Photo Credit: RobF73/iStock by Getty Images IMF COUNTRY FOCUS June 15, 2023/IMF By the South Africa Team, IMF African Department Newly released data shows the South African economy grew by 0.4 percent between January and March this year. Crippling power cuts, volatile commodity prices and a challenging external environment have contributed […]
OPINION/EDITORIAL
2023 Finance Act: A Focus on Taxation
June 15, 2023/CSL Research The Finance Bill 2023 which was signed into law on 28 May 2023 by former President Muhammadu Buhari imposes an 0.5% levy on goods imported into Nigeria from outside Africa. This is in addition to current custom duties and other approved charges. Beyond the additional import […]
How Financing Can Boost Low-Income Countries’ Resilience to Shocks
(Credit: James Oatway/IMF Photos) June 14, 2023/IMFBlog By Karmen Naidoo and Nelson Sobrinho Low-income countries face multiple economic challenges—including rapid inflation, food insecurity, costly borrowing, and mounting debt—heightened by shocks from the pandemic and Russia’s war in Ukraine. As a result, the IMF has revised down its growth projections for low-income countries, […]
