Economy

IMF says Senegalese economy severely hit by COVID-19 would rebound in 2021

The International Monetary Fund (IMF) said on Monday that the Senegalese economy, which has been severely hit by COVID-19 pandemic, would grow by 5 percent in 2021 after shrinking by 0.7 percent this year.

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of its kind film which will be released on the UN YouTube channel and global broadcast networks on...

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across the globe, the 75th session of the United Nations General Assembly will open with a special high-level event underscoring anew...

Top UN economists warn of crises of our own making if global “megatrends” left unchecked

Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on a more sustainable and prosperous path, unless urgent policy interventions to influence them are taken now, the UN Economist Network...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to COVID-19 economic fallout, bringing total disbursements under the Extended Fund Facility (EFF) to $2.5 billion.

World leaders welcome launch of GCA Africa to beat climate change

The Global Center on Adaptation on Wednesday announced the launch of its regional office in Côte d’Ivoire.Hosted by the African Development Bank at its headquarters in the Ivorian capital Abidjan, GCA Africa...

Nigeria is the most prosperous black nation in the world, President Buhari says

Unveiling the theme and logo for the commemorative activities to celebrate 60 years of independence, President Muhammadu Buhari Wednesday in Abuja described Nigeria, Africa’s largest economy, as the most prosperous black nation in the world.

Nigerian president says his administration borrowing billions of dollars to fund infrastructure

Nigerian President Muhammadu Buhari on Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.Speaking at...

IMF economists detail how Sub-Saharan Africa can chart a path for a resilient recovery amid COVID-19 pandemic

In a joint opinion article published on Tuesday and titled "charting a path for a resilient recovery in Sub-Saharan Africa", the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva and the Director of the...

A world in disorder: WHO and World Bank experts say it would take 500 years to spend as much on preparedness as the world...

A new report by the World Health Organization Global Preparedness Monitoring Board, a joint arm of the WHO and the World Bank, warned on Monday that more pandemics would be coming in the future and the world needs...

Latest News

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across...

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

UN calls for bold action for world to recover from COVID-19

Amidst a crisis unlike any other in our lifetimes, with COVID-19 destroying lives and livelihoods across the globe, the 75th session...

Top UN economists warn of crises of our own making if global “megatrends” left unchecked

Five human‑made “megatrends” will  continue to  dominate and frustrate global efforts to put the world on a more sustainable and prosperous...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

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