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
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
Friday’s exchange rates for the Tanzania Shilling
- Environment
Choosing our future: Country lessons on unlocking education for action: World Bank Blog By Luis Benveniste and Sergio Venegas Marin
- Gender
UN: Number of Sudanese people at risk of GBV tripled
- Health
WHO’s would-be Regional Director for Africa passes on
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US congratulates Mauritania on 64th independence anniversary
- Press Review
Lessons of Hamas operation against Israel, - Libyan newspaper,
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The promise and peril of runaway technological advances
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Libya chairs Arab discussion group at mine action session
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‘We need peace’: UN Alliance of Civilizations Global Forum concludes with hope
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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...
Putin ramps up production of Russia's 8,370mph hypersonic missiles Story by Abul Taher
24 november 2024 - 07:41:31Moscow, Russia (PANA) - Vladimir Putin has ramped up production of a new hypersonic missile he fired against Ukraine last [...] Full text...
thread Politics
Gaza aid delivery ‘grinding to a halt’ alongside rampant insecurity
22 november 2024 - 07:02:54Gaza City, Gaza (PANA) - The delivery of life-saving aid across Gaza “is grinding to a halt” amid a surge [...] Full text...
thread Society
Acute hunger stalks one in four people in DR Congo, warn aid agencies
21 november 2024 - 13:59:34Kinshasa, DR Congo (PANA) - UN humanitarians warned on Thursday that one in four people in the Democratic Republic of [...] Full text...
thread Society
IMF mission concludes visit to Egypt on review of Extended Fund Facility
21 november 2024 - 08:47:30Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...
thread Economy
IMF staff team concludes mission to Liberia
21 november 2024 - 08:18:22Washington, DC, United States (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief [...] Full text...
thread Economy
Global airlines chief urges continental carriers to exploit Africa's growth potential
19 november 2024 - 14:00:28Cairo, 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
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 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
Transnational organised crime: ‘It’s time we pull together to push back’
15 november 2024 - 06:37:32Vienna, Austria (PANA) - Marking the inaugural International Day for the Prevention of and Fight against All Forms of Transnational [...] Full text...
thread Society
Middle East: Gaza food markets ‘in decay’ as starvation looms
14 november 2024 - 05:36:33Geneva, Switzerland (PANA) - Reports of ongoing bombardments, likely starvation and despair continue to emerge from Gaza where many basic [...] Full text...
thread Society
IMF concludes review of Morocco’s RSF arrangement, allows disbursement of US$415 million
13 november 2024 - 07:54:46Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the second review [...] Full text...
thread Economy
33 million people could face hunger in Nigeria next year
13 november 2024 - 05:26:27Geneva, 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
Sudan Central Bank announces issuance of new banknotes
10 november 2024 - 13:27:40Port Sudan, Sudan (PANA) - The Central Bank of Sudan on Saturday announced the issuance of new 1,000- and 500-pound [...] Full text...
thread Economy
‘Looming catastrophe’: Experts warn of high risk of famine in northern Gaza
09 november 2024 - 07:15:05Geneva, Switzerland (PANA) - There is a strong likelihood that famine is imminent in areas within the northern Gaza Strip, [...] Full text...
thread Society
Unhealthy eating drives $8 trillion in annual hidden costs
08 november 2024 - 13:07:17Rome, Italy (PANA) - Most of the hidden costs of agrifood systems worldwide stem from health impacts linked to non-communicable [...] Full text...
thread Agriculture
IMF issues preliminary statement on assessment of Congo’s financial stability
08 november 2024 - 08:16:18Washington, DC, United States (PANA) - International Monetary Fund (IMF) staff is engaging with the Republic of Congo authorities to [...] Full text...
thread Economy
Climate action essential to Senegal’s upper-middle-income country aspiration, says new report
06 november 2024 - 09:07:30Dakar. Senegal (PANA) - A new World Bank Group report highlights the significant economic and social benefits of climate action [...] Full text...
