shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » IMF tasks Africa on global meltdown

IMF tasks Africa on global meltdown

by Joshua
February 8, 2009
in Uncategorized

The International Monetary Fund (IMF), said last week at the African Union (AU), Summit in Add is Ababa, Ethiopia, that the impact of the global financial meltdown on Africa was underestimated. Speaking at the summit, Deputy Managing Director of the global body, International Monetary Fund (IMF), Takatoshi Kato, said: “The global financial crisis presents tremendous challenges for Africa, notwithstanding laudable progress over the past 10 years to put in place sound and sustainable economic policies that have delivered robust growth and low inflation. The fruits of these efforts, which together with debt relief, have resulted in low levels of public debt, relatively sound financial systems, and a rise in living standards, are now at risk.”
He said: “the effects of the crisis are more significant than widely anticipated a few months ago largely because the downturn in the advanced economies has been stronger than expected, commodity prices have dropped more sharply than anticipated, generalized external funding pressures have surfaced, and the risk appetite among foreign investors in Africa has deteriorated”.


Related Posts

Customs Seize Contraband, Destroy Raw Donkey Skin In Adamawa

FG To Shutdown Adeniji/Adekunle Third Mainland Bridge Ramps For Repairs On Monday

November 18, 2023
FG Rakes in N4.3trn From Oil In 2021, N2.3trn In 2023 — Report

FG Rakes in N4.3trn From Oil In 2021, N2.3trn In 2023 — Report

September 25, 2023
Oil Theft: Security Agencies Accuse Mdas, Oil Coys, Communities, Others Of Collusion

ANLCA Elects Emenike Nwokeoji As National President, Promises Unity and Progress

September 8, 2023
International Shipping Companies Threaten To Stop Trading In Nigeria Over Backlog Of Tax Claims

FG Targets N553bn From Unremitted Shipping Taxes

July 6, 2023

Discussion about this post

Latest News

Navy Hands Over 14 Crew Members To Department Of Fisheries, Others

Navy Acquires 12 UAVs To Improve Fight Against Maritime Crime

December 9, 2023

Tanita Securities Threatens To Release Video Of Naval Officers’ Shady Deal

Navy Hands Over 14 Crew Members To Department Of Fisheries, Others

Vessels Expected At Lagos Ports As At 8th December, 2023

Vessels Expected At Lagos Ports As At 6th December, 2023

Vessels Expected At Lagos Port As At 5th December, 2023

Crude Oil Theft: Navy Nabs Oil Vessel With 17 Crew

For The 3rd Time, FG Increases Import Duty Rate

NIMASA DG Calls For Contributory Pension  For Dockworkers 

Smugglers Using Fake Presidential Number Plates, Others, Laments Customs Comptroller

Stakeholders Urges Nigeria To Harness Blue Economy Potentials, Urge Disbursement of CVFF

MWUN Lament Poor State Of Port Access Road Calls For Urgent Rehabilitation   

kindly like our Facebook page

Health

Frequently Asked Questions About Suicide
Health

Frequently Asked Questions About Suicide

November 7, 2023

Suicide is a major public health concern. When a person dies by suicide, the effects are felt by family, friends,...

Some Facts You Need to Know About Stroke

November 2, 2023
Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

November 2, 2023
Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

October 25, 2023
Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

October 23, 2023
Depression Alerts To Watch Out For By Everyone

Depression Alerts To Watch Out For By Everyone

October 23, 2023
The ‘Ordeal’ Called Fibroid

The ‘Ordeal’ Called Fibroid

October 17, 2023
ABC Of Mental Health?

ABC Of Mental Health?

October 17, 2023
World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

October 17, 2023
The Usefulness In Watermelon Seeds You May Not Know

The Usefulness In Watermelon Seeds You May Not Know

October 9, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition