The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published the Fifth Progress Report – Countdown to 2021 in light of COVID-19 on the implementation of the second phase of the G20 Data Gaps Initiative (DGI-2)....
“Now is be the best time to move towards green economy. It is time to shift towards a more sustainable and emission-free transport system and industrial processes. This is the way to building greener and better...
Trump admin announces new reforms aimed at making it more difficult for skilled foreign workers to acquire H-1B visas
The United States Departments of Labor and Homeland Security on Tuesday announced additional immigration reforms that would make it more difficult for skilled foreign workers to acquire H-1B visas.H-1B visas are granted...
IMF boss Georgieva: Global economy faces ‘long, difficult, uneven and uncertain climb’ from coronavirus turmoil
The global economy faces a 'long, difficult, uneven and uncertain climb' from the coronavirus turmoil, the managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Tuesday."The global economy is...
Trump rejects Democrats’ COVID-19 stimulus offer, meaning millions of voters will continue to suffer until after Election Day
President Donald Trump on Tuesday rejected a COVID-19 stimulus offer put forward by the Democrats to help millions of voters who continue to suffer from the devastating effects of the pandemic.House...
IMF extends immediate debt service relief for 28 eligible low-income countries for another Six months
The Executive Board of the International Monetary Fund (IMF) approved on October 2, 2020, a second six-month tranche of debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT).
South Africa to start releasing more land parcels to black farmers to correct racial injustice and transform agriculture
South Africa would soon start releasing more land parcels to black farmers to transform the country's agricultural landscape by growing a new generation of farmers, President Cyril Ramaphosa announced on Monday.South...
The International Monetary Fund (IMF) has approved an additional disbursement of $101.96 million emergency support to Malawi to respond to COVID-19.This is the second disbursement under the Rapid Credit Facility (RCF), which...
$11 trillion spent globally to respond to coronavirus, 88 percent by high-income countries and 2.5 percent by emerging and developing economies
World leaders say it is time to act and focus on key actions that would assist countries battered by COVID-19 economic turmoil.The pandemic does not seem to affect everyone the same way....
South Africa seeks to generate 11,800 megawatts of additional electricity from renewable sources to add to 30,000 megawatts available
South Africa is seeking to generate 11,800 megawatts of additional electricity from renewable sources to add to the 30,000 megawatts of electricity already available on the national grid, President Cyril Ramaphosa announced on Monday.
October 22, 2020PARTICIPANTS:ABEBE AEMRO SELASSIEDirector, African Department, IMF
Sub-Saharan Africa faces difficult road to recovery amid COVID-19 economic fallout, IMF says in latest economic outlook
Sub-Saharan Africa is facing a difficult road to recovery amid COVID-19 economic fallout, the International Monetary Fund (IMF) said in its...
IMF approves additional $156 million disbursement to Cameroon to respond to COVID-19 economic fallout
The International Monetary Fund (IMF) on Wednesday approved an additional $156 million disbursement to Cameroon to respond to COVID-19 economic fallout.
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