IMF reaches Staff Level agreement on Second Review of ECF for Ethiopia
28 november 2024 - 09:29:50Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris and [...] Full text...
thread Economy
Breaking news
- Agriculture
AfDB approves €24 million loan to Côte d’Ivoire to improve fisheries and aquaculture sectors
- Culture
Senior US diplomat participates in Dakar Biennale
- Economy
Thursday’s exchange rates for the Gambian Dalasi
- Environment
World Bank approves US$250 million program to strengthen Morocco’s municipal solid waste management
- Gender
UN: Number of Sudanese people at risk of GBV tripled
- Health
WHO’s would-be Regional Director for Africa passes on
- Politics
Ghana’s presidential candidates sign peace pact
- Press Review
Lessons of Hamas operation against Israel, - Libyan newspaper,
- Sciences
The promise and peril of runaway technological advances
- Social
Libya chairs Arab discussion group at mine action session
- Society
‘We need peace’: UN Alliance of Civilizations Global Forum concludes with hope
- Sports
Premier League giants gain edge in Osimhen race After Galatasaray’s major setback
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Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris and [...] Full text...
World Bank approves US$250 million program to strengthen Morocco's municipal solid waste management
28 november 2024 - 08:08:49Washington, DC, United States (PANA) - The World Bank's Board of Directors has approved the US$250 million Morocco Municipal Solid [...] Full text...
thread Environment
G7 FMs, EU reiterate commitment to support peace in Africa
26 november 2024 - 21:04:54Washington, DC, US (PANA) - The G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the [...] Full text...
thread Politics
Currencies and inflation across Sub-Saharan Africa in 2024: Divergent experiences: World Bank Blog By Megumi Kubota and Cesar Calderon
26 november 2024 - 07:30:51Maputo, Mozambique (PANA) - While inflation pressures seemed mostly synchronised in 2022 and the first half of 2023, they are [...] Full text...
thread Economy
Talks begin in South Korea to clinch ‘essential’ deal on plastics pollution
25 november 2024 - 17:40:19Busan, South Korea (PANA) - Talks began in Busan, South Korea, on Monday aiming to clinch a legally binding deal [...] Full text...
thread Environment
COP29: Climate talks conclude with $300 billion annual pledge
24 november 2024 - 06:51:10Baku, Azerbaijan (PANA) - Rich nations pledged to contribute at least $300 billion annually to the global fight against climate [...] Full text...
thread Environment
World Bank study calls for investing in the success of adolescent girls in Africa
21 november 2024 - 17:55:17Washington, DC, United States (PANA) - Amid growing calls to invest in human capital and expand job opportunities for Africa’s [...] Full text...
thread Society
IMF mission concludes visit to Egypt on review of Extended Fund Facility
21 november 2024 - 08:47:30Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...
thread Economy
Global airlines chief urges continental carriers to exploit Africa's growth potential
19 november 2024 - 14:00:28Cairo, Egypt (PANA) - African airlines should take advantage of the existence of a massive population within the continent to [...] Full text...
thread Economy
New European wealth gauge kelps policymakers address inequality: IMF Blog By Henning Ahnert, Francien Berry, Darja Milic, and Jorrit Zwijnenburg
19 november 2024 - 07:11:17Brussels, Belgium (PANA) - Economists monitor income disparities because they can harden into more structural wealth inequalities that concern policymakers. [...] Full text...
thread Society
Norway announces early pledge to IDA21 during G20 Summit in Rio de Janeiro
19 november 2024 - 07:09:14Rio de Janeiro, Brazil (PANA) - In a significant move to bolster global development efforts, Norway has announced its early [...] Full text...
thread Economy
South Africa to receive G20 presidency this week
18 november 2024 - 08:42:37Rio de Janeiro, Brazil (PANA) – South Africa's President, Cyril Ramaphosa, on Sunday night arrived in Brazil where he will [...] Full text...
thread Politics
COP29: Putting people at the centre of climate solutions: World Bank Blog By Mamta Murthi and Juergen Voegele
18 november 2024 - 08:36:22Luanda, Angola (PANA) - Climate change is an urgent human crisis. Since 2022, 400 million students worldwide have faced school [...] Full text...
thread Environment
IMF Country Focus: Growth in sub-Saharan Africa is diverging By Saad Quayyum, Nikola Spatafora, Sanghamitra Mukherjee, and Hamza Mighri
15 november 2024 - 07:49:18Dar es Salaam, Tanzania (PANA) - Stagnating incomes in the region's resource-intensive economies necessitate more effective fiscal management and broad-based [...] Full text...
thread Economy
IMF reaches staff-level deal with DRC on ECF, RSF for US$ 1.77 billion
14 november 2024 - 08:35:29Kinshasa, DR Congo (PANA) – Authorities in the Democratic Republic of Congo (DRC) and a mission of the International Monetary [...] Full text...
thread Economy
New report outlines pathways to sustainable growth in Rwanda
14 november 2024 - 07:22:54Kigali, Rwanda – The Government of Rwanda and the World Bank on Wednesday launched the Rwanda Country Economic Memorandum (CEM), [...] Full text...
thread Economy
COP29: Energy transition must not trigger a ‘stampede of greed’ that crushes the poor
13 november 2024 - 12:09:09Baku, Azerbaijan (PANA) - Climate talks at COP29 in Baku on Wednesday turned to the pressing issue of how to [...] Full text...
thread Environment
South African delegation participates in COP29
13 november 2024 - 08:59:31Cape Town, South Africa (PANA) – A high-level South African delegation is attending COP29 which is underway in Baku, Azerbaijan [...] Full text...
