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.
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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%.
Ahmed Hachani said at a plenary session that reforms implemented by the government can help the country grow. The government aims to integrate the informal economy into the banking circuit.
The fund and local authorities agreed to a USD 1.2 billion loan. The country is expected to grow 2.6% this year.
Abdalla Shaheen took up the post as consul-general from the United Arab Emirates to São Paulo late last year. The diplomat visited the Arab Brazilian Chamber on Tuesday (24).
Egypt has announced the disbursement of USD 5 billion loans to industry and agriculture at an interest rate of 11%, down from 18%, with the state bearing the difference.
