Education has been and can continue to be at the centre of global poverty reduction: IMF Blog By Amory Gethin, Economist in the World Bank’s Development Research Group

30 april 2025 - 08:33:14
Washington, DC, United States (PANA) - The world economy has experienced a remarkable transformation over the past four decades. Global [...] Full text...

thread Society

UN warns of $4 trillion shortfall threatening global development goals

29 april 2025 - 07:17:39
New York, US (PANA) - Facing a staggering $4 trillion annual financing gap for development and mounting trade wars, top [...] Full text...

thread Economy

IMF Spring Meetings: Navigating an uncertain world

26 april 2025 - 11:36:26
Washington, DC, United States (PANA) - High economic uncertainty may be an overarching theme of the IMF Spring Meetings. But [...] Full text...

thread Economy

Sub-Saharan Africa’s fragile recovery tested by global policy uncertainty

26 april 2025 - 10:51:19
Washington, DC, USA (PANA) -The International Monetary Fund (IMF) expects growth in sub-Saharan Africa to ease to 3.8 percent in 2025 [...] Full text...

thread Economy

IMF must focus on core mandate, encourage growth and stability – IMFC

26 april 2025 - 10:10:43
Washington, DC. USA (PANA) . The International Monetary Fund (IMF) must continue to focus on its core mandate, including supporting [...] Full text...

thread Economy

Italy increases IDA commitment, launches Africa Partnership with World Bank

25 april 2025 - 12:36:11
Washington, D.C., US (PANA) - The World Bank and Italy have signed an agreement to advance sustainable development in Africa, [...] Full text...

thread Economy

Asia can boost economic resilience amid surging trade tensions: IMF Blog By Thomas Helbling, Andrea Pescatori, and Krishna Srinivasan

25 april 2025 - 08:47:23
Washington, DC, USA (PANA) - As the global economic system is being reset, US tariffs are the highest in a [...] Full text...

thread Economy

IMF chief calls for balanced growth in global policy agenda

25 april 2025 - 07:31:27
Washington, DC, USA (PANA) - Countries must work constructively to resolve trade tensions, safeguard economic and financial stability, and double [...] Full text...

thread Economy

Rising global debt requires countries to put their fiscal house in order: IMF Blog By Era Dabla-Norris, Vitor Gaspar, Marcos Poplawski-Ribeiro

24 april 2025 - 07:36:33
Washington, DC, USA (PANA) - Major policy shifts underway have heightened global uncertainty. The series of recent tariff announcements by [...] Full text...

thread Economy

Enhancing financial stability for resilience during uncertain times: IMF Blog By Tobias Adrian

23 april 2025 - 11:01:38
Washington, DC, United States (PANA) - Capital markets are essential for driving economic activity, providing mechanisms for raising funds and [...] Full text...

thread Economy

IMF scales down growth in Africa by 0.3 percentage points to 3.9 percent for 2025

23 april 2025 - 05:33:01
Washington, DC, US (PANA) - The Chairman of the African Caucus at the International Monetary Fund (IMF), Mr. Hervé Ndoba, [...] Full text...

thread Economy

Migration and Refugee Policies - When destination countries tighten migration and refugee policies, it has economic ripple effects elsewhere: IMF Blog By Paula Beltran Saavedra, Nicolas Fernandez-Arias, Samuel Mann and Carolina Osorio-Buitron

19 april 2025 - 11:32:55
Washington, DC, US (PANA) - Migration has always been an integral part of humanity’s history and success. As of last year, [...] Full text...

thread Society

IMF team says Nigerian authorities taken important steps to stabilise economy

18 april 2025 - 17:06:03
Abuja, Nigeria (PANA) - The Nigerian authorities have taken important steps to stabilise the economy, enhance resilience, and support growth, [...] Full text...

thread Economy

Tanzania set to access US$441 million in IMF financing

18 april 2025 - 08:09:20
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] Full text...

thread Economy

IMF, Gambia reach Staff-Level agreement on RSF arrangement and Third review under ECF arrangement

17 april 2025 - 10:56:31
Washington, DC, US (PANA) - The Gambian authorities and a team of the International Monetary Fund (IMF) have reached a [...] Full text...

thread Economy

IMF Executive Board approves disbursement of US $129 million under Rapid Credit Facility for Mali

17 april 2025 - 10:34:16
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a disbursement of [...] Full text...

thread Economy

IMF, Libya complete Article IV Mission

17 april 2025 - 10:17:48
Washington, DC, US (PANA) - The dispute over the leadership of the Central Bank of Libya (CBL) last August and [...] Full text...

thread Economy

IMF, Malagasy officials reach staff-level deal on reviews of ECF and RSF plans

16 april 2025 - 10:10:29
Antananarivo, Madagascar (PANA) – Malagasy authorities and the International Monetary Fund staff have reached a staff-level agreement on policies to [...] Full text...

thread Economy

IMF mission, Ghanaian authorities reach staff-level agreement on Fourth Review of Extended Credit Facility

