African countries will require continued financial support to overcome coronavirus economic turmoil, argue IMF’s Kristalina Georgieva and Gita Gopinath
Even after the novel coronavirus pandemic had been successfully defeated, or at least brought under control, low-income countries, many in Sub-Saharan Africa, will require continued financial support from the international community to overcome the economic turmoil...
World's finance ministers are coming together at a High-Level Meeting of Finance Ministers and provide their views on a menu of policy options to address the urgent financing for development crisis...
The African Union said on Tuesday it was dismayed by the ill treatment of African migrants in the Middle East.The African Union Commission said while the root causes might be different in...
President Cyril Ramaphosa says the decrease in South Africa’s gross domestic product during the second quarter of 2020 reflects the severe impact of the global coronavirus pandemic on the economy and should spur all South Africans...
West African leaders attend ECOWAS summit in Niger to discuss COVID-19, single currency, terrorism and democracy
West African leaders would gather in person on Monday in Niamey, the capital of Niger Republic, to participate in the Fifty-Seventh Ordinary Session of the ECOWAS Authority of Heads of State and Government.
Addressing systemic racism is a moral imperative; it can also make economies stronger, Joseph Losavio, a specialist on cities, infrastructure, and urban services at the World Economic Forum, says in this opinion article titled "What racism costs...
The African Development Bank President Akinwumi Adesina on Tuesday set a bold agenda for the next five years."As we look to the future, working with the Board of Directors, the Bank...
IMF economists warn low-income developing countries should get help now or risk ‘lost decade’ amid COVID-19
Three economists at the International Monetary Fund (IMF) have warned that low-income developing countries should get help now or risk a lost decade amid the still raging coronavirus pandemic.In their blog post...
Middle East and North Africa’s billionaires’ wealth increased by $10 billion since COVID-19 crisis began, enough to pay Beirut blast repair bill
The 21 billionaires in the Middle East and North Africa (MENA), all of them men, saw their wealth increase by nearly $10 billion since the start of the COVID-19 crisis, almost double the estimated amount required...
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.
Less than 50% of working-age women are in the labour market, a figure that has barely changed over the last quarter...
South Africa has launched a $6 billion (R100 billion) COVID-19 employment stimulus to be implemented over the next three years.
The Principality of Andorra joined the International Monetary Fund (IMF) on Friday, becoming the Fund's 190th member.Ambassador...
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