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.
An IMF team in Bangui, Central African Republic, says the country’s economic recovery continues with growth still projected to reach 4.3 percent in 2018 and accelerate in the medium term. Economic recovery continues; growth projected to reach 4.3 percent in 2018. Strengthening government… Read More ›
The Gambia’s Finance Minister, Amadou Sanneh, began the daunting task of rebuilding its devastated economy only days after his release from prison under the old regime.
IMF Executive Board Approves US$0.9 Million Disbursement for the Democratic Republic of São Tomé and Príncipe
The Board’s decision enables the immediate disbursement of US$0.9 million, bringing total disbursements under the arrangement to roughly US$5.3 million.
Over the next five years, around 3.5 million young Egyptians are projected to join the labor force. Absorbing these new entrants into the labor market will be a challenge.
Higher oil prices and portfolio flows have helped strengthen fiscal and external buffers. The outlook for 2018 remains challenging, as private sector lending remains low and foreign exchange inflows are mostly short-term. Action on a coherent set of policies to… Read More ›