15 april 2025 - 10:08:02
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, and [...] Full text...

thread Economy

How rising geopolitical risks weigh on asset prices: IMF Blog By Salih Fendoglu, Mahvash S. Qureshi, and Felix Suntheim

15 april 2025 - 08:08:01
Washington, DC, United States (PANA) - Global geopolitical risks remain elevated, raising concerns about their potential impact on economic and [...] Full text...

thread Economy

IMF Staff completes mission to Guinea Bissau

11 april 2025 - 13:14:43
Washington, D.C, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Niko Hobdari visited Bissau [...] Full text...

thread Economy

IMF Staff completes 2025 Article IV Mission to Mauritius

11 april 2025 - 13:00:33
Washington, DC, US (PANA) -  Real GDP of Mauritius grew by a robust 4.7 percent in 2024, driven by services, [...] Full text...

thread Economy

IMF staff, Rwandan authorities agree on fifth review of Policy Coordination Instrument

05 april 2025 - 12:05:34
Kigali, Rwanda (PANA) – The International Monetary Fund (IMF) staff and the Rwandan authorities have reached staff-level agreement on policies [...] Full text...

thread Economy

IMF approves 2-year US$4.5 billion Flexible Credit Line arrangement for Morocco

03 april 2025 - 10:39:28
Rabat, Morocco (PANA) - The International Monetary Fund (IMF) has approved a successor two-year arrangement for Morocco under the Flexible [...] Full text...

thread Economy

IMF chief sets up Advisory Council on Entrepreneurship and Growth

28 march 2025 - 10:54:01
Washington, DC, United States (PANA) - As part of the International Monetary Fund’s efforts to help its 191 member countries [...] Full text...

thread Economy

IMF mission welcomes Senegal’s commitment to fiscal transparency

27 march 2025 - 11:56:51
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) mission visited Senegal to review findings of the audit report by [...] Full text...

thread Economy

Global Talent and Economic Success: IMF Blog By William Kerr, Professor of Business Administration at Harvard Business School

26 march 2025 - 13:01:00
Washington, DC, United States (PANA) - Countries that attract the world’s most talented people will be the most successful at [...] Full text...

thread Society

Economics of talent: IMF Blog By Ruchir Agarwal, cofounder of the Global Talent Fund and director of the Raj Center at Columbia University, and Patrick Gaule, cofounder of the Global Talent Fund and associate professor of economics at the University of Bristol

26 march 2025 - 11:18:38
Washington, DC, United States (PANA) - The new “economics of talent” field aims to identify and nurture exceptional problem-solvers at [...] Full text...

thread Society

How animal spirits affect the economy: IMF Blog By Joel Flynn, assistant professor of economics at Yale University, and Karthik Sastry, assistant professor of economics and public affairs at Princeton University

22 march 2025 - 09:26:52
Washington, DC, United States (PANA) - Storytelling is central to how we interpret economic events. We recall economic history through [...] Full text...

thread Economy

East Africa leads regional growth in Africa, says report

20 march 2025 - 15:32:56
Cotonou, Benin (PANA) - Growth in East Africa is expected to be stronger than in other sub-regions, reaching 6% in [...] Full text...

thread Economy

How sound economic policy can help prevent conflict: IMF Blog By Franck Bousquet, Paul M. Bisca, Christopher Rauh, Benjamin Seimon

14 march 2025 - 11:59:22
Washington, DC, United Sates (PANA) - Simulations that incorporate machine learning-based predictions of conflict suggest large payoffs from preventive policies, [...] Full text...

thread Economy

IMF Board completes review of Cong’s ECF arrangement

13 march 2025 - 09:49:10
Washington, DC, United States (PANA) – The International Monetary Fund (IMF) has completed the sixth and final review of the [...] Full text...

thread Economy

Smart policies that help people realize their potential can be game-changing for entire societies: IMF Blog By Gita Bhatt

08 march 2025 - 08:14:45
Washington D.C., USA (PANA) - Every great leap in human progress—from the printing press to the steam engine to the [...] Full text...

thread Economy

Ghana's President stresses self-reliance on 68th independence anniversary

06 march 2025 - 12:48:46
Accra, Ghana (PANA) - Ghana on Thursday marked her 68th independence anniversary with the President of the West African country, [...] Full text...

thread Politics

Democratising innovation can harness untapped talent and spur economic growth: IMF Blog By Xavier Jaravel, Professor of Economics at the London School of Economics

05 march 2025 - 13:01:25
Washington, DC, USA (PANA) - Notwithstanding Plato’s 2,400-year-oldproverb, necessity alone is not the mother of invention. It also requires opportunity. An [...] Full text...

thread Economy

How AI can help both tax collectors and taxpayers: IMF Blog By Thomas Cantens and Herve Tourpe

26 february 2025 - 09:03:53
Washington, DC, United States (PANA) - New technologies have the potential to improve the relationship between governments and citizens. Tax [...] Full text...

