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Tag: International Monetary Fund
Red Sea crisis to affect global trade, fuel inflation in Africa and beyond
Escalating attacks by Yemen’s Houthi rebels on ships in the Red Sea have not only unraveled a key global trade route, sending shipping and insurance ... Read More
WEF report 2024: sub-Saharan Africa to see moderate growth amid economic uncertainty
World Economic Forum’s (WEF) annual survey of chief economists from the public and private sector is relatively upbeat about Africa, with 65% of them expecting ... Read More
AU chief calls for ‘positive competition’ from Europe in bid to counter China’s growing clout
As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for ... Read More
Africa’s dollar drought pushes more continent’s countries to economic crises
Africa is in the grip of a dollar drought and the current continent-wide scarcity of the US dollar is further pushing many already beleaguered African ... Read More
Kais Saied fires Minister of Economy
Tunisia’s President fired Tuesday October 17 the country’s Minister of Economy Samir Saïed amid economic hardship that has gripped the North African country. Saied’s office ... Read More
African govts in fiscal bind amid high interest rates and debt squeeze
With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to ... Read More
Russia invites Tunisia’s top diplomat Nabil Ammar to Moscow to bolster ties
Nabil Ammar, Tunisia’s Foreign Minister, is expected in Moscow on September 26 at the invitation of his Russian counterpart Sergei Lavrov, in a bid to ... Read More
Saudi Arabia to provide Tunisia $500m as soft loan and grant
Saudi Arabia will give Tunisia $500 million as a soft loan and a grant to help improve its public finances with the national budget suffering ... Read More
DR Congo, UAE sign $1.9bln mining deal
The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country ... Read More
IMF praises Chad’s debt restructuring deal
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva hailed Wednesday the progress made in restoring debt sustainability globally including Chad, at a meeting of ... Read More