insert_link Business / Economics Saudi Arabia pledges support to Pakistan The Pakistan foreign office on Monday announced that Pakistan and Saudi Arabia have reiterated their dedication to accelerate an investment package worth $5 billion previously discussed. This reaffirmation came one day after Prime Minister Shehbaz Sharif met with Saudi Crown Prince Mohammed bin Salman. Separately, the Diplomat reports that in the recent discussions, Riyadh might have encouraged Pakistan to regain financial stability by entering into an arrangement with the International […] today9 April, 2024
insert_link World IMF delegation visits Pakistan for economic reform talks An International Monetary Fund delegation will review a $3 billion bailout arrangement with Pakistan's new government this week. Islamabad says it wants to negotiate an 'extensive and extended' economic bailout package with the IMF to ensure macroeconomic stability. today13 March, 2024
insert_link Namibia Greylisting is not a Death Sentence By Josef Kefas Sheehama It's crucial to remember that greylisting does not have to define Namibia's economy, even though it frequently makes people feel more anxious. Namibia can continue engaging in Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT). Namibia needs to make improvements to meet Financial Action Task Force (FATF) requirements in the areas of matter of concern. Our policymakers need to work together with FATF and get […] today27 February, 2024
insert_link Videos IMF urges vigilance on monetary policy https://youtu.be/UG1rZkT_FsQ The IMF is urging vigilance on monetary policy globally and says the job is not yet done when it comes to keeping inflation in check despite some weakening in key economies, a spokesperson for the Fund said Thursday (February 22) in Washington, DC. “Broadly speaking, because inflation has been coming down, but it's not yet at target or close enough to target our line, or our view remains the […] today23 February, 2024
insert_link Africa Ghana’s new vehicle tax aims to tackle pollution – expert unpacks how it’ll work and suggests reforms By Theophilus Acheampong, University of Aberdeen Ghana has introduced an annual carbon levy on vehicles and industrial emissions. It’s only the third African country to introduce an explicit carbon tax, after South Africa and Mauritius. The tax is intended to address harm associated with vehicle emissions. But it has prompted a pushback from various citizens, civic and consumer groups. The Conversation Africa’s Godfred Akoto Boafo spoke […] today16 February, 2024
insert_link Business / Economics IMF World Economic Outlook Update https://youtu.be/DB9yEOgE1Iw The IMF sees a runway to a ‘soft landing’ for global growth Pierre-Olivier Gourinchas, head of the Fund’s Research Department said at the launch of the World Economic Outlook (WEO) Tuesday (January 30) in Johannesburg, South Africa. “The global economy continues to display remarkable resilience with inflation declining steadily and growth holding up. The chance of a soft landing as increased. But the pace of expansion remains slow and […] today31 January, 2024
Africa IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region By Seth Onyango, via bird story agency Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global shocks that exacerbated their debt vulnerabilities. Remarkably, no state has sought comprehensive debt relief since Ghana’s request over a year ago, signalling a trend of growing fiscal discipline across the region. The improvement bucks the trend of recent years, given that […] today25 January, 2024
insert_link Opinion Pieces At Davos Forum, Secretary-General Warns of Global Norms Collapsing, Highlights Need to Rebuild Trust, Reform Governance UN Secretary-General António Guterres’ remarks to the World Economic Forum, in Davos, Switzerland: Thank you very much for your warm welcome. It’s good to be back — to be back and to see Davos highlighting the global crisis in trust. I believe this crisis is the direct result of a paradox facing our world. In the face of the serious, even existential threats posed by runaway climate chaos, and the […] today18 January, 2024
insert_link Business / Economics IMF on G7 and the US debt ceiling https://youtu.be/WOlz3Uh8HCo The IMF warned of negative consequences to the global economy if US leadership is unable to resolve its political impasse over negotiations to extend the debt ceiling, spokesperson Julie Kozack told reporters Thursday in Washington, DC. “We encourage all of the interested parties to come together, reach consensus to urgently resolve the matter. And of course, the reason that we're calling for this is because we are concerned about […] today12 January, 2024
