Tag: Economic Development

“Many of our governments will only act on this [problem of illicit financial flows] if there is pressure from the people,” said a much applauded Chairman of the High Level Pane...

Countries agreed on 15 July 2015 on a series of bold measures to overhaul global finance practices and generate investments for tackling a range of economic, social and enviro...

Illicit financial flows (IFFs), stemming from crime, corruption, and tax evasion, have an outsized impact on the world’s poorest countries, according to a new study released on 3...

Kenya loses an estimated Sh639 billion annually in tax evasion by multinational corporations, significantly hampering economic growth. A report released by the Tax Justice Network...

Post-2015 Financing for Development: Multilateral Development Finance Statement by the Heads of the African Development Bank, the Asian Development Bank, the European Bank for Rec...

We, the Heads of State and Government of the African Union, having met at our Twenty Fourth Ordinary Session of the AU Assembly in Addis Ababa, Ethiopia, from 30 to 31 January 2015...

Low-income economies aspiring to make a decisive stride toward middle-income status may learn a lot from the experience of peer countries that have made the move, brainstorming par...

The 4th Joint African Union Commission/United Nations Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development was held in 2011....

A new development plan designed to help Senegal exit a trap of low growth and high poverty can boost the economy if it is consistently implemented, the IMF staff said in its r...

Sub-Saharan Africa’s small middle-income countries should implement strong reforms to boost growth and avoid the “middle-income trap,” seminar participants concluded in Mauri...

Worldwide, close to 1 billion people live in poverty on less than $1.25 per day and more than 800 million are undernourished. Many of them are on the front lines of climate change....

Fraudulent trade transactions channeled at least US$60.8 billion illegally in or out of 5 African countries from 2002-2011 The fraudulent misinvoicing of trade is hampering econom...

The Seventh Joint AU Conference of Ministers of Economy and Finance and ECA Conference of African Ministers of Finance, Planning and Economic Development will be held on ...

There has been a general improvement by several mining companies, as well as some governments and policy makers, concerning transparency in mining deals and taxation in Africa, acc...

Low-income populations benefit the most from technological innovations such as mobile payments, mobile banking, and borrower identification based on fingerprinting and iris scans, ...

Mozambique is one of the Southern African Development Community (SADC) members experiencing a steady economic growth in the region. Macroeconomic policy is deemed sound and the Gro...

The leaders of Africa, the world’s poorest continent in terms of economy but richly endowed in natural resources are facing the devil’s choice: to either invest their natural r...