Tag Archives: International Monetary Fund
By Susana Edjang The eight Millennium Development Goals (MDGs) that have driven the global development agenda, since September 2000, when Kofi Annan, then Secretary-General of the United Nations, and 191 member states surprised the world by unanimously agreeing and making, … read more »
Posted in Article, Cote d'Ivoire, Eritrea, Ethiopia, Ghana, Kenya, Nigeria, Op-ed, Somali, South Africa, South Sudan, Sudan, Swaziland, Zimbabwe
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Tagged Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Millennium Declaration, Millennium Development Goal, Organisation for Economic Co-operation and Development, United Nations, United Nations Millennium Declaration, World Bank
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Mark Tran, guardian.co.uk, Somali president expected to present plans for rebuilding military, police and justice systems, as civil society calls on nascent government to empower women and provide jobs On Tuesday next week, the UK hosts yet another big conference … read more »
Posted in Article, East Africa, Op-ed, Somali
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Tagged Al-Shabaab, Hassan Sheikh Mohamud, IndepthAfrica, International Monetary Fund, Mogadishu, Siad Barre, Somali, somali government, Somalia
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After years of overlooking the real needs of the Somali people, it is significant change longed-for that Somalia’s statebuiling featured in the strategic agenda of the key actors of the International Community (IC), namely the G8 powers[1] in their ministerial … read more »
Posted in Article, Columnist, East Africa, Mohamud M Uluso, Op-ed, Somali
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Tagged African Development Bank, Indepth Africa Magazine, International Financial Institutions, International Monetary Fund, Somali, Somali people, Somali Shilling, Somalia
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By John Young If the Sudanese opposition were to overthrow the NCP and come to state power the question posed here is what would be the major challenge to be faced the day after? Sudan is presently suffering an economic … read more »
Posted in Article, East Africa, South Sudan, Sudan
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Tagged Egypt, International Monetary Fund, NCP, Sudan, Sudan People's Liberation Army/Movement, United States, West, World Bank
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(Reuters) – Striking state workers in Malawi on Wednesday closed the main international airport in the capital Lilongwe over demands for better pay, piling pressure on President Joyce Banda who took office last year pledging painful economic reforms. Kenya Airways … read more »
By Jimmy Kainja Last October the president of Malawi, Joyce Banda, told European Union delegates in Brussels that she was ready to sacrifice her political career for economic reforms in the country. Banda was mainly referring to a 40 percent … read more »
Posted in Article, East Africa, Malawi
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Tagged Banda, Bingu wa Mutharika, Brussels, European Union, IndepthAfrica, International Monetary Fund, Joyce Banda, Malawi, Mutharika
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By: John Muchira Fears that construction of a mega hydroelectric plant in Ethiopia could stall owing to financial constraints have forced the authorities to turn to desperate measures to raise funds. To ensure implementation of the Grand Renaissance dam project … read more »
Posted in Article, Djibouti, East Africa, Eritrea, Ethiopia
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Tagged Blue Nile, Ethiopia, ethiopia addis ababa, ethiopia latest news, Ethiopian, Ethiopian government, ethiopian news, Ethiopians, Grand Ethiopian Renaissance Dam, IMF, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, latest ethiopian news, news ethiopia
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Compared to the pre-revised 1999/2000 base year, gross domestic product (GDP) estimates based on the new base year has shown changes where GDP level has decreased by close to one percent from 511.2 billion Br to 506.6 billion Br in … read more »
Posted in Djibouti, East Africa, Eritrea, Ethiopia
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Tagged Economic, Ethiopia, ethiopia addis ababa, ethiopia latest news, Ethiopian, ethiopian news, Ethiopians, European Union, Ghana, Ghana Statistical Service, IndepthAfrica, International Monetary Fund, latest ethiopian news, Ministry of Finance & Economic Development, news ethiopia, System of National Account, United Nations System of National Accounts
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De-Risking Africa was the title of the main session on Africa at the 2013 World Economic in Davos, Switzerland. On 23 January a distinguished panel, including two African presidents, two from the private sector and one human rights lawyer met … read more »
Posted in Article, East Africa, Rwanda
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Tagged Africa Progress Panel, DAVOS, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Jacob Zuma, Paul Kagame, Rwanda, World Bank
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Ethiopian inflation dropped in December to 12.9 percent year-on-year, its lowest rate of 2012, official data showed on Wednesday. The government had targeted single-digit inflation in 2012, something it now hopes to achieve this year. Inflation, which has been billed … read more »
