Business Insider Africa ’s Post

S&P Global Ratings has projected that Ethiopia will finalize an agreement with the International Monetary Fund by the first quarter of next year, a milestone the agency says is critical for debt relief recently negotiated with major Paris Club creditors to take effect. The forecast comes as S&P downgraded Ethiopia's sovereign credit ratings today to selective default status following its suspension of Eurobond coupon payments. However, the agency views securing an IMF program as central to stabilizing Ethiopia's public finances. Read More: https://lnkd.in/eWcZ9peM

The prime preconditions set by IMF is devaluation so as to allocate the required finance. That means, this shocking devaluation will be made in the following weeks. What measures should be taken by individuals in advance to shouldered this shocking devaluation? Please suggest for the business operators and commoners who have both fixed and liquid assets and who don’t have both respectively????

#Editorial Risky reforms As the International Monetary Fund (IMF) recently approved billions in extended credit facility for Ethiopia, the country faces a delicate balancing act in pursuing necessary macroeconomic reforms. While addressing Ethiopia’s pressing economic challenges of high inflation, foreign exchange shortages, and unsustainable debt is critical, policymakers must navigate these changes cautiously given the country’s ongoing struggles with the rule of law and security. Read More 👉 https://lnkd.in/deqVPtGC

The national debt of the three Sahelian countries that left the Economic Community of West African States (ECOWAS)  on January 28th is projected to reach $44bn in 2028. That’s three times more than in 2018, according to the International Monetary Fund

It is an extremely busy time for the IMF and Africa. Economic shocks stemming from the pandemic, higher interest rates and the impact of global and local conflicts have radically altered the funding environment for African governments. Amid these challenges, there has been some success. The Gambia has been making progress on IMF-backed exchange-rate and fiscal reforms that will strengthen fundamentals and help to manage external debt. Access the full article: http://econgrp.co/yY Learn how you can access EIU’s award-winning economic and political intelligence: http://econgrp.co/yX #thegambia #imf #monetarypolicy #africa

Africa's access to affordable financing has slowed to a trickle. With global inflation and rising interest rates locking most African governments out of Eurobond markets, the continent desperately needs new solutions. Traditional debt restructuring talks are painfully slow, taking years to reach agreements - like Zambia's stalled landmark deal. But Africa requires faster alternatives to navigate its brewing debt crisis. So, what are the alternatives gaining momentum in this difficult economic environment and will this be enough? Read more @theafricareport

Boldness in Effective Servant Leadership: From Vision to Bold Action for Bold Real-world Solutions and Quality Results: Does Responsible Artificial Intelligence (AI) have the potential to prevent FRAUD and CORRUPTION, streamline inefficient processes, and help organizations save millions, billions, and even trillions of dollars? My Leadership Legacy, Milestones, Accomplishments, Achievements, and Scientific Journey around the Globe: What is Responsible Artificial Intelligence (AI) Technology? How to drive Digital Transformation for innovating BOLD solutions? How to create global UPSKILLING opportunities to unlock human potential and unleash productivity? 1) What is ESG? About Governance and Best Business Practices? Does AI have the potential to help turn Vision into BOLD Action for making dreams come true? Is Technology a Game-changer? 2) The Qualitative Artificial Intelligence (AI) Scientific Approach to Transform ambitious ideas into BOLD action: How can Responsible Generative AI (GenAI) help experienced and talented EXPERTS transform global challenges - such as Climate change, Climate finance, Climate emerging technology, Climate strategy and Climate ecosystem - into great opportunities for all? As a global servant leader, lifelong learner, voracious reader and world-class traveler, I am passionate about UPSKILLING and RESKILLING to continue sharpening my global leadership skills and enhancing my expert-knowledge while making a positive difference. I take pride in making a positive difference. 1) What is Policy? Can AI have a significant impact on Policy Design, Formulation and Implementation? 2) Does Policy refer to a set of principles, guidelines, or rules formulated by a government, organization, or individual to achieve specific objectives? 3) Should Policy define how decisions are made and actions are taken in a particular area? Upskilling Imperative in the Digital Age of Change: As a successful servant leader, I am committed to motivating, inspiring, coaching, mentoring and building upskilling and reskilling opportunities to close digital divide, bridge digital skill gaps, unlock human potential to transform global challenges into great opportunities. I am honored to join the multinational TEAM of Experts from 190 countries at the 2024 Special Meeting on "Global Collaboration, Growth and Energy for Development", from April 28-29 in Riyadh, Saudi Arabia. The special meeting convened key stakeholders from governments and international organizations, business leaders from the World Economic Forum’s partner companies, as well as Young Global Leaders, experts, and innovators. What is the World Economic Forum (WEF)? "Dear Mr. Beuns, thank you for your contributions to making the World Economic Forum (WEF) 2024 Annual Meeting an impactful global event from Jan 15-19 in Davos, Switzerland, Europe. We look forward to continuing our work together and converting new ideas into positive outcomes throughout the year."

Here's an edited version of my on-stage conversation with Nigeria's finance minister Wale Edun at last week's AFRICA FINANCIAL INDUSTRY SUMMIT - AFIS in Togo. Our discussion touched on the next priorities for the country's reform agenda and the impact of recent measures to increase foreign exchange flows. #nigeria #togo #afis2023

International Monetary Fund Agreement: Kenya Navigates Economic Challenges and Reforms IMF and Kenya reach agreement for USD 976 million, pending Board approval, urging fiscal reforms amid economic challenges and Eurobond repayment. Read more: https://bit.ly/3KHuCmE #globalbusinessoutlook #imf #kenya #economicreforms #fiscalpolicy #economy #eurobond #resilienceandsustainability #economicgrowth #financialreform