thread Environment
COP29: ‘Pay up or humanity will pay the price’, Guterres warns climate summit
12 november 2024 - 12:48:27Baku, Azerbaijan (PANA) UN Secretary-General António Guterres said on Tuesday that leaders gathered in Baku for the COP29 Climate Action [...] Full text...
thread Environment
IMF, Zambia strike deal on 4th review of Extended Credit Facility
12 november 2024 - 11:49:13Lusaka, 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 - 11:05:01Niamey, Niger (PANA) - Niger’s economic outlook is favourable over the near term, with growth projected at 8.8 percent this [...] Full text...
thread Economy
The clock is ticking on sub-Saharan Africa's urgent job creation challenge: IMF Blog By Athene Laws, Faten Saliba, Can Sever, and Luc Tucker
12 november 2024 - 08:41:34Gaborone, Botswana (PANA) - To employ a growing population, the region needs to transform informal jobs, reduce barriers to business [...] Full text...
thread Society
How property taxes can help low-income countries to develop: IMF Blog By Martin Grote, Mario Mansour, and Jean-François Wen
12 november 2024 - 08:15:09Lagos, Nigeria (PANA) - The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth [...] Full text...
thread Society
FLEX 2024: African ministers, education stakeholders gather in Kigali to track progress in addressing learning crisis
12 november 2024 - 07:48:07Kigali, Rwanda (PANA) - Over 500 education leaders, including 28 ministers of education and ministerial representatives from 39 African countries, [...] Full text...
thread Society
AfDB approves €24 million loan to Côte d'Ivoire to improve fisheries and aquaculture sectors
10 november 2024 - 13:14:34Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a loan [...] Full text...
thread Agriculture
Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans
09 november 2024 - 09:56:14Washington DC, United States (PANA) – Countries are entering a critical phase in achieving the health Sustainable Development Goals (SDGs), [...] Full text...
thread Health
IMF issues preliminary statement on assessment of Congo’s financial stability
08 november 2024 - 08:16:18Washington, DC, United States (PANA) - International Monetary Fund (IMF) staff is engaging with the Republic of Congo authorities to [...] Full text...
thread Economy
IMF, Guinea Bissau reach staff-level deal on review of ECF arrangement
08 november 2024 - 07:47:03Bissau, Guinea Bissau (PANA) – The International Monetary Fund (IMF) and Guinea Bissau have reached staff-level agreement on economic policies [...] Full text...
thread Economy
Why pastoralism matters more than ever for the Sahel and West Africa’s future: World Bank open editorial by Mohamed Ould El-Ghazaouani, President of Mauritania, Mahamat Idriss Déby, President of Chad and Ousmane Diagana, World Bank Vice-President for West and Central Africa
07 november 2024 - 09:12:09Nouakchott, Mauritania (PANA) - Today, more than ever, we must turn our attention to pastoralism across the Sahel and West [...] Full text...
thread Environment
South African President Ramaphosa salutes Trump after election victory
07 november 2024 - 09:10:40Cape Town, South Africa (PANA) – South African President Cyril Ramaphosa on Thursday congratulated Donald Trump on his victory in [...] Full text...
thread Politics
From the margins to the centre: Africa's role in shaping AI governance: World Bank Blog By Aubra Anthony, Jane Munga and Sharmista Appaya
06 november 2024 - 10:19:27Addis Ababa, Ethiopia (PANA) - The coming years offer Africa an immense opportunity to evolve from an AI consumer to [...] Full text...
thread Society
Climate action essential to Senegal’s upper-middle-income country aspiration, says new report
06 november 2024 - 09:07:30Dakar. Senegal (PANA) - A new World Bank Group report highlights the significant economic and social benefits of climate action [...] Full text...
thread Economy
'Over 2 billion in cities will be exposed to 0.5ºC rise by 2040'
06 november 2024 - 05:26:16Cairo, Egypt (PANA) - More than two billion people currently living in cities could be exposed to an additional temperature [...] Full text...
thread Environment
Climate resilience in Guinea-Bissau hinges on stability, governance and business climate
05 november 2024 - 07:32:25Bissau, Guinea-Bissau (PANA) - Strengthened institutional and financial systems are crucial for fostering climate resilience and sustainable development in Guinea-Bissau, [...] Full text...
thread Economy
Gambia, IMF reach staff-level agreement on second review of ECF arrangement
05 november 2024 - 07:26:28Banjul, Gambia (PANA) – International Monetary Fund (IMF} staff and the Gambian authorities have reached a staff-level agreement on economic [...] Full text...
thread Economy
Global UN forum opens in Cairo to rethink urban development
05 november 2024 - 05:36:30Cairo, Egypt (PANA) - Thousands of delegates on Monday joined United Nations representatives gathered in Cairo to kick off the [...] Full text...
thread Environment
AfDB approves $54 million loan for Mozambique’s first wind energy project
03 november 2024 - 05:38:10Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a loan of [...] Full text...
thread Economy
IMF Executive Board approves US$248.5 million for Sierra Leone
01 november 2024 - 07:33:51Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday concluded the 2024 Article [...] Full text...
thread Economy
Some 1.2 billion people at high risk from climate change worldwide - World Bank
01 november 2024 - 07:22:57Washington, DC, US (PANA) - Some 1.2 billion people face life-changing risks through exposure to at least one critical climate [...] Full text...
thread Environment
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
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
ETF and OTC investment flows buoy total gold demand
30 october 2024 - 13:01:00London, UK (PANA) - Healthy inflows into global gold exchange traded funds (ETFs) were a major driver of growth in [...] 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
Oversupply could mute effects of wider Middle-East conflict on oil prices
29 october 2024 - 05:30:51EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, October 29, 2024, AT 11:00 AM UTC.Washington, DC, United States (PANA) [...] Full text...
