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Economy
Treasury Secretary Yellen says U.S. economy not in recession
Debunks misperception that it is exclusively based on GDP, points to historically strong labor market and solid consumer spending
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Jennifer Lester to retire as IMF Director of Corporate Services and Facilities
Jennifer Lester, Director of the International Monetary Fund’s (IMF’s) Corporate Services and Facilities Department, will retire on October 31 after...
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Gerry Rice to retire as IMF Director of Communications on December 1
Gerry Rice will retire on December 1 as Director of the Communications Department of the International Monetary Fund (IMF), Managing...
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World Bank says it just signed agreement with development partners to provide $100 million to help Sudan fight hunger
The World Bank announced on Thursday that 'at the request of the international community', it has signed a new agreement...
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Chad Implements the International Monetary Fund’s Enhanced General Data Dissemination System
Chad has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential macro-economic and financial...
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IMF Executive Board approves release of $235.6 million to Kenya, part of $2.34 billion mega loan approved in 2021
The Executive Board of the International Monetary Fund (IMF) on Monday approved the immediate release of $235.6 million to Kenya,...
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IMF Executive Board approves $1.046 billion loan for Tanzania to be disbursed within 40 months with immediate release of $151.7 million
The Executive Board of the International Monetary Fund (IMF) on Monday approve over $1 billion loan for Tanzania to be...
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As world celebrates Nelson Mandela International Day, wealth remains widely distributed along racial lines in South Africa
Monday marks Nelson Mandela International Day, which honors the legacy and contributions of the first South African president. As the...
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Angola overtakes Nigeria, produces more oil than any other African nation for second month in a row as global economic uncertainty looms
The Organization of Petroleum Exporting Countries’ (OPECs) reports that Angola's oil production increased from 1.162 million barrels per day in...
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IMF chief Kristalina Georgieva says global economic outlook has ‘darkened significantly’ and global growth will be downgraded this month for 2022 and 2023
The International Monetary Fund Managing Director Kristalina Georgieva said on Saturday that the global economic outlook has 'darkened significantly' and...
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