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25 Nov 20
A political standoff with the Israeli government has combined with Covid-19 and a pre-existing economic slowdown to leave the Palestinian Authority struggling, the World Bank has said.
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24 Nov 20
Arab countries’ disproportionate reliance on the sectors hit hardest by Covid-19 means they must continue their economic investment to avoid deepening the crisis, the IMF has said.
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23 Nov 20
Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
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17 Nov 20
Saudi Arabia’s sovereign wealth fund will inject 150bn riyals (£30bn) into the Kingdom’s economy in 2021 to help spur its recovery from low oil revenues and Covid-19, the country’s crown prince has...
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3 Nov 20
A new development bank is to be established to help the Ghanaian government boost specific sectors of its economy, after the country obtained a loan from the World Bank.
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29 Oct 20
Government debt is set to rise for the next five years in South Africa, but officials hope to keep public finances sustainable by slashing the deficit, the country’s finance minister said while...
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23 Oct 20
The Omani Sultan has approved a medium-term fiscal plan in the hope of balancing the country’s public finances and decreasing its dependence on oil revenue.
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20 Oct 20
Sudan can seek relief on its $60bn of external debt after its removal from a US list of state sponsors of terrorism, the country’s prime minister has said.
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16 Oct 20
Infrastructure will be key to helping drag South Africa’s economy out of the crisis caused by Covid-19, the country’s president said while announcing an ambitious programme of spending.
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15 Oct 20
The South Sudanese government is preparing to take out a loan to inject money “into the market”, hoping to fight rampant inflation plaguing the economy.
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6 Oct 20
A “city opposed to Apartheid” is being built in South Africa, with the first phase of development having been launched by president Cyril Ramaphosa.
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2 Oct 20
Muhammad Afnan Alam takes an in-depth look at the economic crisis that has engulfed Lebanon, that predates the Beirut explosion and even Covid-19.
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23 Sep 20
Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
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22 Sep 20
Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
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16 Sep 20
Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
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15 Sep 20
Nigerian health workers have begun a strike over demands for an allowance for dealing with Covid-19 patients.
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8 Sep 20
Lebanon’s failure to meet the World Bank’s conditions for the financing of a dam has led to the project being cancelled, losing the country millions of dollars as it still reels from the August...
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4 Sep 20
South Africa’s auditor-general found a “high risk” of fraud and abuse in the country’s multi-billion rand Covid-19 stimulus package, with money having been improperly paid out and serious fears of...
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2 Sep 20
The French Government has warned that Lebanon has eight weeks to outline its governmental reforms if it is to receive disaster relief following the explosion that rocked the nation’s capital Beirut...
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25 Aug 20
Bank of Zambia governor Denny Kalyalya was sacked by Zambian president Edgar Lungu over the weekend, as the country continues discussions with the International Monetary Fund.
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21 Aug 20
Muhammad Afnan Alam outlines the role Sukuks are expected to play this year and beyond in Asia and the Middle East, as Covid-19 and low oil prices shake economies.
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13 Aug 20
Higher funding needs from responding to Covid-19 along with declining oil sales will lead to greater sukuk issuance this year by the largest sovereign issuers, despite its decline as an overall share...
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11 Aug 20
Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.
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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.
25 Nov 20A political standoff with the Israeli government has combined with Covid-19 and a pre-existing economic slowdown to leave the Palestinian Authority struggling, the World Bank has said.
24 Nov 20Arab countries’ disproportionate reliance on the sectors hit hardest by Covid-19 means they must continue their economic investment to avoid deepening the crisis, the IMF has said.
23 Nov 20Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
17 Nov 20Saudi Arabia’s sovereign wealth fund will inject 150bn riyals (£30bn) into the Kingdom’s economy in 2021 to help spur its recovery from low oil revenues and Covid-19, the country’s crown prince has...
3 Nov 20A new development bank is to be established to help the Ghanaian government boost specific sectors of its economy, after the country obtained a loan from the World Bank.
29 Oct 20Government debt is set to rise for the next five years in South Africa, but officials hope to keep public finances sustainable by slashing the deficit, the country’s finance minister said while...
23 Oct 20The Omani Sultan has approved a medium-term fiscal plan in the hope of balancing the country’s public finances and decreasing its dependence on oil revenue.
20 Oct 20Sudan can seek relief on its $60bn of external debt after its removal from a US list of state sponsors of terrorism, the country’s prime minister has said.
16 Oct 20Infrastructure will be key to helping drag South Africa’s economy out of the crisis caused by Covid-19, the country’s president said while announcing an ambitious programme of spending.
15 Oct 20The South Sudanese government is preparing to take out a loan to inject money “into the market”, hoping to fight rampant inflation plaguing the economy.
6 Oct 20A “city opposed to Apartheid” is being built in South Africa, with the first phase of development having been launched by president Cyril Ramaphosa.
2 Oct 20Muhammad Afnan Alam takes an in-depth look at the economic crisis that has engulfed Lebanon, that predates the Beirut explosion and even Covid-19.
23 Sep 20Zambia has asked to suspend debt service payments for six months to allow it to deal with the Covid-19 hit to its public finances.
22 Sep 20Covid-19 and lower yield from oil exports threatened to derail Angola’s efforts at economic recovery, but the IMF has lauded the government’s efforts to keep reforms on track.
16 Sep 20Africa needs fiscal space to deal with the pandemic, and it needs help from its creditors to get it, according to Senegalese president Micky Sall. Author NJ Ayuk explains why this doesn’t go far...
15 Sep 20Nigerian health workers have begun a strike over demands for an allowance for dealing with Covid-19 patients.
8 Sep 20Lebanon’s failure to meet the World Bank’s conditions for the financing of a dam has led to the project being cancelled, losing the country millions of dollars as it still reels from the August...
2 Sep 20The French Government has warned that Lebanon has eight weeks to outline its governmental reforms if it is to receive disaster relief following the explosion that rocked the nation’s capital Beirut...
11 Aug 20Egypt’s progress on economic reforms has stalled while it responds to Covid-19, leading the IMF to agree a $5.2bn package to help see the government through the crisis.
