DRFF in the News
Jun 22
2023
June 22, 2023— The World Bank Group today announced a suite of new and expanded actions to help countries respond quickly and effectively to an ever-growing onslaught of crises. At the Summit for a New Global Financial Pact, Ajay Banga announced an expanded toolkit for crisis preparedness, response, and recovery that includes: (1) pausing debt repayments; (2) redirecting financing; (3) linking crisis preparedness and financing; (4); backstopping development projects with private sector support... Keep reading
Jun 19
2023
Niger's economy recovered strongly in 2022 after two years of weak growth. This is primarily due to a good agricultural season, thanks to favorable rainfall and an expansion of irrigated land. However, there are uncertainties and risks that could affect future growth, such as the security situation and climatic shocks. These are the findings of the World Bank’s latest economic update for Niger published today. The report titled " Strengthening Financial Resilience of Pastoralists to Drought " (... Keep reading
Jun 12
2023
According to the latest "Burkina Faso Economic Update", economic growth slowed to 2.5% in 2022, with the country posting the highest inflation rate in the West African Economic and Monetary Union (WAEMU), thereby exacerbating food insecurity. Following a robust recovery of 6.9% in 2021, GDP growth slowed in 2022 to 2.5% (corresponding to a contraction in GDP per capita of 0.1%), owing primarily to a 13.7% decline in mining activity as a result of mine closures. Average inflation reached 14.1%... Keep reading