thread Sciences

IMF concludes 2024 Article IV Consultation with Angola

25 february 2025 - 09:09:01
Luanda, Angola (PANA} - Angola’s economy recovered in 2024 as the oil sector rebounded. GDP growth is estimated to have [...] Full text...

thread Economy

Foreign Direct Investment increased to a record $41 trillion: IMF Blog By Topias Leino and Maja Gavrilovic

21 february 2025 - 09:20:59
Washington, DC, United States (PANA) - Global foreign direct investment grew again in 2023 after declining the previous year. Inward direct [...] Full text...

thread Economy

IMF team concludes Ghana visit

14 february 2025 - 20:23:31
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team led by Stéphane Roudet has visited Ghana as part [...] Full text...

thread Economy

IMF staff completes Staff-Monitored Programme discussion with Zimbabwe

14 february 2025 - 11:10:11
Harare, Zimbabwe (PANA) - Following the request for a Staff-Monitored Programme (SMP) by the Zimbabwe authorities in 2023, an International [...] Full text...

thread Economy

Rising rates may trigger financial instability, complicating fight against inflation: IMF Blog By Katharina Bergant, Mai Hakamada, Divya Kirti, and Rui C. Mano

14 february 2025 - 07:45:18
Washington, DC, United States (PANA) - Before the pandemic, investors worried about how persistently low inflation and interest rates would [...] Full text...

thread Economy

IMF completes first review of Liberia’s ECF programme underlining governance reforms

06 february 2025 - 08:48:24
Monrovia, Liberia (PANA) – Liberia is now in position to draw US$46 million from the International Monetary Fund (IMF) for [...] Full text...

thread Economy

Benin: An African pioneer – IMF Country Focus

04 february 2025 - 07:29:07
Porto-Novo, Benin (PANA) - Benin faced a number of negative spillovers in 2022: a deteriorating regional security situation at its [...] Full text...

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

02 february 2025 - 08:26:03
Washington, DC, US (PANA) - South Africa’s economy has continued to face challenges in recent years, the International Monetary Fund [...] Full text...

thread Economy

IMF Executive Board Concludes 2024 Article IV Consultation with South Africa

02 february 2025 - 07:01:04
Washington, DC, US (PANA) - South Africa’s economy has continued to face challenges in recent years, the International Monetary Fund [...] Full text...

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Cameroon gains some recovery as economic growth remains subdued

31 january 2025 - 11:35:46
Yaoundé, Cameroon (PANA) -  Cameroonian authorities and the International Monetary Fund (IMF) have reached a staff-level agreement on the seventh [...] Full text...

thread Economy

Malawi needs urgent action on macroeconomic reforms and transformative potential of mining: WB report

31 january 2025 - 08:28:24
Lilongwe, Malawi (PANA) - Malawi’s economic recovery remains fragile due to lagging implementation of macroeconomic reforms and a series of [...] Full text...

thread Economy

With IMF support Cape Verde aims to build climate resilience, grow strongly

25 january 2025 - 08:52:41
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the fifth review of [...] Full text...

thread Economy

IMF Executive Board completes sixth review under ECF for Niger

23 january 2025 - 06:51:10
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the 2024 Article IV [...] Full text...

thread Economy

IMF staff concludes visit to Central African Republic

21 january 2025 - 05:59:19
Washington, DC, US (PANA) - An International Monetary Fund (IMF) team, led by Mr. Albert Touna Mama, visited Bangui from [...] Full text...

thread Economy

IMF Executive Board completes Fifth Review Under ECF arrangement for Cabo Verde

20 january 2025 - 05:57:08
Washington, DC, US (PANA) - The Executive Board of the IMF has completed the fifth review of Cabo Verde’s performance [...] Full text...

thread Economy

IMF Board completes second review of Ethiopia’s Extended Credit Facility arrangement

18 january 2025 - 08:43:19
Washington, DC, United States (PANA) : The Executive Board of the International Monetary Fund (IMF) on Friday completed the second [...] Full text...

thread Economy

IMF approves US$1,729 million ECF, US$1,038 million RSF arrangements for DRC

16 january 2025 - 08:08:49
Washington, DC. United States (PANA) - The International Monetary Fund (IMF) approved on Wednesday a 38-month arrangement for The Democratic [...] Full text...

thread Economy

Côte d’Ivoire: IMF Country Focus -Fostering economic transformation and adapting to climate change

15 january 2025 - 07:19:40
Abidjan, Côte d’Ivoire (PANA) - The Ivoirien economy has performed strongly over the past decade, with GDP growth averaging 6.4 [...] Full text...

thread Economy

More than a dozen heads of state to attend inauguration of Ghana's president-elect Mahama

06 january 2025 - 18:06:02
Accra, Ghana (PANA) - John Dramani Mahama begins his second term as President of Ghana on Tuesday at his inauguration [...] Full text...

thread Politics

2024 - year of remarkable achievements, resilience, and progress for Tanzania

01 january 2025 - 12:18:42
Dar es Salaam, Tanzania (PANA) – The just closed year 2024 saw Tanzania’s economic stability and investment potential widely recognised, [...] Full text...