thread Economy
From challenges to opportunities: Transforming human capital in CEMAC: World Bank Blog By Ioana Botea and Nathalie Lahire
28 october 2024 - 12:08:47Yaoundé, Cameroon (PANA) - Human capital is a cornerstone for sustained and inclusive growth. In today’s world, a nation’s wealth [...] Full text...
thread Society
Togo advances reforms, pursues sound economic policies: IMF
25 october 2024 - 12:30:38Lomé, Togo (PANA) – An International Monetary Fund (IMF) staff mission has commended Togolese authorities on the sustained progress in [...] Full text...
thread Economy
IMF Managing Director outlines global policy agenda
25 october 2024 - 11:09:16Washington, DC, United States (PANA) - The global economy is in danger of getting stuck on a low-growth, high-debt path, [...] Full text...
thread Economy
AfDB urges practical solutions to tackle poverty in Africa
25 october 2024 - 09:28:05Washington, DC., US, (PANA) - Climate change, global financial shocks and growing food insecurity are threatening Africa, the world’s [...] Full text...
thread Economy
Spain announces early commitment of €400 million to IDA, nearly 40% increase in pledge
24 october 2024 - 17:55:28Washington, DC, United States (PANA) - Spain has announced an early financial commitment of €400 million to the International Development [...] Full text...
thread Economy
World Bank Group advances gender strategy, unveils economic opportunity ambitions
24 october 2024 - 14:35:56Washington DC, United States (PANA) - The World Bank Group on Thursday took the first steps toward implementing Gender Strategy [...] Full text...
thread Gender
Finding a pathway to employment for young women in Benin: World Bank Blog By Saint-Martin Kodjovi Mongan Agbeshie, Rachael Pierotti, Nicola Duell and Claudia Rivas
24 october 2024 - 13:02:45Cotonou, Benin (PANA) - It’s early morning in Benin and Solange, a young mother, is dropping her child off at [...] Full text...
thread Gender
Beninese youth, of which 51% are women. This represents a major improvement compared to a 40% female participation in previous employment programmes
24 october 2024 - 10:34:44Cotonou, Benin (PANA) - To empower women, Benin worked with the Partnership for Economic Inclusion (PEI)—a global platform hosted by [...] Full text...
thread Gender
Joint IMF-Regional Financing Arrangements hold dialogue on effective collaboration
24 october 2024 - 06:37:41Washington, DC, United States (PANA) - The 9th High-level Regional Financing Arrangements (RFAs) Dialogue was held on Wednesday in Washington [...] Full text...
thread Economy
South Africa: Ramaphosa's pro-Russia remarks raise tensions
23 october 2024 - 16:20:09Cape Town, South Africa (PANA) – President Cyril Ramaphosa’s bilateral meeting with Russian President Vladimir Putin on Tuesday has sparked tensions [...] Full text...
thread Politics
Global financial fragilities mount despite rate cuts and buoyant markets: IMF Blog By Tobias Adrian, Sheheryar Malik, and Jason Wu
23 october 2024 - 10:10:27Washington, DC, United States (PANA) - When it comes to financial stability, the world is facing a split screen of [...] Full text...
thread Economy
Rwanda’s economic growth among strongest in Sub-Saharan Africa: IMF
23 october 2024 - 08:51:42Kigali, Rwanda (PANA) – International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies needed [...] Full text...
thread Economy
US, Angola sign Open Skies agreement
22 october 2024 - 04:44:20Luanda, Angola (PANA) - The US and Angola have signed an Open Skies Air Transport Agreement in Luanda to advance [...] Full text...
thread Economy
US, Zambia sign agreement to catalyse growth in agricultural sector
21 october 2024 - 06:01:30Washington, DC, US (PANA) - The United States has welcomed the signing of $491 million project with the Government of [...] Full text...
thread Agriculture
How high economic uncertainty may threaten global financial stability: IMF Blog By Mario Catalán, Andrea Deghi and Mahvash S. Qureshi
20 october 2024 - 14:53:14Washington, DC, United States (PANA) - Uncertainty is not as easily measured as traditional indicators like growth or inflation, but [...] Full text...
thread Economy
AfDB approves $100 million to support youth and women-led MSMEs in Nigeria
20 october 2024 - 06:27:25Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has approved a $100 million loan to increase access to [...] 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
A Pact for the world’s poorest
18 october 2024 - 18:43:08By Deodat MaharajManaging Director, United Nations Technology Bank for Least Developed Countries New York, US (PANA) - Last month, world leaders [...] 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
Support for economic reforms hinges on communication, engagement, and trust: IMF Blog By Silvia Albrizio, Bertrand Gruss, and Yu Shi
17 october 2024 - 14:25:35Washington DC, United States (PANA) - The global economy is stuck in a low-growth gear, largely because of aging populations, [...] Full text...
thread Economy
IMF team assesses Senegal’s finance inspectorate reports
17 october 2024 - 12:26:35Dakar, 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
Modest growth forecast for economies in MENA amid rising uncertainty
17 october 2024 - 06:58:59Washington, DC, United States (PANA) - Growth continues to be subdued in the Middle East and North Africa (MENA) because [...] Full text...
thread Economy
2024 FIFA U-17 WWC: Three African nations take on the world
17 october 2024 - 05:37:16Cairo, Egypt (PANA) - The 2024 Under-17 Women's World Cup will be a showcase for African women's football, as teams [...] Full text...
thread Sports
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
Regaining modern values can reverse the slowdown in innovation and its rewards: IMF Blog By Edmund Phelps
16 october 2024 - 07:32:49Washington DC, United States (PANA) - Why do some nations experience mass economic flourishing while others do not? Why did [...] Full text...
