Wages are recovering after negative shift in 2022 - ILO
29 november 2024 - 04:36:31Geneva, Switzerland (PANA) - Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory [...] Full text...
thread Economy
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AfDB approves €24 million loan to Côte d’Ivoire to improve fisheries and aquaculture sectors
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Senior US diplomat participates in Dakar Biennale
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Friday’s exchange rates for the Gambian Dalasi
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Choosing our future: Country lessons on unlocking education for action: World Bank Blog By Luis Benveniste and Sergio Venegas Marin
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UN: Number of Sudanese people at risk of GBV tripled
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WHO’s would-be Regional Director for Africa passes on
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US congratulates Mauritania on 64th independence anniversary
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Lessons of Hamas operation against Israel, - Libyan newspaper,
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Libya chairs Arab discussion group at mine action session
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International Bar Association President addresses East Africa Law Society Conference
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Premier League giants gain edge in Osimhen race After Galatasaray’s major setback
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Geneva, Switzerland (PANA) - Pay packets around the world rose 1.8 per cent in 2023 and continued their positive trajectory [...] Full text...
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
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
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
IMF, Comoros reach staff-level agreement on third review of ECF arrangement
16 november 2024 - 10:25:28Moroni, Comoros (PANA) - Comorian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on economic policies [...] Full text...
thread Economy
IMF reaches staff-level deal with DRC on ECF, RSF for US$ 1.77 billion
14 november 2024 - 08:35:29Kinshasa, DR Congo (PANA) – Authorities in the Democratic Republic of Congo (DRC) and a mission of the International Monetary [...] Full text...
thread Economy
33 million people could face hunger in Nigeria next year
13 november 2024 - 05:26:27Geneva, Switzerland (PANA) - Three UN agencies appealed on Tuesday for lifesaving support in Nigeria, where record inflation, climate shocks [...] Full text...
thread Society
COP29: ‘Pay up or humanity will pay the price’, Guterres warns climate summit
12 november 2024 - 12:48:27Baku, 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
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
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
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
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
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
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
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
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
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 completes first review of Ethiopia’s ECF arrangement, allows $340.7 million disbursement
19 october 2024 - 08:43:02Addis Ababa, Ethiopia (PANA) – The International Monetary Fund (IMF) Board on Friday completed the first review under the Extended [...] 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
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
Two billion women without access to social protection
15 october 2024 - 16:16:55New York, US (PANA) - A UN Women report reveals that policies ranging from cash benefits to healthcare and pensions [...] Full text...
thread Gender
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
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
Sudan refugee numbers swell as war continues to drive displacement
12 october 2024 - 11:22:22Juba, South Sudan (PANA) - The number of Sudanese refugees in South Sudan has surpassed half a million, the UN [...] Full text...
thread Society
IMF expects Côte d’Ivoire to boost recovery of regional official reserves
11 october 2024 - 11:38:27Abidjan, 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
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
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 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
Expensive farm inputs, insecurity in producing regions, high transport costs impact grain yields in Nigeria
04 october 2024 - 08:26:34Lagos, Nigeria (PANA) - Imports of wheat, rice, and maize marketing in year 2024/25 are estimated to increase as the [...] Full text...
thread Agriculture
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
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
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
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
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
Hundreds of thousands in need of aid as flooding wipes out homes in Nigeria – WFP
14 september 2024 - 07:16:22Abuja, Nigeria (PANA) - UN humanitarians are rushing to assist scores of newly displaced people in northeast Nigeria, after torrential [...] Full text...
thread Society
Benin prepares 2025 budget in compliance with WAEMU fiscal norm
12 september 2024 - 12:42:03Cotonou, Benin (PANA) - Benin’s authorities have started crafting the 2025 budget, targeting compliance with the West African Monetary Union [...] 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
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
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
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
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
Nigerian authorities must uphold human rights ahead of planned nationwide protests - Amnesty International
01 august 2024 - 08:39:16Abuja, Nigera (PANA) - Human rights advocate, Amnesty International, on Thursday asked the Nigerian authorities to ensure that security agencies [...] Full text...
thread Society
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
Fight against global hunger set back 15 years, warns UN report
24 july 2024 - 17:58:06Rome, Italy (PANA) - Progress fighting global hunger has been set back 15 years, leaving around 733 million people going [...] Full text...