thread Economy

IMF staff, Egyptian authorities reach staff-level deal on EFF review

25 december 2024 - 12:31:37
Cairo, Egypt (PANA) - The Egyptian authorities and staff of the International Monetary Fund (IMF) have reached staff-level agreement on [...] Full text...

thread Economy

IMF Executive Board completes second review under Extended Credit Facility Arrangement for Burkina Faso

21 december 2024 - 10:30:28
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has completed the Second Review under [...] Full text...

thread Economy

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

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

thread Economy

The Gambia: IMF Executive Board completes second review under the Extended Credit Facility

21 december 2024 - 09:44:25
Washington, DC, US (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday completed the second review [...] Full text...

thread Economy

IMF identifies Benin’s key challenge in economic transformation efforts

18 december 2024 - 11:04:42
Cotonou, Benin (PANA) - A key challenge ahead for Benin is to further strengthen inclusive policies for an economic transformation [...] Full text...

thread Economy

IMF Board completes fourth review of Zambia’s ECF arrangement

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

thread Economy

IMF concludes fourth review of Tanzania’s ECF arrangement, allows disbursement of $204.5 million

14 december 2024 - 09:59:34
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has approved immediate disbursement of $204,5 million in two [...] Full text...

thread Economy

IMF staff concludes visit to Djibouti

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

thread Economy

Housing Africa’s growing population: IMF Blog By Kecia Rust, Executive Director of Centre for Affordable Housing Finance in Africa

11 december 2024 - 11:04:15
Kumasi, Ghana (PANA) - Deeper understanding of informality and better use of technology can build more sustainable housing markets.Informality dominates [...] Full text...

thread Society

Chad’s economic recovery picks steam - IMF

10 december 2024 - 08:02:32
N’Djamena, Chad (PANA) - Chad’s post-pandemic recovery picked up steam in 2023 with growth increasing to 4.9 percent, the Executive [...] Full text...

thread Economy

Côte d’Ivoire’s debt-for-development swap to free up funds for education

06 december 2024 - 08:47:28
Abidjan, Côte d’Ivoire (PANA) - With support from the World Bank Group, Côte d’Ivoire will complete a debt-for-development swap, a [...] Full text...

thread Society

Housing’s unique role in lives and economies demands greater understanding: IMF Blog By Gita Bhatt

05 december 2024 - 08:43:42
Washington, DC, USA (PANA) - Wherever I go these days, the conversation inevitably focuses on the rising cost of housing. [...] Full text...

thread Economy

Ghana votes in 9th elections as it consolidates multi-party democracy

03 december 2024 - 13:39:05
Accra, Ghana (PANA) - Ghanaian voters go to the polls on Saturday, 7 December to elect a president and 276 [...] Full text...

thread Politics

Persistent fall in private borrowing brings global debt down: IMF Blog By Vitor Gaspar, Carlos Gonçalves, Marcos Poplawski-Ribeiro

03 december 2024 - 11:17:39
Washington, DC, United States (PANA) – Global debt decreased about one percentage point to 237 percent GDP in 2023. Empirical [...] Full text...

thread Economy

IMF Executive Board completes third review under the ECF arrangement with Ghana

03 december 2024 - 05:07:20
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday completed the third review [...] Full text...

thread Economy

IMF reaches Staff Level agreement on Second Review of ECF for Ethiopia

28 november 2024 - 09:29:50
Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF) led by Mr. Alvaro Piris and [...] Full text...

thread Economy

IMF mission concludes visit to Egypt on review of Extended Fund Facility

21 november 2024 - 08:47:30
Cairo, Egypt (PANA) – Egyptian authorities and the International Monetary Fund (IMF) staff have made “substantial progress” on policy discussions [...] Full text...

thread Economy

IMF staff team concludes mission to Liberia

21 november 2024 - 08:18:22
Washington, DC, United States (PANA) - An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief [...] 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 - 07:11:17
Brussels, 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 - 10:25:28
Moroni, Comoros (PANA) - Comorian authorities and International Monetary Fund (IMF) staff have reached a staff-level agreement on economic policies [...] Full text...

thread Economy

IMF Country Focus: Growth in sub-Saharan Africa is diverging By Saad Quayyum, Nikola Spatafora, Sanghamitra Mukherjee, and Hamza Mighri

15 november 2024 - 07:49:18
Dar es Salaam, Tanzania (PANA) - Stagnating incomes in the region's resource-intensive economies necessitate more effective fiscal management and broad-based [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

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

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

thread Economy

The clock is ticking on sub-Saharan Africa's urgent job creation challenge: IMF Blog By Athene Laws, Faten Saliba, Can Sever, and Luc Tucker

12 november 2024 - 08:41:34
Gaborone, Botswana (PANA) - To employ a growing population, the region needs to transform informal jobs, reduce barriers to business [...] Full text...

