After meetings to review the financing program for Egypt, the International Monetary Fund issued a statement on the country’s economy. There has been progress with the implemented reforms, reflecting on the balance of exchange rates and inflation, but the regional environment, with the conflict in Gaza and attacks in the Red Sea, impacts the economic landscape.
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In an article sent to ANBA, Ambassador Ahmed Swar, charge d’affaires of the Sudanese Embassy in Brasília, provides an overview of his country’s history leading to the development of its current economic activities and invites Brazilian investors to enter the Sudanese market.
The Arab country’s GDP grew specially because non-oil activities. The manufacturing sector performed well, as did the financial and insurance sectors, professional, scientific and technical activities, transportation and storage, and information and communication.
According to the IMF, recovery was supported by the 2022 peace agreement in Ethiopia, which generated a significant expansion in port activities, train traffic, construction, and energy production.
After a visit to the country and discussions with Kuwaiti authorities, the International Monetary Fund says the economy is projected to contract by 1.4% in 2024.
The International Monetary Fund (IMF) said that notwithstanding the pickup in growth, continued efforts to address water scarcity and enhance governance are essential to bolster Morocco’s growth.
The latest report on global prospects published by the International Monetary Fund says that inflation is slowing but its risks remain. Brazil is projected to grow by 2.2 percent.
All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
GDP growth prospects were published on “World Economic Situation and Prospects 2024” report, which also forecasts challenges for the growth of Africa as a whole.
Final installment of deal agreed in 2018 was transferred to Amman aiming to bolster Jordan’s economy.
Projections by the International Monetary Fund also estimate a deficit for 2024 due to the slowdown in economic activity and increased public spending.
According to the Fund, the North African country is expected to close the year with 9.2% inflation, pressured mainly by food prices.
The IMF mission anticipates normalization of growth one year after the strong performance resulting from the World Cup and estimates that the country’s economy could grow by 5%.