Posted in Djibouti, East Africa, Economy, Eritrea, Ethiopia
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Tagged December, Economic growth, Ethiopia, Ethiopia news, ethiopian news, Horn of Africa, Indepth Africa Magazine, Inflation, International Monetary Fund, November
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As African economic prospects brighten, there is debate about which model best suits the continent. Ahmed Shide admits his country is following a development path similar to that of China but not any sort of model. The youthful Ethiopian state … read more »
Posted in East Africa, Eritrea, Ethiopia
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Tagged Addis Ababa, China, Ethiopia, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Washington Consensus, West, World Bank
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Egypt’s transition is turbulent, to say the least. The upcoming constitutional referendum is becoming more fraught by the day. Because most of the country’s judges are refusing to supervise the referendum, it is now scheduled to take place on two … read more »
Posted in Article, Egypt, North Africa
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Tagged Benghazi, Egypt, IndepthAfrica, International Monetary Fund, Libya, North Africa, Siliana, Tunisia, World Bank
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Several hundred Egyptian protesters breached a concrete and metal barricade outside the Cairo presidential palace, as groups gathered for rival rallies over Mohammed Morsi’s constitutional referendum proposal. There was no violent confrontation despite the tensions surrounding the determination of Islamist … read more »
Amr Adly The Egyptian government has finally concluded an initial loan agreement with the International Monetary Fund (IMF) following two years of continual negotiations. The agreement is to be finalised by the IMF board and then signed and ratified by … read more »
By Michael Street The environmental management of this vital water tower of Africa, with its implications for global security, is among the most pressing issues of our time. No one could have been more aware of the enormous challenges than … read more »
Posted in Article, Eritrea, Ethiopia
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Tagged Addis Ababa, Ethiopia, Ethiopia news, ethiopian news, GTP, Indepth Africa Magazine, International Monetary Fund, Meles, Meles Zenawi, World Bank
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Comrades from Cairo Dear friends, In the coming period we will again be facing a familiar enemy that many of you have and continue to battle. International financial institutions like the IMF have long had a hand in plundering the … read more »
Posted in Article, Egypt, IMF
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Tagged Egypt, Egyptian, European Bank for Reconstruction and Development, European Investment Bank, Hosni Mubarak, IMF, IndepthAfrica, International Financial Institutions, International Monetary Fund
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ADDIS ABABA, Ethiopia, October 2, 2012/African Press Organization (APO)/ — On September 12, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Ethiopia.1 Background Ethiopia’s macroeconomic performance in 2011/12 has been mixed. Strong, … read more »
THE storming of the US embassy in Cairo has diverted attention once again from the real issues facing Egypt. It couldn’t have come at a better time for those who want to convince the Egyptian people to accept an International … read more »
Posted in Article, Egypt, North Africa
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Tagged Cairo, Egypt, Egyptian, European Bank for Reconstruction and Development, Hosni Mubarak, IndepthAfrica, International Monetary Fund, Politics of Egypt, United States
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Karim Malak , opendemocracy The proposed $4.8bn IMF loan to Egypt sparked a heated controversy. While the Government claims the funds are absolutely necessary to rebuild the country’s economy, opponents warn against potentially disastrous, far-reaching consequences. Their arguments are summarised here. … read more »
Posted in Article, Egypt, News, North Africa
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Tagged Cairo, Egypt, Egyptian, IMF, IndepthAfrica, International Monetary Fund, Joseph Stiglitz, Politics of Egypt, World Bank
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By William Ajang One quality of leadership (and a soldier for that matter) is to take a calculated bold step, regardless of its repercussions. That is exactly what our president did on 3rd June 2012, that surprised you and me. … read more »
Posted in East Africa, News, South Sudan, Sudan
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Tagged Egypt, European Union, Greg Mills, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, President, Reuters, World Bank
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Nigeria’s Finance Minister Ngozi Okonjo-Iweala is not interested in replacing Pascal Lamy as the head of the World Trade Organisation (WTO) when the Frenchman steps down in a year’s time. This is what Nigeria’s Finance Ministry said yesterday. Okonjo-Iweala left … read more »
Posted in News, Nigeria, Spotlight, West Africa
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Tagged Goodluck Jonathan, IndepthAfrica, International Monetary Fund, Ngozi Okonjo-Iweala, Nigeria, Okonjo-Iweala, Pascal Lamy, Reuters, World Bank