thread
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 and partners launch emergency appeal to address severe drought in Malawi
24 july 2024 - 05:46:58Lilongwe, Malawi (PANA) - UN agencies alongside humanitarian partners in Malawi have launched a Flash Appeal to help millions in [...] Full text...
thread Society
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
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
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
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
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
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
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
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
Helping female-led firms in Ethiopia become more resilient in turbulent times: World Bank Blog By Lauren Marino and Sophia Friedson-Ridenour
04 july 2024 - 06:22:17Hawassa, Ethiopia (PANA) - On a recent Thursday afternoon, Jalene’s small coffee shop and roastery in Hawassa, Ethiopia, was enveloped [...] Full text...
thread Gender
Tanzania mine gears up for first graphite concentrate exports
02 july 2024 - 17:04:48Lindi, Southern Tanzania (PANA) – Tanzania’s first-ever shipment of graphite concentrate from the Lindi Jumbo graphite mine, in the southeast [...] Full text...
thread Economy
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 staff completes 2024 Article IV mission to Zimbabwe
28 june 2024 - 11:03:39Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...
thread Economy
Uganda should improve public spending on health for a more productive population
27 june 2024 - 13:58:38Kampala, Uganda (PANA) - Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product [...] Full text...
thread Health
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/Guinea Bissau reach staff-level deal on 6th review of ECF arrangement
26 june 2024 - 09:24:52Bissau, Guinea Bissau (PANA) – Guinea Bissau authorities and staff of the International Monetary Fund (IMF have reached a staff-level [...] Full text...
thread Economy
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
IMF completes second review of CAR’s ECF arrangement, approves US$25 million credit
25 june 2024 - 12:09:39Bangui, CAR (PANA) – The International Monetary Fund (IMF) Executive Board on Monday completed the second review under the Extended [...] Full text...
thread Economy
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 $87 million in 2023.Due [...] Full text...
thread Society
IMF Board approves US$ 149.4 million budget support for Tanzania
21 june 2024 - 10:17:27Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has completed the third review of the Extended Credit [...] Full text...
thread Economy
Somalia expects 3.1 percent GDP growth, rebounding from drought and commodity price shocks
20 june 2024 - 17:41:57Mogadishu, 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
Senegal’s new authorities committed to growth-friendly fiscal consolidation
20 june 2024 - 11:33:20Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has welcomed the Senegalese new authorities’ commitment to the [...] Full text...
thread Economy
Getting the global economy out of the slow lane: World Bank Blog By Indermit Gill and M. Ayhan Kose
17 june 2024 - 17:01:14Washington, DC, USA (PANA) - With global growth stabilizing for the first time in three years, inflation reaching a three-year [...] 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
Burkina Faso’s recovery depends on having security under control: IMF
16 june 2024 - 11:37:40Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economic growth is projected at 5.5 percent in 2024 but remains below potential [...] Full text...
thread Economy
Climate change fuels tensions in Nigeria
15 june 2024 - 07:48:16New York, United States (PANA) - Despite its huge potential, Nigeria, Africa’s most populous country, continues to grapple with a [...] Full text...
thread Environment
New WB financing for Nigeria’s inclusive growth, revenue diversification
14 june 2024 - 10:22:12Abuja, Nigeria (PANA) – The World Bank on Thursday approved two operations: $1.5 billion for the Nigeria Reforms for Economic [...] Full text...
thread Economy
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
IMF urges South Sudan to uphold prudent macroeconomic policies
11 june 2024 - 11:55:15Juba, South Sudan (PANA) – The International Monetary Fund (IMF) is urging the authorities of South Sudan to return to [...] Full text...
thread Economy
Togo keeps its economic performance robust through growth-friendly fiscal consolidation: IMF
11 june 2024 - 10:15:27Lomé, 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
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
IMF, Egypt reach staff level deal on third review of EFF arrangement
07 june 2024 - 11:10:31Cairo, Egypt (PANA) - While geopolitical tensions and their impact on Egypt remain challenging, the country’s authorities have stayed the [...] 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
Mauritania’s economy set to attain 4.3 percent growth in 2024
05 june 2024 - 10:32:26Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...
thread Economy
Kenya’s economy exhibited robust growth in 2023 despite persistent challenges
05 june 2024 - 07:41:58Nairobi, Kenya (PANA) - Kenya’s real GDP growth accelerated to 5.6% in 2023, surpassing the previous year’s growth of 4.9%. However, [...] Full text...
