The International Monetary Fund expects Saudi Arabia’s economy to expand despite the conflict in the Middle East, with oil export revenues supported by higher crude prices.
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In an assessment released Thursday (23), the International Monetary Fund said Brazil’s economy has shown remarkable resilience despite a challenging global environment and is expected to grow 2.4% this year.
As the conflict involving the United States, Israel and Iran threatens tanker traffic through the Strait of Hormuz and the Red Sea, oil prices surged on Thursday (23).
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.
This week, representatives from some of the world’s largest central banks are meeting to analyze the consequences of the conflict in the Middle East. Rising energy costs are expected to trigger higher prices.
International agency kept Morocco’s Ba1 long-term debt rating in local and foreign currency but revised the outlook from stable to positive. Fiscal performance was one of the reasons.
An International Monetary Fund staff team was in Damascus from February 15 to 19 to meet with local authorities.
The researcher will discuss economic outlook for 2026 in the “ABCC Connects” series next Monday (9).
The International Monetary Fund says economic diversification beyond oil will only come with the adoption of structural reforms. The institution projects GDP growth of 2.6% this year and 3.8% in 2026.
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.
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.
