Finance

IMF approves policy coordination instrument with the Republic of Cabo Verde

The new PCI will support the authorities’ efforts to enhance macroeconomic stability as they implement their Strategic Plan for Sustainable Development (PEDS). (Image source: Ulrika/Flickr)

The International Monetary Fund (IMF) has approved an 18-month policy coordination instrument (PCI) with the Republic of Cabo Verde to bolster macroeconomic reforms to support medium-term fiscal and debt sustainability

World Bank to launch Tanzania Economic Update on 18 July

The report underscores the urgency for Tanzania to invest in its human capital. (Image source: Nahashon Diaz/Pixabay)

The World Bank will launch the 12th Tanzania Economic Update ‘Human Capital: The Real Wealth of Nations’ on 18 July 2019 at the Hyatt Regency, The Kilimanjaro, Dar es Salaam

AfDB urges countries to join Africa50 for a more prosperous Africa

Akinwumi Adesina is the president of AfDB. (Image source: Africa Progress Panel/Flickr)

African governments need to explore innovative technologies to drive transformation on the continent, board members at Africa50’s general shareholders meeting in Kigali

Moody's: Ethiopia's economy is growing but political risks intensify

Prime Minister Abiy Ahmed is implementing a wide range of reform activities to improve critical infrastructure of the country. (Image source: GovernmentZA/Flickr)

Ethiopias economy and wealth levels have been growing strongly at nine per cent per annum on average for the past five years, however, underlying political tensions risks derailing economic activity, according to Moodys Investors Service

AfDB, Portugal and Cabo Verde to accelerate diversification, private sector development

The MoU provides for technical assistance projects to accelerate private sector and PPP growth. (Image source: poco_bw/Adobe Stock)

The African Development Bank (AfDB) and the governments of Cabo Verde and Portugal have signed a country-specific memorandum of understanding to implement the Lusophone Compact, which aims to accelerate private sector development in Portuguese-speaking countries in Africa