Daily Archives: September 16, 2015
Illicit Financial Flows Outpace Foreign Aid and Investment Sustainable Development Goals Address Problem
Expert business resilience planning and risk consultant Tracey Linnell has joined forces with business trust guru Alan Hilburg, president and CEO of Hilburg Associates in the US and in South Africa, to expand the company’s portfolio of services.
The renewable energy sector is providing affordable power and energy sources to people and business. Evan Rice, CEO of Green Cape states the cost of renewable energy sources in the country has dropped drastically and are generating a great deal of power into the grid. The cost of solar projects has also dropped by 75% while costs of wind projects has dropped by 60%.
“The line between traditional media and digital media is blurred – consumers want more flexibility and freedom in how they consume content.”
United Nations human rights expert Chaloka Beyani, today strongly condemned the heinous attack against a camp for internally displaced persons (IDPs) in Yola, north eastern Nigeria, where some 32,000 IDPs have found refuge. Mr. Beyani expressed his dismay at the targeting of the camp, the first attack of this kind since the escalation of the crisis in northern Nigeria.
Democratic Republic of the Congo – IMF: DRC’s macroeconomic performance remained strong through the first half of 2015
On September 02, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Democratic Republic of the Congo (DRC).
A team from the International Monetary Fund (IMF), led by Christine Dieterich, IMF Mission Chief for Benin, visited Cotonou August 31–September 14 to conduct the 2015 Article IV Consultations. The team issued the following statement at the end of the mission:
IMF Executive Board Approves US$11.8 Million Disbursement Under the Rapid Credit Facility for the Central African Republic
On September 14, 2015, the Executive Board of the International Monetary Fund (IMF) approved SDR 8.355 million (about US$11.8 million) in financial assistance for the Central African Republic (C.A.R.) under the Rapid Credit Facility (RCF)1 to assist the authorities to meet urgent balance of payments of needs and to support the authorities’ emergency economic recovery program. The Board’s decision enables the disbursement of the full amount (15 percent of C.A.R’s quota at the IMF) and follows a disbursement of SDR 5.57 million (about $7.9 million) under the RCF in March 2015 (see Press Release No. 15/292).
An International Monetary Fund (IMF) mission led by Mr. Ali Mansoor visited Dakar from September 2–15, 2015 to conduct discussions on the first review of the three-year arrangement under the Policy Support Instrument (PSI) approved in June 2015. The mission met with the Prime Minister, as well as with the ministers responsible for economy and finance, planning, monitoring the PSI, the budget, energy, tourism and air transportation, the BCEAO National Director, other senior government officials and representatives of Senegal’s development partners. The mission wishes to thank the authorities for their warm hospitality, as well as the close working relationship and climate of openness in evidence throughout the discussions.
DRC: Lubumbashi prepares for Katanga Mining Week: free workshops, new technologies, high-level conference
“The best time to invest and seek to improve operational efficiencies”
An International Monetary Fund (IMF) mission led by Mr. John Wakeman-Linn visited Freetown from September 1–15, 2015 to conduct discussions on the joint third and fourth reviews under the Extended Credit Facility (ECF) Arrangement approved by IMF Management in October 2013 (see Press Release No. 13/410).