

Stronger control efforts help to lower tobacco use in African region

31 may 2024 - 13:01:51
Brazzaville, Congo (PANA) – Tobacco use among adolescents in the African region declined by nearly 18% between 2020 and 2022, [...] Full text...

thread Health

IMF Board concludes first review of ECF for Somalia

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

thread Economy

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

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

thread Economy

New chapter in partnership between World Bank Group and Togo

24 may 2024 - 08:08:49
Lome, Togo (PANA) - The World Bank Group (WBG) has endorsed a new Country Partnership Framework (CPF) for Togo, granted [...] 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

Tunisian airline halts flights to Libya

16 may 2024 - 18:29:26
Tunis, Tunisia (PANA) - Tunisian airline TunisAir has decided to halt all flights to and from Libyan airports until further [...] Full text...

thread Economy

IMF proposes reforms to Libya's financial sector

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

IMF, Zambian officials discuss economic impact of current drought

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

thread Economy

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

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

thread Economy

Trafficking in the Sahel: Cracking down on illicit drugs (Feature by UN News)

06 may 2024 - 05:29:35
 Dakar, Senegal (PANA) - Cocaine, cannabis and opioids are getting easier to buy as criminal networks and armed groups capitalise [...] Full text...

thread Society

Senegal maintains resilience despite economic challenges: IMF

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

thread Economy

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

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

thread Economy

Harnessing Sub-Saharan Africa’s critical mineral wealth

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

thread Economy

African Governments falling short on healthcare funding, says rights group

29 april 2024 - 07:06:33
Washington, DC, US (PANA) – African governments are falling far short in their commitments to prioritise public spending on health [...] Full text...

thread Health

UN assured South Sudan tax impositions to not affect the organisation

24 april 2024 - 04:35:02
New York, US (PANA) - The UN acknowledges assurances from the South Sudanese government that the recent imposition of taxes [...] Full text...

thread Society

CAR struggles to stabilise economy against complex humanitarian crisis

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

thread Economy

Libya, US hold talks on energy sector

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

thread Economy

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

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

thread Economy

UN leaders urge ‘wholesale reform’ of global financial architecture

16 april 2024 - 06:13:40
New York, US (PANA) - The Secretary-General and President of the General Assembly on Monday led the clarion call for [...] Full text...

thread Economy

HRW says COVID pandemic data reveals threats, opportunities to improve health systems

12 april 2024 - 11:27:22
Washington, DC, US (PANA) – New data from the World Health Organisation (WHO) shows that many governments around the world [...] Full text...

thread Health

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

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

thread Economy

World Bank Group announces new approach to measuring impact

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

thread Society

Libya rakes in nearly $6 billion in revenues for 1st quarter of 2024

09 april 2024 - 14:07:54
Tripoli, Libya (PANA) - Liya earned a total of 23.8 billion dinars (around 5.96 billion US dollars) in revenue in [...] Full text...

thread Economy

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

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

thread Economy

New Senegalese president Faye pledges to uphold good governance

04 april 2024 - 06:22:22
Dakar, Senegal (PANA) – The President of Senegal, Bassirou Diomaye Faye, on Wednesday pledged to uphold good governance based on [...] Full text...

thread Politics

2ND UPDATE: Opposition leader Faye will be youngest president of Senegal

25 march 2024 - 16:57:54
Dakar, Senegal (PANA) – Senegalese opposition leader, Bassirou Diomaye Diakhar Faye, 44, who has swept to victory over former Prime Minister and [...] Full text...

thread Politics

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

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

thread Economy

Libyan MPs form technical committee to monitor impact of exchange rate fluntuations on citizens

19 march 2024 - 13:59:59
Tripoli, Libya (PANA) - Members of the Libyan House of Representatives have formed a technical committee chaired by the Second [...] Full text...

thread Politics

Libyan PM reiterates rejection of Parliament's tax on forex transactions

19 march 2024 - 13:35:00
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al-Dbaiba, has reaffirmed his total rejection of the recent measure of [...] Full text...

thread Economy

Libya's Prime Minister denies rumours of economic difficulties

18 march 2024 - 11:52:16
Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al-Dbaiba, has denied rumours circulating about the deteriorating economic situation of [...] Full text...

thread Economy

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

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

thread Economy

Decision by Libyan Speaker to tax forex transactions stirs outcry in Parliament

15 march 2024 - 12:42:26
Tripoli, Libya (PANA) - The Speaker of the Libyan House of Representatives (Parliament), Aguila Saleh, has announced  a 27% tax [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

African finance ministers call for global financial systems reform to favour development

07 march 2024 - 14:45:10
Victoria Falls, Zimbabwe (PANA) - African countries should with one voice, advocate for the reform of the global financial architecture [...] Full text...

