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21 Jun 17
Bold measures to reform Zimbabwe’s public spending are needed to lift the country out of financial crisis and sustain growth, the World Bank has said.
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20 Jun 17
South Africa’s central bank has hit back at an attempt to interfere with its mandate by the country’s Public Protector, an anti-corruption agency.
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15 Jun 17
Governments around the world must do more to support Uganda and other nations shouldering the greatest burden from South Sudan’s refugee exodus, a newly formed council for refugees has stressed.
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15 Jun 17
Business confidence in South Africa has slumped to its lowest since 2009 after a third ratings agency downgraded the country’s debt last week.
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13 Jun 17
The International Monetary Fund has released $314.4m to Tunisia, rewarding the government’s efforts towards economic stability.
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12 Jun 17
The African Development Bank is to work with the continent’s central banks to help reduce the high levels of capital pouring out of Africa.
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7 Jun 17
The economic damage to the Qatari economy of five other Arab states suddenly severing their ties with the country will depend on the duration of the dispute, according to Fitch Ratings.
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6 Jun 17
South Africa’s economy slipped back into recession for the second time in 10 years in the first three months of 2017.
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6 Jun 17
Nigeria’s total public debt rose to $62.9bn at the end of March this year, as the country struggles to deliver its spending plans amid its first recession in a quarter of a century.
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6 Jun 17
Iraq is to pass a supplementary budget in order to secure an $800m loan tranche from the International Monetary Fund.
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5 Jun 17
South Africa has avoided further damaging downgrades from ratings agencies in the past week, but continuing political turmoil remains a risk.
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30 May 17
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26 May 17
A climate risk insurance instrument backed by a number of global institutions failed Malawi when the country most needed it, ActionAid has said.
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24 May 17
African nations are subsiding countries far richer than they, research by a group of development charities has found.
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23 May 17
The African Development Bank’s group president has made an economic case for investment in action against malnutrition.
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19 May 17
The International Monetary Fund has lifted its growth forecast for South Africa to 1% as two factors weighing on the economy – drought and depressed commodity prices – dissipate.
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19 May 17
More innovative approaches could be key to tackling the scourge of corruption in Nigeria, a report by Chatham House has concluded.
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18 May 17
Saudi Arabia could slow down its efforts to balance the budget, but still needs a substantial programme of tax increases and spending cuts in the long run, the International Monetary Fund has said.
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17 May 17
Jordan cut its combined public sector deficit by 3.3 percentage points between 2015 and 2016, the International Monetary Fund has found.
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16 May 17
The International Monetary Fund has urged Zimbabwe to rein in its spending to bring its ballooning deficit back down to a sustainable level.
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15 May 17
China has pledged to spend over $120bn in support of its ambitious development plan centred on building trade and connectivity infrastructure across Asia, Africa and Europe.
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12 May 17
Nigerian lawmakers have passed a record budget for 2017, worth 7.44trn naira ($24.4bn), to hoist the country out of its first recession in a quarter of a century.
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10 May 17
The US has suspended $21m in aid to Kenya’s Ministry of Health due to concerns over “weak accounting procedures”.
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10 May 17
Sub-Saharan African governments’ sluggishness in getting their public finances back on track has hit growth, the International Monetary Fund has said, trimming its 2017 forecast for the region to 2.6...
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5 May 17
The World Bank is to resume aid payments directly into Malawi’s budget, becoming the second donor to end an aid freeze to the country following high-level corruption revelations in 2013.