After completing a World Bank program, the African Development Bank Group announced an additional cancellation of the country’s financial obligations and a grant of USD 19.7 million to help improve living conditions for internally displaced persons.
Browsing: economy
Brazil’s gross domestic product rose 0.1% in the third quarter compared to the previous three months and 1.8% year-on-year, reaching USD 602 billion.
After visiting the country earlier this month, an International Monetary Fund team sees prospects for economic improvement and agreed on technical assistance to strengthen Syria’s fiscal framework and monetary policy.
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.
Alongside cuts in foreign aid, climate shocks will impact the country’s economy this year, says the International Monetary Fund, following a meeting to discuss a new financial disbursement.
The international agency upgraded the country’s score from CCC+ to B- with a stable outlook, citing a lower current account deficit, foreign investment, and partner disbursements.
The Brazilian economy grew in the first quarter of the year but rose more—2.2%—compared to the second quarter of 2024, according to official IBGE data.
An IMF analysis indicates a decline in oil GDP, but domestic consumption and government projects will sustain growth in other sectors and the country as a whole.
A survey conducted by the IMF shows that consumption, government investments, and job creation are responsible for the expansion of the Gulf country.
The GDP of the Arab country grew less in 2024 but is expected to advance this year based on the performance of the oil sector. Public spending also supports part of Libya’s economy.
The adoption of a budget for the rest of 2025, capacity building for the Central Bank, and modernization of the tax and customs system were some of the measures agreed upon by the Syrian government and a team from the International Monetary Fund.
A delegation from the International Monetary Fund met with local authorities and highlighted the need for economic reforms so that the country can achieve greater growth.
The Arab country’s Ministry of Economy and Industry authorized food, chemicals, textiles, and engineering companies to operate in the country in Q1 of this year.
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.