thread Economy
Hunger and cholera crises escalate in South Sudan, as needs surge
02 november 2024 - 06:47:53Juba, South Sudan (PANA) - South Sudan is facing a spiralling humanitarian crisis with hunger and cholera cases escalating in [...] Full text...
thread Society
IMF staff conclude Article IV discussions with Somalia
01 november 2024 - 07:12:01Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...
thread Economy
ETF and OTC investment flows buoy total gold demand
30 october 2024 - 13:01:00London, UK (PANA) - Healthy inflows into global gold exchange traded funds (ETFs) were a major driver of growth in [...] Full text...
thread Economy
Oversupply could mute effects of wider Middle-East conflict on oil prices
29 october 2024 - 05:30:51EMBARGOED: 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
UN chief tells President Putin Russian invasion violates UN Charter
26 october 2024 - 07:19:20Kazan, Russia (PANA) - UN Secretary-General António Guterres reiterated in a meeting with Russian President Vladimir Putin on Thursday that [...] Full text...
thread Politics
Togo advances reforms, pursues sound economic policies: IMF
25 october 2024 - 12:30:38Lomé, 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, 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
Artificial Intelligence can make markets more efficient—and more volatile: IMF Blog By Nassira Abbas, Charles Cohen, Dirk Jan Grolleman, and Benjamin Mosk
16 october 2024 - 11:02:06Washington, DC, United States (PANA) - More efficient or more volatile? The adoption of the latest iterations of artificial intelligence [...] Full text...
thread Economy
IMF staff completes 2024 Article IV Consultation Mission to Chad
16 october 2024 - 10:56:27N’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
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
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
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
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
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
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
UN agencies urge Security Council to stop ‘mass graves for migrants’
01 october 2024 - 06:15:08New York, US (PANA) - Action is needed now to stop the Sahara Desert and Mediterranean Sea from “becoming mass [...] Full text...
thread Society
Djibouti's economy shows strong growth in 2023 despite fiscal challenges
30 september 2024 - 10:19:49Djibouti, Djibouti (PANA) - Djibouti’s economy achieved an impressive rebound in 2023, outperforming forecasts with GDP growth estimated at 6.7 [...] Full text...
thread Economy
UN issues Public Health Situation Analysis (PHSA) on Hostilities in occupied Palestinian territory
28 september 2024 - 08:00:22Geneva, Switzerland (PANA) - Although Gaza has suffered previous escalations, the current war stands out as unprecedented in the scale [...] Full text...
thread Society
Rwanda’s economy registers strong growth in early 2024 despite persistent challenges
18 september 2024 - 08:21:54Kigali, 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 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
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
UN rights office calls for accountability for latest ‘horrific’ West Bank killing
16 august 2024 - 14:53:35Geneva, Switzerland (PANA) - The perpetrators of a deadly rampage targeting a Palestinian village in the occupied West Bank must [...] Full text...
thread Society
Carbon emissions from AI and crypto are surging and tax policy can help: IMF Blog By Shafik Hebous and Nate Vernon-Lin
16 august 2024 - 08:02:31Washington, DC, United States (PANA) - What do crypto assets and artificial intelligence have in common? Both are power hungry.Because [...] Full text...
thread Economy
South Africa sets wheat import duties while local wheat area drops
14 august 2024 - 12:32:35Pretoria, South Africa (PANA) - Falling global wheat prices triggered, in July 2024, a wheat import duty of Rand 176.30 [...] Full text...
thread Agriculture
Sexual violence, famine stalk Sudan’s displaced
13 august 2024 - 16:53:01Port Sudan, Sudan (PANA) - Sudan’s deepening humanitarian crisis caused by nearly 16 months of war has left countless women [...] Full text...
thread Society
Zimbabwe faces worsening food crisis due to El Niño droughts
08 august 2024 - 07:42:57Harare, Zimbabwe (PANA) - A new report from the UN aid coordination office (OCHA) reveals that food insecurity levels in [...] Full text...
