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 …
China is the biggest contributor to global energy subsidies that the International Monetary Fund estimates at $5.3 trillion, equivalent to 6.5 percent of the world’s gross domestic product. China tops the list in dollar terms, the Ukraine as a percentage of gross domestic product and Qatar as measured per capita, …
The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable …
The world subsidises energy consumption to the tune of more than $200,000 per second, with about 60 per cent of that going to support coal, according to researchers at the International Monetary Fund. In a paper published by the IMF, the authors found that energy subsidies are much more than …
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund. The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost …
World leaders have drawn up ambitious goals to end extreme poverty by 2030 and promote development over the next 15 years, but now they have to figure out how to pay the bill. Trillions of dollars would be required to achieve the 17 Sustainable Development Goals (SDGs) that the United …
More than three million of the world's poorest people have been forced from their homes, land and jobs over the past decade by World Bank-funded projects, an investigation showed on Thursday as the global lender vowed to review its policies. The World Bank, which aims to end extreme poverty, has …
Falling oil prices provide a golden opportunity to reduce inefficient fossil energy subsidies in favor of more productive and equitable spending, said the International Monetary Fund (IMF) in a newly-released report Wednesday. "Energy tax reform could help reduce negative externalities caused by energy consumption, such as pollution and global warming …
“India will grow at 6.3% in 2015, up from 5.8% in 2014” The International Monetary Fund (IMF) has projected India to grow at 6.5 per cent in 2016, overtaking China whose growth was forecast to slow down to 6.3 per cent. In its World Economic Outlook report released on Tuesday, …
A new report released in Washington DC by the World Bank and International Monetary Fund (IMF) on Wednesday challenged leaders to do much more to end extreme poverty in another 16 years. The Global Monitoring Report 2014/2015, released by the World Bank, lamented the gap in living standards between those …
Energy taxes in much of the world are far below what they should be to reflect the harmful environmental and health impact of fossil fuels use, the International Monetary Fund said in a new book on Thursday. For the first time, the IMF laid out exactly what it views as …
Sounding bullish about India, International Monetary Fund (IMF) expects country's economic growth to move up to 5.5 per cent in the current fiscal and 6.25 per cent in the next fiscal. "Our sense is that the growth will pick up this year-5.5 per cent this year going up to 6.25 …
Pakistan and Asian Development Bank (ADB) on Wednesday signed the Loan Agreement worth $900 million for Jamshoro Power Generation Project. Secretary Economic Affairs Division Ms. Nargis Sethi and Country Director, Asian Development Bank, Werner E. Liepach has signed the loan agreement in the presence of Finance Minister Senator Mohammad Ishaq …
Study finds cost of alternatives such as feed-in tariffs, industry regulation and subsidies can be ‘substantially higher’ Carbon taxes and emissions trading systems are the most cost-effective way to reduce emissions and should be “at the centre of government efforts to tackle climate change”, according to the Organisation for Economic …
The United States called on Tuesday for a more flexible approach to a new United Nations' climate deal which balances the needs of all countries and has a better chance of success. Two years ago, some 190 countries agreed to develop a pact to succeed the Kyoto Protocol which would …
World Bank (WB) and International Monetary Fund (IMF) have promised $1.8 billion aid to Bangladesh. The assurance was given at the annual conference of the multi-lateral lending agencies in Washington. Economic Relations Division (ERD) Secretary Abul Kalam Azad told bdnews24.com on Sunday that Bangladesh would get the loan at an …
The International Monetary Fund can play a role in protecting the planet from environmental damage, IMF head Christine Lagarde said on Tuesday, as she highlighted how an analysis of the harmful effects of energy subsidies could act as a catalyst for action. Lagarde's speech at the United Nations on Tuesday …
Charity says that austerity measures will create a divided continent and 'entrench poverty for a generation' Europe faces a "lost decade", with the number of people trapped in poverty across the continent set to rise by up to 25 million by 2025 unless austerity policies are reversed, according to a …
The International Monetary Fund has urged nations to slash their $US1.9 trillion ($1.8 trillion) in annual energy subsidies because they increase inequality, boost greenhouse gas emissions and limit investment in the renewable energy industry. While many nations use energy subsidies to shield consumers from rising prices, benefits tend to be …
What is the new normal for the Indian steel industry? As is the experience of China and India, the demand for metals, particularly steel, finding large application in construction, automobile and machinery building, gets guidance from the progress of gross domestic product (GDP). The fateful 2008-09 recession that originated in …
Moves towards a global water commodities market must be stopped. It will push the price of food far beyond the peaks of the past five years, warns Frederick Kaufman.
