Global economy remains resilient despite uneven growth, challenges ahead: New IMF Blog By Pierre-Olivier Gourinchas

16 april 2024 - 19:43:48
Washington DC, USA (PANA) - Despite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing [...] Full text...

thread Economy

Central banks must remain vigilant along the last mile of disinflation: IMF Blog By Tobias Adrian

16 april 2024 - 18:23:10
Washington DC. United States (PANA) - A sense of optimism has pervaded financial markets in recent months, amid investor confidence [...] Full text...

thread Economy

UN leaders urge ‘wholesale reform’ of global financial architecture

16 april 2024 - 06:13:40
New York, US (PANA) - The Secretary-General and President of the General Assembly on Monday led the clarion call for [...] Full text...

thread Economy

Massive investment and financial reform needed to rescue SDGs

10 april 2024 - 05:36:25
New York, US (PANA) - Financing for sustainable development is at a crossroads and without urgent investment, global efforts to achieve [...] Full text...

thread Economy

Fast-growing $2 trillion private credit market warrants closer watch: IMF Blog By Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto

08 april 2024 - 15:40:00
Washington 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 - 11:00:27
Washington, DC, United States (PANA) - Central banks have raised interest rates significantly over the past two years to combat [...] Full text...

thread Economy

Hidden debt hurts economies. Better disclosure laws can help ease the pain: IMF Blog By Alissa Ashcroft, Karla Vasquez, Rhoda Weeks-Brown

02 april 2024 - 15:28:55
Washington, United States (PANA) - If efforts to address record global public debt are to leave no stone unturned, then [...] Full text...

thread Economy

AfDB plans massive work on DRC's giant Inga 3 dam

29 march 2024 - 13:20:12
Abidjan, Cote d'Ivoire (PANA) - African Development Bank (AfDB) Group President, Dr Akinwumi Adesina, has called for a major political [...] 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 - 13:14:00
Washington, United States (PANA) - Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term [...] Full text...

thread Economy

Breaking the debt super-cycle: IMF Blog by Atif Mian

20 march 2024 - 07:50:15
Washington DC, USA (PANA) - Dependence on credit to boost demand imperils the world economy—we must correct the underlying imbalances Nature [...] Full text...

thread Economy

Burkina Faso prepares for ECF review by IMF Executive Board in May

08 march 2024 - 08:45:57
Ouagadougou, Burkina Faso (PANA) - International Monetary Fund (IMF) staff and Burkinabè authorities have reached staff-level agreement on economic policies [...] Full text...

thread Economy

New Malawi Economic Monitor calls for commitment to economic reforms to sustain emerging recovery

27 february 2024 - 07:59:36
Lilongwe, Malawi (PANA)  – Malawi’s medium-term growth outlook is improving because of bold reforms undertaken by the government in 2023 [...] Full text...

thread Economy

African countries scoop 11 out of 20 world's top growth economies

16 february 2024 - 20:47:40
Addis Ababa, Ethiopia (PANA) - Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African [...] Full text...

thread Economy

Malawi's plan to create a stable, sustainable economy

10 february 2024 - 08:06:02
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform programme will help Malawi overcome current and future [...] Full text...

thread Economy

Silent debt crisis engulfing developing economies with weak credit ratings: World Bank Blog (By Philip Kenworthy, M. Ayhan Kose and Nikita Perevalov)

09 february 2024 - 17:27:54
Washington, United States (PANA) - Some developing economies are finally seeing light at the end of the tunnel. Global inflation is [...] Full text...

thread Economy

Malawi's plan to create a stable, sustainable economy

03 february 2024 - 10:47:45
Lilongwe, Malawi (PANA) - Adherence to the authorities' macroeconomic adjustment and reform program would help Malawi overcome current and future [...] Full text...

thread Economy

Emerging markets navigate global interest rate volatility: IMF Blog By Tobias Adrian, Fabio Natalucci, and Jason Wu

02 february 2024 - 07:04:24
Washington, 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 - 16:54:52
Washington, United States (PANA) - The clouds are beginning to part. The global economy begins the final descent toward a [...] Full text...

thread Economy

Geopolitical situation in Horn of Africa region poses risks to Djibouti’s recovery – IMF warns

26 january 2024 - 10:24:57
Djibouti City, Djibouti (PANA) – Djibouti recorded a strong rebound in economic activity in 2023 but regional geopolitical developments pose [...] Full text...

thread Economy

How to ease rising external debt-service pressures in low-income countries: IMF Blog By Allison Holland and Ceyla Pazarbasioglu

25 january 2024 - 07:47:11
Washington, United States (PANA) - As 2024 starts, the good news is that there haven’t been any notable requests by [...] 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 - 07:18:15
Washington, United States (PANA) - The commercial real estate sector has been under intense pressure globally as interest rates have [...] Full text...

thread Economy

Centre human rights within global financial overhaul, says UN rights chief

19 january 2024 - 05:42:25
Geneva, Switzerland (PANA) - Human rights must be integrated into the heart of the international financial architecture if the world [...] Full text...

thread Economy

IMF Board approves $100 million 36 months extended credit facility for Gambia

15 january 2024 - 11:01:14
Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the [...] Full text...

thread Economy

World Bank foresees global economy recording worst growth over quarter century

10 january 2024 - 16:33:50
Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...

thread Economy

World Bank foresees global economy recording worst growth over quarter century

09 january 2024 - 17:37:13
Nairobi, Kenya (PANA) - Economic growth in Africa is expected to pick up to 3.8% in 2024 and rise further [...] Full text...

thread Economy

Global economy set for weakest half-decade performance in 30 years

09 january 2024 - 14:23:37
Washington, United States (PANA) - As the world nears the midpoint of what was intended to be a transformative decade [...] Full text...

thread Economy

UN flagship economic report highlights why global cooperation is key

05 january 2024 - 05:55:25
New York, US (PANA) - The UN’s World Economic Situation and Prospects (WESP) report for 2024 projects a slowdown in [...] Full text...

thread Economy

Kenya’s economic performance strengthened in 2023 despite continued challenges

20 december 2023 - 08:49:44
Nairobi, Kenya (PANA) - Kenya’s economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% [...] Full text...

thread Economy

Remittance flows continue to grow in 2023 albeit at slower pace: World Bank report

18 december 2023 - 06:52:12
Washington, United States (PANA) - Remittances to low- and middle-income countries (LMICs) grew an estimated 3.8% in 2023, a moderation [...] Full text...

