June 8, 2016/IMF Ms. Antoinette Sayeh, Director of the African Department at the International Monetary Fund (IMF), has notified IMF Managing Director Christine Lagarde of her intention to retire from the Fund, effective August 31, 2016. “As the Director of the African Department for the past eight years, Antoinette has […]
World News
World Bank Cuts 2016 Global Growth Forecast to 2.4 percent
June 7, 2016/World Bank The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. According to the latest […]
Oil hits 2016 high on U.S. draw forecasts, Nigeria worry
Tue Jun 7, 2016/Reuters By Barani Krishnan Oil prices continued their climb on Tuesday, hitting eight-month highs, as expectations of U.S. crude draws underpinned a market already worried about potential supply shortages from attacks on Nigeria’s oil industry. U.S. crude stockpiles likely fell by 3.5 million barrels last week to […]