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By Nicholas D. Kristof, New York Times columnist Generations of Americans have learned to pity Africa. It’s mainly seen as a quagmire of famine and genocide, a destination only for a sybaritic safari or a masochistic aid mission.So here’s another … read more »
Posted in Article, News, Pan African News
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Tagged About Africa, Africa news, African Growth and Opportunity Act, African History, African Maps, All Africa, breaking news, Brookings Institution, East Africa, Indepth Africa Magazine, Indepth Africa Magazine, IndepthAfrica, IndepthNigeria, International Monetary Fund, Lesotho, Meles Zenawi, Nicholas D. Kristof, Nigeria news, niheria newspapers, nothafrica, West Africa, World Bank
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The International Monetary Fund is giving what it calls a “promising” economic outlook for the Democratic Republic of Congo. The head of a just-completed IMF mission to Congo, Robert York, projected Monday that the country’s economy will expand 7 percent … read more »
Posted in Daily News Wrap, DR Congo, News
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Tagged Boko Haram, cbn nigeria, Congo, Congolese, Democratic Republic Congo, DRC, Indepth Africa Magazine, International Monetary Fund, jamb, jamb nigeria, Lagos, lagos nigeria, latest Nigerian news, Monday, news nigeria, nigeria africa, nigeria idol, nigeria jobs, nigeria navy, Nigeria news, Nigeria newspaper, nigeria newspaper online, Nigeria newspapers, nigeria time, nigeria world, Nigerian news, North Kivu, online nigeria
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Funny MONEY and credit instruments, laced with creative financing and fuzzy math models, have left America wounded, putting the entire economy in structural shock; teetering and tethering. Extension of credits by instruments, a model developed and preached by the West, … read more »
Posted in Europe, Global Issues
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Tagged afria travel, Africa news, africa news today, African news, Austerity, BBC Africa, bbc africa news, East Africa, Finance, Greece, Indepth Africa Magazine, IndepthAfrica, india south africa, International Monetary Fund, latest africa news, map africa, map of africa, news, news 24, news in africa, North Africa, Pepper, South Africa, south african news, travel to africa, United States, Wall Street, West Africa, World Bank
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Prime Minister Stephen Harper and other world leaders at a meeting of the world’s 20 most important economies can breathe a little easier after a political party that favours staying in the eurozone came in first in Greece’s national elections … read more »
Posted in World News
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Tagged Africa news, African news, Antonis Samaras, Canada, Greece, Greek, IndepthAfrica, International Monetary Fund, New Democracy, Stephen Harper, Sunday
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By Desné Masie The 2008 Financial crisis and the attendant Eurozone crisis are reshaping the future of global finance. But what are the implications of this for Africans? Why have financial institutions rushed to the aid of Greece, yet African … read more »
Posted in Article, East Africa, Malawi, News
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Tagged Africa news, African Development Bank, African news, African people, Eurozone, Greece, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Late-2000s financial crisis, Malawi
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ACCRA, Ghana — Well, that didn’t take too long. Just weeks after Malawi’s new president, Joyce Banda, began her charm offensive to the West, the International Monetary Fund is about to hand her a $157 million check. This loan comes … read more »
Posted in East Africa, Malawi, News, Spotlight
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Tagged Accra, Africa news, African news, Banda, Bingu wa Mutharika, Christine Lagarde, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Joyce Banda, Malawi
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Malawian President Joyce Banda is dismantling the policies of her predecessor, which had stopped aid to one of Africa’s poorest nations and plunged the country into a political and fiscal crisis. It’s working. The International Monetary Fund on June 6 … read more »
Posted in East Africa, Malawi, News, Spotlight
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Tagged Africa news, African news, Banda, Bingu wa Mutharika, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Japan Tobacco, Joyce Banda, Malawi, Mutharika
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by Jolyon Ford at Oxford Analytica Do many existing or potential investors in London and similar settings unwittingly misconceive relative business risks in Africa? I ask this question conscious that authors should avoid picking arguments with an editor — even … read more »
he International Monetary Fund (IMF) today released the May 2012 Regional Economic Outlook: Sub-Saharan Africa . Ms. Antoinette Monsio Sayeh, Director of the IMF’s African Department, commented on the report’s main findings: “Despite difficult external conditions, output in sub-Saharan Africa … read more »
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