thread Economy

Developing countries paid record $443.5 billion on public debt in 2022: World Bank report

13 december 2023 - 15:32:47
Washington, USA (PANA) - Amid the biggest surge in global interest rates in four decades, developing countries spent a record [...] Full text...

thread Economy

Middle East conflict risks reshaping the region’s economies: IMF Blog By John Bluedorn and Taline Koranchelian

01 december 2023 - 19:39:15
Cairo, Egypt (PANA) - The conflict in Gaza and Israel is causing immense human suffering. In addition to the direct [...] Full text...

thread Economy

Somalia’s economy resilient amid climatic and global shocks: WB report

30 november 2023 - 14:12:22
Mogadishu, Somalia (PANA) - Recurrent shocks, including a prolonged 2020/23 drought, disrupted Somalia's growth, devastating crops, livestock, and exports. Many fled [...] Full text...

thread Economy

IMF approves 48-month arrangement for Malawi under Extended Credit Facility

16 november 2023 - 09:55:02
Lilongwe, Malawi (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 48-month arrangement of US$175 [...] Full text...

thread Economy

G20 economies should turn to reforms to improve growth amid policy tightening: IMF Blog By JaeBin Ahn, Nicolas Fernandez-Arias, and Neil Meads

07 november 2023 - 20:15:45
Washington, DC, United States (PANA) - Most Group of Twenty economies are likely to keep monetary policy appropriately tight to [...] Full text...

thread Economy

Comorian authorities, IMF staff reach deal on economic policies and reforms

02 november 2023 - 13:58:16
Moroni, Comoro (PANA) – The Comoros’ expected growth in 2023 reflects an ongoing rebound in economic activity, says the International [...] Full text...

thread Economy

Tax earnings in Africa remain below pandemic levels

02 november 2023 - 13:46:47
Paris, France (PANA) - Africa’s average tax-to-GDP ratio was 15.6% in 2021, unchanged from the previous year and remaining below [...] Full text...

thread Economy

Tough macroeconomic policies needed to stabilise Sierra Leone's economy: WB report

28 october 2023 - 11:58:07
Freetown, Sierra Leone (PANA) - Sierra Leone’s economy is projected to grow at 3.7% on average during 2023–25, below its [...] Full text...

thread Economy

New look at global banks highlights risks from higher-for-longer interest rates: IMF Blog by Charles Cohen, Srobona Mitra, Fabio Natalucci

17 october 2023 - 10:18:02
Washington DC, United States (PANA) - Central banks could keep interest rates higher for longer as they fight to curb [...] Full text...

thread Economy

Current El Niño likely to affect food security in several African countries

17 october 2023 - 07:30:02
Dar es Salaam, Tanzania (PANA) –  Heads of international organisations have urged countries to balance short-term urgent interventions with longer-term [...] Full text...

thread Agriculture

Higher-for-longer interest rate environment is squeezing more borrowers: IMF Blog By Tobias Adrian

11 october 2023 - 08:00:15
Washington, DC, United States (PANA) - The world’s central banks have unleashed the steepest series of interest-rate increases in decades [...] Full text...

thread Economy

Resilient global economy still limping along, with growing divergences: IMF Blog By Pierre-Olivier Gourinchas

10 october 2023 - 15:34:50
Washington DC, United States (PANA) - The global economy continues to recover from the pandemic, Russia’s invasion of Ukraine and [...] Full text...

thread Economy

Why IMF lending continues to adapt: IMF Blog - By Ceyla Pazarbasioglu

09 october 2023 - 13:15:47
Washington DC, United States (PANA) - The world confronts the weakest medium-term growth outlook in three decades amid high debt [...] Full text...

thread Economy

Countries must contain global warming while keeping debt in check: IMF Blog By Era Dabla-Norris, Ruud de Mooij, Raphael Lam, and Christine Richmond

03 october 2023 - 13:38:25
Washington DC, US (PANA) - As the window of opportunity to contain global warming is closing rapidly, many countries are [...] Full text...

thread Economy

‘Humanity has opened the gates to hell’ warns Guterres as climate coalition demands action

20 september 2023 - 16:47:00
New York, US (PANA) - “Horrendous heat is having horrendous effects,” the UN chief declared on Wednesday, as a broad [...] Full text...

thread Environment

Historic $650bn liquidity boost continues to benefit global economy: IMF Blog

31 august 2023 - 11:19:13
Washington DC, US (PANA) - In a world shaken by multiple shocks affecting many countries—pandemics, wars, food and energy crises, [...] Full text...

thread Economy

Africa can become new global supply chain force: UNCTAD

16 august 2023 - 16:00:32
Nairobi, Kenya (PANA) - African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost [...] Full text...

thread Economy

IMF Blog: Tracking global financial stability risks from higher interest rates

09 august 2023 - 09:38:02
Washington, DC, US (PANA) – Interest-rate increases by global central banks to contain the biggest inflation outbreak in four decades [...] Full text...

thread Economy

Global economy on track but not yet out of the woods: IMF Blog

25 july 2023 - 16:42:46
Washington, DC, US (PANA) - The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine. [...] Full text...

thread Economy

Emerging market economies bear the brunt of stronger dollar: IMF Blog

20 july 2023 - 06:27:12
Washington DC, US (PANA) - The US dollar’s strengthening last year to a 20-year high had major implications for the [...] Full text...

thread Economy

Urgent action needed to address macroeconomic imbalances, increase energy access in Malawi

19 july 2023 - 16:27:04
Lilongwe, Malawi (PANA) - Malawi’s path towards achieving the goals of its long-term development vision, Malawi 2063, remains feasible but [...] Full text...

thread Economy

IMF approves a US$271 million arrangement under the ECF for Burundi

18 july 2023 - 11:44:28
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) has approved a 38-month arrangement under [...] Full text...

thread Economy

Halfway to 2030, world ‘nowhere near’ reaching Global Goals, UN warns

18 july 2023 - 05:26:45
New York, US (PANA) - The world is “woefully off track” to achieve the Sustainable Development Goals (SDGs) by the [...] Full text...

thread Politics

‘Crushing’ debt crisis spells development disaster for billions: UN chief

12 july 2023 - 16:10:31
New York, US (PANA) - Half of humanity lives in countries that are forced to spend more on servicing their [...] Full text...