thread Economy

BCL governor calls on Libyan parliament to revise dinar exchange rate and impose tax on foreign exchange transactions

06 march 2024 - 17:19:25
Tripoli, Libya (PANA) - The Governor of the Central Bank of Libya (BCL), Al-Seddik Al-Kebir, has proposed to the Speaker [...] Full text...

thread Economy

ECA calls on African countries to broaden their tax bases

05 march 2024 - 19:10:59
Cotonou, Benin (PANA) - The Deputy Executive Secretary of the Economic Commission for Africa (ECA), Hanan Morsy, has called on [...] Full text...

thread Economy

New data show massive, wider-than-expected global gender gap

04 march 2024 - 11:54:55
ATTN EDS: EMBARGOED: NOT FOR PUBLICATION UNTIL MONDAY, 4 MARCH, 2024, AT 15 GMT. Washington, DC, USA (PANA) - The global [...] Full text...

thread Gender

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

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

thread Economy

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

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

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

Kenyan church raps President Ruto over judicial independence

17 february 2024 - 22:59:19
Nairobi, Kenya (PANA) - Kenyan President William Ruto's government must respect constitutional barriers, notably guaranteeing the independence of the judiciary [...] Full text...

thread Politics

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

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

Stakeholders discuss revamping Libya's tourism sector

13 february 2024 - 13:19:20
Tripoli, Libya (PANA) - The interim Libyan Minister of Tourism and Handicrafts, Nasreddine al-Fezzani, has discussed  challenges facing the sector, [...] Full text...

thread Economy

Geopolitical situation in Horn of Africa region poses risks to Djibouti’s recovery – IMF warns

26 january 2024 - 10:24:57
Djibouti City, Djibouti (PANA) – Djibouti recorded a strong rebound in economic activity in 2023 but regional geopolitical developments pose [...] Full text...

thread Economy

How to ease rising external debt-service pressures in low-income countries: IMF Blog By Allison Holland and Ceyla Pazarbasioglu

25 january 2024 - 07:47:11
Washington, United States (PANA) - As 2024 starts, the good news is that there haven’t been any notable requests by [...] Full text...

thread Economy

IMF approves second tranche of US$600 million for Ghana under ECF arrangement

19 january 2024 - 19:53:26
Washington, DC, US (PANA) - The International Monetary Fund (IMF) has approved the second tranche of US$600 million for Ghana, [...] 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

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

Libya earns more than $26 billion in revenues in 2023 - Central Bank

08 january 2024 - 11:25:40
Tripoli, Libya (PANA) - Libya earmed 125.911 billion dinars (about $26.23 billion) in public revenue for the period from 1 [...] Full text...

thread Economy

Burkina Faso decrees 1% tax on salaries of public officials to fight terrorism

06 january 2024 - 12:05:57
Ouagadougou, Burkina Faso (PANA) - The government of Burkina Faso on on Friday adopted a decree establishing a compulsory withholding [...] Full text...

thread Politics

2024 is time to pick up the pace in fight against corruption to safeguard democracy: Transparency International

06 january 2024 - 10:26:14
Dar es Salaam, Tanzania (PANA) - With the beginning of a new calendar year, it’s all too familiar for people [...] Full text...

thread Society

'South Africa well positioned to capitalise on Middle East crisis'

29 december 2023 - 08:21:15
Cape Town, South Africa (PANA) – The South African Maritime Business Chamber (MBC) says the turmoil in the Middle East, [...] Full text...

thread Economy

IMF approves US$100 million under new ECF arrangement for Somalia

20 december 2023 - 08:06:51
Mogadishu, Somalia (PANA) – The International Monetary Fund (IMF} Board on Tuesday approved a new 36-month Extended Credit Facility (ECF) [...] Full text...

thread Economy

IMF directors complete review of Comoros Fund-assisted reform programme

16 december 2023 - 11:04:19
Moroni, Comoro (PANA) – The International Monetary Fund (IMF) Executive Board has welcomed the focus on structural reforms to strengthen [...] Full text...

thread Economy

Congo promotes governance reforms to boost inclusive, sustainable growth

16 december 2023 - 08:48:21
Brazzaville, Congo (PANA) - The World Bank on Saturday announced approval of a Development Policy Financing (DPF) operation of $80 [...] Full text...

thread Economy

IMF approves new two-year arrangement under RSF for Benin

15 december 2023 - 12:14:30
Washington, DC USA (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a two-year arrangement of [...] Full text...

thread Economy

DRC growth resilient amid challenging socioeconomic, security environment: IMF

15 december 2023 - 11:40:49
Kinshasa, DR Congo (PANA) - While economic growth of the Democratic Republic of Congo (DRC) remains resilient, fiscal, depreciation and [...] Full text...

