IOM - UN Migration’s Post

Did you know? Remittances > Foreign Direct Investment in Developing Countries On this Int. Day of #FamilyRemittances, we recognize the transformative role of remittances, especially in low- and middle-income countries. Swipe for more interesting facts!

International Monetary Fund LAMENTS ON SUBSIDIES , TAX BREAKS TOWARDS POOR PRODUCTIVITY Read: https://lnkd.in/diZrvctV Follow Business World Africa for exciting news updates in the African business space #business #africa #subsidy #Imf

𝗔𝗡𝗔 𝗕𝗥𝗘𝗔𝗞 𝗡𝗘𝗪𝗦 Visit our website and read our hourly news briefs to keep up with the latest news from the continent. #WorldBank #BurkinaFaso #Cooperation #EconomicDevelopment

Namibia: 2023 Article IV Consultation-Press Release; and Staff Report - International Monetary Fund: Namibia: 2023 Article IV Consultation-Press Release; and Staff Report  International Monetary Fund

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

The country holding the most, 43%, of International Monetary Fund’s SDRs (Monopoly Money) is now $35,000,000,000,000 in debt while collecting $4.4 T in revenue and has a potential debt cost of $1.7 T (40% of taxes) and African nations are the ones with the low credit rating? The debt cannot be paid and other countries should be ranked AAA (on a relative basis). Chart below shows breakdown of the $4.4 T in taxes. #usa #debt #economy #africa #kenbright

Cyprus is thriving, thanks to foreign investment! 🌟 The government sees these investments as the bedrock of innovation and sustainable growth. President Nikos Christodoulides recently outlined key pillars that ensure Cyprus maintains a vibrant economy: - Responsible fiscal policies for a stable macroeconomic environment. - Enhancing financial sector stability to reduce non-performing loans. - Long-term strategies like 'Vision 2035' focusing on green and digital transitions. This carefully crafted economic environment benefits everyone, from businesses to individual investors. Understanding these strategies can help in making informed insurance and financial decisions that align with economic trends. For more insights on how these developments impact your financial planning and insurance needs, reach out to me directly! 📩 #EconomouInsurance #CyprusEconomy #ForeignInvestment #FinancialPlanning #SustainableGrowth #InsuranceInsights

This report issues specific and urgent calls for reform, including more representative global governance, increasing the World Bank’s operational and financial capacity, prioritizing programs that would integrate Africa into the global economy, connecting the continent’s critical infrastructure and trade routes, and increasing participation and collaboration with bilateral public and private lenders and investors, such as China, sovereign wealth funds, and multinationals. https://lnkd.in/eVnpr29D

The country currently faces several structural issues including the vicious cycle of high budget and balance-of-payments deficits, rising debt and chronic foreign exchange crises, which have led to repeated IMF bailouts. Attracting foreign investment is crucial to resolving these problems. This requires both economic and political stability in the country in order to build investor confidence. Moreover, to attract FDI, leadership is key and plays a very significant role in presenting a positive image of a country to the rest of the world. Jhangir Shah Zhob