Djibouti Sovereign Fund plants to double GDP
By Andualem Sisay Gessesse – Djibouti Sovereign Fund (Fonds Souverain de Djibouti) plans to double the GDP of the East African country within seven years from about $3.7 billion to $7.5 billion.
IMF to release $150 million to Tanzania
A team of the International Monetary Fund (IMF), which concluded its visit to Tanzania said it has concluded it review and plans to release $150 million to the East African country.
Islamic Development Bank Group set to catalyze economic development
The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, announced the signing of 13 significant agreements aimed at catalyzing economic development.
Vulnerable economies fall behind despite resilient global growth
Buffeted by an unprecedented series of shocks, the global economy has shown extraordinary resilience so far.
WTO, ADB collaborate for sustainable economic growth
The WTO Secretariat and the Asian Development Bank (ADB) signed a Memorandum of Understanding (MoU) in Tbilisi, Georgia, on 1 May aimed at bolstering collaborative efforts to drive inclusive and sustainable development…
Securing legal identity for all Africans key to sustainable development
Development experts are calling for political support to accelerate investment in effective civil registration and Vital Statistics (CRVS) systems that will give legal identity to all members of the population.
IMF reflects on Asia economic outlook
By Andualem Sisay Gessesse – Washington DC, USA – On the sidelines of the Spring meetings of the International Monetary Fund (IMF)/World Bank (WB) taking place in Washington DC, Krishna Srinivasan, Director,…
Indebtedness, conflicts affect growth in North Africa. Middle East
The World Bank’s new Middle East and North Africa Economic Update, entitled Conflict and Debt in the Middle East and North Africa, shows that lackluster growth, rising indebtedness and heightened uncertainty due…
New initiative invests in adolescent girls in East Africa
A new program launched today in East Africa marks a significant opportunity for advocates championing the bodily autonomy of adolescent girls.
Congo Republic joins Organization of Southern Cooperation
The Republic of Congo has consolidated its full membership status of the Organization of Southern Cooperation (OSC) with the depositing of the Instrument of Acceptance by Daniel Owassa, Ambassador of the Republic…
African countries dominate world’s top 10 growing economies
African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, according to a report on Recent Economic and Social Developments in Africa by the Economic Commission for…
IMF mission discusses Rwanda’s reform progress
A mission of the International Monetary Fund (IMF) discusses Rwanda’s authorities’ policy priorities and progress on reforms within the context of the third reviews of Rwanda’s Policy Coordination Instrument (PCI) and Resilience…
IMF disburses $120 million for Uganda
The Executive Board of the International Monetary Fund (IMF) on Monday concluded the fifth review of Uganda’s Extended Credit Facility (ECF) Arrangement with immediate disbursement of SDR 90.25 million (about $120 million).
IMF approves $1.3 billion financing for Côte d’Ivoire
The Executive Board of the International Monetary Fund (IMF) on Friday approved about $1.3 billion as a Resilience and Sustainability Facility (RSF) Arrangement for Côte d’Ivoire.