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This development followed high-level discussions between Minister Abdelhafidh and Ethiopis Tafara, Vice President of the International Finance Corporation (IFC), focusing on expanding economic cooperation and identifying new opportunities for development financing. The meetings were attended by senior IFC representatives, Tunisia’s Ambassador to Washington, and other key officials.

Tunisia Secures €96.1 mn World Bank Funding to Boost Higher Education

(3 Minutes Read) During the Spring Meetings hosted by the World Bank Group and the IMF, Tunisia signed a new €96.1 million financing agreement with...
Russia to Launch New Shipping Line to Boost Trade with Africa, Including Grain from Occupied Ukraine

Russia to Launch New Shipping Line to Boost Trade with Africa, Including Grain from...

(3 Minutes Read) Russia is preparing to launch a new shipping line focused on exporting agricultural goods—including grain allegedly seized from occupied Ukrainian territories—to Africa....
The International Monetary Fund (IMF) has improved the growth forecast for Cabo Verde, Guinea-Bissau, and Equatorial Guinea, while worsening the projections for Angola, Mozambique and Sao Tome and Principe.

IMF’s Growth Outlook for Cabo Verde, Guinea-Bissau and Equatorial Guinea Improves

(3 Minutes Read) In the report on the Regional Economic Outlook for Sub-Saharan Africa, released on Friday as part of the World Bank and IMF...
Sub-Saharan African economies should work to increase their domestic revenue collection to avoid having to take on debt amid “turbulent global conditions”, International Monetary Fund Africa Director Abebe Aemro Selassie said.

IMF Tells Sub-Saharan Economies to Focus on Revenue Collection to Avoid Debt Trap

(3 minutes Read) The region’s economy is likely to expand by 3.8% this year, the Fund said in its World Economic Outlook report this week,...
Sub-Saharan Africa’s economy is showing signs of resilience, with growth projected to hit 3.5% in 2025 and rise to 4.3% by 2027, according to the World Bank’s latest Africa’s Pulse report.

Sub-Saharan African Economy Showing Signs of Resilience: Africa Pulse Report

(3 Minutes Read) The World Bank has called for urgent reforms to improve governance, boost private investment, and expand access to essential services. Leveraging the...
President Donald Trump predicts that the U.S. and China will reach a "fair" trade deal in the coming weeks. The comments from Trump come a day after he said he would not “play hardball” with China and that his tariffs would come down “substantially."

US and China Will Reach a Fair Deal: Trump

(3 Minutes Read) The call by China’s U.N. Ambassador Fu Cong for nations to back multilateralism, the bedrock of the United Nations, got overwhelming support...
Disruptions to global supply chains caused by the uncertainty surrounding tariff hikes and trade tensions could worsen an already complex economic landscape, according to Pierre-Olivier Gourinchas, chief economist of the International Monetary Fund (IMF).

IMF Predicts Trade Tensions to Escalate After Tariff Hikes

(3 Minutes Read) The IMF now forecasts global growth at 2.8 percent for 2025, a sharp 0.5 percentage points reduction from its January estimate, with...
Those cardinals are the secretary of state, Cardinal Pietro Parolin, Polish Cardinal Stanisław Ryłko, archpriest of the St. Mary Major basilica where Francis will be buried, and Cardinal Fabio Baggio, a top official in the Vatican’s development and migrants’ office. They will be replaced after three days with another three cardinals to help the interim Vatican administrator.

Pope Francis’ Last Rites on Saturday: World Leaders Mourn Death

(3 Minutes Read) Cardinals met at the Vatican on Tuesday to plan the conclave to elect his successor and to make other decisions about running...
The US economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated.

US to Lose Heavily on Tourism Front: Experts

(3 Minutes Read) Goldman Sachs Group estimates that in a worst-case scenario, the hit this year from reduced travel and boycotts could total 0.3% of...
The diplomatic representations marked for potential closure are the embassies of the Central African Republic, Eritrea, the Gambia, Lesotho, the Republic of Congo, and South Sudan. The consulates that could be closed are in Douala, Cameroon, and Durban, South Africa.

Will the US Reduce Its Presence in Africa?

(3 Minutes Read) The diplomatic representations marked for potential closure are the embassies of the Central African Republic, Eritrea, the Gambia, Lesotho, the Republic of...

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