According to UNCTAD, 61 net importers of energy and cereals are severely affected by disruptions to shipping through the Strait of Hormuz amid the war in the Middle East.
Browsing: economia
During flash panels at the Brazil & Arab Countries Economic Forum, speakers discussed opportunities in Brazil’s energy sector and the economic outlook for North Africa.
The International Monetary Fund says Algeria has made efforts to generate revenue from sectors beyond the economy’s traditional pillars, but the country remains heavily dependent on oil revenues.
In an article, Sudan’s ambassador to Brazil, Ahmed Swar, highlights the importance of cotton to the Sudanese economy and says Brazil could be an important partner in boosting the crop’s productivity.
In an article, Morocco’s ambassador and dean of the Council of Arab Ambassadors in Brazil, Nabil Adghoghi, discusses the initiatives that are establishing Morocco as a global player in food security, logistics, green energy, and sustainable mobility.
In the fourth quarter, the economy grew 0.1% compared to the third quarter, statistics office IBGE said.
The projected growth represents a slowdown compared to last year, when the country expanded by 6.3%. Prospects, however, remain positive, according to the IMF.
IMF estimates point to a 4.8% GDP growth for the Arab country this year, above the global average. Resilience amid global uncertainty and diversification are key strengths of its economy.
Ministers of Finance and of Economy and Trade convene with an International Monetary Fund delegation to come up with a growth strategy.
An International Monetary Fund report highlights the Gulf Cooperation Council nations’ strategies to increase the digital sector’s share of GDP and make it dominant in government services.
The emirate reported a gross domestic product of USD 326 billion last year, heavily driven by the non-oil sector. The manufacturing sector was the largest contributor, followed by construction.
The finance minister met with his counterparts after passing through Saudi Arabia on a trip that began last Friday (14).
The International Monetary Fund praises the country’s economic policy management and economic resilience but warns about regional instabilities and climate challenges.
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.
