World News

War in Ukraine is Serious Setback to Europe’s Economic Recovery

(Photo: Ruslan Lytvyn/iStock by Getty Images) April 22, 2022/IMFBlog By Alfred Kammer Ukraine and Russia face the sharpest economic contractions, but other countries could also fall into recession this year. The humanitarian catastrophe in Ukraine is reverberating across Europe. Some 5 million refugees have already fled the fighting in the […]

Resilience and Sustainability Trust Wins $40 billion Commitment

April 22, 2022/IMF Weekend Read Special (PHOTO: IMF PHOTOS) Resilience and Sustainability Trust Wins $40 billion Commitment Twelve countries have pledged almost $40 billion to support the Resilience and Sustainability Trust (RST) to overcome climate change and other long-term structural challenges, the IMF’s Managing Director Kristalina Georgieva said on Thursday. […]

Towards a Just Energy Transition in Africa: Africa Needs to Develop its Own Narrative and Use Oil and Gas

A panel discussion hosted at the Namibia International Energy Conference explored how Africa can achieve a just energy transition while addressing energy poverty and driving economic growth. Image Credit: AEC April 21, 2022/AEC African governments, energy stakeholders and industries need to develop and define the continent’s own narrative of what […]