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Russia’s invasion of Ukraine has significant economic, geopolitical, and social implications that reach African countries, too. Without swift action to shore up African economies, debt defaults, hunger, and instability could ensue.

We live in dangerous times. The world faces renewed uncertainty, as war comes on top of an ever-changing and persistent pandemic, now in its third year. Moreover, problems that predated COVID-19 have not gone away. When policymakers return to Washington in the coming days for the Spring Meetings of the IMF and World Bank, one ...

Policymakers should take immediate steps to offset the pain with targeted and temporary relief, IMF chief economist Pierre-Olivier Gourinchas said.

The effects of the war will propagate far and wide, adding to price pressures and exacerbating significant policy challenges

Global economic policymakers face a daunting agenda as they gather in Washington this week for the International Monetary Fund and World Bank spring meetings.

As the world is rocked by a confluence of crises, the global economic outlook for 2022 is becoming ever more uncertain and fragile. Prospects for sustainable development for all and achieving the Sust

(Bloomberg) -- Russia’s war with Ukraine has escalated sovereign-debt risks in sub-Saharan Africa, increasing the need for better relief measures to avert a “large wave” of crises among the region’s developing countries, the World Bank said.

The fallout of the Russia and Ukraine war has just helped tip two of world’s poorest countries into full-blown crises, and the list of those at risk – and the queue at the International Monetary Fund’s door – will only get longer from...

UK minister for Africa Vicky Ford has not identified the creditor that she says has been delaying the process

<p><span>Chairwoman Waters, Ranking Member McHenry, and Members of the Committee, thank you for giving me the opportunity to speak to you today. I am here today in my capacity as Chair of the National Advisory Council on International Monetary and Financial Policies (NAC) to discuss Treasury’s oversight of the International Financial Institutions (IFIs) and our role in promoting inclusive and sustainable growth, global monetary and financ...