Africa Oil & Gas: IMF’s Lagarde Urges Angola to Lower Dependence on Oil

Africa Oil & Gas: IMF’s Lagarde Urges Angola to Lower Dependence on Oil

(Bloomberg) — Angola, Africa’s second-biggest oil producer, should lower the economy’s dependence on oil and its vulnerability to the commodity’s price fluctuations so that enough resources can be made available to improve living standards in the nation, International Monetary Fund Managing Director Christine Lagarde said. Advertisements

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Mozambique Oil & Gas: “Gas will make economy grow by 11.1% in 2023” – IMF

Mozambique Oil & Gas: “Gas will make  economy grow by 11.1% in 2023” – IMF

Mozambique’s economy is expected to grow at a rate of 11.1 percent by 2023, by which time the exploitation of natural gas deposits in the north of the country is expected to have begun, according to the latest forecasts by the International Monetary Fund.

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Africa Mining: Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

Africa Mining: Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

ACCRA – Ghana’s opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country’s debt burden, it said on Thursday.

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Mining: Africa Breaks Ranks With World Bank and IMF On Coal

Abuja — The African Development Bank (ADB) is set to back coal-fired projects in Nigeria, Kenya and Senegal in a departure from the International Monetary Fund (IMF) which has a ban on fossil fuels. Kenya is developing a one-gigawatt generator near Lamu on the coast, using the latest clean-coal technology but the World Bank and IMF have refused to engage on the project. They have also banned funding to South Africa’s Eskom for coal plants….

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Africa Oil & Gas: IMF recommends Timor-Leste exercise restraint in the use of Oil Fund

The final balance of the Timor-Leste Oil Fund fell to US$ 5.8 billion (about 570% of GDP) in 2016, the second year of a net reduction, the International Monetary Fund (IMF) reported in a statement released in Washington.

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