Home Topics International Monetary Fund
International Monetary Fund
Six candidates are vying to become the next head of the World Trade Organisation, an institution which faced mammoth challenges even before the pandemic-driven global economic crisis struck.
The Nigeria Employers’ Consultative Association (NECA) has said the Central Bank of Nigeria’s adjustment of naira exchange rate from N360/dollar to N380/dollar at the Secondary Market Intervention Sales (SMIS) will result in inflation.
The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade as weak oil prices, a tourism standstill and business lockdowns shrink the region’s economy 3.2 percent in 2020, an IMF official said Monday.
Global response to the outbreak of the Coronavirus in Africa has been remarkable, especially following fears that should the virus take hold, its impact on the continent could be catastrophic.
Sudan will begin rolling out an experimental programme of direct cash transfers to its neediest citizens next week as it tries to wean the country off costly subsidies.
Hundreds of demonstrators angered by a deepening economic crisis rallied Saturday across Lebanon for a third consecutive day, after violent overnight riots sparked condemnation from the political elite.
Uganda will lose $1.6 billion a year in earnings from tourism as visitors stay away due to the impact of the coronavirus, President Yoweri Museveni said.
Eighty-year-old Isobel Simons calmly narrated how she and her late husband lost their 728-hectare Zimbabwe farm two decades ago to Robert Mugabe’s controversial land reforms.
The Presidency on Thursday urged the House of Representatives to speedily pass the 2020-2022 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper (FSP) and the revised Appropriation Bill, 2020 for the fiscal year.
Kenya’s small and medium businesses need urgent help to survive the economic slowdown caused by the novel coronavirus, and many are at risk of shutting down by the end of June, the head of the central bank said on Thursday.
Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown.
Tunisia’s GDP shrank by 1.7% year-on year in the first quarter of 2020, the State Statistics Institute said on Friday, as the vital tourism sector has been hit hard by the coronavirus crisis.
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the Organisation of Petroleum Exporting Countries will lead to deeper economic contraction and fiscal deficits.
A huge jump in sales of pharmaceuticals saw Singapore’s exports expand by 9.7 per cent year on year in April amid the coronavirus pandemic, though overall trade declined.
Real Madrid could win La Liga on Monday after a routine 2-0 win over Alaves on Friday put them within touching distance of the title.
The US Ambassador to Nigeria, Mary Beth Leonard, has inaugurated a state-of-the-art public health Emergency Operation Centre (EOC) in Yenagoa, Bayelsa State.
“It may be difficult for people like him to understand that a young woman can work hard and succeed on her own steam. Anyone can verify the ownership of the property of Glamd Africa at AGIS in Abuja. I am a tenant in the property. My landlord’s name is Musa Adams.”
The Benue House of Assembly has suspended its plenary sessions to allow lawmakers and members of staff to subject themselves to COVID-19 screening.
The Pro-Chancellor and Chairman of Council, Benue State University, Makurdi, Prof. Zacharys Gundu has tested positive for COVID-19.
The vast former palace of France’s kings has lost more than 40 million euros ($45 million) in ticket sales during the near-four-month lockdown, and director Jean-Luc Martinez admitted it could have a few more lean years ahead as the world adapts to the virus.
Alexandre Lacazette’s future at Arsenal remains unclear, with the Frenchman possibly set to leave the club in the summer.
A former Assistant Director with the Department of State Services, Dennis Amachree, says the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, became a law unto himself and refused to submit to constituted authority.
The Peoples Democratic Party (PDP) has described the Appeal Court judgement on the Kogi governorship election delivered on Saturday as a travesty of justice.
Famed Egyptian actor Ragaa al-Geddawy died on Sunday after contracting the COVID-19 disease, the actors union said. She was 81.