thread
Bold fiscal reforms can unlock Cameroon’s full potential
06 august 2024 - 16:47:46Yaoundé, Cameroon (PANA) - The World Bank on Tuesday launched two flagship economic reports: the 2024 Cameroon Economic Update and [...] Full text...
thread Economy
Humanitarian charity publishes on-the-record update on Gaza situation
06 august 2024 - 07:08:33Deir al-Balah, Palestine (PANA) - It is a massive challenge to balance operational necessity and aid workers’ personal safety in [...] Full text...
thread Society
Global food price index broadly unchanged in July
03 august 2024 - 07:16:25Rome, Italy (PANA) - Global food commodity benchmarks remained largely unchanged in July, with rises in vegetable oils, meat and [...] Full text...
thread Agriculture
IMF Board allows Egypt to draw US$820 million under Extended Fund Facility
30 july 2024 - 07:46:40Cairo, Egypt (PANA) - The International Monetary Fund (IMF) on Monday completed the third review of the extended arrangement under [...] Full text...
thread Economy
US Secretary of State urges respect for Kenyan youth, CSOs
28 july 2024 - 07:28:11Nairobi, Kenya (PANA) - US Secretary of State Antony Blinken has spoken with Kenyan President William Ruto during which he [...] Full text...
thread Politics
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
Strong regional demand to drive South Africa’s maize exports to neighbours
26 july 2024 - 11:18:26Pretoria, South Africa (PANA) South Africa’s maize area is forecast to expand in marketing year 2024/25 after an 18 percent [...] Full text...
thread Agriculture
Gaza war: Hunger fears persist as Israeli operations further harm enclave’s farmers
25 july 2024 - 12:18:40Geneva, Switzerland (PANA) - As President Biden on Thursday prepared to meet Israeli premier Benjamin Netanyahu to discuss progress on [...] Full text...
thread Society
Eswatini’s growth stuck in 4.5 to 5.0 percent range in 2024: IMF
25 july 2024 - 11:09:11Mbabane; 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
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
Sudan war: Nearly 26 million going hungry due to rising food prices, access challenges
24 july 2024 - 05:17:06New York, US (PANA) - Nearly 26 million people in war-torn Sudan are not getting enough to eat, the UN [...] Full text...
thread Society
‘Largest’ displacements so far in Gaza’s war of attrition: UN aid agencies
18 july 2024 - 18:39:22Geneva, Switzerland (PANA) - UN humanitarians issued a fresh alert on Thursday about having to cut rations in Gaza where [...] Full text...
thread Society
Gaza war: Multiple strikes kill dozens near UN aid hub as thousands flee fighting
17 july 2024 - 07:26:12New York, US (PANA) - Multiple strikes have killed dozens of people in central Gaza, landing just 100 metres from [...] Full text...
thread Society
Global growth steady amid slowing disinflation and rising policy uncertainty: IMF Blog By Pierre-Olivier Gourinchas
16 july 2024 - 17:45:18Washington DC, United States (PANA) - Our global growth projections are unchanged at 3.2 per cent this year and slightly [...] Full text...
thread Economy
AfDB chief warns Nigeria’s food import policy could destroy its agriculture
13 july 2024 - 18:42:57Abuja, Nigeria (PANA) - The President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has said the decision [...] Full text...
thread Agriculture
Diamond market contraction slows down Botswana’s growth
13 july 2024 - 11:17:19Gaborone, 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
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
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
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
Empowering small emerging commercial farmers: Mozambique success story – World Bank Blog By Blessings Botha
01 july 2024 - 08:58:56Maputo, Mozambique (PANA) - Having seen so many smallholder farmers trapped in low agricultural productivity in Mozambique, I had always [...] Full text...
thread Agriculture
World getting a ‘failing grade’ on Global Goals report card
29 june 2024 - 05:54:52New York, US (PANA) - With just six years remaining to reach the Sustainable Development Goals (SDGs), global progress is [...] Full text...
thread Politics
Uganda should improve public spending on health for a more productive population
27 june 2024 - 13:58:38Kampala, Uganda (PANA) - Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product [...] Full text...
