Following discussions between the Guinean authorities and IMF staff in Conakry from July 31-August 15, 2017 and during the 2017 Annual Meetings in Washington in October 2017, a staff-level agreement was reached on a program of economic policies and reforms that… Read More ›
China Daily, a local newspaper report that from 2013 to 2016 alone, 55.64 million people in China had been lifted out of poverty. The number is estimated to be more than 10 million in 2017, which means China has helped more than 13 million people out of poverty on average each year during the past five years.
Africa holds the key for feeding 9 billion people by 2050, Adesina says during Norman Borlaug Lecture
Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, the President of the African Development Bank (www.AfDB.org) and 2017 World Food Prize Laureate, Dr. Akinwumi Adesina, said (http://APO.af/z7AxMV) during his Norman Borlaug Lecture delivered… Read More ›
Beijing New Airport is a major project in China that is expected to be completed in 2019. The new project, which started in 2014, will be one of President Xi Jinping’s legacies in the People’s Republic of China. It can… Read More ›
President of the World Bank Group, Jim Yong Kim, has called on world leaders to pay more attention to the investment in human capital to help grow their economies.
The Republic of Congo faces significant macroeconomic imbalances. Economic activity is contracting further, while government deposits are declining. Against this backdrop, the government accumulated external and domestic arrears, despite a significant fiscal adjustment.
“Macroeconomic performance has been robust in 2017. The external current account deficit is estimated to have narrowed, supported by strong tourism arrivals. Reflecting this, economic growth for 2017 is projected to reach around 4 percent. With the economy performing well, the primary fiscal surplus is expected to reach 2.5 percent of GDP this year in line with the authorities’ target.”
“In 2016, Benin’s economy weathered negative spillovers stemming from a difficult external environment and grew by 4 percent with an acceleration expected in 2017. Economic growth was driven by strong agricultural production, an increase in public investment, and a buoyant tertiary sector. Inflation remained negative in 2016 and through end-August 2017 but is forecasted to average 0.6 percent in 2017.”
With the floating of the Egyptian pound, the foreign exchange market normalized, and the parallel market for foreign currency disappeare