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Countries
- The trio’s collaboration focuses on a joint response that will help countries better prepare and respond to public health threats.
- Trio says their alliance will leverage each other’s expertise to help countries strengthen pandemic preparedness and enhance resilience during pandemics.
- According to the WHO, the COVID-19 pandemic highlighted the need for new sources of financing to bolster health systems.
The leaders of the International Monetary Fund (IMF), the World Bank Group (WBG), and the World Health Organization (WHO) have agreed on a broad-based cooperation to boost the world’s pandemic preparedness.
In a statement to the press, the three global institutions said this cooperation will allow a scaling up of support to countries to prevent, detect, and respond to the next global health crisis.
“The stepped-up collaboration with the World Bank Group and the World Health Organization will help our institutions complement and leverage each other’s expertise to help our members …
- IMF: Juba is grappling with economic woes partly resulting from the spillovers of the war in Sudan and recurrent flooding.
- Oil revenues are exhausting because the pipeline that carries 70% of South Sudan’s oil exports has been inoperable since February 2024.
- These challenges are negatively impacting the country’s economic and social outcomes.
The ongoing war in Sudan, as well as floods attributable to extreme weather patterns, have pushed South Sudan’s economy to the red, with reports showing the country suffered -6 percent contraction in the period ending June 2024
In an update shared by the International Monetary Fund (IMF), South Sudan faces “several difficult macroeconomic challenges,” chocking growth in Africa’s youngest country.
The IMF said that authorities in Juba are grappling with economic woes “partly resulting from the spillovers of the war in Sudan and recurrent flooding.” The multilateral lender noted that this double whammy of challenges negatively impacts …
- Tanzania has received $149.4 million for budget support from the IMF.
- The lender has commended Dodoma’s ongoing economic reform and diversification plan.
- IMF approves $786.2 million for Resilience and Sustainability Facility (RSF)
Days after the International Monetary Fund (IMF) ranked Tanzania third on its list of top-performing African economies, its Executive Board has announced an immediate disbursement of about $149.4 million for budget support after completing the third review of the country’s Extended Credit Facility (ECF).
“The Executive Board also approved a 23-month arrangement under the Resilience and Sustainability Facility (RSF) of about US$786.2 million to support Tanzania’s efforts to build resilience to climate change,” the IMF reports.
In its report, the IMF attributed Dodoma’s economic performance to the country’s commitment to economic reform and diversification. The multilateral lender noted that the country is currently focusing on attracting foreign investment, promoting sustainable development, and fostering a favorable business climate.
The …
- The bulk of the financing will go toward tackling mpox in 14 most affected African countries, and enhancing readiness efforts in 15 others.
- Other funds will go into operational and technical support, ensuring that the plan is executed through a network of partners.
- Africa CDC and WHO hope to reduce the virus’s impact and curb its spread.
The World Health Organisation (WHO) and the Africa Centres for Disease Control and Prevention (Africa CDC) have teamed up to counter the spread of Mpox across the continent in a new plan estimated at $600 million. This initiative, which is set to run between September 2024 and February next year, is poised to firm up Africa’s capacity to check the spread of the virus, cushion the populations at most risk and curb the spread of the disease.
Across the continent, mpox is spreading, and although calls for vaccines continue to intensify, the need …
- Ahead of COP29, Africa’s climate finance strategy is based in three core pillars: scaling up adaptation funding, boosting mitigation efforts, and improving access to carbon markets.
- Without financial support, Africa could experience an annual loss of 5% of its GDP by 2040 due to adverse weather.
- While the stakes are high, populations across the continent will be watching to see how global powers will answer Africa’s plea.
As leaders from across the world ready to gather in Baku, Azerbaijan, for the 29th United Nations Climate Change Conference (COP29), Africa is rallying for a spirited push to secure climate finance deals at scale.
This agenda was unveiled at the 12th Conference on Climate Change and Development in Africa, hosted by Ivory Coast in Abidjan. This meeting was held on the sidelines of the 1oth Special Session of the African Ministerial Conference on the Environment (AMCEN).
Bringing together stakeholders such as …
- DRC announces receipt of the first shipment of 99,100 doses of JYNNEOS mpox vaccine.
- Africa CDC reports that another 100,900 mpox vaccine doses will arrive in DRC this Saturday.
- The country says the vaccination will prioritise health workers and vulnerable groups at higher risk of contracting mpox.
For millions of people in the Democratic Republic of Congo (DRC), the arrival of 99,100 doses of mpox vaccines presents hope and a lifeline as the disease threatens to damage the country’s socio-economic fabric. On Thursday, authorities in DRC announced the receipt of the first shipment of the JYNNEOS mpox vaccine.
This vital supply, facilitated by the Africa Centres for Disease Control and Prevention (Africa CDC) and UNICEF, marks the beginning of a nationwide vaccination campaign aimed at curbing the rapidly escalating mpox epidemic.
The first batch of vaccines was officially received by DRC’s Minister of Health, Samuel Roger Kamba, alongside high-ranking …
- Chinese leader Xi Jinping has pledged over $50 billion in financing for Africa over the next three years.
- This sets the stage for Beijing-led cooperation in the financing of infrastructure, trade, agriculture, mining, and energy projects.
- Beijing has also offered to create at least one million jobs in Africa.
In recent years, economies across Africa and the world’s second biggest economy, China, have been enjoying strong ties, powered by Beijing’s massive financing of key projects. A the ongoing China-Africa forum, several financing, investment, and trade deals are, however, poised to further cement this relationship, raising the continent’s relevance in the global contest for its rich resources and a fast growing market.
On Thursday, Chinese leader Xi Jinping’s pledged over $50 billion in financing for Africa over the next three years, setting the stage for deeper Beijing-led cooperation in critical industries such as infrastructure, trade, agriculture, mining, and energy.
The 2024 …
- Leaders of Africa’s big economies such as South Africa and Kenya are in Beijing seeking loans for big infrastructure projects.
- Kenya, for instance, is eager to secure additional financing to complete stalled BRI projects.
- In return, analysts say China is keen on creating avenues for accessing minerals and market opportunities for their finished products.
This week, the city of Beijing will be hosting a gathering that could shape the future of Africa’s economic landscape for years to come. The Forum on China-Africa Cooperation (FOCAC) is set to welcome a delegation of African leaders eager to secure substantial financing for key infrastructure projects back home.
Amidst intensifying global competition and shifting economic dynamics, this year’s China-Africa summit promises high-stakes discussions.
The Beijing Summit comes at a critical moment not only for Africa but also for China and the broader international community. Over the past decade, China has solidified its position as …