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

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

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Investing in health: Time for a rethink: World Bank Blog By Christoph Kurowski, Martin Schmidt and David B. Evans

09 november 2024 - 09:56:14
Washington DC, United States (PANA) – Countries are entering a critical phase in achieving the health Sustainable Development Goals (SDGs), [...] Full text...

thread Health

IMF issues preliminary statement on assessment of Congo’s financial stability

08 november 2024 - 08:16:18
Washington, 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 - 07:47:03
Bissau, 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 - 07:26:28
Banjul, 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 - 07:33:51
Washington, 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 - 07:12:01
Washington, DC, US (PANA) - A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, has [...] Full text...

thread Economy

IMF concludes reviews with Kenya

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

thread Economy

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

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

thread Economy

Development Committee praises WBG resolve to contain Mpox pandemic in Africa

26 october 2024 - 16:54:11
Washington, DC, United States (PANA) – The World Bank Group’s Development Committee has welcomed the steps taken by the institution [...] Full text...

thread Health

Togo advances reforms, pursues sound economic policies: IMF

25 october 2024 - 12:30:38
Lomé, 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 - 11:09:16
Washington, DC, United States (PANA) - The global economy is in danger of getting stuck on a low-growth, high-debt path, [...] Full text...

thread Economy

Spain announces early commitment of €400 million to IDA, nearly 40% increase in pledge

24 october 2024 - 17:55:28
Washington, DC, United States (PANA) - Spain has announced an early financial commitment of €400 million to the International Development [...] Full text...

thread Economy

Joint IMF-Regional Financing Arrangements hold dialogue on effective collaboration

24 october 2024 - 06:37:41
Washington, DC, United States (PANA) - The 9th High-level Regional Financing Arrangements (RFAs) Dialogue was held on Wednesday  in Washington [...] 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 - 10:10:27
Washington, 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 - 08:51:42
Kigali, 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 - 14:53:14
Washington, 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 - 09:42:53
Antananarivo, Madagascar (PANA) - Strengthening governance and accelerating reforms to bolster resilience to climate shocks and attract climate finance for [...] Full text...

thread Economy

IMF completes first review of Ethiopia’s ECF arrangement, allows $340.7 million disbursement

19 october 2024 - 08:43:02
Addis 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 - 07:53:28
Dar es Salaam, Tanzania (PANA) - Tanzanian authorities and the International Monetary Fund (IMF) have reached staff-level agreement on the [...] Full text...

thread Economy

Support for economic reforms hinges on communication, engagement, and trust: IMF Blog By Silvia Albrizio, Bertrand Gruss, and Yu Shi

17 october 2024 - 14:25:35
Washington DC, United States (PANA) - The global economy is stuck in a low-growth gear, largely because of aging populations, [...] Full text...

thread Economy

IMF team assesses Senegal’s finance inspectorate reports

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

thread Economy

Zambia’s drought impact stuns IMF staff team

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

thread Economy

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

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

thread Economy

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 - 11:02:06
Washington, 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 - 10:56:27
N’Djamena, Chad (PANA) - Chad’s economic growth, after increasing to 4.9 percent in 2023, is expected to moderate this year, [...] Full text...

thread Economy

Regaining modern values can reverse the slowdown in innovation and its rewards: IMF Blog By Edmund Phelps

16 october 2024 - 07:32:49
Washington DC, United States (PANA) - Why do some nations experience mass economic flourishing while others do not? Why did [...] Full text...

thread Economy

When foreign exchange intervention can best help countries navigate shocks: IMF Blog By Suman Basu, Sonali Das, Olamide Harrison, and Erlend Nier

12 october 2024 - 14:23:40
Washington 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 - 12:02:05
Banjul, Gambia (PANA) – The International Monetary Fund (IMF) staff and the Gambian authorities have conducted productive discussions on economic [...] Full text...

thread Economy

IMF and WBG announce Tanzania is second beneficiary of Enhanced Cooperation Framework for Climate Action

11 october 2024 - 18:03:53
Dar es Salaam, Tanzania (PANA) - The World Bank Group (WBG) and the International Monetary Fund (IMF) have announced Tanzania [...] Full text...

thread Environment

IMF expects Côte d’Ivoire to boost recovery of regional official reserves

11 october 2024 - 11:38:27
Abidjan, Cote d’Ivoire (PANA) – International Monetary Fund (IMF) staff and the Cote d’Ivoire authorities have reached a staff-level agreement [...] Full text...

thread Economy

We must place our hope in multilateralism: IMF article By Gordon Brown, former Prime Minister of the United Kingdom

11 october 2024 - 11:13:20
London, United Kingdom (PANA) – Only by working together can countries fend off fragmentation and deepening crises “Those who look only [...] Full text...

thread Economy

IMF team discusses macroeconomic policies on Burkina Faso visit

10 october 2024 - 09:15:52
Ouagadougou, Burkina Faso (PANA) - An International Monetary Fund (IMF) staff team led by Martin Schindler visited Ouagadougou during 30 [...] Full text...

thread Economy

Why women risk losing out in shift to green jobs: IMF Blog By tefania Fabrizio, Florence Jaumotte, and Marina M. Tavares

