IMF staff conclude Article IV discussions with Somalia
01 november 2024 - 07:12:01Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...
thread Economy
Breaking news
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US, Zambia sign agreement to catalyse growth in agricultural sector
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Senior US diplomat participates in Dakar Biennale
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South African Airways launches new direct flight to DRC’s Lubumbashi
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EC publishes 2023 international climate finance figures
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Girls’ rights, fragility, and the future: World Bank Blog By Doreen Kibuka-Musoke and Tim Agaba Baroraho
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Gaza: Polio campaign reaches 94,000 children in besieged north
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US Secretary of State speaks with Egyptian Foreign Minister on Middle East crisis, Sudan
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Lessons of Hamas operation against Israel, - Libyan newspaper,
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The promise and peril of runaway technological advances
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’Aid restrictions and dismantling UNRWA will compound Gazans’ suffering’
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2024 CAF Women’s Champions League schedules
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Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...
IMF concludes reviews with Kenya
31 october 2024 - 08:19:16Washington, 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 - 10:50:02Washington, 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 - 09:42:53Antananarivo, 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 - 07:53:28Dar 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 - 12:26:35Dakar, 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 - 12:08:39Lusaka, 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 - 10:11:01Abuja, 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 - 11:04:22Washington, 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 - 10:56:27N’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 - 13:06:58EMBARGOED: 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 - 10:50:15Cape 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 - 07:49:01Washington, 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 - 10:14:38Malabo, 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 - 14:24:08Washington, 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 - 10:19:49Djibouti, 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 - 10:06:01Monrovia, 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 - 05:53:12New 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 - 07:55:34Lusaka, 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 - 06:05:03New 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 - 10:49:24Washington, 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 - 11:08:31Cape 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 - 12:55:31Washington, 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 - 12:42:03Cotonou, 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 - 10:09:07Washington, 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 - 05:44:45New 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 - 12:05:32Washington 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 - 12:00:14Washington, 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 - 12:31:51Bissau, 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 - 07:14:37Cairo, 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 - 15:09:55Nairobi, 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 - 05:30:17Geneva, 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 - 08:02:31Washington, 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 - 07:42:44Brazzaville, 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 - 16:47:46Yaoundé, 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 - 06:53:05Washington, 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 - 07:46:40Cairo, 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 - 07:28:11Nairobi, 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 - 18:03:28Addis 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 - 11:20:08Nouakchott, 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 - 09:20:08Washington, 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 - 06:46:44Addis 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 - 11:18:44Washington, 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 - 12:03:00Tripoli, 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 - 07:16:34Brazzaville, 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 - 05:32:55Washington, 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 - 11:36:18Washington, 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 - 10:19:27Nairobi, 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 - 07:07:00Lusaka, 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 - 06:27:42Washington, 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 - 18:15:04Washington, 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 - 16:26:04Nairobi, 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 - 11:46:56Nairobi, 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 - 08:40:56Abidjan, 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 - 21:26:45Nairobi, 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 - 18:04:37Nairobi, 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 - 16:34:11Nairobi, 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 - 18:24:23Nairobi, 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 - 12:16:27Antananarivo, 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 - 10:20:58Moroni, 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 - 12:10:51Accra, 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 - 17:41:57Mogadishu, 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 - 17:05:27Nairobi, 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 - 16:28:55Washington, 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 - 09:09:39Washington, 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 - 08:12:40Cairo, 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 - 10:22:12Abuja, 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 - 11:23:00Juba, 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 - 07:15:16Dakar, 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 - 10:21:16Nairobi, 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 - 14:02:38Washington, 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 - 10:15:27Lomé, 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 - 17:11:09Tripoli, 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 - 12:20:53Praia, 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 - 07:20:04São 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 - 13:52:47Lusaka, 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 - 10:40:06Victoria, 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 - 18:05:10Niamey, 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 - 13:01:51Brazzaville, 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 - 10:06:36Mogadishu, 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 - 18:28:25Bissau, 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 - 08:08:49Lome, 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 - 08:47:38Dar 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 - 08:24:36Port 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 - 18:29:26Tunis, 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 - 11:43:34Tripoli 