Tag: IMF

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IMF lowers Sub-Saharan Africa growth forecasts

Sub-Saharan Africa's economic growth will shrink for a second year in a row in 2023 before rebounding in 2024, the International Monetary Fund (IMF)...

IMF says global economy ‘limping along,’ cuts growth forecast for China, euro area

The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and...

Ghana: Signs of economic stabilisation are emerging, says IMF

The International Monetary Fund (IMF) has said Ghana's strong policy and reform commitment under the Fund's programme is bearing fruit and signs of economic...

Moody’s downgrades Egypt deeper into junk territory

Moody's on Thursday downgraded Egypt's credit rating by a notch to 'Caa1' from 'B3', citing the country's worsening debt affordability. Egypt has been facing an economic...

Emerging economies face China and rate pressures as IMF, World Bank meet

Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China's slowing economy adding layers of uncertainty while...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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