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Tuesday, March 5, 2024

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IMF Warns Worst Global Recession Since 1930s

The global economy is facing its worst recession since the 1930s. That’s according to the International Monetary Fund, which has sharply cut its 2020 forecast...

IMF And World Bank Delegation Commends Measures Taken To Address Economic Challenges

Leading a delegation, the Executive Director and Administrator of the International Monetary Fund (IMF) to Mauritius, Mr Aivo Andrianarivelo, and the Alternate Executive Director...

Angolan Model Viewed As Early Example Of Chinese Debt-Trap Tactics

Angola is retreating in terms of its relations with China as the relationship was forged by Beijing for purely serving strategic self-interest in the...

Duval: “The Rupee Is Overvalued According To The IMF”

The Leader of the Opposition faced the press this morning along with other leaders of the Platform L’Espoir. The Opposition Leader also referred to...

Over 500,000 Tourists Since The Grand Reopening In October 2021

Tourism is obviously doing better in 2022 than 2021, but certainly will not reach the heights of the pre-pandemic period. According to a press...

Ghana Forced To Ask IMF For Help For Its Economy

Until now, Ghana had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency. Ghana, one...

IMF Says Mauritius Is Slowly Recovering From The Pandemic

The International Monetary Fund (IMF) has submitted its report after consultations with the Mauritian authorities in 2022. The report states that Mauritius is slowly...

Bankrupt Sri Lanka Hikes Taxes To Boost Revenue

Sri Lanka’s cash-strapped government announced on Tuesday massive, all-encompassing tax hikes in order to boost revenue. The announcement came as Sri Lanka is facing...

Parliament-Supplementary Appropriation Bill : Additional Rs 9.5 M Voted Unanimously

The Minister of Finances, Economic Planning and Development in his address said that the loans of Rs 145.7 billion voted in the 2021-2022 budget...

Seychelles’ Economic Reforms Are Model For Other Developing Countries, Says IMF Exec

Seychelles has overachieved in its macro-economic reforms and is an example for other developing countries, said an executive director of the International Monetary Fund (IMF) on Tuesday. Chang...
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