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IMF Executive Board Discusses the Reform of the Policy on Public Debt Limits in Fund-Supported Programs

The Executive Board of the International Monetary Fund (IMF) discussed on October 28, 2020 a staff paper on “Reform of the Policy on Public Debt Limits in Fund-Supported Programs, which reviews the IMF’s policy on the use of quantitative conditionality on public debt in Fund supported programs (the “debt limits policy”) and proposes some modifications. […]

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IMF Executive Board Approves US$52.3 Million Disbursement to South Sudan to Address the COVID-19 Pandemic

• The pandemic and oil price shock created severe economic disruption, leading to a sharp decline in South Sudan’s growth and reversing some early gains from political stability. • To address the urgent balance of payments needs, the IMF approved US$52.3 million emergency assistance to South Sudan’s under the Rapid Credit Facility. This is the […]

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African Energy Chamber Forecasts Increased Gas Monetisation in Latest 2021 Outlook

In its latest Africa Energy Outlook 2021 released earlier this week, the African Energy Chamber (EnergyChamber.org) forecasts increased gas monetization across the continent on the back of decarbonisation and industrialisation drive. The African Energy Chamber has notably found that while not insulated to COVID-19, gas markets have been less exposed than that of oil to […]

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Ecobank Group shows its commitment towards Better Health

The leading pan-African banking group, the Ecobank Group (Ecobank.com), today celebrates its eighth annual Ecobank Day, which is the Group’s flagship annual event, showing commitment and giving back to its local communities across 33 African countries. This year’s theme is ‘Take Action Against Diabetes’ and it marks the second stage of a three-year campaign to […]

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National Aviation Services (NAS) Wins New Ground Handling License in Democratic Republic of Congo

National Aviation Services (NAS) (NAS.aero), a leading airport services provider has been awarded a new ground handling license – Certificat d’Operateur d’Assistance en Escale (COEA) by the Civil Aviation Authority (Autorité de l’Aviation Civile – AAC) of the Democratic Republic of the Congo (DRC). Under the terms of the COEA, NAS will offer comprehensive ground […]

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Secretary-General Appoints Alice Wairimu Nderitu of Kenya Special Adviser on Prevention of Genocide

United Nations Secretary-General António Guterres announced today the appointment of Alice Wairimu Nderitu of Kenya as Special Adviser on the Prevention of Genocide. She succeeds Adama Dieng of Senegal, to whom the Secretary-General has expressed deep gratitude for his dedicated leadership and achievements. The Secretary-General also wishes to extend his appreciation to Navamanee Ratna (Pramila) […]

Press Releases

Concluding Session, First Committee Approves 15 Drafts on Regional Security, Disarmament Machinery, Agrees on 2021 Work Program

Sending a total of 72 draft resolutions and decisions to the General Assembly, the First Committee (Disarmament and International Security) concluded its seventy-fifth session today, approving 15 drafts and agreeing on its 2021 programme of work. “We need to convey to the victims of weapons of mass destruction that we have fulfilled our mandate to […]