thread Health
Favourable prices offered by local processors divert South Africa’s orange growers from export market
27 june 2024 - 12:36:23Pretoria, South Africa (PANA) - Record orange juice prices in South Africa are expected to escalate orange juice production as [...] Full text...
thread Agriculture
Kenyans brace themselves for more protests despite President Ruto's U-turn on Finance Bill
27 june 2024 - 10:19:27Nairobi, Kenya (PANA) - Kenyans are bracing themselves for another wave of protests on Thursday despite President William Ruto withdrawing [...] Full text...
thread Politics
IMF, US State Department express concern about bloody Kenya riots
27 june 2024 - 06:27:42Washington, DC, United States (PANA) - The International Monetary Fund (IMF) and US Department of State have expressed concern about [...] Full text...
thread Politics
Remittances slowed in 2023, expected to grow faster in 2024: WB report
26 june 2024 - 18:03:31Washington, DC, United States (PANA) - After a period of strong growth during 2021-2022, officially recorded remittance flows to low- [...] Full text...
thread Economy
Death toll in Kenya tax protests up to 13, according to medics
26 june 2024 - 11:46:56Nairobi, Kenya (PANA) - At least 13 people were killed when police clashed with protesters who stormed Parliament against a [...] Full text...
thread Politics
IMF completes second review of CAR’s ECF arrangement, approves US$25 million credit
25 june 2024 - 12:09:39Bangui, CAR (PANA) – The International Monetary Fund (IMF) Executive Board on Monday completed the second review under the Extended [...] Full text...
thread Economy
Libya's Minister of Economy and Trade orders fixing of prices for certain staple foods
24 june 2024 - 16:48:15Tripoli, Libya (PANA) - The Libyan Minister of Economy and Trade in the government of national unity, Mohamed Al-Haweij, has [...] Full text...
thread Economy
Easing Guinea’s food insecurity: IMF’s Food Shock Window By Pilar Garcia Martinez, Joseph Ntamatungiro, and Neree Noumon
21 june 2024 - 15:42:02Conakry, Guinea (PANA) - IMF emergency financing has supported Guinea’s efforts to cope with the effects of macroeconomic shocks, underpinned [...] Full text...
thread Agriculture
Gold reserves management become more relevant than ever
21 june 2024 - 14:08:33London, United Kingdom (PANA) - An increasingly complex geopolitical and financial environment is making gold reserves management more relevant than [...] Full text...
thread Economy
Import of alcoholic beverages up in Ghana
21 june 2024 - 12:10:51Accra, 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
Top UN official in Libya highlights need for inclusive talks to end stalemate
20 june 2024 - 06:41:11New York, US (PANA) - Libyans overwhelmingly desire a political consensus so that credible national elections can be held that [...] Full text...
thread Politics
Tanzania’s coffee farms rehabilitation raises output
19 june 2024 - 12:07:16Dar es Salaam, Tanzania (PANA) - Tanzania’s coffee production in the marketing year 2024/25 is forecast at 1.5 million bags [...] Full text...
thread Agriculture
Ethiopia's first commercial gold mine to begin production in 2026
18 june 2024 - 15:34:19Addis Ababa, Ethiopia (PANA) - Preparatory work has begun at Ethiopia's first commercial gold mine, the Tulu Kapi Gold Project, [...] Full text...
thread
Climate change fuels tensions in Nigeria
15 june 2024 - 07:48:16New 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
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
Dollar dominance in the international reserve system: IMF Update By Serkan Arslanalp, Barry Eichengreen, and Chima Simpson-Bell
11 june 2024 - 12:56:48Washington DC, United States (PANA) - Dollar dominance—the outsized role of the US dollar in the world economy—has been brought [...] Full text...
thread Economy
IMF urges South Sudan to uphold prudent macroeconomic policies
11 june 2024 - 11:55:15Juba, 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
AfDB releases highlights of its PPP report
11 june 2024 - 06:52:53Abidjan, Cote d'Ivoire (PANA) - The African Development Bank (AfDB) Group has published highlights of its purchasing power parities (PPP) [...] Full text...