thread Economy
IMF, Cameroon reach staff-level agreement on first review of ECF, RSF
04 june 2024 - 11:51:18Yaoundé, Cameroon (PANA) - The International Monetary Fund (IMF) and the Cameroonian authorities have reached a staff-level agreement on the [...] 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
Congo, IMF staff reach deal on fifth review under ECF arrangement
30 may 2024 - 08:40:40Brazzaville, Congo (PANA) – International Monetary Fund (IMF) staff has reached staff-level agreement on the Fifth Review of the Extended [...] Full text...
thread Economy
IMF welcomes Gabon’s rebound in economic growth
29 may 2024 - 14:10:19Libreville, Gabon (PANA) - The Executive Board of the International Monetary Fund (IMF) has welcomed Gabon’s rebound in growth and [...] Full text...
thread Economy
Gambia’s economy shows resilience amid global challenges - World Bank
24 may 2024 - 16:18:21Banjul, Gambia (PANA) - The Gambia's economy has shown a remarkable resilience in the face of heightened global and regional [...] Full text...
thread Economy
Algeria: Investing in data key for diversified growth
22 may 2024 - 19:44:54Algiers, Algeria (PANA) - Algeria’s economic growth remained dynamic in 2023, with GDP recording a 4.1 per cent increase, driven [...] Full text...
thread Economy
AfDB’s Chief highlights Africa as world’s best investment destination
21 may 2024 - 09:08:12Riyadh, Saudi Arabia ( PANA) - Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the [...] Full text...
thread Economy
Tourism is back to pre-pandemic levels, but challenges remain: WEF report
21 may 2024 - 09:02:36New York, USA (PANA) - International tourist arrivals and the travel and tourism sector’s contribution to global GDP are expected [...] Full text...
thread Economy
IMF reaches staff-level deal with Tanzania on RSF, third review of ECF
18 may 2024 - 08:47:38Dar 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
IMF staff complete visit to Mozambique
17 may 2024 - 08:09:30Maputo, Mozambique (PANA) - An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, had discussions with the [...] Full text...
thread Economy
Global economic growth improves but ‘downsides’ lurk
17 may 2024 - 05:47:39New York, US (PANA) - The global economic picture has improved since January, but vulnerabilities remain, the mid-year update of [...] 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
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
Tunisia's sustained recovery requires quick action to take advantage of opportunities
09 may 2024 - 07:49:55Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2023, due to a severe drought, tight financing conditions and a [...] Full text...
thread Economy
Gambia, IMF reach staff-level deal on first review of ECF arrangement
04 may 2024 - 11:03:47Banjul, Gambia (PANA) - The Gambian economic activity is recovering robustly as the country continues to advance its reform agenda [...] Full text...
thread Economy
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
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
Global commodity prices level off, hurting prospects for lower inflation
25 april 2024 - 09:03:19EMBARGOED: NOT FOR PUBLICATION UNTIL THURSDAY, APRIL 25, 2024, AT 11:00 AM UTC. Washington, United States (PANA) - Global commodity prices [...] Full text...
thread Economy
Sierra Leone needs to manage its debt on sustainable path: IMF
23 april 2024 - 10:04:28Freetown, Sierra Leone (PANA) – Despite tightened macroeconomic policies in 2023 and into the first quarter of 2024, Sierra Leone [...] Full text...
thread Economy
Sub-Saharan Africa faces turning point
20 april 2024 - 10:49:24Dar es Salaam, Tanzania (PANA) - After four turbulent years, the outlook for sub-Saharan Africa is gradually improving, according to [...] Full text...
thread Economy
Eswatini looks forward to increased sugar exports from improved cane production
18 april 2024 - 13:07:24Mbabane, Eswatini (PANA) – Eswatini’s sugar production in marketing year (MY) 2024/25 is forecast to rise on improved cane deliveries [...] Full text...
thread Agriculture
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
Libya attends meeting of IMF's African Consultative Group
17 april 2024 - 17:21:59Tripoli, Libya (PANA) - The governor of the Central Bank of Libya (BCL), Al-Seddik Omar Al-Kebir Wednesday took part in [...] Full text...
thread Economy
Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas
16 april 2024 - 19:43:48Washington DC, USA (PANA) - Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing [...] Full text...
thread Economy
Central banks must remain vigilant along the last mile of disinflation: IMF Blog By Tobias Adrian
16 april 2024 - 18:23:10Washington DC. United States (PANA) - A sense of optimism has pervaded financial markets in recent months, amid investor confidence [...] Full text...
