The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
The 1997–1998 Asian financial crisis and the 2008–2009 global financial crisis emphasized the need for international cooperation in responding to systemic failure in an increasingly globalized financial system. As previous crises demonstrated, adequate financial safety net arrangements—globally, regionally, and nationally—are vital to safeguard financial stability and enhance resilience across Asia …
Washington DC — Unless urgent rescue plans are employed, nine of every 10 African nations would be living in abject poverty, the World Bank has warned. Paradoxically, the same year is the global financial institution's target for ending extreme poverty worldwide. The development, that is already giving World Bank President, …
India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2 per cent in these two years, the International Monetary Fund (IMF) said on Monday attributing the pick up to the …
India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2 per cent in these two years, the International Monetary Fund (IMF) said on Monday attributing the pick up to the …
Malawi has dropped again three steps down from position 6 last year in 2017 to position 3 this year 2018 as the world most poorest country According to the latest ranking by International Monetary Funds (IMF) Malawi is placed down compared to those countries that have been involved or affected …
Iceland supports India for UNSC seat India and Sweden will co-host the first ever India-Nordic Summit in Stockholm on Tuesday. Narendra Modi will be at the summit with Prime Ministers of Denmark, Finland, Iceland, Norway and Sweden. Innovation, jobs, trade, security, green technology, climate change and women empowerment are expected …
BONN, Germany: India is the sixth most vulnerable country in the world in terms of facing extreme weather events with Haiti, Zimbabwe, Fiji, Sri Lanka and Vietnam taking top five positions in the fresh list of nations facing climate risk. The ranking was released here by the Germanwatch, an independent …
The world faces a "dark future" if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde warned today. "If we don't address these issues... we will be moving to a dark future" in 50 years, she told a major economic conference in the Saudi capital. On …
The International Labour Organisation (ILO) has said that global unemployment may rise by 2.8 million in 2018, with diverging trends at country and regional level. The ILO Director-General, Guy Ryder, disclosed this in a statement on its website to the International Monetary and Financial Committee at the just-concluded 2017 yearly …
Nigerian govt. will create 15 million direct jobs by 2020 – MinisterNigerian govt. will create 15 million direct jobs by 2020 – Minister 21 things to know as Buhari unveils Nigeria’s economic recovery, growth plan21 things to know as Buhari unveils Nigeria’s economic recovery, growth plan Buhari launches Nigeria's Economic …
Seven of the nine 'high-focus' states report underspending on healthcare Nine of India’s poorest states–home to 581 million or 48% of India’s population–account for 70% of the country’s infant deaths, 75% of under-five deaths and 62% of maternal deaths, but do not spend even the money they have set aside …
The International Monetary Fund (IMF) will increase loans to Malawi by $76.8 million, the global lender said on Monday following an economic review of the drought-hit country. The IMF said it was also augmenting Malawi's Extended Credit Facility (ECF) arrangement, signed in 2012, by another six months with funding equivalent …
India is the largest recipient of World Bank loans and has received $52.7 bn Indian Finance Minister Arun Jaitley has called on the World Bank to continue its concessional financing until 2030 and increase the development financing and non- concessional loans to $100 billion over the next five years. During …
In a clear indication of what India would pitch for having an effective and equitable climate deal in Paris in December, New Delhi has once again asked the rich nations to come out with a clear financial roadmap having new "predictable" and "additional" resource flow to meet requirements of finance …
If you add up all the promises of carbon emission cuts made by different countries, the total is still not big enough to prevent global temperatures from crossing the red line of 2C rise by the end of this century, according to two different analyses by scientists. Another report released …
Lima: Finance ministers from 20 of the countries most vulnerable to climate change have launched the "V20" group to pool resources for their fight against the impact of global warming. The group, which includes some of the world's smallest and poorest countries, is a counterpoint to the G20 group of …
UNITED NATIONS – Chinese President Xi Jinping on Saturday pledged $2 billion for a new development fund for poor countries on a U.N. visit showcasing Beijing’s growing global role. Xi’s announcement, made in his first address to the United Nations, follows long-standing criticism from the United States and other developed …
The World Business Council for Sustainable Development, a not-for-profit CEO-led body that seeks to promote sustainable development, wants to help push renewable energy growth in India. The Council met in New Delhi last week when it launched a ‘Renewable Energy Initiative’ under its global programme called ‘low carbon partnership initiative’. …
World’s leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show Subsidies for fossil fuels amount to $1,000 (£640) a year for every citizen living in the G20 group of the world’s leading economies, despite the group’s pledge in 2009 to phase out support …
Heads of state may not be part of concluding round of talks during the crucial Paris climate summit in December unlike the Copenhagen conference which failed to clinch a deal despite presence of almost all top political leaders there during final leg of negotiations six years ago. Though the host …
