Afreximbank had been a champion in facilitating intra-African trade since its founding and that it had committed US$1 billion to support the funding of the AfCFTA Adjustment Fund August 9, 2024/Afreximbank African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 […]
World News
Economic Outlook: The AfDB Forecasts Growth for Madagascar of 4.5% in 2024 and 5.3% in 2025
Growth on the Grande Île was 4.4 percent in 2023, compared with 4.3 percent in 2022 August 6, 2024/AfDB The African Development Bank Group’s Country Report 2024 forecasts vigorous economic activity for Madagascar, with expected growth of 4.5 percent in 2024, climbing to 5.3 percent in 2025. Growth on the […]
Now Is the Time to Help Countries Faced with Liquidity Challenges
(Credit: Kim Haughton/IMF Photo) August 1, 2024/IMFBlog By Ceyla Pazarbasioglu and Pablo Saavedra Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic, conflicts around the world, and the abrupt rise in global interest rates have hit low-income countries the hardest. […]