thread Economy

Developing countries face $4 trillion investment gap in SDGs

06 july 2023 - 06:01:31
New York, US (PANA) - A green future will remain out of reach if the world doesn’t help developing countries [...] Full text...

thread Economy

IMF helps Senegal reduce debt vulnerabilities, strengthen governance

27 june 2023 - 07:58:06
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Monday approved a 36-month Extended [...] Full text...

thread Economy

Kenya's Ruto calls for global financial reform

23 june 2023 - 15:51:30
Paris, France (PANA) - Kenyan President William Ruto has called for the overhaul of the international financial architecture to create [...] Full text...

thread Economy

Financial system must evolve in ‘giant leap towards global justice’: Guterres

22 june 2023 - 17:21:28
Paris, France (PANA) - Developing countries are buckling under high debt and exorbitant borrowing costs that prevent them from reviving [...] Full text...

thread Economy

IMF expresses concern about Uganda’s anti-LGBT law and development partners

22 june 2023 - 14:55:00
Kampala, Uganda (PANA) - The Ugandan economy is projected to grow by 6 per cent in year 2023/24 while the [...] Full text...

thread Economy

Fiscal consolidation is Senegal’s priority in view of tighter financial conditions: WB report

21 june 2023 - 17:25:31
Dakar, Senegal (PANA) -  Senegal's economic growth slowed in 2022 against a backdrop of rising world commodity prices, the World [...] Full text...

thread Economy

Peace deal in Ethiopia leads to increased Djibouti port activity

16 june 2023 - 08:28:08
Djibouti, Djibouti (PANA) - The recent peace agreement in Ethiopia, Djibouti’s main trade partner, has resulted in an increase in [...] Full text...

thread Economy

IMF, Gambia government launch April 2023 regional economic outlook

15 june 2023 - 17:26:00
Banjul, Gambia (PANA) - The International Monetary Fund (IMF), in collaboration with the Ministry of Finance and Economic Affairs and [...] Full text...

thread Economy

Global economy on precarious footing amid high interest rates: WB report

06 june 2023 - 11:36:17
EDS: EMBARGOED: NOT FOR PUBLICATION, BROADCAST, OR TRANSMISSION UNTIL TUESDAY, 6 June, 2023, AT 1:30 PM UTC. Washington, DC, US (PANA) [...] Full text...

thread Economy

WB report calls for maximised revenues from Africa’s natural resources

10 may 2023 - 10:54:48
Washington, DC, US (PANA) - In a time of energy transition and rising demand for metals and minerals, resource-rich governments [...] Full text...

thread Economy

Reform global financial architecture to achieve sustainable development: UN deputy chief

14 april 2023 - 08:47:24
Washington, DC, US (PANA) - The Sustainable Development Goals (SDGs) are “slipping from our grasp” amid cascading global crises, highlighting [...] Full text...

thread Economy

IMF chief urges support for poorest nations

13 april 2023 - 12:49:53
Washington, DC, US (PANA) - The International Monetary Fund (IMF)’s Managing Director, Kristalina Georgieva, has called on the international community [...] Full text...

thread Economy

Africa looks to tap resource wealth for sustainable development and transition to low-carbon economies

05 april 2023 - 13:25:00
Washington DC, US (PANA) - Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the [...] Full text...

thread Economy

IMF Chief, European Commissioner for International Partnership underline digitalization in Africa

21 march 2023 - 15:26:48
Washington, DC, US (PANA) – Digitalization, including the delivery of social assistance, can play a critical role in improving the [...] Full text...

thread Economy

Inflation remains drag on the African economy - Report

19 march 2023 - 19:35:27
Cotonou, Benin (PANA) - Inflation remained a drag on the African economy in 2022, according to a document on recent [...] Full text...

thread Economy

'Africa was vulnerable to debt in 2022'

19 march 2023 - 19:32:34
Cotonou, Benin (PANA) - Africa has remained vulnerable to debt over the past year, according to a study on the [...] Full text...

thread Economy

IMF approves US$114.8 million emergency financing support to South Sudan

02 march 2023 - 08:31:40
Juba, South Sudan (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a disbursement of [...] Full text...

thread Economy

Conference calls for stronger political will to implement Sudan peace agreement

04 february 2023 - 15:36:32
Khartoum, Sudan (PANA) - A weeklong conference seeking to act as impetus for the implementation of the Juba Peace Agreement [...] Full text...

thread Politics

IMF approves US$38.4 million ECF arrangement for Guinea-Bissau

31 january 2023 - 11:02:59
Bissau, Guinea Bissau (PANA) – A new credit support programme under the International Monetary Fund (IMF) aims to anchor macroeconomic [...] Full text...

thread Economy

IMF Executive Board approves US$71 million for Guinea

23 december 2022 - 10:57:51
Washington, DC, US (PANA) - The Executive Board of the International Monetary Fund (IMF) on Thursday approved a disbursement of SDR [...] Full text...

thread Economy

Ghana announces suspension of external debt repayments

19 december 2022 - 11:16:51
Accra, Ghana (PANA) - Ghana's finance ministry on Monday announced a suspension of all debt service payments under certain categories of [...] Full text...

thread Economy

Djibouti needs urgent action to restore debt sustainability: IMF mission

17 december 2022 - 08:57:57
Djibouti City, Djibouti (PANA) – Large investments over the past decade have driven strong economic growth in Djibouti, but the [...] Full text...

thread Economy

IMF reaches Staff-Level Agreement on $3 billion, three-year Extended Credit Facility with Ghana

13 december 2022 - 09:58:59
Accra, Ghana (PANA) - An International Monetary Fund (IMF) team led by Mr. Stéphane Roudet, Mission Chief for Ghana, has [...] Full text...

thread Economy

Ghana's debt exchange programme encounters roadblock

07 december 2022 - 10:19:45
Accra, Ghana (PANA) - The clock is ticking to the end of the year, a deadline set by the Ghanaian [...] Full text...

thread Economy

Ghana's Monetary Policy Rate goes up from 24.5% to 27%

28 november 2022 - 20:44:41
Accra, Ghana (PANA) - The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the Monetary Policy [...] Full text...

thread Economy

IMF staff reaches deal with Guinea on food assistance through Rapid Credit Facility

24 november 2022 - 05:57:54
Conakry, Guinea (PANA) - Guinea has reached a staff-level agreement with the International Monetary Fund (IMF) to receive up to [...] Full text...

thread Economy

Ghana's ruling party MPs demand dismissal of finance minister as economic hardships bite