thread Economy
Cape Verde must invest in blue economy for growth, sustainability
10 june 2024 - 12:20:53Praia, Cape Verde (PANA) Cape Verde has shown resilience in the post- COVID-19 pandemic recovery, but the crisis highlighted vulnerabilities [...] Full text...
thread Economy
São Tomé and Príncipe faces serious economic challenges: IMF
07 june 2024 - 07:20:04São Tomé, São Tomé and Príncipe (PANA) - Accelerating reforms of the energy sector is urgently needed to alleviate pressures [...] Full text...
thread Economy
New UNICEF report reveals severe child food poverty amid world crises
06 june 2024 - 06:17:04New York, United States (PANA) – A new report released on Thursday by the UN Children’s Fund (UNICEF) highlights alarming [...] Full text...
thread Society
Mauritania’s economy set to attain 4.3 percent growth in 2024
05 june 2024 - 10:32:26Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...
thread Economy
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
Community infrastructure supports lives and national reconciliation in Central African Republic: World Bank Blog By Athanase Danhossou, Fred Frippiat, Joachim Boko and Oghenesuvwe Kokoricha
04 june 2024 - 06:47:47Bangui, CAR (PANA) - Displacement due to conflict is on the rise around the world. In the Central African Republic [...] Full text...
thread Society
IMF, Niger reach staff-level deal on reviews of ECF and RSF
01 june 2024 - 18:05:10Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] Full text...
thread Economy
Amid ongoing Israeli incursions into Gaza, aid facilities shut ‘one after another’
31 may 2024 - 06:38:11New York, US (PANA) - With no let-up in reported street battles and Israeli bombardment across Gaza on Thursday, UN [...] Full text...
thread Society
Congo, IMF staff reach deal on fifth review under ECF arrangement
30 may 2024 - 08:40:40Brazzaville, 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
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
Global carbon pricing revenues top a record $100 billion
22 may 2024 - 07:29:33Washington, DC, USA (PANA) - In 2023, carbon pricing revenues reached a record $104 billion, according to the World Bank’s [...] Full text...
thread Environment
Tourism is back to pre-pandemic levels, but challenges remain: WEF report
21 may 2024 - 09:02:36New 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
‘Untold harm to nature’ from wildlife trafficking, warns UN crime agency
13 may 2024 - 13:11:00Vienna, Austria (PANA) - Despite two decades of worldwide efforts, more than 4,000 precious wildlife species still fall prey to [...] Full text...
thread Society
Tunisia's sustained recovery requires quick action to take advantage of opportunities
09 may 2024 - 07:49:55Tunis, Tunisia (PANA) - Tunisia's economic recovery slowed in 2023, due to a severe drought, tight financing conditions and a [...] Full text...
thread Economy
Burkina Faso president hands out agricultural equipment to farmers
06 may 2024 - 15:24:05Ouagadougou, Burkina Faso (PANA) - The President of the Transition in Burkina Faso, Captain Ibrahim Traoré, on Monday handed over [...] Full text...
thread Agriculture
Gambia, IMF reach staff-level deal on first review of ECF arrangement
04 may 2024 - 11:03:47Banjul, Gambia (PANA) - The Gambian economic activity is recovering robustly as the country continues to advance its reform agenda [...] Full text...
thread Economy
East Africa: UN support continues amid heavy rains, severe floods and cyclone threat
04 may 2024 - 07:44:36Geneva, Switzerland (PANA) - The United Nations and partners continue to support authorities across East Africa as the region braces [...] Full text...
thread Society
UN agencies warn of imminent starvation risk in Sudan’s Darfur region
03 may 2024 - 18:14:42Port Sudan, Sudan (PANA) - UN agencies issued a joint warning on Friday that time is running out to prevent [...] Full text...
