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Participants urged for further reforms and convergence of monetary policy frameworks and operations, and the establishment of a new institutions within the region.
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Few figured Senegal would ever end up as one of the emerging countries in Africa. But Senegal’s ascent, which began to take shape over a decade ago, represents a seismic shift in redefining Africa’s political and economic landscape. There’s a similar story currently unfolding in Cote d’Ivoire.
Continue reading The project, a three-year capacity development project which will benefit 17 Francophone African member countries from both the Central Economic and Monetary African Community and West African Economic Monetary Union.
Continue reading Turmoil in Asian markets and deepening concerns for Chinese economy continued to keep investors and the financial industry on their toes.
Continue reading The International Monetary Fund Managing Director, Ms. Christine Lagarde, is on a six-day trip to two African countries, Nigeria and Cameroon, to meet with government officials, business leaders and civil society leaders as part of the organization’ efforts to strenghten ties with African countries.
During her trip, which began yesterday and will end on Saturday, January 9, Ms. Lagarde will meet with Nigeria’s President Muhammad Buhari and senior members of his team, as well as with lawmakers, civil society, business and women leaders to discuss ways IMF can support Nigeria in attaining its economic advancement goal while also mitigating the impact of weakening global oil prices on the country’s overall economy.
Ms. Lagarde will also stop in Cameroon, the largest economy in Central Africa and one of the most diversified economies in Africa, where she will meet with the country’s President Paul Biya and his economic team, along with business executives, women leaders, and civil society leaders to discuss economic reforms, domestic and regional integration.
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