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3 May 16
The International Monetary Fund has warned that economic growth in sub-Saharan Africa will slow this year, and urged countries across the region to shore up their tax bases as revenues from exports...
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29 Apr 16
The United Kingdom has suspended all financial aid to Mozambique following a “serious breach of trust” relating to more than $1bn worth of undisclosed debts.
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29 Apr 16
The African Development Bank is to loan Botswana $76.2m to support the country’s economic diversification plan.
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28 Apr 16
South Sudan’s rebel leader Riek Machar has been sworn in as vice president, marking a significant milestone in plans for a national unity government that were almost derailed last week.
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28 Apr 16
Nigeria has urged the World Bank to help ensure the swift repatriation of $320m in stolen Nigerian funds currently being held in Switzerland.
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26 Apr 16
Saudi Arabia has unveiled an ambitious plan to overhaul the country’s economy and end its “addiction to oil”.
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18 Apr 16
The South American nation of Suriname is set to receive a support package worth $478m from the International Monetary Fund intended to help its economy pull out of recession.
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14 Apr 16
Government deficits are now expected to climb above the levels observed at the beginning of the 2008-09 financial crisis, the International Monetary Fund has warned in its annual Fiscal Monitor.
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7 Apr 16
Russia’s economy faces a “long journey to recovery” from a recession that wiped 3.7% off its GDP in 2015 and could undo almost a decade’s worth of poverty-reduction gains, according to the World Bank...
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7 Apr 16
Somalia and Angola have both begun discussions with the International Monetary Fund for support as their economies struggle under the weight of tumbling oil prices and insecurity respectively.
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6 Apr 16
The International Monetary Fund has welcomed Rwanda’s plans to shelve non-priority spending and dampen demand for imports as low commodity prices deal a hard blow to revenues.
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4 Apr 16
The fall in oil prices has “decimated” Nigerian government revenues and slashed the country’s GDP growth from 6.3% in 2014 to an estimated 2.7% last year, the International Monetary Fund has said.
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31 Mar 16
The International Monetary Fund has announced it will close its office in Nicaragua in August as the country’s economy has stabilised following two decades of close supervision.
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30 Mar 16
Growth across Asia and the Pacific is set to slow this year and next year as a result of a continued weak recovery globally and softer prospects for China, according to the Asian Development Bank.
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30 Mar 16
Iraq has moved closer to winning financial support from the International Monetary Fund as its government manages to progress towards economic and fiscal targets despite ongoing challenges.
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21 Mar 16
Government finances in Zambia are under “immense stress” and the economy has contracted by around 3%, prompting the International Monetary Fund to call for swift and resolute action.
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18 Mar 16
Botswana’s public finances have slipped back into deficit for first time in three years according to the International Monetary Fund.
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15 Mar 16
Government spending in Indonesia is driving a modest pick-up in growth but a more solid recovery will depend on private sector investment, the World Bank has said.
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25 Feb 16
Nigeria will need to curb government spending and implement structural reforms if its economy is to rebound from collapsing oil prices, the International Monetary Fund has said.
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11 Feb 16
World Bank president Jim Yong Kim has pressed Pakistan to step up its economic reform ambitions and seize related opportunities for growth.
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1 Feb 16
Small, middle-income countries (SMICs) in sub-Saharan Africa should prioritise investments that generate wide economic benefits and rationalise regulations that hinder the private sector in order to...
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25 Jan 16
The government of Suriname has requested financial support from a number of international lenders as its economy is crippled by the fall in commodity prices.