IMF Staff Concludes Visit to Kosovo
“Amid a challenging global context, macroeconomic conditions in Kosovo have remained favorable so far in 2023. Growth remains resilient, inflation continues to decline, and the current account deficit has started to narrow. Fiscal revenues continue to grow at a healthy pace, the implementation of public investment program has picked up, and fiscal buffers have remained at appropriate levels. However elevated global volatility and tensions in northern Kosovo remain risks to the outlook that if materialized could add to policy challenges”.
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development Bank 2023 East Africa Economic Outlook.
West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report.
African Development Bank Group Vice President Solomon Quaynor has concluded a tour of Export Trade Group (ETG)’s southern Africa operations, signalling the potential for stronger partnership with the agribusiness giant to boost livelihoods on the continent.