thread Economy
Examining assumptions in education policy: A decade of World Bank research By Luis Benveniste, Tracy Wilichowski, Quentin Daviot and Gabrielle Arenge
16 october 2024 - 07:31:10Washington, DC. United States (PANA - A compendium of impact evaluations provides policymakers and practitioners with actionable information to enhance [...] Full text...
thread Society
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
Nearly two million severely malnourished children at risk of death due to funding shortages for therapeutic food
15 october 2024 - 11:56:33New York, US (PANA) - Nearly two million children suffering from severe wasting, also known as severe acute malnutrition, are [...] Full text...
thread Society
The Chief Economists of Government Network supporting the role of Africa’s chief economic advisors: World Bank Blog By Trudi Makhaya
15 october 2024 - 06:58:53Lusaka, Zambia (PANA) - Today’s political chief executive is expected to play a significant role in driving economic policy. Heads [...] Full text...
thread Society
‘Africa must continue to rise,’ says General Assembly President
15 october 2024 - 04:49:41New York, US (PANA) - To meet the 2030 Agenda for Sustainable Development, the UN General Assembly President on Monday [...] Full text...
thread Politics
UN: Over 2 million babies born into Sudan's devastating conflict
14 october 2024 - 16:56:29Port Sudan, Sudan (PANA) – An international charity organisation catering for children has said over 2 million babies are estimated [...] Full text...
thread Health
World Bank economic update proposes policy options to promote Gabon’s forest conservation
14 october 2024 - 15:03:26Libreville, Gabon (PANA) - Gabon experienced lower growth in 2023 (2.4%) amid transport disruptions that impacted wood and manganese production, [...] Full text...
thread Economy
Urgent education reform key to unlocking faster, more inclusive growth in Africa: WB report
14 october 2024 - 14:42:34Washington, DC, United States (PANA) - Despite signs of a fragile economic recovery, Sub-Saharan Africa, remains stuck in “low gear” [...] 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
AfDB, AFD cement partnership to support youth entrepreneurship in Africa
13 october 2024 - 05:11:55Abidjan, Cote d'Ivoire (PANA) - The African Development Bank Group and Agence Française de Développement (AFD) have announced they would [...] Full text...
thread Economy
When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier
12 october 2024 - 14:23:40Washington DC, United States (PANA) – With major central banks now cutting policy rates, the global interest rate cycle is [...] Full text...
thread Economy
IMF staff, Gambia review country’s programme under ECF arrangement
12 october 2024 - 12:02:05Banjul, Gambia (PANA) – The International Monetary Fund (IMF) staff and the Gambian authorities have conducted productive discussions on economic [...] Full text...
thread Economy
IMF expects Côte d’Ivoire to boost recovery of regional official reserves
11 october 2024 - 11:38:27Abidjan, Cote d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Cote d’Ivoire authorities have reached a staff-level agreement [...] Full text...
thread Economy
We must place our hope in multilateralism: IMF article By Gordon Brown, former Prime Minister of the United Kingdom
11 october 2024 - 11:13:20London, United Kingdom (PANA) – Only by working together can countries fend off fragmentation and deepening crises “Those who look only [...] Full text...
thread Economy
Sierra Leone needs fiscal consolidation measures to ensure sustainable economic environment: WB report
11 october 2024 - 06:22:46Freetown, Sierra Leone (PANA) - Sierra Leone's economy grew by 5.7% in 2023, exceeding expectations, driven by strong performance in [...] Full text...
thread Economy
IMF team discusses macroeconomic policies on Burkina Faso visit
10 october 2024 - 09:15:52Ouagadougou, Burkina Faso (PANA) - An International Monetary Fund (IMF) staff team led by Martin Schindler visited Ouagadougou during 30 [...] Full text...
thread Economy
World Bank Group unveils strategy to drive inclusive growth, resilience in Zimbabwe
09 october 2024 - 07:04:12Harare, Zimbabwe (PANA) -The World Bank Group’s Board of Executive Directors has approved the new Country Engagement Note (CEN) for [...] Full text...
thread Economy
Why women risk losing out in shift to green jobs: IMF Blog By tefania Fabrizio, Florence Jaumotte, and Marina M. Tavares
08 october 2024 - 07:01:27Washington, DC, United States (PANA) - Men hold about 70 percent of the world’s polluting jobs, so one might think [...] Full text...
thread Economy
ECOWAS Bank to invest EUR 61 million, $100 million to boost infrastructure, trade
08 october 2024 - 05:00:17Lomé, Togo (PANA) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved investments [...] Full text...
thread Economy
In plain view: Solutions to turbocharge the agrifood system transition: World Bank Blog By Sergiy Zorya, Joshua Gill, Alexandra Horst and Francis Addeah Darko
07 october 2024 - 07:17:30Dar es Salaam, Tanzania (PANA) - Momentum is growing for real food systems change at a scale never seen before. [...] Full text...
thread Agriculture
Community court strengthens expertise in dispute settlement mechanisms under AfCFTA and ECOWAS
06 october 2024 - 05:49:30Abuja, Nigeria (PANA) - Judges, legal officers and registry staff of the ECOWAS Court of Justice have participated in a [...] Full text...
thread Society
IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility
04 october 2024 - 13:00:46Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...
thread Economy
US, Ghana hold security dialogue
04 october 2024 - 06:01:24Washington, DC, US (PANA) - The United States and Ghana on Thursday held a joint security dialogue in Washington, DC, [...] Full text...
