World Bank to offer countries access to emergency funds from existing loans
February 2, 2024 The World Bank on Thursday said it approved new initiatives to allow member countries hit by natural disasters and other shocks to quickly access emergency funds from…
AfDB head at COP28 urges African exemption from EU carbon tax
December 7, 2023 African countries should be exempted from a plan by the European Union to impose a carbon tax on some imports, the head of the African Development Bank…
Sub-Saharan African economy expected to grow 3.7% next year – Reuters poll
October 20, 2023 The Sub-Saharan African economy is expected to grow 3.7% on average next year despite a worrisome global economic backdrop as falling inflation allows for looser monetary policy,…
Economic crisis: IMF gives tough prescriptions for Nigeria, other sub-Saharan Africa nations
The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments…
Analysis: Debt squeeze leaves sub-Saharan Africa’s governments in fiscal bind
Oct 16, 2023 The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to…
IMF lowers Sub-Saharan Africa growth forecasts
October 10, 2023 Sub-Saharan Africa’s economic growth will shrink for a second year in a row in 2023 before rebounding in 2024, the International Monetary Fund (IMF) said on Tuesday…
Emerging economies face $220 billion in budget cuts amid debt crisis – OxfamÂ
October 9, 2023 Some of the world’s poorest countries face budget cuts topping $220 billion over the coming five years due to a debt crisis that has pushed dozens to…
IMF to hold first meeting in Africa after 50 years, says continent’s youthful population represents tremendous opportunities for region
Sept. 29, 2023 The youthful population of Sub-Saharan Africa represents tremendous opportunities for the region inspite of challenges. The International Monetary Fund (IMF) Director of Communication Department, Julie Kozack, made…
Global debt fell as share of GDP in 2022, may resume rising trend- IMF
September 13, 2023 The International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 for the second year in a…
Niger arrests politicians after coup, other juntas voice support
August 1, 2023 The junta that seized power in Niger last week detained senior politicians on Monday, their party said, defying international calls to restore democratic rule, while fellow military…