thread Economy
New World Bank initiative aims to strengthen access to basic services, build resilience for Sudanese communities
16 april 2024 - 09:49:38Khartoum, Sudan (PANA) – Committed to stay engaged in Sudan and support the wellbeing of the people, in an effort [...] Full text...
thread Society
Africa’s economic activity set to rebound backed by growing consumption, declining inflation
14 april 2024 - 10:42:32Dar es Salaam, Tanzania (PANA) - Economic activity is set to rebound in Sub-Saharan Africa, supported by increased private consumption [...] Full text...
thread Economy
IMF acknowledges Ghana’s strong performance under ECF arrangement
13 april 2024 - 13:32:36Accra, Ghana (PANA) - Ghanaian authorities and officials of the International Monetary Fund (IMF) have reached staff-level agreement on economic [...] Full text...
thread Economy
Wave of increased food insecurity hits West and Central Africa
12 april 2024 - 21:57:03Abuja, Nigeria (PANA) - Almost 55 million people are facing further food and nutrition insecurity in West and Central Africa [...] Full text...
thread Society
Egypt seeks to raise earnings of millions working in cotton production, textile manufacturing
12 april 2024 - 11:36:04Cairo, Egypt (PANA) – Egypt’s cotton production in marketing year (MY) 2024/25 is forecast at 310,000 bales, down 40,000 bales [...] Full text...
thread Agriculture
Emerging markets exercising greater global sway: New IMF Blog By Nicolas Fernandez-Arias, Alberto Musso, Carolina Osorio-Buitron, Adina Popescu
09 april 2024 - 15:42:15Washington DC, United States (PANA) - The global economy is increasingly influenced by the Group of Twenty’s large emerging markets. Over [...] 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
African economies projected to grow by 3.4 % in 2024, but faster, more equitable growth needed to reduce poverty
08 april 2024 - 13:06:54Washington, DC, United States (PANA) - Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, [...] Full text...
thread Economy
Housing is one reason not all countries feel same pinch of higher interest rates: IMF Blog By Mehdi Benatiya Andaloussi, Nina Biljanovska, Alessia De Stefani, and Rui Mano
08 april 2024 - 11:00:27Washington, DC, United States (PANA) - Central banks have raised interest rates significantly over the past two years to combat [...] Full text...
thread Economy
Seychelles, IMF mission reach staff-level deal on second reviews under EFF and RSF
04 april 2024 - 10:10:46Victoria, Seychelles (PANA) - The Seychellois economy continued to recover in 2023 and is moving closer to pre-pandemic norms despite [...] Full text...
thread Economy
IMF approves augmentation of Egypt’s EFF arrangement
30 march 2024 - 10:06:59Cairo, Egypt (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the first and second [...] Full text...
thread Economy
Algerian economy struggles with persistent inflation - IMF
30 march 2024 - 09:31:53Algiers, Algeria (PANA) - Algeria’s economy is estimated to have grown by 4.2 per cent in 2023, a robust performance [...] Full text...
thread Economy
Fiscal and financial risks of high debt, slow-growth world: IMF Blog By Tobias Adrian, Vitor Gaspar, Pierre-Olivier Gourinchas
29 march 2024 - 13:14:00Washington, United States (PANA) - Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term [...] Full text...
thread Economy
Strengthen central bank independence to protect the world economy: IMF Blog By Kristalina Georgieva
21 march 2024 - 11:38:41Washington, DC, United States (PANA) - Central bankers today face many challenges to their independence. Calls are growing for interest-rate [...] Full text...
thread Economy
IMF concludes 2024 discussions on common policies of WAEMU member countries
20 march 2024 - 11:09:46Dakar, Senegal (PANA) - The West African Economic and Monetary Union (WAEMU) has proved resilient amid significant adverse shocks, maintaining [...] Full text...
thread Economy
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
More work is needed to make big banks resolvable: IMF Blog By Tobias Adrian and Marc Dobler
18 march 2024 - 19:24:45Washington DC, USA (PANA) - Almost a year ago, Credit Suisse, a globally systemic bank with $540 billion in assets [...] 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
Breaking the Cycle: Ending Gender Based Violence and Empowering Women in Sierra Leone: World Bank Blog
11 march 2024 - 13:01:09Freetown, Sierra Leone (PANA) --In Sierra Leone, women and girls experience a lifecycle of Gender Based Violence (GBV). From childhood [...] Full text...
