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15 Dec 23
A track record of sound economic management and measures to help reduce poverty in Somalia have prompted the International Monetary Fund and World Bank to approve $4.5bn of debt relief.
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12 Dec 23
Concessional finance will support Togo’s public spending and help maintain progress on economic reforms to increase government revenues, the International Monetary Fund has said.
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8 Dec 23
Continued growth in oil revenues could help maintain Oman’s budget surplus and bring down debt, and has contributed to a credit rating upgrade by Moody’s.
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4 Dec 23
Conflict will add to economic pressures as well as political instability.
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28 Nov 23
Business as usual not an option, says World Bank.
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21 Nov 23
Zambia’s official creditors have objected to a deal the government made with private bondholders to restructure $3bn of eurobond debt.
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17 Nov 23
The UN is set for a showdown over tax evasion, led by African nations.
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14 Nov 23
High oil prices and fiscal discipline seem set to boost Gulf Cooperation Council governments’ fiscal situations, S&P Global Ratings has said.
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14 Nov 23
Oman’s decision not to compete with its neighbours is paying dividends, writes international consultant Robert Ravelli.
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7 Nov 23
The Middle East conflict is again setting the global agenda. But post-oil economies are changing the region, too.
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31 Oct 23
New deal dependent on public sector improvements and reduced inequalities.
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27 Oct 23
A preliminary agreement to restructure more than $3bn of Zambian government debt will pave the way for future agreements and release more funding to aid developments, the nation’s finance minister...
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20 Oct 23
Disruption to Israeli economy and attention shifting away from Ukraine are key issues.
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10 Oct 23
The central bank of Morocco has purchased two $100m sustainable development bonds from the World Bank as the region hosts the lender’s joint annual meeting with the International Monetary Fund.
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6 Oct 23
Declining growth in the Middle-East and North Africa will hit livelihoods and hurt long-term development, World Bank economists have said.
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6 Oct 23
Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
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29 Sep 23
Morocco is set to receive a $1.3bn loan from the International Monetary Fund to help resilience against climate change and natural disasters, just weeks after it was hit by a devastating earthquake.
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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5 Sep 23
The South African government is set to close the department that oversees state companies and launch a new holding company to improve management.
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9 Aug 23
A law restricting the rights of the LGBTQ+ community in Uganda undermines inclusion and has led to the World Bank suspending new loans.
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4 Aug 23
A sovereign wealth fund will ensure Lebanon’s hoped-for future oil and gas revenues get proper oversight and management, and therefore help boost economic growth and meet public spending demands, the...
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4 Aug 23
A recent military coup will restrict access to finance and was a key driver in a double credit rating downgrade of Niger, Moody’s has said.
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1 Aug 23
The controversial removal of an expensive fuel subsidy has saved the Nigerian government more than 1trn naira that will fund new social spending including expanding education, president Bola Tinubu...
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28 Jul 23
Ratings agency acts after defence spending increase
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14 Jul 23
The Egyptian government has agreed to sell almost $2bn of state assets to meet the conditions of an IMF bailout.