thread Politics
Implementation gaps hinder business climate in 50 economies: WBG report
03 october 2024 - 15:32:24Washington, DC, United States (PANA) - Economies do better at enacting regulations to improve the national business climate than they [...] Full text...
thread Economy
Strengthening coastal resilience in Senegal: Vital issue for the people of Saint-Louis: World Bank Blog By Sokhna Ba and Seydina Alioune Djigo
03 october 2024 - 07:50:28Saint-Louis, Senegal (PANA) - Khady Beye Sene cannot hide her satisfaction: after losing her home to coastal erosion in 2018, [...] Full text...
thread Environment
South Sudan faces macroeconomic challenges resulting from endless war in neighbouring Sudan: IMF team
02 october 2024 - 18:12:48Juba, South Sudan (PANA) – South Sudan continues to face several difficult macroeconomic challenges, partly resulting from the spillovers of [...] Full text...
thread Economy
Working from home is powering productivity: IMF article by Nicholas Bloom
02 october 2024 - 05:39:32Washington, DC, United States (PANA) - Economics is famous for being the dismal science. Sadly, recent work highlighting the slowdown [...] Full text...
thread Society
IMF, Seychellois authorities reach Staff-Level Agreement on Third Reviews
01 october 2024 - 14:24:08Washington, DC, US (PANA) - An International Monetary Fund (IMF) mission, led by Mr. Todd Schneider, conducted discussions with the [...] Full text...
thread Economy
Subdued outlook constrains Eswatini’s ability to respond to social needs: IMF
01 october 2024 - 07:53:37Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...
thread Economy
Water is cultivating hope and transforming lives of Rwanda's farmers: World Bank Blog By Hayalsew Yilma
01 october 2024 - 07:50:03Kigali, Rwanda (PANA) - I will never forget my first encounter with Damien and Vestine, a warm and welcoming couple [...] Full text...
thread Society
Niger anticipates economic recovery on from oil revenues
01 october 2024 - 05:55:54Niamey, Niger (PANA) - Niger's economy is set to rebound after a year marked by an unprecedented political crisis. However, [...] 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
Sierra Leone to transform energy sector under $480 million US Compact
29 september 2024 - 04:43:01Washington, DC, US (PANA) - The United States and Sierra Leone have signed a landmark $480 million Millennium Challenge Corporation [...] 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
World Economic Forum: Chief economists point to stabilising outlook but warn on debt and political polarisation
25 september 2024 - 12:01:52Geneva, Switzerland (PANA) - Easing inflation and strong global commerce are fuelling cautious optimism for recovery but elevated debt levels [...] Full text...
thread Economy
Morocco: Strengthening climate resilience to safeguard and grow coastal tourism jobs: World Bank Blog By Kanako Hasegawa and Ulrike Lehr
25 september 2024 - 08:28:46Casablanca, Morocco (PANA) - The blue economy holds significant potential to create jobs. Across Africa, the blue economy already generates [...] Full text...
thread Environment
Somalia navigates progress amidst persistent challenges
25 september 2024 - 07:58:45Mogadishu, Somalia (PANA) - Somalia has made significant macroeconomic strides in recent years, but these gains have yet to translate [...] Full text...
thread Society
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
Denmark announces 40% increase in pledge to World Bank’s IDA
24 september 2024 - 07:37:38New York, United States (PANA) - Denmark on Monday announced its early, significantly increased financial commitment to the World Bank’s [...] Full text...
thread Economy
Sierra Leone, IMF reach staff-level deal on new ECF arrangement
21 september 2024 - 09:27:33Freetown, Sierra Leone (PANA) - The International Monetary Fund (IMF) staff and the Sierra Leonean authorities have reached a staff-level [...] Full text...
thread Economy
Guinea Economic Update: Natural resource management for development
20 september 2024 - 07:35:17Conakry, Guinea (PANA) – Agriculture is pivotal for Guinea's structural transformation and climate resilience, serving as a cornerstone for inclusive [...] Full text...
thread Economy
Economic diversification: Crafting a multi-sectoral strategy for economic stabilisation for Malawi: World Bank Blog By Tatenda Chiuye
19 september 2024 - 09:13:55Lilongwe, Malawi (PANA) - Have you ever owned a favourite pen that you found indispensable? I certainly had, every day [...] Full text...
thread Society
IMF staff pledge support to Kenyan authorities in managing challenges
18 september 2024 - 08:55:57Nairobi, Kenya (PANA) - The authorities in Kenya have expressed commitment to advancing economic and governance reforms which are crucial [...] Full text...
thread Society
Rwanda’s economy registers strong growth in early 2024 despite persistent challenges
18 september 2024 - 08:21:54Kigali, Rwanda (PANA) - Rwanda's real GDP grew by 9.7% in the first quarter of 2024, exceeding the previous year's [...] Full text...
thread Economy
Strengthening social contracts in Africa: Is social media a blessing or a curse? World Bank Blog By Gael Raballand
17 september 2024 - 09:53:22Dar es Salaam, Tanzania (PANA) - Access to social media and digitised communication has been a double-edged sword in Africa. [...] Full text...
thread Society
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
IMF underlines wise spending of public revenue in Lesotho
12 september 2024 - 12:01:39Maseru, Lesotho (PANA) - Lesotho’s GDP growth has improved modestly, picking up to 2.2 percent in the fiscal year ending [...] Full text...
thread Economy
How to Awaken Europe's Private Sector and Boost Economic Growth: IMF Blog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer
12 september 2024 - 10:09:07Washington, DC, United States (PANA) - In the European Union, income per person, one of the main gauges of living [...] Full text...