25 october 2022 - 12:46:35
Accra, Ghana (PANA) - The majority of Members of Parliament of President Nana Addo Dankwa Akufo-Addo's party on Tuesday asked [...] Full text...

thread Politics

Ghana traders suspend strike after intervention of President Akufo-Addo and traditional ruler of Accra

21 october 2022 - 07:08:02
Accra, Ghana (PANA) - Traders in the Ghanaian capital, Accra, have suspended their action to close their shops following the [...] Full text...

thread Economy

Traders in Accra shut their shops to protest high cost of doing business

19 october 2022 - 11:23:57
Accra, Ghana (PANA) - Traders in the Ghanaian capital, Accra, closed their shops on Wednesday on the first day of [...] Full text...

thread Economy

Sub-Saharan Africa living on the edge, says senior IMF official

15 october 2022 - 06:28:10
Washington, DC, US (PANA) - Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest [...] Full text...

thread Economy

77th UNGA: As global economic crises ‘pile up’, Ghanaian leader says it's time for urgent attention

22 september 2022 - 06:20:01
New York, US (PANA) - It was doubtful that any generation of Earth’s inhabitants has ever witnessed “such a perfect [...] Full text...

thread Politics

Ghana's inflation goes up by 2.2% to 33.9% in August

14 september 2022 - 15:36:02
Accra, Ghana (PANA) - Ghana's inflation rose to 33.9 per cent in August, up from 31.7 per cent in July, [...] Full text...

thread Economy

Concern raised over South Africa's financial security regulations

19 august 2022 - 08:43:23
Cape Town, South Africa (PANA) – The South African Government has conceded that the country is now at great risk [...] Full text...

thread Economy

Food and fuel responsible for rising inflation in South Africa

09 august 2022 - 13:34:44
Pretoria, South Africa (PANA) -  South Africa’s annual consumer price index (CPI) surged to a 13-year high of 7.4 percent [...] Full text...

thread Economy

Cameroon’s economic outlook for 2022 remains positive despite ‘great uncertainties’ - IMF

26 july 2022 - 07:30:17
Yaoundé, Cameroon (PANA) – The Executive Board of the International Monetary Fund (IMF) has concluded the Second Reviews of the [...] Full text...

thread Economy

IMF nods approval of Burundi's policy measures

22 july 2022 - 14:45:23
Bujumbura, Burundi (PANA) - The International Monetary Fund (IMF) announced on Friday its approval of Burundi’s policy response to the [...] Full text...

thread Economy

Ghana facing 'challenging economic, social situation', says IMF

13 july 2022 - 19:51:02
Accra, Ghana (PANA) - An International Monetary Fund (IMF) staff team said on Wednesday that Ghana is facing a challenging [...] Full text...

thread Economy

IMF staff mission discusses reform plans, economic developments in Ethiopia

22 june 2022 - 10:24:20
Addis Ababa, Ethiopia (PANA) - Multiple shocks hitting the Ethiopian economy have dampened growth, further increased inflation and created fiscal [...] Full text...

thread Economy

IMF helps Gambia meet Ukraine-Russian war repercussions

11 june 2022 - 11:05:57
Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) on Friday completed the fourth review under [...] Full text...

thread Economy

IMF team checks on Sierra Leone’s economic recovery from COVID-19 pandemic

08 june 2022 - 07:05:12
Freetown, Sierra Leone (PANA) – Sierra Leone is set to secure US$20.8 million financial support from the International Monetary Fund [...] Full text...

thread Economy

African Finance Ministers denounce payment of surcharge on loans

20 may 2022 - 18:43:25
Dakar, Senegal (PANA) - African Ministers of Finance, Planning and Economic Development have denounced the payment of a surcharge on [...] Full text...

thread Economy

African Finance Ministers call for extension of debt service suspension initiative

20 may 2022 - 11:15:01
Dakar, Senegal (PANA) - The conference of African Ministers of Finance, Planning, and Economic Development has called on the G20 [...] Full text...

thread Economy

Global economic growth downgraded due to 'spillover from Ukraine war'

19 may 2022 - 05:45:10
New York, US (PANA) - The global economy is expected to grow by only 3.1 per cent this year, down [...] Full text...

thread Economy

Gambia secures $20 million IDA grant to strengthen fiscal resilience

11 may 2022 - 11:37:28
Banjul, Gambia (PANA) - The World Bank Board of Executive Directors  has approved a grant of $20 million for Gambia's [...] Full text...

thread Economy

Kenyans mourn departed third President Kibaki

26 april 2022 - 14:37:42
Nairobi, Kenya (PANA) – Grieving Kenyan citizens thronged Parliament buildings in Nairobi's Central Business District for the second day on [...] Full text...

thread Politics

Côte d’Ivoire’s economy remains resilient in face of COVID-19 pandemic: IMF

18 april 2022 - 11:51:11
Abidjan, Côte d'Ivoire (PANA) - Côte d’Ivoire’s economy has remained resilient in the face of the COVID-19 pandemic due to the [...] Full text...

thread Economy

COVID-19 pandemic stalls global economic recovery: UN report

14 january 2022 - 07:31:07
New York, US (PANA) - The UN’s key report on the global economy released on Thursday shows that the rapid [...] Full text...

thread Economy

Coronavirus: ‘We cannot defeat a pandemic in an uncoordinated way’ - Guterres

17 december 2021 - 07:27:25
New York, US (PANA) - Arguing that the world “cannot defeat a pandemic in an uncoordinated way”, the UN Secretary-General said [...] Full text...

thread Health

Gambia: IMF Executive Board Completes 3rd Review Under the Extended Credit Facility (ECF), Approves US$6.97 million

25 november 2021 - 16:14:14
Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) on completion of the third review of [...] Full text...

thread Economy

Coronavirus: Kenya’s economic rebound continues, building on resilience during the pandemic shock

06 november 2021 - 08:18:20
Nairobi, Kenya (PANA) - Kenyan authorities and a staff team from the International Monetary Fund (IMF) have reached a staff-level [...] Full text...

thread Economy

EBRD raises growth forecast, warns of threats

04 november 2021 - 09:05:08
Cairo, Egypt (PANA) - The European Bank for Reconstruction and Development (EBRD) has raised its forecast for its regions for [...] Full text...

thread Economy

Coronavirus: IMF staff hail Guinea Bissau’s reform progress under pandemic compounded conditions