thread Gender
International Women's Day: Abdoulaye Bathily hails the achievements and aspirations of Libyan women
09 march 2024 - 14:54:27Tripoli, Libya (PANA) - UN Secretary General Representative in Libya Abdoulaye Bathily said here Friday that the United Nations Support [...] Full text...
thread Gender
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
IMF approves US$120 million credit for Uganda’s recovery from recent shocks
07 march 2024 - 07:20:36Kampala, Uganda (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the fifth review of [...] Full text...
thread Economy
Gaza war: Allow more aid into Gaza now, pleads WHO chief
07 march 2024 - 06:46:23Geneva, Switzerland (PANA) - Much more lifesaving humanitarian aid must be allowed into Gaza where one in six children is dangerously [...] Full text...
thread Society
IMF, Egyptian authorities reach staff-level deal on EFF arrangement review
07 march 2024 - 06:20:55Cairo, Egypt (PANA) - International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a [...] Full text...
thread Economy
Address food insecurity as priority, IMF advises Nigeria
05 march 2024 - 07:34:43Abuja, Nigeria (PANA) - Nigeria’s economic outlook is challenging, while addressing food insecurity should be the immediate priority of the [...] Full text...
thread Economy
Ethiopia appeals for US$3.2 billion for humanitarian response
01 march 2024 - 23:46:09Addis Ababa, Ethiopia (PANA) - Aid agencies in Ethiopia have put up a joint appeal for US$3.2 billion required in [...] Full text...
thread Society
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
Gambian's growth above sub-saharan africa, Central Bank Governor
28 february 2024 - 16:17:27Banjul, Gambia (PANA) - The Governor of Gambia's Central Bank, Buah Saidy, says that the West African country's economy is resilient, [...] Full text...
thread Economy
New Malawi Economic Monitor calls for commitment to economic reforms to sustain emerging recovery
27 february 2024 - 07:59:36Lilongwe, Malawi (PANA) – Malawi’s medium-term growth outlook is improving because of bold reforms undertaken by the government in 2023 [...] Full text...
thread Economy
How G20 can build on the world economy’s recent resilience: IMF Blog By Kristalina Georgieva
26 february 2024 - 17:10:06Washington DC, USA (PANA) - It’s fitting that G20 finance ministers and central bank governors will meet this week at [...] 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
Climate, conflict collide on high seas: UN warns of soaring costs and delays
23 february 2024 - 06:12:13Geneva, Switzerland (PANA) - Attacks on commercial shipping in the Red Sea coupled with wider geopolitical and climate-related crises, are [...] 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
Africa's economic growth in 2023 led by East, North and West Africa: Report
20 february 2024 - 13:07:25Cotonou, Benin (PANA) - East, North and West Africa have led growth on the continent over the past year, according [...] Full text...
thread Economy
African countries scoop 11 out of 20 world's top growth economies
16 february 2024 - 20:47:40Addis Ababa, Ethiopia (PANA) - Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African [...] Full text...
thread Economy
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
13 years after 17 February 2011 revolution, Libyans have mixed feelings about Saturday's commemoration of the anniversary
15 february 2024 - 18:56:06Tripoli, Libya (PANA) - Over the past few days, the city of Tripoli has been abuzz with excitement as it [...] Full text...
thread Politics
Nigeria: Nigeria’s inflation rate hits 29.90% in January amid rising food prices
15 february 2024 - 15:22:19Abuja, Nigeria (PANA) - Nigeria’s inflation increased to 29.90 per cent in January 2024 from 28.92 per cent recorded in [...] Full text...
thread Economy
Israel-Gaza Crisis: Tourism surges in Egypt despite economic hardships
15 february 2024 - 11:45:36Cairo, Egypt (PANA) - Despite economic hardships and the Israel-Hamas conflict, Egypt hosted 14.9 million tourists in 2023, exceeding its [...] 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
Rising hunger: UN chief identifies wars, climate chaos as aggravating factors
13 february 2024 - 18:36:24New York, US (PANA) - Countries must act now to break the deadly links between conflict, climate and food insecurity, [...] Full text...
thread Politics
A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today (IMF Blog By Anil Ari and Lev Ratnovski)
10 february 2024 - 08:40:09Washington, United States (PANA) - In the early 1970s, conflict in the Middle East set off a spike in oil [...] Full text...