08 october 2024 - 07:01:27
Washington, DC, United States (PANA) - Men hold about 70 percent of the world’s polluting jobs, so one might think [...] Full text...

thread Economy

IMF, WB, WHO step up cooperation on pandemic preparedness

06 october 2024 - 05:59:49
Washington, DC, US (PANA) - The Heads of the International Monetary Fund (IMF), the World Bank Group (WBG), and the [...] Full text...

thread Health

IMF reaches Staff-Level Agreement with Ghana on Third Review of the Extended Credit Facility

04 october 2024 - 13:00:46
Accra, Ghana (PANA) - IMF staff and the Ghanaian authorities have reached staff-level agreement on economic policies and reforms to [...] Full text...

thread Economy

South Sudan faces macroeconomic challenges resulting from endless war in neighbouring Sudan: IMF team

02 october 2024 - 18:12:48
Juba, South Sudan (PANA) – South Sudan continues to face several difficult macroeconomic challenges, partly resulting from the spillovers of [...] Full text...

thread Economy

Working from home is powering productivity: IMF article by Nicholas Bloom

02 october 2024 - 05:39:32
Washington, 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 - 14:24:08
Washington, 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 - 07:53:37
Mbabane, Eswatini (PANA) – On the back of a post-pandemic rebound and favourable export prices, real GDP growth in Eswatini [...] Full text...

thread Economy

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

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

thread Economy

Sierra Leone, IMF reach staff-level deal on new ECF arrangement

21 september 2024 - 09:27:33
Freetown, Sierra Leone (PANA) - The International Monetary Fund (IMF) staff and the Sierra Leonean authorities have reached a staff-level [...] Full text...

thread Economy

IMF staff pledge support to Kenyan authorities in managing challenges

18 september 2024 - 08:55:57
Nairobi, Kenya (PANA) - The authorities in Kenya have expressed commitment to advancing economic and governance reforms which are crucial [...] Full text...

thread Society

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

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

thread Politics

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

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

thread Economy

Benin prepares 2025 budget in compliance with WAEMU fiscal norm

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

thread Economy

IMF underlines wise spending of public revenue in Lesotho

12 september 2024 - 12:01:39
Maseru, Lesotho (PANA) - Lesotho’s GDP growth has improved modestly, picking up to 2.2 percent in the fiscal year ending [...] Full text...

thread Economy

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

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

thread Economy

IMF Executive Board finds Botswana’s financial sector sound, stable, and resilient

11 september 2024 - 10:34:26
Gaborone, 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 - 08:18:23
Kampala, 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 - 12:36:43
Pretoria, 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 - 11:21:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment [...] Full text...

thread Economy

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

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

thread Economy

Women lead record number of central banks, but more progress is needed: IMF Blog

30 august 2024 - 05:38:07
Washington DC, United States (PANA) - Women are leading more central banks than ever before, thanks to appointments in the [...] Full text...

thread Gender

IMF approves US$7.3 million disbursement to Guinea Bissau

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

thread Economy

IMF, Liberia reach staff-level agreement on new 40-month Extended Credit Facility Arrangement

27 august 2024 - 07:48:04
Washington, DC, US (PANA) - International Monetary Fund staff and the Liberian authorities have reached a staff-level agreement on a [...] Full text...

thread Economy

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

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

thread Economy

Links between weak governance and unsustainable debt in IMF loan programmes require action

14 august 2024 - 14:52:00
Washington, DC, United States (PANA) – A new white paper from Transparency International U.S. (“TI US”) examines links between weak [...] Full text...

thread Society

World Bank Group launches high level council to tackle looming jobs crisis

13 august 2024 - 08:13:37
Washington, DC, United States (PANA) - The World Bank Group has announced the launch of the High-Level Advisory Council on [...] Full text...

thread Society

Now is the time to help countries faced with liquidity challenges: IMF Blog By Ceyla Pazarbasioglu and Pablo Saavedra

01 august 2024 - 17:00:50
Washington, United States (PANA) - Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring [...] Full text...

thread Economy

IMF Executive Board approves four-year US$3.4 billion Extended Credit Facility arrangement for Ethiopia

30 july 2024 - 11:47:18
Washington, 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 - 07:46:40
Cairo, Egypt (PANA) - The International Monetary Fund (IMF) on Monday completed the third review of the extended arrangement under [...] Full text...

thread Economy

Eswatini’s growth stuck in 4.5 to 5.0 percent range in 2024: IMF

25 july 2024 - 11:09:11
Mbabane; Eswatini (PANA) – Eswatini’s economic growth is poised to remain in the 4.5 to 5.0 percent range in 2024 [...] Full text...

thread Economy

IMF management approves Staff Monitored Programme for Equatorial Guinea

25 july 2024 - 11:07:04
Washington, DC, United States (PANA) - Management of the International Monetary Fund (IMF) on Wednesday approved a 12-month non-financing Staff [...] Full text...

