Economy

IMF approves $689.5 million financial arrangements for Cameroon

The executive board of the International Monetary Fund (IMF) on Thursday approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Cameroon for about $ 689.5 million to support the country’s economic and financial reform program.

IMF approves fresh $553.2 million financial support for Gabon

xecutive board of the International Monetary Fund (IMF) on Wednesday approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Gabon for about $553.2 million "to navigate the COVID-19 pandemic crisis and support the implementation of the authorities’ 2021–23 Economic Recovery Strategy." The board’s approval allows for an immediate disbursement equivalent to US$115.25 million for budget support.

White House says Biden’s economic plan “is working” as consumer confidence hits highest level since February 2020

The White House on Tuesday said President Joseph R. Biden's economic plan is working after the Consumer Confidence Index – a measure of consumers’ assessments of the economy – hit its highest level since February 2020.

IMF approves disbursement of $44.2 million to Sierra Leone to support recovery from COVID-19 economic turmoil

The executive board of the International Monetary Fund (IMF) on Tuesday approved a new disbursement of $44.2 million to Sierra Leone to support "the government’s policy and reform efforts aimed at reinforcing the country’s recovery from the pandemic, preserving macroeconomic stability, and sustaining inclusive long-term growth."

U.S., World Bank Group agree to “coordinate action” to “alleviate suffering” in Ethiopia’s Tigray region

The discussions took place on Thursday when the U.S. Agency for International Development (USAID) Administrator Samantha Power met virtually with World Bank Group (WBG) President David Malpass.

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Amnesty International calls on Nobel Prize winning Prime Minister of Ethiopia Abiy Ahmed to account for all missing persons following Hachalu Hundesa’s killing

The administration of Abiy Ahmed, the Nobel Prize winning Prime Minister of Ethiopia, must immediately reveal the whereabouts of dozens of politicians and journalists who were arrested alongside other people following widespread protests that erupted after the killing of Hachalu Hundesa, Amnesty International has said.

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Human Rights Watch concludes Abiy Ahmed’s soldiers bombed civilians to death, schools, hospitals and markets in Tigray region

Humera and Shire, killing at least 83 civilians, including children, and wounding over 300.

Human Rights Watch calls on Ethiopia’s Nobel Peace Prize winning Abiy Ahmed to restore internet and phone services in Oromia

The Ethiopian government should immediately lift the shutdown of internet and phone communications in the Oromia region, Human Rights Watch said on Monday. The two-month-long shutdown has prevented families from communicating, disrupted life-saving services, and contributed to an information blackout during government counterinsurgency operations in the area, the respected human rights organization added in a statement.

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