thread Society
IMF team reaches staff-level deal with Mali on rapid credit
01 may 2024 - 09:26:17Bamako, Mali (PANA) – International Monetary Fund (IMF) staff and the Malian authorities have reached a staff-level agreement on emergency [...] Full text...
thread Economy
UN officials urge swift action to tackle El Niño-induced extreme weather
30 april 2024 - 07:19:55New York, US (PANA) - Top UN officials called on Monday for swift action to combat the El Niño extreme [...] Full text...
thread Environment
Harnessing Sub-Saharan Africa’s critical mineral wealth
29 april 2024 - 18:48:51Kinshasa, DR Congo (PANA) - From electric vehicles to solar panels to future innovations, the global transition to clean energy [...] Full text...
thread Economy
Global commodity prices level off, hurting prospects for lower inflation
25 april 2024 - 09:03:19EMBARGOED: NOT FOR PUBLICATION UNTIL THURSDAY, APRIL 25, 2024, AT 11:00 AM UTC. Washington, United States (PANA) - Global commodity prices [...] Full text...
thread Economy
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
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
UPDATE: Libyan leaders must put national interests above their own, top envoy tells Security Council
16 april 2024 - 18:35:56New York, US (PANA) - Efforts to foster dialogue and address the concerns of Libyan politicians are being met with [...] Full text...
thread Politics
New World Bank initiative aims to strengthen access to basic services, build resilience for Sudanese communities
16 april 2024 - 09:49:38Khartoum, Sudan (PANA) – Committed to stay engaged in Sudan and support the wellbeing of the people, in an effort [...] Full text...
thread Society
Uncertainty, amidst conflict and indebtedness, weighs on the outlook for MENA region
15 april 2024 - 17:24:02Washington, DC. USA (PANA) -- Lacklustre growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East [...] Full text...
thread Economy
Sudan war: Paris conference on Sudan should jump-start new approach to humanitarian funding
15 april 2024 - 10:54:08Nairobi, Kenya (PANA) – As global and regional leaders meet in Paris to spotlight Sudan and mark the one-year anniversary of the [...] Full text...
thread Society
Wave of increased food insecurity hits West and Central Africa
12 april 2024 - 21:57:03Abuja, Nigeria (PANA) - Almost 55 million people are facing further food and nutrition insecurity in West and Central Africa [...] Full text...
thread Society
Industrial policy is back but the bar to get it right is high: IMF Blog By Anna Ilyina, Ceyla Pazarbasioglu, Michele Ruta
12 april 2024 - 16:14:18Washington DC, USA (PANA) - Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more [...] Full text...
thread Economy
Egypt seeks to raise earnings of millions working in cotton production, textile manufacturing
12 april 2024 - 11:36:04Cairo, 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
Hepatitis killing thousands daily, WHO warns in new report
09 april 2024 - 13:14:29Geneva, Switzerland (PANA) - The number of lives lost due to viral hepatitis infections is increasing and already accounts for [...] Full text...
thread Health
Fast-growing $2 trillion private credit market warrants closer watch: IMF Blog By Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto
08 april 2024 - 15:40:00Washington DC, United States (PANA) - The private credit market, in which specialized non-bank financial institutions such as investment funds [...] Full text...
thread Economy
Housing is one reason not all countries feel same pinch of higher interest rates: IMF Blog By Mehdi Benatiya Andaloussi, Nina Biljanovska, Alessia De Stefani, and Rui Mano
08 april 2024 - 11:00:27Washington, 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
Malawi drought threatens millions as WFP appeals for funding
03 april 2024 - 06:02:41Blantyre, Malawi (PANA) - Aid teams in Malawi are appealing for an additional $70 million to those affected by serious [...] Full text...
thread Society
Algerian economy struggles with persistent inflation - IMF
30 march 2024 - 09:31:53Algiers, 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
Shortage of cholera vaccine, lack of clean water, soap and toilets put millions at risk
21 march 2024 - 11:04:31Geneva, Switzerland (PANA) – Immediate action is needed to stem an unprecedented multi-year upsurge in cholera cases worldwide, according to [...] Full text...
