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7 Aug 20
Disaster relief to help Beirut rebuild after the blast killed at least 145 people and left 300,000 homeless will be conditional on Lebanon enacting anti-corruption reforms, French president Emmanuel...
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31 Jul 20
Covid-19 has shown that South Africa needs to improve its social protection system to ensure everyone living in poverty is supported, economists have argued in a report into the country.
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23 Jul 20
South Africa has been granted its first ever crisis loan from the African Development Bank as it struggles against one of the world’s most serious outbreaks of Covid-19.
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14 Jul 20
Urgent reforms could save the Algerian government $20bn by the end of the year, the country’s president has told ministers.
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13 Jul 20
The head of Nigeria’s official anti-corruption agency has been suspended after the body was accused of diverting funds recovered as a result of its investigations.
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7 Jul 20
Saudi Arabia has begun the process of implementing Vision 2030: a plan to transform the nation into a major global economy. This programme was founded upon three key themes: a vibrant society, a...
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3 Jul 20
Namibia is looking to set up a sovereign wealth fund to secure savings for its future, the country’s government has said.
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2 Jul 20
Nearly $8bn of aid has been raised for Syria in just one day at a donor conference in Brussels.
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24 Jun 20
Covid-19 has more than doubled South Africa’s projected consolidated budget deficit, the country’s finance minister said, as he delivered a special adjustment budget to deal with the virus.
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22 Jun 20
Many African countries struggling with the health and economic effects of Covid-19 are relying on rapid help from the IMF to get them through the crisis, but are being told to “keep the receipts” as...
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19 Jun 20
Egypt is pushing forward with plans to create a universal health insurance system to support its most vulnerable citizens, with the first phase financed by a loan from the World Bank.
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2 Jun 20
The shock of Covid-19 combined with years of declining foreign aid has left the Palestinian Authority with a “monumental task” to save its economy and protect its public finances, a World Bank...
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29 May 20
United Nations agencies working in Yemen have called for financial help, suggesting most of their programmes in the country face running out of money “within weeks”, following a slump in donations...
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26 May 20
Cranfield University School of Management lecturer Dr Matthias Nnadi explores how policies that encourage and protect whistleblowers could solve the problem of corruption in Africa.
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15 May 20
Egypt’s request for a $2.7bn emergency loan to help offset the financial impact of the coronavirus pandemic has been approved by the International Monetary Fund.
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12 May 20
Saudi Arabia is set to suspend the living allowance for state employees, in a bid reduce spending amid an economic outlook hit by plunging oil prices and the coronavirus pandemic.
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30 Apr 20
Nigeria has been given an emergency $3.4bn support package from the IMF to deal with the economic impact of coronavirus and the sharp fall in oil prices.
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24 Apr 20
South African president Cyril Ramaphosa has announced a Covid-19 economic rescue package equivalent to 10% of his country’s GDP.
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24 Apr 20
The fiscal deficit caused by the collapse of oil prices and the coronavirus pandemic could force Saudi Arabia to borrow about $26bn more than it planned this year, as well as draw down up to $32bn...
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14 Apr 20
The IMF has wiped six months of debt repayments for 25 of the world’s poorest countries, to give them space to deal with the coronavirus pandemic.
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14 Apr 20
A new $10bn fund has been announced by the African Development Bank to help the continent’s governments respond to the coronavirus pandemic.
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7 Apr 20
Nigeria has asked for nearly $7bn from multilateral lenders to help it fight the impact of the coronavirus pandemic after its economy was hit by falling oil prices.
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26 Mar 20
The impact of COVID-19 and the oil price plunge in the Middle East and the Caucasus and Central Asia has been substantial and could intensify, says Jihad Azour.
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26 Mar 20
Somalia has been successfully granted debt relief by the International Monetary Fund and World Bank, as it looks to ease its $5.2bn debt.
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24 Mar 20
The US has reduced the amount of aid it will send to Afghanistan this year by $1bn, in response to politicians’ failure to agree a unity government.