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27 Oct 23
A preliminary agreement to restructure more than $3bn of Zambian government debt will pave the way for future agreements and release more funding to aid developments, the nation’s finance minister...
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20 Oct 23
Disruption to Israeli economy and attention shifting away from Ukraine are key issues.
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10 Oct 23
The central bank of Morocco has purchased two $100m sustainable development bonds from the World Bank as the region hosts the lender’s joint annual meeting with the International Monetary Fund.
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6 Oct 23
Declining growth in the Middle-East and North Africa will hit livelihoods and hurt long-term development, World Bank economists have said.
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6 Oct 23
Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
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29 Sep 23
Morocco is set to receive a $1.3bn loan from the International Monetary Fund to help resilience against climate change and natural disasters, just weeks after it was hit by a devastating earthquake.
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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5 Sep 23
The South African government is set to close the department that oversees state companies and launch a new holding company to improve management.
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9 Aug 23
A law restricting the rights of the LGBTQ+ community in Uganda undermines inclusion and has led to the World Bank suspending new loans.
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4 Aug 23
A sovereign wealth fund will ensure Lebanon’s hoped-for future oil and gas revenues get proper oversight and management, and therefore help boost economic growth and meet public spending demands, the...
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4 Aug 23
A recent military coup will restrict access to finance and was a key driver in a double credit rating downgrade of Niger, Moody’s has said.
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1 Aug 23
The controversial removal of an expensive fuel subsidy has saved the Nigerian government more than 1trn naira that will fund new social spending including expanding education, president Bola Tinubu...
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28 Jul 23
Ratings agency acts after defence spending increase
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14 Jul 23
The Egyptian government has agreed to sell almost $2bn of state assets to meet the conditions of an IMF bailout.
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11 Jul 23
African nation resilient despite challenges but must accelerate changes
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4 Jul 23
Continued delay to reforms in Lebanon pose “the largest risk to the outlook” of a country now in its fourth year of economic crisis while also limiting external financial help, the International...
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23 Jun 23
Zambia’s bilateral creditors have agreed a deal to restructure billions of dollars worth of loans through the G20’s much-criticised ‘common framework’.
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23 Jun 23
Bahrain’s state investment fund Mumtalakat is increasing its holding in the motor racing and high-end sports car maker.
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14 Jun 23
The South African government is set to rubber stamp reforms that could pave the way for universal healthcare ending a two-tier system.
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13 Jun 23
The European Union has agreed a package of more than €1bn with Tunisia containing significant support for the latter’s border controls, as well as finance linking to other areas of reform.
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13 Jun 23
The Gambia is set to receive the final tranche of a $94m International Monetary Fund development package.
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12 Jun 23
The Nigerian government has suspended the governor of its central bank amid an ongoing investigation.
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9 Jun 23
Libya is too reliant on oil and gas, the International Monetary Fund found in its first review of the economy in a decade – during which analysis was made impossible by war and fragmentation.
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2 Jun 23
The Oman government is set to invest more than £4bn in a bid to reduce the nation’s dependence on fossil fuel revenues.
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30 May 23
Nigeria's elections didn't follow the script. Do they represent the end of business as usual?