thread Health
IMF deputy MD says Angola has a promising future
21 march 2024 - 10:18:08Luanda, Angola (PANA) - Implementation of economic reforms in the areas of fiscal management, revenue mobilisation, financial stability, and central [...] Full text...
thread Economy
Conflict driving hunger crisis in Sudan, UN officials tell Security Council
21 march 2024 - 05:27:10New York, US (PANA) - Eleven months of brutal fighting is driving a hunger crisis in Sudan, with some areas [...] Full text...
thread Society
Gaza war: Children of Gaza spread joy for Ramadan, despite the war (Feature by UN News)
20 march 2024 - 05:29:43Deir Al-Balah camp, Gaza (PANA) - Clusters of tents are cobbled together with any available fabric, plastic and wood, as [...] Full text...
thread Society
Harmonised Index of Consumer Prices up in Benin
17 march 2024 - 15:44:54Cotonou, Benin (PANA) - Benin's Harmonised Index of Consumer Prices for February 2024 rose to 112.1 from 110.5 a month [...] Full text...
thread Economy
Libyan PM: Basic products must be available at right prices during Ramadan
12 march 2024 - 12:58:14Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al-Dbaiba, on Monday stressed the need for availability of basic products [...] Full text...
thread Society
IMF staff complete deal on first review of Somalia’s ECF arrangement
09 march 2024 - 08:00:52Mogadishu, 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
Accelerated by COVID and AI, global digital landscape remains uneven
06 march 2024 - 07:29:31Washington, United States (PANA) - The COVID-19 pandemic brought about unprecedented acceleration of digital transformation across the globe – with [...] Full text...
thread Economy
Price controls and fight against speculation the Libyan government's priorities during Ramadan
05 march 2024 - 15:52:41.Tripoli, Libya (PANA) - The Libyan prime minister of the Government of National Unity, Abdulhamid al-Dbaiba, and the President of [...] Full text...
thread Politics
Libyan prime minister pledges to work towards stronger dinar
05 march 2024 - 15:28:24Tripoli, Libya (PANA) - The Libyan prime minister of the government of national unity, Abdulhamid al- Dbaiba, has stated that [...] Full text...
thread Politics
Price-tag policymaking doesn’t measure things that matter to people: IMF Blog By Katharina Pistor
05 march 2024 - 11:24:49Washington, DC, United States (PANA) - Rule by price has become not only in economics but in public policy too. [...] Full text...
thread Economy
Address food insecurity as priority, IMF advises Nigeria
05 march 2024 - 07:34:43Abuja, Nigeria (PANA) - Nigeria’s economic outlook is challenging, while addressing food insecurity should be the immediate priority of the [...] Full text...
thread Economy
Rwanda’s economic performance strengthened in 2023 despite continued challenges
28 february 2024 - 17:37:02Kigali, 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
How can we reinvigorate international trade? World Bank Blog By Pablo Saavedra and Mona Haddad
25 february 2024 - 17:05:58Abu Dhabi, United Arab Emirates, (PANA) - After decades of accelerating globalisation, since 2008 international trade has grown at roughly [...] Full text...
thread Economy
Mauritius maintains post-pandemic favourable outlook for growth: IMF
24 february 2024 - 10:31:35Port Louis, Mauritius (PANA) - The Mauritian economy rebounded strongly from the pandemic, while inflationary pressures eased in 2023, with [...] Full text...
thread Economy
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
Libya's Prime Minister calls for concerted efforts for food supply during Ramadan
22 february 2024 - 12:09:30Tripoli, Libya (PANA) - The Libyan Prime Minister, Abdulhamid Al Dbaiba, has stressed the need for all the government institutions [...] Full text...
thread Society
Investment set to boost Morocco’s output growth: IMF
22 february 2024 - 10:57:32Rabat, Morocco (PANA) – Morocco’s output growth is projected to reach 3.5 percent over the medium term boosted by investment [...] Full text...
