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Austrian Economy Remains Prosperous, Stable-IMF MD

February 17, 2018/IMF Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met today with Sebastian Kurz, Federal Chancellor of Austria, in Munich, Germany. Following the meeting, Ms. Lagarde… Read more »

Cyril Ramaphosa succeeds Zuma as South African president

February 15, 2018/BBC Cyril Ramaphosa has become South Africa’s president a day after embattled leader Jacob Zuma resigned. He was the only candidate nominated by parliament, which is dominated by… Read more »

AfDB President briefs diplomatic corps in Côte d’Ivoire on progress, perspectives for Africa’s development

Adesina calls for strong support to the Bank’s General Capital Increase 7/2/2018/AfDB The President of the African Development Bank Group, Akinwumi Adesina, hosted the annual luncheon of diplomats accredited to… Read more »

IMF Says Mongolia’s Economy Recovering on High International Commodities Demand

February 6, 2018/IMF Mongolia’s economy is recovering, reflecting strong international demand for commodities and improving confidence; key macro-economic quantitative targets, including the fiscal deficit and international reserves, have been achieved… Read more »

AfDB approves ZAR 140-million loan to Promote African Local Currency Bond, Capital Markets in Africa

AfDB funding seeks to promote local currency bond issuers and develop domestic capital markets across the continent 5/2/2018/AfDB The Board of the African Development Bank has approved a ZAR 140-million… Read more »

Oil prices fall for third day as inventory build-up weighs

30/1/2018/Reuters Aaron Sheldrick, Henning Gloystein Oil prices fell for a third day on Wednesday after data from an industry body showed crude stocks rose more than expected last week, while… Read more »

IMF Says Staggering 25% of Young People Jobless in Arab World

January 30, 2018/IMF The International Monetary Fund (IMF), the Arab Fund for Economic and Social Development (AFESD), and the Arab Monetary Fund (AMF) made the following statement today in Marrakesh… Read more »

IMF Endorses Tunisian Government Reforms

January 30, 2018/IMF “The Prime Minister and I had a very productive meeting. We discussed the recent events in Tunisia and the government’s efforts to improve the economy. “We understand… Read more »