thread Economy
Addressing insecurity in road construction in conflict-prone areas: Lessons from the Horn of Africa: World Bank Blog By Kennedy Mkutu Agade, Josphat Sasia, Lilian Kahindo and Benard Mitto
12 september 2024 - 09:12:25Nairobi, Kenya (PANA) - While all development projects call for care and deftness during the implementation phase, these requirements become [...] Full text...
thread Society
IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient
11 september 2024 - 10:34:26Gaborone, Botswana (PANA) – Due to a diamond market contraction, Botswana’s economic growth is expected to slow to 1 percent [...] Full text...
thread Economy
Rwanda’s 200,000 youths to benefit from IDA funded skills development programme
11 september 2024 - 10:22:14Kigali, Rwanda (PANA) - The World Bank has approved new funding to empower and build the skills of more than [...] Full text...
thread Society
US Department of State hosts inaugural U.S.-Nigeria Strategic Energy Dialogue
11 september 2024 - 05:54:20Washington, DC, US (PANA) - the US Bureau of Energy Resources (ENR) Assistant Secretary Geoffrey R. Pyatt, will lead the [...] Full text...
thread Economy
Call for ‘solutions across the board’ as 79th General Assembly opens
11 september 2024 - 05:42:26New York, US (PANA) - The 79th session of the UN General Assembly opened on Tuesday in New York, with [...] Full text...
thread Politics
IMF praises Uganda’s economic recovery efforts with low inflation
10 september 2024 - 08:18:23Kampala, Uganda (PANA) - Uganda has navigated the post pandemic recovery well due to sound macroeconomic policies and its economic [...] Full text...
thread Economy
Product market reforms, improved business environment essential vital for South Africa’s trade: IMF
05 september 2024 - 12:36:43Pretoria, South Africa (PANA) - While South Africa needs product-market reforms and improving business environment by removing obstacles to trade, [...] Full text...
thread Economy
Despite declining growth South Africa can repay IMF, Board concludes
05 september 2024 - 11:21:07Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment [...] Full text...
thread Economy
Tech progress, automation, AI, cut workers’ share of wealth: ILO
04 september 2024 - 17:13:20Geneva, Switzerland (PANA) - The global trend for shrinking pay packets in heavily industrialized economies could be driven – at [...] 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
World Bank appoints new country director for Kenya, Rwanda, Somalia, and Uganda
03 september 2024 - 08:03:49Nairobi, Kenya (PANA) - The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, [...] Full text...
thread Economy
Urbanization has led to increased slum populations, poverty, and inequalityFeature by Oumar Sylla)
29 august 2024 - 19:50:10Nairobi, Kenya (PANA) - Urbanization has led to increased slum populations, poverty, and inequality. Informal employment dominates, with 85.8% of [...] Full text...
thread Environment
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
Botswana prepares for historic UN conference on landlocked countries
23 august 2024 - 05:25:42Gaborone, Botswana (PANA) - Leaders from landlocked developing countries, (LLDCs) will gather in Gaborone, Botswana, this December to tackle challenges, [...] Full text...
thread Politics
Bridging the financing gap: Achieving Education for All in Zambia: World Bank Blog By Samer Al-Samarrai, Girma Woldetsadik and Joseph Simumba
22 august 2024 - 07:46:56Lusaka, Zambia (PANA) - The government of Zambia has laid out an ambitious plan to universalize primary and secondary education. [...] Full text...
thread Society
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
Gambia, MRCG at LSHTM achieved longitudinal population study
14 august 2024 - 13:40:39Banjul, Gambia (PANA) - The Medical Research Council Unit the Gambia at The London School of Hygiene and Tropical Medicine [...] Full text...
thread Health
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
World Bank Group launches high level council to tackle looming jobs crisis
13 august 2024 - 08:13:37Washington, DC, United States (PANA) - The World Bank Group has announced the launch of the High-Level Advisory Council on [...] Full text...
thread Society
AfDB mobilises over 92m euros to support entrepreneurship, job creation in Tunisia
13 august 2024 - 06:03:16Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) has approved a financing package [...] Full text...
thread Economy
Youth jobless rate falls to 15-year low, says ILO
12 august 2024 - 11:06:20Geneva, Switzerland (PANA) - The number of young people unemployed globally is at a 15-year low but Asian Pacific and [...] Full text...
thread Economy
CAF congratulates Morocco, Egypt for valiant performances at Paris Olympic football
11 august 2024 - 10:03:05Cairo, Egypt (PANA) - The Confederation of African Football (CAF) has congratulated Morocco for winning Bronze in Men's Football at [...] Full text...
thread Sports
AfDB approves $40m Trade Finance Transaction Guarantee Facility to Ethiopia’s Dashen Bank
10 august 2024 - 05:47:28Abidjan, Cote d'Ivoire (PANA) - The Board of Directors of the African Development Bank (AfDB) Group has approved a $40 [...] Full text...
thread Economy
Former CAF President Issa Hayatou passes away
09 august 2024 - 07:24:28Yaoundé, Cameroon (PANA) - Former President of the Confederation of African Football (CAF), Issa Hayatou, has passed away.The Cameroonian died [...] Full text...
thread Sports
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
Meet Fátima Almeida, the entrepreneur revolutionising digital and financial inclusion in Angola: World Bank Blog By Entrepreneur Fátima Almeida
03 august 2024 - 10:55:51Luanda, Angola (PANA) – A graduate in economics with a flair for business, Angolan entrepreneur Fátima Almeida has always been [...] Full text...
thread Society
Now is the time to help countries faced with liquidity challenges: IMF Blog By Ceyla Pazarbasioglu and Pablo Saavedra
01 august 2024 - 17:00:50Washington, United States (PANA) - Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring [...] Full text...
