Tag: IMF

Sub-Saharan Africa urged to maximize revenues from critical minerals boom — IMF

May 6, 2024

The sub-Saharan African region that holds about 30% of the world's proven critical mineral reserves can be transformed if it can take the opportunity to ... Read More

IMF hails resilience of Morocco’s economy to recent shocks

May 2, 2024

The International Monetary Fund has praised the resilience shown by Moroccan economy to challenging external conditions. Despite water scarcity, the September 2023 earthquake, and country’s ... Read More

IMF sees Morocco’s economic growth at 3.1% in 2024, 3.3% in 2025

April 18, 2024

The IMF said Morocco’s economic growth would pick up slightly to 3.1% this year and 3.3% next year, forecasting a return of inflation to pre-pandemic ... Read More

IMF gives go-ahead for $8 billion loan to Egypt

March 31, 2024

The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its ... Read More

Morocco-IMF cooperation prospects reviewed in Washington

March 22, 2024

Cooperation prospects between Morocco and the International Monetary Fund, in view of the World Bank and IMF Spring Meetings, scheduled in Washington April 17-19, were ... Read More

Egypt inks ‘historic’ $35bn deal with UAE, hoping to ease dollar squeeze, save economy

February 26, 2024

Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, ... Read More

IMF highlights resilience of Moroccan economy against external shocks

February 22, 2024

The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the ... Read More

Red Sea crisis to affect global trade, fuel inflation in Africa and beyond

January 30, 2024

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

Africa’s dollar drought pushes more continent’s countries to economic crises

November 21, 2023

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

IMF warns of Africa’s vulnerability to China’s slowing economy

November 1, 2023

While millions of dollars are being channeled to African financial institutions as part of Chinese President Xi Jinping’s $10 billion plan for the continent, the ... Read More