IMF spokesperson Gerry Rice said on Thursday said that the IMF is releasing two staff papers based on recent research, ‘one of which will focus on the issue of jobs and unemployment, especially in emerging markets and developing countries, and especially focused on the issue of youth unemployment actually. So that’s going to be launched — that staff paper is going to be launched on January 23’.
The Executive Board of the International Monetary Fund (IMF) has enabled the immediate disbursement of US$23.9 million to Guinea, bringing total disbursements under the arrangement to US$71.6 million.
The longer-term goal is to become a thriving emerging market economy—one that has the capacity to unlock the full potential of Ghanaians, young and old, rich and poor, here in Accra and across this nation.
An International Monetary Fund (IMF) mission led by Boileau Loko in Libreville, Gabon, said economic activity is recovering, with growth estimated at about 1.2 percent in 2018 up from 0.5 percent in 2017, despite lower-than-expected oil production.
Countries in sub-Saharan Africa accumulated external debt at a faster pace than low- and middle-income countries in other regions in 2017
By the International Monetary Fund (IMF’s) own admission, there are circumstances where African governments’ debt levels are so high they become unsustainable, such that the scheduled debt service exceeds the capacity of the member to service it.
Sierra Leone’s Minister of Finance and Economic Development, Jacob Jusu Saffa, says the economy of the small mineral-rich West African country is struggling and blames policies of the past regime as the main reason.