thread Economy

CAR faces tough socioeconomic situation in governance reforms: IMF

25 july 2024 - 09:56:53
Bangui, CAR (PANA) – Despite the particularly difficult socioeconomic context and significant financing needs, Central African Republic (CAR) continues to [...] Full text...

thread Economy

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

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

thread Economy

IMF Deputy Managing Director Antoinette Sayeh to retire from the Fund

17 july 2024 - 19:16:07
Washington, DC, United States (PANA) - International Monetary Fund (IMF) Managing Director, Kristalina Georgieva announced on Wednesday that Deputy Managing [...] Full text...

thread Society

Global growth steady amid slowing disinflation and rising policy uncertainty: IMF Blog By Pierre-Olivier Gourinchas

16 july 2024 - 17:45:18
Washington DC, United States (PANA) - Our global growth projections are unchanged at 3.2 per cent this year and slightly [...] Full text...

thread Economy

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

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

thread Economy

Diamond market contraction slows down Botswana’s growth

13 july 2024 - 11:17:19
Gaborone, 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 - 12:03:00
Tripoli, Libya (PANA) - Libya remains a fragile state trapped in political uncertainty, but the episodes of active conflict have [...] Full text...

thread Economy

IMF completes Gambia’s first review under Extended Credit Facility

10 july 2024 - 07:53:35
Banjul, Gambia (PANA) - Gambia’s economic activity continues to recover robustly and its growth was estimated at 5.3 percent in [...] Full text...

thread Economy

IMF completes fourth review of Mozambique’s ECF, releases US$60.03 million budget support

09 july 2024 - 08:05:07
Washington, DC, United States (PANA) - The Executive Board of the International Monetary Fund (IMF) has announced completion of the [...] Full text...

thread Economy

Guinea-Bissau implements IMF’s general data dissemination system

09 july 2024 - 07:17:47
Washington, 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 - 10:10:00
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has concluded the Post Financing Consultation [...] Full text...

thread Economy

IMF, World Bank Group announce Joint Bretton Woods at 80 initiative

02 july 2024 - 07:04:38
Washington, DC, United States (PANA) - In recognition of the 80th anniversary of the United Nations Monetary and Financial Conference [...] Full text...

thread Society

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

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

thread Economy

IMF concludes 2024 Article consultation with Benin

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

thread Economy

IMF staff completes 2024 Article IV mission to Zimbabwe

28 june 2024 - 11:03:39
Harare, Zimbabwe (PANA) - Despite headwinds, Zimbabwe’s economy continues showing resilience but growth is expected to decelerate to about 2 [...] Full text...

thread Economy

Sovereign debt restructuring process improving amid cooperation and reform: IMF Blog By Ceyla Pazarbasioglu

27 june 2024 - 10:23:36
Washington, DC, United States (PANA) - The global economy avoided what could have been a systemic debt crisis during the [...] Full text...

thread Economy

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

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

thread Politics

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

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

thread Economy

IMF, US State Department express concern about bloody Kenya riots

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

thread Politics

IMF/Guinea Bissau reach staff-level deal on 6th review of ECF arrangement

26 june 2024 - 09:24:52
Bissau, 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 - 08:40:56
Abidjan, Côte d’Ivoire (PANA) - Côte d’Ivoire’s economy remains resilient against a still difficult global backdrop. Despite lower than expected [...] Full text...

thread Economy

Mapping the world's readiness for Artificial Intelligence shows prospects diverge: IMF Blog By Giovanni Melina

25 june 2024 - 18:35:05
Washington, DC, United States (PANA) - Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could [...] Full text...

thread Sciences

IMF completes second review of CAR’s ECF arrangement, approves US$25 million credit

25 june 2024 - 12:09:39
Bangui, 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 - 12:16:27
Antananarivo, Madagascar (PANA) – The Executive Board of the International Monetary Fund (IMF) on Friday approved a 36-month arrangement under [...] Full text...

thread Economy

Madagascar: First country to benefit from Enhanced Cooperation Framework for Scaled-Up Climate Action

22 june 2024 - 10:58:49
Washington, DC, United States (PANA) - The World Bank Group (WBG) and International Monetary Fund (IMF) have announced that the [...] Full text...

thread Environment

IMF traces signs of macroeconomic stabilisation in Comoros

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

thread Economy

Easing Guinea’s food insecurity: IMF’s Food Shock Window By Pilar Garcia Martinez, Joseph Ntamatungiro, and Neree Noumon

21 june 2024 - 15:42:02
Conakry, Guinea (PANA) - IMF emergency financing has supported Guinea’s efforts to cope with the effects of macroeconomic shocks, underpinned [...] Full text...

thread Agriculture

IMF Board approves US$ 149.4 million budget support for Tanzania

21 june 2024 - 10:17:27
Dar es Salaam, Tanzania (PANA) – The International Monetary Fund (IMF) has completed the third review of the Extended Credit [...] Full text...