12 october 2021 - 10:59:15
Bissau, Guinea Bissau (PANA) – Guinea’s progress on its nine-month economic reform programme, which is monitored by the International Monetary [...] Full text...

thread Economy

Low-income country debt rises to record $860 billion in 2020

11 october 2021 - 17:40:50
Washington, DC, US (PANA) - Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary and financial [...] Full text...

thread Economy

Coronavirus: Gradual economic recovery underway in Algeria after stemming virus spread

05 october 2021 - 10:44:56
Algiers, Algeria (PANA) - Algeria’s transition to a new growth model requires wide-ranging structural reforms, including measures to improve economic [...] Full text...

thread Economy

Buhari rallies against coups in Africa, seeks debt cancellation for developing countries

24 september 2021 - 17:43:09
Abuja, Nigeria (PANA) – Nigerian President Muhammadu Buhari on Friday asked the international community to rise in unison against the [...] Full text...

thread Politics

Japan Credit Rating Agency reaffirms AfDB’s AAA rating with a stable outlook

03 september 2021 - 14:39:56
Abidjan, Côte d’Ivoire (PANA) - Japan Credit Rating Agency (JCR) has affirmed the African Development Bank’s long-term rating at AAA [...] Full text...

thread Economy

IMF calls for fresh debt re-profiling for Africa, measures to tax education, health

26 august 2021 - 01:46:47
Nairobi, Kenya (PANA)  The International Monetary Fund (IMF) has called for a fresh sovereign debt profile of African countries, which [...] Full text...

thread Economy

Coronavirus: IMF support focuses most where it matters the most

14 august 2021 - 10:21:06
Washington, DC, US (PANA) - Differences in vaccine access, and the ability to deploy policy support are creating ‘a growing [...] Full text...

thread Economy

UN chief welcomes 'historic' IMF liquidity boost for governments in need

04 august 2021 - 05:40:10
New York, US (PANA) - As the COVID-19 crisis continues to exacerbate restrictions on government spending throughout the world, the UN chief on Tuesday welcomed the decision by [...] Full text...

thread Economy

Coronavirus: Burundi seeks IMF assistance to combat pandemic impacts

28 july 2021 - 09:41:00
Bujumbura, Burundi (PANA) – Struggling with critically low international reserves and decreased exports, Burundi has requested the International Monetary Fund [...] Full text...

thread Economy

Nigeria: Senate approves President Buhari’s request for $8.325m, €490m external loans

15 july 2021 - 21:07:16
Abuja, Nigeria (PANA) - The Senate on Thursday approved President Muhammadu Buhari’s request for ongoing external loans to the tune [...] Full text...

thread Economy

AfDB and partners renew commitment to end child stunting in Africa

14 july 2021 - 12:59:05
Abidjan, Côte d'Ivoire (PANA) - Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of [...] Full text...

thread Health

Coronavirus: Rwanda strives to balance policy response in ensuring a strong, inclusive recovery

07 july 2021 - 12:56:38
Kigali, Rwanda (PANA) – Rwanda’s real GDP is projected to rebound by 5.1 percent in 2021, reflecting the start of [...] Full text...

thread Economy

IMF calls on Guinean government to control inflation

02 july 2021 - 10:42:02
Conakry, Guinea (PANA) - In Guinea, inflation should remain above the single-digit target of the country's central bank during the [...] Full text...

thread Economy

Coronavirus: IMF commends Guinea’s response to pandemic, urges support for vulnerable households and businesses

01 july 2021 - 08:30:44
Conakry, Guinea (PANA) – Seriously affected by the COVID-19 pandemic, Guinea needs to diversify the economy and secure more inclusive, [...] Full text...

thread Economy

New economic analysis calls for affordable ICT for youth, women, and rural communities in Malawi

25 june 2021 - 16:05:42
Lilongwe, Malawi (PANA) - Malawi’s low levels of electricity access, high internet prices, unpredictable connectivity, high cost of smart devices, [...] Full text...

thread Economy

Buhari to present Nigeria's 2022 budget to National Assembly in September

22 june 2021 - 18:47:56
Abuja, Nigeria (PANA) – President Muhammadu Buhari says he will present the 2022 budget to National Assembly in September. In a [...] Full text...

thread Economy

IMF reaches staff level deal with Cameroon on new economic support arrangements

28 may 2021 - 10:44:49
Yaoundé, Cameroon (PANA) – Cameroon has shown resilience in the face of the COVID-19 pandemic, but still faces significant challenges, [...] Full text...

thread Economy

African policymakers face three challenges to lift economies out of worst health crisis

13 may 2021 - 15:09:41
Dar es Salaam, Tanzania (PANA) – The second wave of the health crisis that hit sub-Saharan Africa earlier in the [...] Full text...

thread Economy

Guinea Bissau seeks IMF support to mobilise finance for economic reforms

13 may 2021 - 09:15:51
Bissau, Guinea-Bissau (PANA) – Guinea-Bissau’s fiscal deficit widened in 2020 reflecting weaker tax revenue and the authorities’ spending measures to [...] Full text...

thread Economy

Guinea’s growth forecast to reach 5.2 per cent in 2021 - IMF

01 may 2021 - 09:37:07
Conakry, Guinea (PANA) - Guinea’s economy weathered the coronavirus (COVID-19) shock with a strong growth of 7 per cent in [...] Full text...

thread Economy

EU hands out US$199 million to IMF’s Catastrophe Containment and Relief Trust

06 april 2021 - 08:16:11
Washington, DC US (PANA) - The International Monetary Fund (IMF) on Monday received the European Union's (EU's) contribution of US$199 [...] Full text...

thread Economy

Gambian economy about to turn round after suffering COVID-19 pandemic blow

02 april 2021 - 10:27:00
Banjul, Gambia (PANA) – The Gambia’s economic growth is estimated to have decelerated from 6.1 percent in 2019 to zero [...] Full text...

thread Economy

Guterres urges ‘decisive action’ to stave off debt crisis in developing world

29 march 2021 - 14:48:46
New York, US (PANA) - Though significant steps have been taken to prevent debt crises across the world sparked by the [...] Full text...

thread Economy

Tilting towards greater gender equality will help the world tilt to green – EBRD President

08 march 2021 - 12:44:36
London, UK (PANA) – For nations to achieve the dual track of tackling climate change through gender action, all must [...] Full text...

thread Gender

Coronavirus: Pandemic, security situation compound Ethiopia’s socioeconomic challenges

