Africa will account for eleven of the world's 20 fastest growing economies by 2024, according to a recent report on the continent's Macroeconomic Performance and Outlook (MEO), released by the African Development Bank. The continent is expected to remain the second fastest growing region after Asia. O...
The managing director of the International Monetary Fund (IMF) said Wednesday at an investor forum in Riyadh, Saudi Arabia, that the war between Israel and Hamas is already affecting the economies of neighboring countries. "Look at the neighboring countries: Egypt, Lebanon, Jordan, where the impacts are already visible," said Kristalina Georgieva, quoted by...
Standard & Poor's says that increased demand for minerals such as cobalt or graphite to support diversification away from polluting fuels will benefit sub-Saharan African economies, including Mozambique. According to Standard & Poor's (S&P) analysts, "several economies in sub-Saharan Africa that export raw materials, especially those located in...
The United Nations Economic Commission for Africa (UNECA) said Saturday that the increase in debt-to-GDP from 57% in 2019 to 66% this year is hampering the recovery of African economies. "The covid-19 pandemic and the Russia-Ukraine war is having a negative impact on countries' fiscal performance...
The UN secretary-general has called on the heads of the world's 20 major economies for an inclusive economic recovery for developing countries hit by the impacts of the pandemic, the war in Ukraine and escalating climate emergencies. António Guterres made this appeal in a letter sent Thursday to finance ministers and central bank leaders...