thread Economy
Malawi's plan to create a stable, sustainable economy
10 february 2024 - 08:06:02Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform programme will help Malawi overcome current and future [...] Full text...
thread Economy
Silent debt crisis engulfing developing economies with weak credit ratings: World Bank Blog (By Philip Kenworthy, M. Ayhan Kose and Nikita Perevalov)
09 february 2024 - 17:27:54Washington, United States (PANA) - Some developing economies are finally seeing light at the end of the tunnel. Global inflation is [...] Full text...
thread Economy
Despite seasonal tailwinds, gold fails to power its market higher
07 february 2024 - 20:07:50Dar es Salaam, Tanzania (PANA) - Gold failed to power higher in January, despite seasonal tailwinds, after breaching record highs [...] Full text...
thread Economy
Houthi rebels’ attacks on ships in Red Sea trigger decrease in trade, global food security
05 february 2024 - 18:05:39Dar es Salaam, Tanzania (PANA) - Recent attacks by Houthi rebels on ships in the Red Sea have triggered a [...] Full text...
thread Society
Malawi's plan to create a stable, sustainable economy
03 february 2024 - 10:47:45Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform program would help Malawi overcome current and future [...] Full text...
thread Economy
Emerging markets navigate global interest rate volatility: IMF Blog By Tobias Adrian, Fabio Natalucci, and Jason Wu
02 february 2024 - 07:04:24Washington, United States (PANA) - Global interest rates in recent months have gone on a rollercoaster, especially those on longer-term [...] Full text...
thread Economy
Global economy approaches soft landing, but risks remain: IMF Blog By Pierre-Olivier Gourinchas
30 january 2024 - 16:54:52Washington, United States (PANA) - The clouds are beginning to part. The global economy begins the final descent toward a [...] Full text...
thread Economy
Rainfall gives South African maize growers hope of bumper crop
29 january 2024 - 07:12:59Pretoria, South Africa (PANA) – Maize production in South Africa is off to a reasonable start in marketing year 2023/24 [...] Full text...
thread Agriculture
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
Red Sea shipping crisis having a ‘dramatic’ impact, warns logistics chief
26 january 2024 - 05:27:56New York, US (PANA) - Attacks against shipping in the Red Sea by Houthis are devastating for global trade and [...] Full text...
thread Society
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
World Bank to provide $300 million to Ghana to strengthen macroeconomic stability, support resilient economic growth
24 january 2024 - 07:37:54Washington, United States (PANA) - The World Bank on Tuesday approved a $300 million Development Policy Operation for Ghana. The First [...] Full text...
thread Economy
Burundi set for stronger economic recovery in 2024: IMF mission
23 january 2024 - 10:20:12Bujumbura, Burundi (PANA) – A stronger economic recovery is projected in Burundi for 2024, with real GDP expanding by 4.3 [...] Full text...
thread Economy
BREAKING NEWS: Liberia's presidential inauguration suspended after Boakai falls ill at podium (By Paul Ejime)
22 january 2024 - 15:28:54Monrovia, Liberia (PANA) - The swearing in ceremony of Liberia's new President Joseph Boakai came to an abrupt end after [...] Full text...
thread Politics
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
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
Chief Economists Outlook: More economic uncertainty on the horizon
15 january 2024 - 08:14:31Davos-Klosters, Switzerland (PANA) – Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook [...] Full text...
thread Economy
Gold hit new highs in 2023, but inflationary scares likely in 2024: World Gold Council
11 january 2024 - 07:08:08Dar es Salaam, Tanzania (PANA) - Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed [...] Full text...
thread Economy
Global unemployment to increase in 2024, warns ILO report
10 january 2024 - 17:26:58Geneva, Switzerland (PANA) - Global unemployment is expected to rise this year, with growing inequality and stagnant productivity also a [...] Full text...
thread Economy
World Bank foresees global economy recording worst growth over quarter century
10 january 2024 - 16:33:50Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...
thread Economy
ECOWAS and Sierra Leone's dangerous identity politics (By Paul Ejime)
10 january 2024 - 10:25:40Abuja, Nigeria (PANA) - If any country should be grateful to the Economic Community of West African States (ECOWAS) for [...] Full text...
thread Politics
World Bank foresees global economy recording worst growth over quarter century
09 january 2024 - 17:37:13Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...
thread Economy