24 february 2021 - 10:07:10
Addis Ababa, Ethiopia (PANA) – The COVID-19 pandemic and Ethiopia’s domestic security situation have created both social and economic challenges, [...] Full text...

thread Economy

Botswana plans to broaden tax base

01 february 2021 - 18:57:17
Gaborone, Botswana (PANA) - Botswana finance minister, Thapelo Matsheka, has announced government's intention to broaden the domestic revenue base to [...] Full text...

thread Economy

COVID-19 exacerbates South Africa’s growth, fiscal vulnerabilities - IMF

28 january 2021 - 10:15:57
Tshwane, South Africa (PANA) – The resurgence of infections and the protracted vaccination procurement and distribution processes will likely weigh [...] Full text...

thread Economy

IMF Board approves US$28.8 million disbursement to Gambia

16 january 2021 - 09:13:09
Banjul, Gambia (PANA) - The Executive Board of the International Monetary Fund (IMF) Friday completed the first review of The [...] Full text...

thread Economy

Coronavirus: Liberia’s growth forecast indicates high downside risks - IMF

22 december 2020 - 12:08:51
Monrovia, Liberia (PANA) – Though the authorities in Liberia have taken the necessary steps to stabilise the economy amid multiple [...] Full text...

thread Economy

AfDB Board of Directors approves borrowing programme for 2021

20 december 2020 - 14:24:36
Abidjan, Core d'Ivoire - The Board of Directors of the Board of Directors of the African Development Bank (AfDB) has [...] Full text...

thread Economy

Coronavirus: Situation for Guinea’s informal sector workers worsens - IMF

10 december 2020 - 10:49:53
Conakry, Guinea (PANA) - Guinea faces significant downside risks related to COVID-19 pandemic, according to the International Monetary Fund (IMF) [...] Full text...

thread Economy

Second IFAD credit rating to help increase investments against poverty, hunger

19 november 2020 - 12:56:55
Rome, Italy (PANA) - The prospect of eradicating hunger and poverty received a boost on Thursday as the UN’s International [...] Full text...

thread Agriculture

Coronavirus: Pandemic dents Guinea’s growth but external support mitigates impact

29 october 2020 - 10:32:01
Conakry, Guinea (PANA) - Guinea’s overall growth is expected to exceed 5% this year, although non-mining sectors in the West [...] Full text...

thread Economy

Coronavirus: Pandemic continues to severely affect Cape Verde economy - IMF

27 october 2020 - 13:28:10
Praia, Cape Verde (PANA) – Though a recovery is expected in 2021 with real GDP growth at 4.5 percent, the [...] Full text...

thread Economy

Debt burden of LDCs continues to climb to a record $744 billion in 2019

12 october 2020 - 15:29:30
Washington, US (PANA) - In response to an urgent need for greater debt transparency, the latest edition of the International [...] Full text...

thread Economy

Nigeria: President Buhari presents 2021 federal budget to national assembly

08 october 2020 - 17:38:32
Abuja, Nigeria (PANA) – President Muhammadu Buhari on Thursday presented the 2021 budget proposal of N13.08trillion to the National Assembly [...] Full text...

thread Economy

Coronavirus: African finance ministers discuss debt restructuring to navigate coronavirus pandemic

02 october 2020 - 21:37:31
Addis Ababa, Ethiopia (PANA) – The UN Economic Commission for Africa (ECA) has led African ministers of finance and development [...] Full text...

thread Economy

Zambia’s 2020 budget fails to 'adequately tackle' the debt crisis, says advocacy group

30 september 2020 - 11:13:38
Lusaka, Zambia (PANA) - The Jesuit Centre for Theological Reflection (JCTR) in Zambia has said that the 2021 National Budget [...] Full text...

thread Economy

IMF approves Sudan’s reform programme heading for debt relief

24 september 2020 - 09:32:34
Khartoum, Sudan (PANA) - The Executive Board of the International Monetary Fund (IMF) has endorsed Sudan’s Staff-Monitored Programme (SMP) which [...] Full text...

thread Economy

Nigerian president Buhari justifies hike in govt borrowing to fund infrastructure

16 september 2020 - 11:35:48
Abuja, Nigeria (PANA) – President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans [...] Full text...

thread Economy

Coronavirus: Pandemic creates large health, social needs in Ethiopia – IMF

22 august 2020 - 20:03:52
Addis Ababa, Ethiopia (PANA) -  Ethiopian authorities and a team from the International Monetary Fund (IMF) have reached a staff-level [...] Full text...

thread Economy

Tunisia's budget deficit rises by 56 per cent, says Finance Ministry

06 august 2020 - 12:35:36
Tunis, Tunisia (PANA) - Tunisia's budget deficit increased by 56 per cent in the first half of 2020, according to [...] Full text...

thread Economy

Coronavirus: IMF approves additional US$68.49 million disbursement for Chad

23 july 2020 - 09:18:12
Ndjamena, Chad (PANA) – Chad has secured a second disbursement in three months from the International Monetary Fund (IMF) to [...] Full text...

thread Economy

African housing financier Shelter Afrique nears complete turnaround

14 july 2020 - 21:31:15
Nairobi, Kenya (PANA)  – African housing development financier, Shelter Afrique, is moving towards full business recovery after reporting a massive [...] Full text...

thread Economy

Zimbabwe dollar falls 11.14% on the second day of forex auction

30 june 2020 - 16:59:22
Harare, Zimbabwe (PANA) - The Zimbabwe dollar (ZWL) depreciated 11.14 percent, against the greenback, to reach US$1:ZWL63.74 on the second [...] Full text...

thread Economy

COVID-19: Credit rating slides from stable to negative in Botswana

30 may 2020 - 19:41:54
Gaborone, Botswana (PANA) - International think-tanks at Moody’s have changed Botswana’s sovereign credit rating from stable to negative, authorities at [...] Full text...

thread Economy

Reserve Bank of Zimbabwe slashes interest rates by 40 percent to stimulate growth

29 april 2020 - 17:56:06
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has reviewed downwards interest rate to 15 from 25 percent [...] Full text...

thread Economy

Coronavirus: IMF approves US$130 million support for Mauritania to address pandemic

24 april 2020 - 07:26:34
Nouakchott, Mauritania (PANA) – Mauritania has secured US$130 million as emergency support to be drawn under the Rapid Credit Facility [...] Full text...