thread Economy
“Middle-Income Trap” hinders progress in 108 developing countries: World Development Report
01 august 2024 - 07:58:33EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL THURSDAY, 1 AUGUST, 2024, at 1:30 PM UTCWashington, DC, United States (PANA) [...] Full text...
thread Economy
World Bank backs Ethiopia's reforms to promote sustainable, inclusive growth, take climate action
31 july 2024 - 08:46:38Washington, DC, United States (PANA) - The World Bank’s Board of Executive Directors on Tuesday approved the Ethiopia First Sustainable [...] Full text...
thread Economy
On African Women's Day, a reflection on women empowerment and remaining challenges in Angola: World Bank Blog By Natália Timóteo Yange
31 july 2024 - 08:18:59Luanda, Angola (PANA) - On the day we celebrate African Women, Natália Yange guides us in an in-depth reflection on [...] Full text...
thread Gender
World Bank Group announces Radi Anguelova as Vice President for Human Resources
31 july 2024 - 07:51:54Washington, DC, United States (PANA) - World Bank Group President Ajay Banga has announced the appointment of Radoslava “Radi” Anguelova [...] Full text...
thread Economy
Somalia taps World Bank support to promote economic resilience
31 july 2024 - 07:50:28Mogadishu, Somalia (PANA) - The World Bank’s Board of Executive Directors has approved Development Policy Financing (DPF) that introduces for [...] Full text...
thread Economy
IMF Executive Board approves four-year US$3.4 billion Extended Credit Facility arrangement for Ethiopia
30 july 2024 - 11:47:18Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under [...] Full text...
thread Economy
IMF Board allows Egypt to draw US$820 million under Extended Fund Facility
30 july 2024 - 07:46:40Cairo, Egypt (PANA) - The International Monetary Fund (IMF) on Monday completed the third review of the extended arrangement under [...] 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
Eswatini’s growth stuck in 4.5 to 5.0 percent range in 2024: IMF
25 july 2024 - 11:09:11Mbabane; Eswatini (PANA) – Eswatini’s economic growth is poised to remain in the 4.5 to 5.0 percent range in 2024 [...] Full text...
thread Economy
IMF management approves Staff Monitored Programme for Equatorial Guinea
25 july 2024 - 11:07:04Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...
thread Economy
CAR faces tough socioeconomic situation in governance reforms: IMF
25 july 2024 - 09:56:53Bangui, CAR (PANA) – Despite the particularly difficult socioeconomic context and significant financing needs, Central African Republic (CAR) continues to [...] Full text...
thread Economy
Malawi Economic Monitor calls for urgent, sustained reforms for faster, more inclusive growth
25 july 2024 - 07:40:09Lilongwe, Malawi (PANA) - Malawi’s current economic difficulties require a combination of immediate response measures and urgent reforms to address [...] Full text...
thread Economy
Rising heat in Europe and Central Asia killing almost 400 children a year: UNICEF
25 july 2024 - 05:59:42Geneva, Switzerland (PANA) - Soaring summer temperatures in Europe and Central Asia are killing nearly 400 children a year according [...] Full text...
thread Environment
South Africa attends high-level trade forum in the US
24 july 2024 - 11:21:41Cape Town, South Africa (PANA) – A high-level South African delegation is attending the 21st African Growth and Opportunity Act [...] 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
Education and career perspectives of young Ugandans: A mix of challenges, gaps and high aspirations: World Bank Blog By Aziz Atamanov, Giulia Ponzini, Frédéric Cochinard and John Ilukor
24 july 2024 - 09:14:46Kampala, Uganda (PANA) - Higher education and career aspirations among the youth are usually associated with socioeconomic achievements under the [...] Full text...
thread Society
New partnership framework for Cameroon focuses on more jobs, effective service delivery for all
24 july 2024 - 08:04:33Yaoundé, Cameroon (PANA) – The World Bank Group (WBG) announced a new Country Partnership Framework (CPF) for Cameroon, which will [...] Full text...
thread Economy
Forests face increasing risk of wildfires and pests due to climate change
23 july 2024 - 07:29:02Rome, Italy (PANA) - The world’s forests are becoming increasingly susceptible to wildfires and pests due to climate change, according [...] Full text...
thread Agriculture
Morocco's economy proves resilient but private sector faces challenges
19 july 2024 - 07:41:58Rabat, Morocco (PANA) - Despite various obstacles, including a slowdown in the global economy, an inflation shock, and the Al [...] Full text...
thread Economy
CAF mourns late South African Coach, Tshabalala
18 july 2024 - 06:57:46Johannesburg, South Africa (PANA) - The Confederation of African Football (CAF) President, Dr Patrice Motsepe, is saddened by the news [...] Full text...
thread Sports
South African Minister calls for restraint following Trump shooting
17 july 2024 - 08:21:51Cape Town, South Africa (PANA) – South Africa’s International Relations and Co-operation Minister Ronald Lamola has condemned the assassination attempt [...] Full text...
thread Politics
AfDB's sovereign portfolio retains top spot in 2024 Aid Transparency Index
17 july 2024 - 06:32:34Abidjan, Cote d'Ivoire (PANA) - The global campaign for aid and development transparency has again named the African Development Bank’s [...] Full text...
thread Economy
Getting back on track to meet the first Sustainable Development Goal: World Bank Blog By Luis Felipe López-Calva
16 july 2024 - 17:58:21Washington DC, United States (PANA) - Almost 10 years ago, countries worldwide adopted the Sustainable Development Goals (SDGs), 17 targets [...] Full text...
thread Society
Global growth steady amid slowing disinflation and rising policy uncertainty: IMF Blog By Pierre-Olivier Gourinchas
16 july 2024 - 17:45:18Washington DC, United States (PANA) - Our global growth projections are unchanged at 3.2 per cent this year and slightly [...] Full text...
