The current $8.9 billion three-year financing cycle or the 16th replenishment, which ends in 2025, was the largest ever in the history of the African Development Fund October 29, 2024/AfDB Sudan has increased its pledged contribution to the replenishment of the African Development Fund to $3 million, its Minister for Finance […]
World News
IMF’s Sub-Saharan Africa Regional Economic Outlook: Reform Amid Great Expectations
Growth in sub-Saharan Africa is projected at 3.6% in 2024, unchanged from 2023, with a modest increase to 4.2% in 2025 — insufficient to significantly reduce poverty or address development challenges. Macroeconomic vulnerabilities persist and inflation remains high in many countries, while elevated public debt and rising debt service costs […]
Chair’s Statement Fiftieth Meeting of the IMFC
October 25, 2024/IMF Mr. Mohammed Aljadaan, Minister for Finance of Saudi Arabia In the context of the Fiftieth Meeting of the IMFC that took place in Washington, D.C. on 24th and 25th October, several IMFC members discussed the global macroeconomic and financial impact of current wars and conflicts, including with […]