thread Economy

IMF completes 2023 Article IV Consultation with Rwanda, approves US$268.05 million for Stand-by Credit Facility

15 december 2023 - 10:42:09
Kigali, Rwanda (PANA) - Despite the challenging environment, including the floods in May 2023, Rwandan authorities are to be commended [...] Full text...

thread Economy

Kenya can build on past success to make growth more inclusive, accelerate poverty reduction

14 december 2023 - 14:34:53
Nairobi, Kenya (PANA) - Kenya has in the past been successful in translating economic growth into improved living standards of [...] Full text...

thread Economy

Why digital trade should remain open: IMF Blog By Michele Ruta and Adam Jakubik

14 december 2023 - 14:27:00
Washington, United States (PANA) - Digital trade, from software sales to streaming movies, plays a bigger role than ever in [...] Full text...

thread Economy

Kenya secures support to further strengthen transparency in public finance management

13 december 2023 - 07:34:20
Nairobi, Kenya (PANA) — Kenya’s 485 ministries, departments, and agencies, as well as 240,000 registered firms, and 18 million citizens [...] Full text...

thread Economy

World Bank supports Cape Verde's efforts to strengthen drivers of growth

12 december 2023 - 12:04:38
Praia, Cape Verde (PANA) – The World Bank Board has approved a US$25 million Development Policy Financing (DPF) loan for [...] Full text...

thread Economy

Amid rising corruption, most Africans say they risk retaliation if they speak up, new Afrobarometer Pan-Africa Profile reveals

10 december 2023 - 14:13:13
Accra, Ghana (PANA) - A majority of Africans say that corruption in their country is rising, that their government is [...] Full text...

thread Society

Libya earns more than $22 billion in revenues since beginning of 2023 - BCL

06 december 2023 - 13:59:39
Tripoli, Libya (PANA) - A total of 110,498 million dinars or around 22.87 billion US dollars in public revenue was [...] Full text...

thread Economy

IMF approves Côte d’Ivoire’s economic performance

05 december 2023 - 09:21:14
Abidjan, Côte d’Ivoire (PANA) - Côte d’Ivoire’s economic performance under the International Monetary Fund (IMF) supported programme has been strong, [...] Full text...

thread Economy

IMF approves US$12.3 million support disbursement to Seychelles

05 december 2023 - 08:24:05
Victoria, Seychelles (PANA) - The IMF Executive Board on Monday completed the first reviews of the Seychelles Extended Arrangement under [...] Full text...

thread Economy

COP28: Methane pledge by ‘giants behind the climate crisis’ falls short, says Guterres

03 december 2023 - 13:46:08
Dubai, UAE (PANA) - UN Secretary-General António Guterres on Sunday sent a strong message to the oil and gas industry: [...] Full text...

thread Environment

World Economic Forum: US $13.5 trillion investment needed to fast-track decarbonisation for fossil fuel dependent industries

28 november 2023 - 11:28:47
Geneva, Switzerland (PANA) - Transitioning to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by [...] Full text...

thread Economy

High-level Generation Equality Africa regional meeting underlines commitment on financing for gender equality

22 november 2023 - 07:05:36
Dar es Salaam, Tanzania (PANA) - The High-level Generation Equality Africa Regional Meeting ended on Tuesday in Dar es Salaam, [...] Full text...

thread Gender

IMF completes final review of Sierra Leone’s ECF arrangement

21 november 2023 - 13:04:55
Freetown, Sierra Leone (PANA) - Sierra Leone has secured US$20.7 million under the Extended Credit Facility (ECF) of the International [...] Full text...

thread Economy

Zambia set to access $184 million in IMF financing

21 november 2023 - 10:18:19
Lusaka, Zambia (PANA) - Zambian authorities and the International Monetary Fund (IMF) team have reached a staff-level agreement on economic [...] Full text...

thread Economy

Libya strives to modernise its fiscal, monetary policy frameworks with IMF support

21 november 2023 - 09:33:36
Tripoli, Libya (PANA) – An International Monetary Fund (IMF) mission visiting Libya has expressed the Fund’s deepest condolences to the [...] Full text...

thread Economy

Cameroon 'remains resilient' in face of external shocks: IMF

18 november 2023 - 08:25:07
Yaoundé, Cameroon (PANA) - Cameroon has remained resilient in the face of successive external shocks and its real GDP growth [...] Full text...

thread Economy

IMF, Kenya reach staff-level deal on economic policies

17 november 2023 - 08:57:24
Nairobi, Kenya (PANA) - Kenyan authorities and the International Monetary Fund (IMF) staff have reached staff-level agreement on economic policies [...] Full text...

thread Economy

Mauritius-Africa Business Club marks 10th anniversary

14 november 2023 - 09:52:04
Port-Louis, Mauritius (PANA) - The Mauritius-Africa Business Club, which is a platform to encourage and enhance investments into the African [...] Full text...