thread Economy

COVID-19: IMF approves US $21.13 million outlay for Sierra Leone

04 april 2020 - 07:55:35
Freetown, Sierra Leone (PANA) – The International Monetary Fund (IMF) has approved disbursement of US $21.13 million to Sierra Leone, [...] Full text...

thread Health

IMF approves US$23.5 million for Guinea to meet needs created by COVID-19 crisis

02 april 2020 - 10:58:41
Conakry, Guinea (PANA) – Completing the fourth review of Guinea’s economic performance under the Extended Credit Facility (ECF), the Executive [...] Full text...

thread Economy

How the coronavirus could affect Zimbabwe's already failing economy (By Tatira Zwinoira, PANA Correspondent)

18 march 2020 - 20:22:07
Harare, Zimbabwe (PANA) - Zimbabwe's President Emmerson Mnangagwa, finally declared the coronavirus (COVID-19) a national disaster on Tuesday. This came as [...] Full text...

thread Economy

IMF advises Mauritanian authorities to prepare for possible outbreak of coronavirus

13 march 2020 - 14:08:52
Nouakchott, Mauritania (PANA) - The current international environment marked by the coronavirus pandemic is expected to weigh on Mauritania owing [...] Full text...

thread Economy

IMF mission says Tanzania’s economic activity impressive

06 march 2020 - 19:18:16
Dar es Salaam, Tanzania (PANA) – Tanzania’s pace of economic activity has increased in recent months prompted by higher public [...] Full text...

thread Economy

IMF says Zimbabwe’s economic reform programme now off-track

27 february 2020 - 11:44:45
Harare, Zimbabwe (PANA) – Zimbabwe faces an economic and humanitarian crisis exacerbated by policy missteps and climate‑related shocks, while the [...] Full text...

thread Economy

Mauritius public sector debt up by Rs 6 billion in five months

19 february 2020 - 13:58:54
Port Louis, Mauritius (PANA) – The Mauritian Ministry of Finance, Economic Planning and Development on Wednesday announced that between end [...] Full text...

thread Economy

Reserve Bank of Zimbabwe projects annual inflation rate of 50 percent by year end

16 february 2020 - 14:28:43
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) projects the annual inflation rate to reach 50 percent by [...] Full text...

thread Economy

IMF reaches staff-level deal with The Gambia on ECF supported programme

12 february 2020 - 12:35:28
Banjul, Gambia (PANA) – Observing that The Gambia has built a positive track record of performance and advanced its structural [...] Full text...

thread Economy

Botswana stock market change lending, borrowing set up

04 february 2020 - 20:19:12
Gaborone, Botswana (PANA)  -  The Central Securities Depository Company of Botswana (CSDB) Tuesday announced its intentions to draft securities borrowing [...] Full text...

thread Economy

Nigeria's debt stock to GDP reduced from 19.09 per cent in 2018 to 19.99 per cent in 2019

21 december 2019 - 19:59:11
Abuja, Nigeria (PANA) – Nigeria’s Debt Management Office (DMO) says the nation’s debt stock to Gross Domestic Product (GDP) was [...] Full text...

thread Economy

IMF approves US$2.9 billion ECF and EFF arrangements for Ethiopia

21 december 2019 - 13:15:41
Addis Ababa, Ethiopia (PANA) - Ethiopian authorities have secured vital support of the International Monetary Fund for implementation of their [...] Full text...

thread Economy

Nigeria: Buhari signs 2020 budget bill into law

17 december 2019 - 20:26:35
Abuja, Nigeria (PANA) - Nigeria’s President Muhammadu Buhari Tuesday signed the 2020 appropriation bill into law, official sources confirmed to [...] Full text...

thread Economy

IMF Board says Mauritania registers strong growth, set to accelerate to 6.9% this year

12 december 2019 - 19:05:16
Nouakchott, Mauritania (PANA) - The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the fourth review of [...] Full text...

thread Economy

Tagdal recognised as the eleventh national language of Niger

09 december 2019 - 18:41:18
Niamey, Niger (PANA) - Niger's legislators have approved the law establishing Tagdal as the eleventh national language in the country, [...] Full text...

thread Society

Nigeria: Buhari seeks Senate approval for foreign loan

28 november 2019 - 17:12:56
Abuja, Nigeria (PANA) – Nigeria’s President, Muhammadu Buhari, on Thursday forwarded a request to the Senate to reconsider and approve [...] Full text...

thread Economy

IMF, The Gambia gov’t launches REOS-SA

27 november 2019 - 23:11:31
Banjul, Gambia (PANA)  -  The International Monetary Fund (IMF), in collaboration with the ministry of finance and economic affairs, Wednesday [...] Full text...

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Botswana could host African Guarantee Fund’s regional hub

21 november 2019 - 21:01:39
Gaborone, Botswana (PANA) - Following a Board Meeting held in Gaborone on Thursday, 21 Nov., 2019, African Guarantee Fund for [...] Full text...

thread Economy

Reserve Bank of Zimbabwe halves interest rates to 35 percent

19 november 2019 - 05:49:15
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) has halved its interest rates to 35 percent in support [...] Full text...

thread Economy

Gambia plans to roll out National Health Insurance Scheme in 2020

06 november 2019 - 14:55:53
Banjul,Gambia (PANA)- The Gambia government has discussed and approved the 2020 budget estimates as well as the  development plans, including [...] Full text...

thread Health

IMF says Ghana's macroeconomic outlook 'remains favourable'

25 october 2019 - 11:34:59
Accra, Ghana (PANA) - The International Monetary Fund (IMF) says Ghana’s macroeconomic outlook remains favourable, supported by strong activity in the [...] Full text...

thread Economy

Tunisia's new president sues for respect for law

23 october 2019 - 22:04:06
Tunis, Tunisia (PANA) - In his first address to the nation, Tunisia's new president, Kais Saied, on Wednesday focused on [...] Full text...

thread Politics

Major challenges lie ahead for the next Tunisian government, say experts

23 october 2019 - 16:43:38
Tunis, Tunisia (PANA) - The next Tunisian government, which is currently being shaped, will face burning challenges on economic and [...] Full text...

thread Politics

IMF underscores transparent, prudent revenue management in Mauritania

12 october 2019 - 09:07:40
Nouakchott, Mauritania (PANA) – While economic growth in Mauritania could exceed 6 percent next year, continued prudent policies are needed [...] Full text...

