The three major credit rating agencies do not understand the ‘anatomies’ of African economies, three of the continent’s finance ministers said on the fringes of the IMF’s Annual Meetings
Angola needs to wean itself off oil and aims to build up commercial agriculture. The finance minister said the country should upgrade infrastructure and attract private investment
One of the bright spots in 2024 has been progress on sovereign debt restructuring — Zambia, Ukraine and Ghana have restructured their debts. But while the market has made great strides in refining a complex and often fractious process, concerns remain, particularly over the vital issue of comparability of treatment
Climate finance flows are too slow, says the head of one of Africa’s largest banks. Attracting large institutional investors and Middle Eastern sovereign wealth funds will be vital to speeding them up
A $1.9bn IMF loan for Tunisia is frozen, while the government has refused to implement fiscal reforms, leaving the country at risk of default unless it can continue to source finance from other lenders
