Benin’s economy is showing strong momentum as the International Monetary Fund (IMF) completes the final reviews of Benin’s programmes under the Extended Fund Facility, Extended Credit Facility, plus the Resilience and Sustainability Facility.

Global oil prices jumped to a four-year high of more than $126 a barrel on Thursday on concerns ​that the United States (US)-Iran war could worsen and lead to a protracted Middle East supply disruption that could hurt global economic growth, but later retreated.

Gabon’s Finance Ministry said this Thursday it had signed an additional programme worth $150 million with the World Bank

The Government of Guinea, working with the World Bank Group, has launched the Guinea AgriConnect Compact, a strategic framework intended to accelerate agrifood transformation, strengthen food plus nutrition security, create decent jobs, plus position agriculture as a driver of inclusive growth plus industrialisation.

The African Development Bank Group (AfDB) has approved $48.8 million in financing for a crisis response project aimed at supporting communities affected by conflict in eastern Democratic Republic of the Congo (DRC).

A new International Monetary Fund (IMF) publication released in April has warned that countries across North Africa and the broader Middle East (MENA) face growing pressure to overhaul tax systems to strengthen public finances, support development goals, reduce inequality, and improve resilience to external shocks.