thread Economy

Reduced consumption, investors’ wait-and-see attitude slow Nigeria’s recovery

09 october 2019 - 09:11:55
Abuja, Nigeria (PANA) – Nigeria’s pace of economic recovery remains slow, as depressed private consumption and investors’ wait-and-see attitude kept [...] Full text...

thread Economy

Congo forecasts real GDP growth of 2.6 percent in 2020

08 october 2019 - 12:30:12
Brazzaville, Congo (PANA) –  The Congolese government is forecasting real gross domestic product (GDP) growth of 2.6 percent in 2020 [...] Full text...

thread Economy

Sudanese leaders visit Saudi Arabia

06 october 2019 - 17:18:02
Khartoum, Sudan (PANA) - Sudanese President Lt. Gen. Abdul Fatah Al-Burhan, accompanied by his prime minister, Dr Abdullah Hamdouk, on [...] Full text...

thread Politics

Debt stocks of developing countries rose to $7.8 trillion in 2018 - World Bank report

02 october 2019 - 14:46:29
Washington, US (PANA) - Total external debt of low- and middle-income countries climbed 5.3 percent to $7.8 trillion last year, [...] Full text...

thread Economy

Cote d'Ivoire: French Fintech FairMoney raises 10m Euros for expansion in emerging markets

16 september 2019 - 20:59:32
Abidjan, Cote d'Ivoire (PANA)   -   FairMoney, a Paris-based French Fintech, announced here Monday a ten-million-euro fundraiser from Flourish Ventures, the [...] Full text...

thread Economy

Zimbabwe's central bank to print 1.77 billion zimbabwe dollars

14 september 2019 - 16:11:38
Harare, Zimbabwe (PANA) - The Reserve Bank of Zimbabwe (RBZ) will make a substantial injection of cash of about $1.77 [...] Full text...

thread Economy

Sudanese market lifts British American Tobacco Kenya sales, profits up by 25%

19 july 2019 - 19:02:40
[...] Full text...

thread Economy

WAIFEM training on sovereign borrowing from Global capital market opens in Banjul

15 july 2019 - 23:36:28
Banjul, The Gambia (PANA)   -   The West African Institutes for Financial Economic Markets (WAIFEM) Monday began a five-day training on sovereign [...] Full text...

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Mauritius Govt. to bring public debt to GDP ratio to 60% by June 2021

09 july 2019 - 16:21:08
Port-Louis, Mauritius (PANA) – Mauritian Prime Minister Pravind Jugnauth on Tuesday told Parliament that the government is firmly committed to [...] Full text...

thread Economy

Control expenditure to avoid increase in money supply - Zimbabwe economists tell government

02 july 2019 - 23:43:52
Harare, Zimbabwe (PANA)   -   Experts here have warned Zimbabwean authorities to control their expenditure to avoid money supply that will [...] Full text...

thread Economy

IMF approves immediate disbursement of US$22.1 million to Benin

22 june 2019 - 08:29:32
Washington, US (PANA) – Approving Benin’s “very satisfactory” performance under the Extended Credit Facility (ECF) arrangement, the Executive Board of [...] Full text...

thread Economy

Guinean mining revenues increase by 46 pct - EITI

15 june 2019 - 11:43:51
Conakry, Guinea (PANA)   -   Guinea has since 2014 witnessed a growing trend in its mining sector, driven mainly by bauxite, [...] Full text...

thread Economy

Botswana’s National Development Bank diversifies its financing

11 june 2019 - 10:40:27
Gaborone, Botswana (PANA) - The National Development Bank of Botswana (NDB), which has been always been known locally as the [...] Full text...

thread Agriculture

World Bank downgrades global growth forecasts, poorest countries hardest hit

06 june 2019 - 05:04:13
Washington, DC., US (PANA) - The World Bank has lowered its expectations of global economic growth for this year in [...] Full text...

thread Economy

IMF says Zimbabwe's 2019 economic prospects remain bleak

01 june 2019 - 17:05:21
Harare, Zimbabwe (PANA) - The International Monetary Fund (IMF) says the Staff Monitored Program will likely need to be recalibrated [...] Full text...

thread Economy

Kenya seeks $750 million loan from World Bank

29 may 2019 - 13:28:02
Nairobi, Kenya (PANA) - Kenya’s Treasury has reached out to the World Bank for a US$750 million loan to support [...] Full text...

thread Economy

Former Zimbabwe central bank governor Moyana says working on book for economic inspiration

28 may 2019 - 22:50:32
Harare, Zimbabwe (PANA)   -   Former Reserve Bank of Zimbabwe (RBZ) governor Kombo James Moyana said here Tuesday he was working [...] Full text...

thread Economy

ADB lends Uganda $20m to spur SMEs growth

25 may 2019 - 17:20:48
Kampala, Uganda (PANA)   -   The African Development Bank (ADB) has advanced a loan of $20m to the government of Uganda [...] Full text...

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President Barrow commends Gambian workers for redoubling efforts towards economic growth

30 april 2019 - 20:51:51
Banjul, Gambia (PANA)   -   Gambian President Adama Barrow said here Tuesday the good performance of the economy demonstrated that Gambian [...] Full text...

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Kenya Airways struggles on recovery path, net loss down to US$75 million in 2018

30 april 2019 - 19:51:02
Nairobi, Kenya (PANA) – Kenya Airways (KQ's) path to balance sheet recovery has narrowed substantially from its peak full year [...] Full text...

thread Economy

Ugandan popstar politician under house arrest for second day running

23 april 2019 - 16:50:53
Kampala, Uganda (PANA) - A Ugandan popstar who is eyeing the presidency is under house arrest for the second consecutive [...] Full text...

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Private sector, key partner in economic growth - says Botswana minister

04 april 2019 - 18:49:56
Gaborone, Botswana (PANA) - The Botswana minister of investment, trade and industry, Bogolo Kenewendo, says the government has long identified [...] Full text...

thread Economy

Zimbabwe govt introduces public debt management regulations

01 april 2019 - 23:12:29
Harare, Zimbabwe (PANA)  -  The Zimbabwe government has introduced public debt management regulations in to curb its ballooning national debt [...] Full text...

thread Economy

Ghana successfully exits extended $926 mln IMF aid deal - IMF

21 march 2019 - 10:05:42
Accra, Ghana (PANA) - The International Monetary Fund (IMF) on Wednesday confirmed a successful completion of its extended aid programme [...] Full text...

thread Economy