thread Economy
Fighting in DR Congo threatens stability of entire region, envoy warns
21 february 2024 - 06:42:42New York, US (PANA) - In the Democratic Republic of the Congo (DR Congo), fighting between the M23 armed group [...] Full text...
thread Politics
Humanitarian crisis escalates in eastern DR Congo due to fresh clashes, flooding
20 february 2024 - 14:47:14Nairobi, Kenya (PANA) – The humanitarian crisis in the Eastern Democratic Republic of Congo (DRC) has reached critical levels as [...] Full text...
thread Society
Africa's economic growth in 2023 led by East, North and West Africa: Report
20 february 2024 - 13:07:25Cotonou, Benin (PANA) - East, North and West Africa have led growth on the continent over the past year, according [...] Full text...
thread Economy
Nigerian workers declare 2-day nationwide protest over hardship
17 february 2024 - 06:19:49Abuja, Nigeria (PANA) – The leadership of Nigeria Labour Congress (NLC) on Friday declared a two-day nationwide mass protest over nationwide [...] Full text...
thread Society
Kenyan mortgage lender hikes lending ceiling over rising cost of home ownership
16 february 2024 - 12:42:05Nairobi, Kenya (PANA) - Kenya Mortgage Refinance Company (KMRC), a Central Bank of Kenya-backed lender, has raised the upper ceiling [...] Full text...
thread Economy
Strengthening transparency, governance, revitalising economic growth are among challenges facing Gabon: IMF mission
16 february 2024 - 11:14:16Libreville, 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
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
Growing demand for South Africa's Kruger National Park
14 february 2024 - 07:46:49Cape Town, South Africa (PANA) – The Radisson Hotel Group has opened its first Safari hotel in Africa. The Radisson [...] Full text...
thread Economy
A study of 100 inflation shocks since the 1970s provides valuable pointers for policymakers today (IMF Blog By Anil Ari and Lev Ratnovski)
10 february 2024 - 08:40:09Washington, 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
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
Egypt, IMF discuss EFF policy review
02 february 2024 - 07:28:03Cairo, Egypt (PANA) - An International Monetary Fund (IMF) mission and the Egyptian authorities have made “excellent progress” on discussions [...] Full text...
thread Economy
Emerging markets navigate global interest rate volatility: IMF Blog By Tobias Adrian, Fabio Natalucci, and Jason Wu
02 february 2024 - 07:04:24Washington, 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
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
US commercial real estate remains a risk despite investor hopes for soft landing: IMF Blog By Andrea Deghi, Fabio Natalucci, and Mahvash S. Qureshi
19 january 2024 - 07:18:15Washington, United States (PANA) - The commercial real estate sector has been under intense pressure globally as interest rates have [...] Full text...
thread Economy
What we’re reading about climate and jobs: World Bank Blog By Ulrike Lehr and Kevwe Pela
19 january 2024 - 07:04:48Dar es Salaam, Tanzania (PANA) - Climate change is one of the biggest risks to global development, as high temperatures, [...] Full text...
thread Environment
Troubled year in store for the world’s children: UNICEF report
16 january 2024 - 05:34:53New York, US (PANA) - Globally in 2024, children are likely to see increased exposure to violence and war, and [...] Full text...
thread Society
IMF Board approves $100 million 36 months extended credit facility for Gambia
15 january 2024 - 11:01:14Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the [...] Full text...
thread Economy
Mali records lower prices for bread and flour
12 january 2024 - 14:19:19Bamako, Mali (PANA) - The price of bread will fall in Mali as the price of a 50kg bag of [...] Full text...
thread Society
Libyan Prime Minister announces abolition of fuel subsidies to combat trafficking
11 january 2024 - 15:24:40Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al Dbaiba, has announced that [...] Full text...
thread Economy
Gold hit new highs in 2023, but inflationary scares likely in 2024: World Gold Council
11 january 2024 - 07:08:08Dar es Salaam, Tanzania (PANA) - Emerging market (EM) demand for gold provided not only a ballast to lacklustre developed [...] Full text...
thread Economy