thread Economy

Senegal’s new authorities committed to growth-friendly fiscal consolidation

20 june 2024 - 11:33:20
Dakar, Senegal (PANA) - An International Monetary Fund (IMF) staff team has welcomed the Senegalese new authorities’ commitment to the [...] Full text...

thread Economy

Central bank digital currencies can boost Middle East's financial inclusion, payment efficiency: IMF Blog By Serpil Bouza, Marcello Miccoli, Borislava Mircheva

19 june 2024 - 10:13:19
Washington, DC, United States (PANA) - Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting [...] Full text...

thread Economy

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

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

thread Economy

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

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

thread Economy

Burkina Faso’s recovery depends on having security under control: IMF

16 june 2024 - 11:37:40
Ouagadougou, Burkina Faso (PANA) – Burkina Faso’s economic growth is projected at 5.5 percent in 2024 but remains below potential [...] Full text...

thread Economy

AfDB strengthens capacity of fragile states on debt management

13 june 2024 - 10:36:49
Addis Ababa, Ethiopia (PANA) - The African Development Bank (AfDB) Group has launched a series of training programmes to support [...] Full text...

thread Economy

IMF team, Kenya reach staff-level deal on reviews of EFF, ECF arrangements

12 june 2024 - 10:21:16
Nairobi, Kenya (PANA) - Kenya’s economic growth recovered in 2023 with real GDP growing by 5.6 percent, supported by a [...] Full text...

thread Economy

Dollar dominance in the international reserve system: IMF Update By Serkan Arslanalp, Barry Eichengreen, and Chima Simpson-Bell

11 june 2024 - 12:56:48
Washington 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 - 11:55:15
Juba, 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 - 10:15:27
Lomé, Togo (PANA) – Togo’s economic growth reached an estimated 5.6 percent in 2023, and inflation has fallen to 2.6 [...] Full text...

thread Economy

IMF, Egypt reach staff level deal on third review of EFF arrangement

07 june 2024 - 11:10:31
Cairo, 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 - 07:20:04
São Tomé, São Tomé and Príncipe (PANA) - Accelerating reforms of the energy sector is urgently needed to alleviate pressures [...] Full text...

thread Economy

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

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

thread Economy

Mauritania’s economy set to attain 4.3 percent growth in 2024

05 june 2024 - 10:32:26
Nouakchott, Mauritania (PANA) – Mauritania’s economic growth in 2024 is expected to improve, while inflation has slowed down significantly. However, the [...] Full text...

thread Economy

As IMF turns 80, mounting global challenges mean world must work together: IMF Blog By By Gita Bhat

04 june 2024 - 13:41:42
Washington DC, USA (PANA) –  As IMF turns 80, mounting global challenges mean world must work together. Our biggest challenges—from [...] Full text...

thread Economy

IMF, Cameroon reach staff-level agreement on first review of ECF, RSF

04 june 2024 - 11:51:18
Yaoundé, 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 - 10:40:06
Victoria, Seychelles (PANA) - The Seychelles economy has continued to demonstrate resilience, despite continued volatility in the external environment and [...] Full text...

thread Economy

IMF must listen to the needs of its global membership and adapt to emerging challenges: IMF Regional Perspectives By William Ruto, President of Kenya

03 june 2024 - 17:24:44
Nairobi, Kenya (PANA) - For over eight decades, the International Monetary Fund (IMF) has stood as a pillar of global [...] Full text...

thread Economy

IMF, Niger reach staff-level deal on reviews of ECF and RSF

01 june 2024 - 18:05:10
Niamey, Niger (PANA) - With the economic outlook promising over the near and medium term, the International Monetary Fund (IMF) [...] Full text...

thread Economy

World Bank Group and IMF deepen joint effort to scale up climate action

01 june 2024 - 08:35:56
Washington, DC, USA (PANA) - The World Bank Group (WBG) and the International Monetary Fund (IMF) are deepening their cooperation [...] Full text...

thread Environment

World Bank supports Ghana to strengthen its financial sector

31 may 2024 - 09:44:44
Accra, Ghana (PANA) - The World Bank has approved a $250 million International Development Association (IDA) credit for a five-year [...] Full text...

thread Economy

IMF Board concludes first review of ECF for Somalia

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

thread Economy

Congo, IMF staff reach deal on fifth review under ECF arrangement

30 may 2024 - 08:40:40
Brazzaville, Congo (PANA) – International Monetary Fund (IMF) staff has reached staff-level agreement on the Fifth Review of the Extended [...] Full text...

thread Economy

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

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

thread Economy

IMF welcomes Gabon’s rebound in economic growth

29 may 2024 - 14:10:19
Libreville, Gabon (PANA) - The Executive Board of the International Monetary Fund (IMF) has welcomed Gabon’s rebound in growth and [...] Full text...

thread Economy

IMF reaches staff-level deal with Tanzania on RSF, third review of ECF

18 may 2024 - 08:47:38
Dar es Salaam, Tanzania (PANA) – Tanzania’s authorities and the International Monetary Fund (IMF) have reached staff-level agreement on a [...] Full text...

thread Economy