Who’s running the show at the International Monetary Fund, now that former managing director Christine Lagarde has stepped down temporarily while she is a candidate for head of the European Central Bank? Right now it’s David Lipton, who has served as deputy managing director since 2011 and is completing a…
President of Mozambique Filipe Nyusi met with Christine Lagarde, the head of the International Monetary Fund (IMF) as they attended the Belt and Road Forum in Beijing. She assured him that a USD$118 million loan, approved by the IMF last week to support recovery from Cyclone Idai impacts, reflects the…
The United States on Thursday announced the launch of the new Women’s Global Development and Prosperity Initiative (WGDP) with the aim of reaching 50 million women across the world by 2025. The White House rolled out the plan as U.S. President Donald Trump’s daughter Ivanka promoted it in a Wall…
Christine Lagarde, managing director for the International Monetary Fund (IMF), completed a recent visit to Angola with a warning that the OPEC nation – Africa’s second largest oil producer, behind Nigeria – needs to shift away from its oil reliance. “Angola has come a long way since the end of…
The new World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent, but that’s revised down from 3.9 percent earlier this year. “There are clouds on the horizon. Growth has proven to be less balanced than hoped,” said Maurice Obstfeld, chief economist…
Ethiopian Prime Minister Abiy Ahmed continues his outreach tour in the United States on Saturday with a gathering for the diaspora in Washington D.C., part of a concerted effort to encourage Ethiopians who have left the country to return home and build its future. Abiy’s meeting at the Walter E….
Mobile money access is a cornerstone of Africa’s economic future and among the technologies highlighted by Christine Lagarde during remarks in Addis Ababa on Friday. The managing director for the International Monetary Fund was in Ethiopia to address the United Nations Economic Commission for Africa, with a speech that emphasized…
Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…