• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Africa to get third seat and stronger voice, IMF says

IMF

The Matters Press by The Matters Press
October 7, 2023
Reading Time: 1 min read
0
Nigeria gets $12 billion credit from World Bank, IMF in 2020

Sub-Saharan Africa will have a “stronger voice” at the International Monetary Fund with a third seat on the global lender’s executive board, IMF Chief Kristalina Georgieva told AFP.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

Georgieva delivered the news ahead of next week’s IMF and World Bank meetings in Marrakesh, Morocco — the first gathering on the continent since 1973.

The IMF executive board, which is chaired by Georgieva, is responsible for conducting the Washington-based institution’s day-to-day business and currently has 24 directors.

The United States, as the world’s biggest economy, has the largest share of votes, followed by economic powers Japan, China and Western Europe, ahead of other regions and developing nations.

“I have some good news for Africa. We are advancing a preparation to have a third representative of Sub-Saharan Africa in our executive board,” Georgieva told AFP in Abidjan, Ivory Coast, on Thursday.

“Ultimately, what it will mean is (a) stronger voice for Africa,” the IMF’s managing director added.

The World Bank has also announced that it will create a third seat for African nations on its own board, a decision to be made official at the October 9-15 meetings in Marrakesh.

The IMF and World Bank will tackle the thorny issue of institutional reform in Morocco as they face growing calls to better address debt and climate change in poorer countries.

Georgieva said growth in sub-Saharan African decelerated this year to 3 percent.

“The impact of the war (in Ukraine) was devastating, especially coming on top of Covid,” she said.

“Countries with limited fiscal capacity were particularly severely impacted,” she added.

Inflation, which soared in the wake of Russia’s invasion of Ukraine, caused “additional hardship on people,” Georgieva added.

Read more on the EastAfrican

Tags: AfricaIMF
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Safaricom’s stake in Kenya economy at $6bn

Safaricom's stake in Kenya economy at $6bn

Nigeria to allocate $200m for creation of agricultural service centres

Ministry woos police to secure farms

Recommended Stories

Vulnerable Nigerian farmers to get $1m grant

USAID awards N592m to Nigerian firm to boost agriculture

February 21, 2022
Nigeria’s food monthly imports dip

I didn’t join presidential race – CBN governor

May 7, 2022
Free public transportation for retirees begins in Lagos

Why we staggered pension online verification – PTAD

July 13, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us