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2 Jun 23
The Oman government is set to invest more than £4bn in a bid to reduce the nation’s dependence on fossil fuel revenues.
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7 Jun 17
More investment in infrastructure and good governance will be key to Cambodia’s continuing economic success, according to the International Monetary Fund’s deputy managing director.
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19 Apr 17
A UK think-tank has urged Ghana to invest in greater economic diversity to make the most of a recent $2.2bn bond sale – the biggest single-day debt issue by a sub-Saharan African government.
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21 Nov 16
Nigeria’s economy has remained firmly in recession in the third quarter of the year, the country’s National Bureau of Statistics has announced.
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3 Nov 16
The African Development Bank has approved a $600m loan in a bid to plug Nigeria’s gaping $7bn budget deficit.
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12 Sep 16
International Monetary Fund managing director Christine Lagarde has said Laos must maintain “the momentum of fiscal consolidation” to safeguard its transition to a lower-middle income country.
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8 Sep 16
The Nigerian government hopes to tackle the country’s first recession in more than 20 years by promoting the agriculture and solid minerals sectors in order to diversify the economy.
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17 Aug 16
Angola has halved its predicted growth figures for 2016 and passed a revised budget after the impact of the commodity price slump on its heavily oil-reliant economy became apparent.
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23 Jun 16
Commencing commercial oil production in Uganda could drive the country’s socio-economic transformation if the proceeds are well managed, the World Bank has said.
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16 May 16
Moody's has downgraded Saudi Arabia’s credit rating as the oil price slump hits the kingdom’s public finances.
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10 May 16
The commodity price slump is weighing heavily on Oman and the United Arab Emirates’ fiscal deficits, the International Monetary Fund has said.
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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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5 Apr 16
International Monetary Fund managing director Christine Lagarde has reiterated calls for a multifaceted approach to counter the weakening global economy amid warnings it is becoming stuck in a “new...
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23 Dec 15
Three global development banks have reached a risk-sharing agreement that is intended to optimise asset use and enhance development effectiveness.