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16 May 24
Sub-Sahara nations making progress on deficits and development
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18 Apr 23
Credit ratings based on a simplistic understanding of African countries’ economies cost those countries’ governments $74.5bn in borrowing costs, researchers at the United Nations have suggested.
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23 Aug 22
Seventeen African countries will have interest-free loans forgiven by China, according to the Chinese foreign minister who also announced plans to use International Monetary Fund reserves and...
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15 Feb 22
While it might be tempting to think adopting international accounting standards might lead to growth, the experience of some African countries suggests that might be optimistic, argues senior...
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20 Dec 21
Poor public finance management systems hinder growth in African countries and risk causing governments electoral troubles – or even violent unrest – in the near future, an academic has warned.
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8 Nov 21
A United Nations short-term lending facility aimed at reducing Africa’s borrowing costs could save governments billions of dollars in interest payments, according to officials.
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24 Jun 21
Africa will need $485bn of additional financing between 2021 and 2023 to ward off a debt crisis, the president of the continent’s largest multilateral development bank has said.
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20 May 21
Covid-19 threatens decades of progress by African countries on towards becoming advanced economies, and world finance leaders have been warned the continent needs huge investment in the coming years.
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24 Mar 21
Africa will need to be able to manufacture its own vaccines to speed up its economic recovery from the Covid-19 crisis, a United Nations panel has been told.
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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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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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14 Feb 20
Africa’s 50-year plan to become an economic powerhouse has gathered momentum, according to the African Union’s first report on the project’s progress.
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11 Feb 20
African nations must do better on tackling hunger, leaders at a summit have said.
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4 Feb 20
Money the EU should be spending on fostering security and resilience in Africa is increasingly being used to close borders and stifle migration, Oxfam researchers have revealed.
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12 Dec 19
Poverty reduction is slowing in Tanzania despite sustained economic growth, the World Bank has warned.
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26 Nov 19
Young people in Africa hold the key to the continent’s economic transformation, the chief economist of the African Development Bank has said.
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20 Nov 19
African countries must invest in sport to create jobs and boost livelihoods, the president of a Canadian professional basketball team has told an investment forum.
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17 Oct 19
Africa has seen a huge rise in debt, which needs to yield a return for the citizens who will be paying it back, says the ONE Campaign’s Fiona Robertson.
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3 Oct 19
Thulani Mpofu looks at whether Zimbabwe is any better off two years after triumphant scenes that ushered in a new president and ended a 37-year dictatorship.
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2 Sep 19
Children in Africa will make up more than half of global poverty by 2030, according to the think-tank Overseas Development Institute and charity Save the Children.
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5 Aug 19
Africa’s poorest countries made little progress on improving the frameworks necessary to promote poverty reduction and sustainable growth in 2018, the World Bank has found.
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23 Jul 19
The Asian Development Bank has put itself at the forefront of continuing efforts to boost gender equality in Mongolia.
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14 Jun 19
A fund has been created to ensure that at least 320 million more Africans – nearly 60% of them women – have access to digital financial services.
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20 May 19
Innovative sources of funding are at the heart of calls by African countries for a new approach to alleviate heavy indebtedness on the continent.
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7 May 19
Public finance officials will be key beneficiaries of an $11.1m loan to support Zambia’s efforts to restore fiscal stability.