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 - 07:54:18Washington, 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 - 08:20:24Praia, 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 - 16:40:21Tripoli, 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 - 16:11:48Lusaka, 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 - 05:41:13Washington, 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 - 05:29:35Dakar, 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 - 09:25:20Dakar, 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 - 09:26:17Bamako, 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 - 18:48:51Kinshasa, 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 - 07:06:33Washington, 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 - 04:35:02New 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 - 11:33:36Bangui, 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 - 12:38:57Tripoli, 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 - 17:37:06Washington 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 - 06:13:40New 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 - 11:27:22Washington, 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 - 08:42:06Washington, 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 - 08:16:04Washington, 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 - 14:07:54Tripoli, 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 - 08:02:47Abidjan, 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 - 06:22:22Dakar, 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 - 16:57:54Dakar, 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 - 07:50:15Washington 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 - 13:59:59Tripoli, 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 - 13:35:00Tripoli, 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 - 11:52:16Tripoli, 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 - 07:50:19Abidjan, 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 - 12:42:26Tripoli, 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 - 16:58:47Bissau, 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 - 08:00:52Mogadishu, 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 - 14:45:10Victoria 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 - 17:19:25Tripoli, 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 - 19:10:59Cotonou, 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 - 11:54:55ATTN 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 - 10:50:09Lomé, 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 - 17:37:02Kigali, 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 - 17:10:06Washington 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 - 17:05:58Abu 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 - 10:31:35Port 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 - 10:57:32Rabat, 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 - 22:59:19Nairobi, 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 - 11:14:16Libreville, 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 - 08:04:51Harare, 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 - 13:19:20Tripoli, 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 - 10:24:57Djibouti 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 - 07:47:11Washington, 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 - 19:53:26Washington, 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 - 07:04:48Dar 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 - 11:01:14Banjul, 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 - 11:25:40Tripoli, 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 - 12:05:57Ouagadougou, 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 - 10:26:14Dar 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 - 08:21:15Cape 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 - 08:06:51Mogadishu, 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 - 11:04:19Moroni, 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 - 08:48:21Brazzaville, 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 - 12:14:30Washington, 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 - 11:40:49Kinshasa, 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 - 10:42:09Kigali, 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 - 14:34:53Nairobi, 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 - 14:27:00Washington, 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 - 07:34:20Nairobi, 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 - 12:04:38Praia, 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 - 14:13:13Accra, 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 - 13:59:39Tripoli, 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 - 09:21:14Abidjan, 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 - 08:24:05Victoria, 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 - 13:46:08Dubai, 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 - 11:28:47Geneva, 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 - 07:05:36Dar 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 - 13:04:55Freetown, 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 - 10:18:19Lusaka, 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 - 09:33:36Tripoli, 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 - 08:25:07Yaoundé, 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 - 08:57:24Nairobi, 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 - 09:52:04Port-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 - 08:11:15Washington 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 - 15:48:51Ouagadougou, 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 - 08:25:42Freetown, 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 - 14:22:23Tripoli, 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 - 07:49:45Brazzaville, 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 - 13:58:16Moroni, 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 - 13:46:47Paris, 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 - 12:31:50New 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 - 12:23:34Bangui, 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 - 11:40:21Maputo, 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 - 07:17:40Banjul, 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 - 18:41:49Kinshasa, 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 - 07:38:23Washington, 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 - 11:45:53Nouakchott, 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 - 18:27:48Tripoli, 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 - 19:01:35Cape 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 - 16:24:40Tripoli, 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 - 17:45:39Marrakech, Morocco (PANA) - International Monetary Fund (IMF) Managing Director, Ms. Kristalina Georgieva, on Sunday called for action following her [...] Full text...
thread Economy
It is a richer world today, but not everyone has benefited: IMF chief
13 october 2023 - 16:25:51Marrakech, Morocco (PANA) - While global economic integration has helped billions of people become wealthier, healthier, and more productive—for too [...] Full text...
thread Economy
Decline in oil output likely to upset Equatorial Guinea’s recovery prospects
07 october 2023 - 09:38:44Malabo, Equatorial Guinea (PANA) - Economic indicators in 2022 registered improvements after a long recession in Equatorial Guinea as real [...] Full text...
thread Economy
IMF staff, Guinea Bissau reach staff-level deal on extended credit facility arrangement
04 october 2023 - 07:37:47Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) staff and the Guinea Bissau authorities have reached a staff-level [...] Full text...