thread Economy
New report highlights best practices to support African businesses
16 july 2024 - 07:50:01Accra, Ghana (PANA) - The annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan Africa [...] Full text...
thread Economy
Senior US diplomat visits Ghana, Gabon, Senegal
15 july 2024 - 05:14:51Washington, DC, US (PANA) - US Deputy Secretary of State Kurt Campbell has emarked on visits to Ghana, Gabon and [...] Full text...
thread Politics
UN Meteorological Organisation flags sand and dust storm scourge
14 july 2024 - 05:51:31Geneva, Switzerland (PANA) - Dust levels worldwide decreased slightly in 2023, the UN’s weather and climate agency has said, but [...] Full text...
thread Environment
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
Diamond market contraction slows down Botswana’s growth
13 july 2024 - 11:17:19Gaborone, Botswana (PANA) - Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a [...] Full text...
thread Economy
World Bank supports Botswana to enhance renewable energy, improve electricity services
13 july 2024 - 07:36:28Gaborone, Botswana (PANA) - The World Bank’s Board of Directors has approved its first lending operation supporting renewable energy development [...] Full text...
thread Economy
Top official warns of weakened regional security following withdrawal from West African economic bloc by Mali, Burkina Faso, Niger
13 july 2024 - 05:42:15New York, US (PANA) - Mali, Burkina Faso and Niger’s decision to pull out of the Economic Community of West [...] Full text...
thread Politics
UN Trade and Development calls for sustainable and equitable strategies to mitigate digital economy’s growing environmental impact
12 july 2024 - 19:07:48Geneva, Switzerland (PANA) - A global shift towards circularity focusing on responsible production and consumption is crucial to making the [...] Full text...
thread
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
World Bank Group launches framework for inclusive, private sector-led, resilient growth in Tanzania
12 july 2024 - 10:58:44Dar es Salaam, Tanzania (PANA) - The World Bank Group’s (WBG) Board of Executive Directors has endorsed the new Country [...] Full text...
thread Economy
Red Sea shipping crisis elevates trading costs with extra burden on consumers
12 july 2024 - 07:20:25Dar es Salaam, Tanzania (PANA) - Due to recently increased attacks by Houthi militants, the Red Sea shipping route remains [...] Full text...
thread Economy
Global population reached nearly 8.2 billion by mid-2024 - UN
12 july 2024 - 05:52:36New York, US (PANA) - The global population reached nearly 8.2 billion by mid-2024 and is expected to grow by [...] Full text...
thread Economy
Digital boom could well be a bust for the environment, warns UN trade agency
11 july 2024 - 06:27:18New York, US (PANA) - Did you know that producing a computer weighing two kilogrammes (kg) requires a staggering 800kg [...] Full text...
thread Society
Pan-African Fintech Hub launched in Lagos
10 july 2024 - 14:47:11Banjul, Gambia (PANA) - The United Nations Development Programme (UNDP) and the timbuktoo Africa Innovation Foundation on Tuesday launched a [...] Full text...
thread Sciences
Seeking new pathways to green growth in Malawi: World Bank By Qursum Qasim and Efrem Chilima
10 july 2024 - 11:36:35Lilongwe, Malawi (PANA) - With the recent declaration of a drought in 23 of its 28 districts, Malawi once again [...] Full text...
thread Economy
IMF completes Gambia’s first review under Extended Credit Facility
10 july 2024 - 07:53:35Banjul, Gambia (PANA) - Gambia’s economic activity continues to recover robustly and its growth was estimated at 5.3 percent in [...] Full text...
thread Economy
World Bank launches Economic Update on Chad
09 july 2024 - 08:31:17N’djamena, Chad (PANA) – Enhancing the economic inclusion of refugees necessitates acknowledging their economic contributions, according to the World Bank [...] Full text...
thread Economy
South African economist lands top post at BRICS-owned bank
09 july 2024 - 08:27:36Cape Town, South Africa (PANA) – Leading South African economist Monale Ratsoma has been appointed vice-president and chief financial officer (CFO) [...] Full text...
thread Economy
IMF completes fourth review of Mozambique’s ECF, releases US$60.03 million budget support
09 july 2024 - 08:05:07Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has announced completion of the [...] Full text...
thread Economy
Guinea-Bissau implements IMF’s general data dissemination system
09 july 2024 - 07:17:47Washington, DC, United States (PANA) - With the successful launch of a new data portal—the National Summary Data Page — [...] Full text...
thread Economy
UN envoy highlights alarming violence and neglected humanitarian crisis in DR Congo
09 july 2024 - 05:36:33New York, US (PANA) - The security situation in eastern Democratic Republic of the Congo (DR Congo) has resulted in [...] Full text...
thread Society
Donor delegation expresses satisfaction with Cape Verde's Tech Park
07 july 2024 - 07:33:29Praia, Cape Verde (PANA) - A high-level donor delegation that included the African Development Bank (AfDB) has expressed strong admiration [...] Full text...
thread Society
Nigerian Economist named AfDB's Director of Statistics Department
05 july 2024 - 16:22:41Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) has appointed Dr. Babatunde Samson Omotosho, an economist and statistician, [...] 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 holds Post-Financing Assessment Consultation with Angola
04 july 2024 - 10:10:00Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Post Financing Consultation [...] Full text...
thread Economy
Green Zambia: Financing a liveable future: World Bank Blog By Qursum Qasim
03 july 2024 - 12:12:54Lusaka, Zambia (PANA) - Green is the new buzzword, but what does greening industry and the financial sector mean in [...] Full text...
thread Economy