IMF affirms Kosovo's 2017 GDP growth forecast at 3.5%

IMF affirms Kosovo's 2017 GDP growth forecast at 3.5%

Prospera Giambalvo
Ottobre 12, 2017

The IMF said in late September that Egypt has made a "good start" to its reform programme.

The World Bank has said recovery is underway in Sub-Saharan Africa with the Gross Domestic Product (GDP) growth expected to strengthen to 3.2 per cent in 2018 following a sharp slowdown in the past two years.

"Helping low-income developing countries cope with the consequences of climate change is both a humanitarian imperative and sound global economic policy that helps offset countries' failure to fully internalise the costs of greenhouse gas emissions".

"So for insuring that you have the ability to use those revenues for enhancing expenditure, there is a need to make sure that interest to revenue is kept at reasonable level".

The Federal Government has so far raised $1.5 billion through Eurobond this year and another N100 billion through Sukuk bonds already invetsed in infrastructure funding.

On the rising debt profile, she said: "The concern in a number of oil exporters is that unless there is action now, debt which has been rising is a concern because of the interest payments".

For example, IMF's estimates suggest that a 1°C increase in temperature in a country with an average annual temperature of 25°C, such as Bangladesh, Haiti, or Gabon, would reduce per capita output by up to 1.5 percent, a loss that persists for at least 7 years.

This will enable them to take advantage of broader financial market development and access, while containing the associated risks, the IMF said.

The International Monetary Fund released its latest World Economic Outlook report, where it dedicated one complete chapter making the case for the unequal consequences of climate change that low-income countries will have to bear, urging rich countries to contribute more toward both climate change mitigation and adaptation efforts.

During the meeting high-ranking representatives of the IMF and the WB Group participating countries, other international financial institutions, the private sector and civil society will discuss the current state of the global economy, prevention of poverty and effectiveness of financial assistance, as well as challenges the global economy encounters. Joining him at the panel are: Naoko Ishii, CEO of GEF and Andrew Steer, Executive Director of World Resources Institute.