thread Economy
Growth in mining expected to take Namibia back to pre-pandemic level
03 october 2023 - 17:08:58Windhoek, Namibia (PANA) - On the back of sustained mining growth and recovery in tourism, Namibia’s real GDP growth reached [...] Full text...
thread Economy
Countries must contain global warming while keeping debt in check: IMF Blog By Era Dabla-Norris, Ruud de Mooij, Raphael Lam, and Christine Richmond
03 october 2023 - 13:38:25Washington DC, US (PANA) - As the window of opportunity to contain global warming is closing rapidly, many countries are [...] Full text...
thread Economy
FIFA under pressure to remove Samuel Eto'o as Cameroon FA president
28 september 2023 - 12:01:36Yaounde, Cameroon (PANA) - FIFA has been urged to intervene and remove Samuel Eto'o from his role as president of [...] Full text...
thread Sports
Fragile states need customised support to strengthen institutions: IMF Blog
23 september 2023 - 08:51:05Washington DC, United States (PANA) - In the most vulnerable countries, strengthening state capacity must adapt to more frequent economic [...] Full text...
thread Economy
Burkina Faso secures US$302 million under IMF credit arrangement
22 september 2023 - 16:30:08Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 48-month arrangement under [...] Full text...
thread Economy
IMF completes staff-level deal with Somalia on review under Extended Credit Facility
22 september 2023 - 16:19:08Mogadishu, Somalia (PANA) - An International Monetary Fund (IMF) team has reached a staff-level agreement on the sixth review under [...] Full text...
thread Economy
ADF approves US$20 million to improve business environment, drive investments to climate-smart agriculture in Mozambique
19 september 2023 - 06:58:26Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund (ADF), the African Development Bank Group’s [...] Full text...
thread Economy
Angola: Unlocking the potential of creative industries (UNCTAD Feature)
15 september 2023 - 18:30:22Geneva, Switzerland (PANA) - Angola's nascent creative industries hold vast potential to help diversify its oil-dependent economy. To do so, [...] Full text...
thread Society
UN rights chief blasts ‘politics of repression and division
11 september 2023 - 17:00:15Geneva, Switzerland (PANA) - To advance development, States must reject authoritarianism and protect civic space and fundamental rights, UN rights [...] Full text...
thread Society
ADF provides US$5 million to support capacity building for public officials, improve management of public finances
08 september 2023 - 11:18:12Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Fund (ADF) has approved a donation of [...] Full text...
thread Economy
Libyan Finance Minister calls for consolidation of efforts to combat money laundering, terrorist financing
07 september 2023 - 13:29:42Tripoli, Libya (PANA) - Libya's Minister of Finance, Khaled al-Mabrouk, has stressed the importance of stepping up reform efforts to [...] Full text...
thread Society
Money laundering poses risk to financial sector stability: IMF Blog (By Pierre Bardin, Antoine Bouveret, Grace Jackson, Maksym Markevych)
06 september 2023 - 10:02:42Washington DC, US (PANA) - Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a [...] Full text...
thread Economy
Guinea-Bissau secures US$3.15 million under IMF’s credit facility
31 august 2023 - 07:52:01Bissau, Guinea-Bissau (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday completed the second review under [...] Full text...
thread Economy
Voices from informal businesses: World Bank Blog
25 august 2023 - 13:33:29Washington, DC, US (PANA) - Informal business is widespread in the developing world, accounting for over 70 per cent of [...] Full text...
thread Society
AfDB VP tours Export Trade Group in southern Africa
03 august 2023 - 09:55:15Abidjan, Cote d'Ivoire (PANA) - The Vice President of the African Development Bank (AfDB) Group, Solomon Quaynor, has concluded a [...] Full text...
thread Agriculture
IMF deputy chief tips Tanzanian authorities on social spending, priority investment
02 august 2023 - 06:58:36Dar es Salaam, Tanzania (PANA) – Tanzanian authorities should enhance domestic revenue mobilisation through tax reforms, which will help create [...] Full text...
thread Society
IMF Executive Board concludes 2023 Article IV Consultation with Lesotho
20 july 2023 - 13:38:01Washington, DC, US (PANA) – Lesotho’s economy continues to face a number of challenges in the wake of the pandemic [...] Full text...
thread Economy