Carbon tax on fossils fuels, marine and aviation transport could generate additional development financing for Africa
Stories & Blogs ECAApr 25, 2024(Story )A carbon taxation regime covering carbon tax on fossil fuel, maritime transport, and aviation could generate additional funds to support the Africa energy transition, says Claver Gatete, Executive Secretary of ECA
Timely reforms of the global financial institutions and architecture crucial for sustainable development and financing for development in Africa
Stories & Blogs ECAApr 25, 2024(Story )African ministers and senior officials are calling for timely reform of the global financial institutions and architecture for sustainable development and financing for development in Africa.
Rising Cyber Threats Pose Serious Concerns for Financial Stability
Stories & Blogs IMFApr 19, 2024(Blog Post )Greater digitalization and heightened geopolitical tensions imply that the risk of a cyberattack with systemic consequences has risen
Trade growth likely to pick up in 2024 in spite of challenging environment.
Stories & Blogs WTOApr 12, 2024(News )The latest edition of the WTO’s “Global Trade Outlook and Statistics” foresees a gradual recovery in world merchandise trade volume in 2024 and 2025. This follows a contraction in 2023 driven by the lingering effects of high energy prices and inflation in
Development aid hits record high but falls for developing countries
Stories & Blogs UNCTADApr 11, 2024(News )Despite reaching historical levels in 2022, Official Development Assistance decreased by 2% ($4 billion) for developing regions, affecting over 70 countries and almost 3 billion people.
World Must Prioritize Productivity Reforms to Revive Medium-term growth.
Stories & Blogs IMFApr 10, 2024(Blog Post )Without ambitious steps to enhance productivity, global growth is set to fall far below its historical average.
UNCTAD rebrands to 'UN Trade and Development'
Stories & Blogs UNCTADApr 09, 2024(News )The strategic move underscores the organization's commitment to greater impact, with a new, clearer visual identity aiming to better reflect its work and values and to amplify its voice on behalf of developing countries.
African Economies Projected to Grow by 3.4 % in 2024, But Faster and More Equitable Growth Needed to Reduce Poverty
Stories & Blogs World BankApr 08, 2024(Press Release )Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa.
Strong calls for innovative financing and reform of the international financial system to achieve the Sustainable Development Goals in Africa
Stories & Blogs ECAApr 01, 2024(Story )urgent action is needed to increase capital flows into developing countries, particularly in Africa to make the SDGs stimulus a reality. Said Amina Mohammed, UN Deputy Secretary-General
African countries to dominate the world’s top 10 growing economies, ECA report.
Stories & Blogs ECAMar 28, 2024(Story )African countries are predicted to dominate the world’s top 10 highest growing economies in 2024, according to a report on Recent Economic and Social Developments in Africa.