thread Economy

China’s slowing economy will hit Sub-Saharan Africa’s growth: IMF

11 november 2023 - 08:11:15
Washington DC, United States (PANA) - China has forged deep economic ties with countries in sub-Saharan Africa over the past [...] Full text...

thread Economy

Denunciation of double taxation agreement between Burkina Faso and France enters into force

08 november 2023 - 15:48:51
Ouagadougou, Burkina Faso (PANA) - The denunciation of the double taxation agreement signed on 11 August 1965 between Burkina Faso [...] Full text...

thread Economy

Policy slippages, external shocks, high inflation compound vulnerabilities in Sierra Leone

07 november 2023 - 08:25:42
Freetown, Sierra Leone (PANA) - External shocks and policy slippages in recent years contributed to Sierra Leone’s macroeconomic imbalances, including [...] Full text...

thread Economy

Libyan government team visits Tangier Med Free Zone

04 november 2023 - 14:22:23
Tripoli, Libya (PANA) - A Libyan government task force, preparing a proposal for a national strategic map for free zones [...] Full text...

thread Economy

IMF staff appreciate Congo’s efforts on policies for macroeconomic stability

04 november 2023 - 07:49:45
Brazzaville, Republic of Congo (PANA) - An International Monetary Fund (IMF) team has welcomed the Congo Republic authorities’ renewed commitment [...] Full text...

thread Economy

Comorian authorities, IMF staff reach deal on economic policies and reforms

02 november 2023 - 13:58:16
Moroni, Comoro (PANA) – The Comoros’ expected growth in 2023 reflects an ongoing rebound in economic activity, says the International [...] Full text...

thread Economy

Tax earnings in Africa remain below pandemic levels

02 november 2023 - 13:46:47
Paris, France (PANA) - Africa’s average tax-to-GDP ratio was 15.6% in 2021, unchanged from the previous year and remaining below [...] Full text...

thread Economy

Climate action: ‘Take steps to close the adaptation gap, now’ - UNEP

02 november 2023 - 12:31:50
New York, US (PANA) - Instead of accelerating to meet the challenge of rising emissions, progress on climate adaptation is [...] Full text...

thread Environment

IMF encourages CAR to strengthen governance as inflation flares high

02 november 2023 - 12:23:34
Bangui, Central African Republic (PANA) - Central African Republic (CAR)’s economy is projected to grow by 1.0 percent in 2023, [...] Full text...

thread Economy

IMF, Mozambique authorities aim at agreement on credit arrangement

02 november 2023 - 11:40:21
Maputo, Mozambique (PANA) - Mozambique’s economic growth overall remains resilient and is projected at 6 percent in 2023, with headline [...] Full text...

thread Economy

Gambia, IMF conclude staff-level deal on Extended Credit Facility

02 november 2023 - 07:17:40
Banjul, Gambia (PANA) – The Gambian authorities and the International Monetary Fund (IMF) staff have reached a staff-level agreement on [...] Full text...

thread Economy

IMF, DRC reached staff-level deal on Extended Credit Facility

31 october 2023 - 18:41:49
Kinshasa, DR Congo (PANA) – Regardless of a difficult and uncertain environment, the economy of the Democratic Republic of Congo [...] Full text...

thread Economy

IMF approves US$25 million disbursement to CAR

31 october 2023 - 07:38:23
Washington, DC, US (PANA) – Economic activity in Central African Republic has improved this year though not as much as [...] Full text...

thread Economy

IMF mission completes arrangement for Mauritania’s Resilience and Sustainability Facility

28 october 2023 - 11:45:53
Nouakchott, Mauritania (PANA) - International Monetary Fund (IMF) staff and Mauritanian authorities have reached a preliminary agreement on completion of [...] Full text...

thread Economy

Libya meets on project to build digital economy and e-commerce

25 october 2023 - 18:27:48
Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Haweij, held [...] Full text...

thread Economy

To reduce South Africa’s unemployment, make work more attractive: World Bank Blog( By Jacques Morisset)

23 october 2023 - 19:01:35
Cape Town, South Africa (PANA) – At over 30%, unemployment is South Africa’s biggest contemporary challenge. Of course, there are [...] Full text...

thread Society

Libya grants pension to widows, divorcees, disabled members of the Palestinian community

20 october 2023 - 16:24:40
Tripoli, Libya (PANA) - The Council of Ministers of the Libyan government has decided to grant a basic pension to [...] Full text...

thread Politics

IMF chief calls for action on inclusive growth in MENA

15 october 2023 - 17:45:39
Marrakech, Morocco (PANA) - International Monetary Fund (IMF) Managing Director, Ms. Kristalina Georgieva, on Sunday called for action following her [...] Full text...

thread Economy