Ethiopia seeks $2bn under IMF programme
Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform programme,...
Foreign
African faces annual GDP shortfall of $127.2bn by 2030 – AfDB
African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by...
Economic growth in Sub-Saharan Africa to drop to 3.6% – IMF
Amid a global slowdown, growth in Sub-Saharan Africa (SSA) is expected to reduce to 3.6 per cent before rebounding to...
UN deputy chief calls for global financial reform to achieve SDGs
United Nations Deputy Secretary- General, Amina Mohammed, has highlighted the need to reform the global financial system to achieve the...
IFAD commits $604.6m to Nigeria’s agriculture
The International Fund for Agricultural Development (IFAD) said it has directly invested 604.6 million dollars in Nigeria’s Agricultural sector through...
IMF, World Bank discuss debt sustainability, challenges
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them....
China makes solid progress in developing computing power
The scale of China’s computing power industry has expanded at an annual rate of nearly 30 per cent in recent...
Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two...
China’s outbound tourism to boom during May day holiday
China will see a boom in outbound tourism during the coming May Day holiday, reflecting the vigorous tourism demand among...
IMF reports global economic growth at 2.8% in 2023
The International Monetary Fund (IMF) says global growth will bottom out at 2.8 per cent in 2023 before rising modestly...
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