Experts call for measures to avert economic crisis in Africa

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Experts call for measures to avert economic crisis in Africa

STORY: Experts call for measures to avert economic crisis in Africa DATELINE: Oct. 27, 2022 LENGTH: 00:01:39 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the Regional Economic Outlook STORYLINE: Financial experts on Tuesday called for the effective implementation of measures in order to avert an economic crisis in Africa. Catherine Pattillo, deputy director of the African Department at the International Monetary Fund (IMF), said in Nairobi, Kenya's capital, that the global recession coupled with rising food and energy prices is likely to impact the region's most vulnerable residents. "African policymakers should prioritize interventions that boost social safety nets as one of the avenues toward sustainable economic recovery," Pattillo said during a discussion on the IMF's Regional Economic Outlook. She noted that the implementation of fiscal consolidation will help reduce budget deficits as well as external borrowing costs. Pattillo also called for enhanced domestic resource mobilization

  • Product Code
  • ILEA001030252
  • Registered date
  • 2022/10/27 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 84.62(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Egyptian PM commends IMF loans

    STORY: Egyptian PM commends IMF loans SHOOTING TIME: April 28, 2024 DATELINE: April 29, 2024 LENGTH: 00:00:35 LOCATION: Riyadh CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Prime Minister Mostafa Madbouly attending a special meeting of the World Economic Forum in Riyadh (Courtesy of the Egyptian Cabinet) STORYLINE: During a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva in the Saudi capital of Riyadh on Sunday, Egyptian Prime Minister Mostafa Madbouly expressed gratitude for the collaboration between the Egyptian government and the IMF. The two leaders were in Riyadh to attend a special meeting of the World Economic Forum (WEF). Madbouly emphasized that the IMF's approval to increase the value of the financing program provided to Egypt reflects the high level of confidence the international financial institution has in the Egyptian economy. Egypt has met seven commitments out of 15 pledges under its ongoing eight-billion-dollar Extended Fund Facility (EFF)

      Chinese scientist wins UNESCO prize for research in life sciences

      STORY: Chinese scientist wins UNESCO prize for research in life sciences SHOOTING TIME: April 23, 2024 DATELINE: April 25, 2024 LENGTH: 00:01:23 LOCATION: Addis Ababa CATEGORY: SCIENCE SHOTLIST: 1. various of the awarding ceremony 2. SOUNDBITE 1 (English): QU XING, UNESCO deputy director-general 3. SOUNDBITE 2 (English): MONIQUE NSANZABAGANWA, Deputy chairperson of the African Union Commission STORYLINE: The United Nations Educational, Scientific and Cultural Organization (UNESCO) announced on Tuesday that three scientists from China, Egypt, and Greece won the 2024 UNESCO-Equatorial Guinea International Prize for Research in the Life Sciences. Qiao Jie of China, Mohamed Ali Farag of Egypt, and Triantafyllos Stylianopoulos of Greece received the awards for their outstanding contributions to improving the quality of human life through scientific research at a ceremony held in Addis Ababa, the capital of Ethiopia, on the sidelines of the 10th Africa Regional Forum on Sustainable Development. "You have

        Chinese, Kenyan participants attend forum to discuss modernization pathways

        STORY: Chinese, Kenyan participants attend forum to discuss modernization pathways SHOOTING TIME: Nov. 14 2023 DATELINE: Nov. 16, 2023 LENGTH: 00:03:57 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of participants signing in and communicating outside the forum 2. various of the forum 3. SOUNDBITE 1 (English): PETER KAGWANJA, President and chief executive officer of Africa Policy Institute 4. SOUNDBITE 2 (English): HASSAN KHANNENJE, Director of the HORN International Institute for Strategic Studies 5. SOUNDBITE 3 (English): DENNIS MUNENE MWANIKI, Executive director of the China-Africa Center at Africa Policy Institute STORYLINE: Representatives from China and Kenya on Tuesday attended a forum held in the Kenyan capital of Nairobi, where they discussed viable pathways for both sides to pursue in their quest for modernization. Themed "Modernization Paths for China and African Countries," the Hong Ting Forum-Dialogue in Nairobi, which attracted participants including diplomats, scholars, and media

          Kenya projects economy to grow 5.5 pct in 2023

          STORY: Kenya projects economy to grow 5.5 pct in 2023 SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 00:01:53 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of Nairobi 2. various of the NCBA Bank 2024 Macroeconomic Outlook Forum 3. SOUNDBITE (English): SUSAN KOECH, Deputy governor of Central Bank of Kenya 4. various of the NCBA Bank 2024 Macroeconomic Outlook Forum 5. various of Nairobi STORYLINE: Kenya's economy is projected to grow 5.5 percent in 2023, compared to 4.8 percent recorded in 2022, a government official said Tuesday. Susan Koech, the deputy governor of the Central Bank of Kenya, told a forum in Nairobi, the capital of Kenya, that the growth will be driven by a rebound in the agricultural and services sector as well as government measures implemented to stimulate the manufacturing sector. SOUNDBITE (English): SUSAN KOECH, Deputy governor of Central Bank of Kenya "Despite the global uncertainties, Kenya's growth has remained strong and is expected to remain above the

            Chinese-built railway helps drive economic, social development in Kenya

            STORY: Chinese-built railway helps drive economic, social development in Kenya DATELINE: Oct. 15, 2023 LENGTH: 00:02:05 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the Chinese-built Nairobi-Mombasa Standard Gauge Railway 2. SOUNDBITE 1 (English): ABABU NAMWAMBA, Cabinet secretary for youth affairs, sports and the arts, Kenya 3. SOUNDBITE 2 (English): ERASTUS MWENCHA, Former Deputy Chairperson of the African Union Commission 4. SOUNDBITE 3 (English): DENNIS MUNENE MWANIKI, Executive Director, China-Africa Center, Kenya STORYLINE: The Nairobi-Mombasa Standard Gauge Railway in Kenya is a flagship project of the China-proposed Belt and Road Initiative (BRI). Passenger train service on the 480-km railway was launched on May 31, 2017. By mid-2023, more than 10 million trips had been made and more than 25 million tonnes of goods had been delivered on the railway, which has driven the economic and social development of areas along the route in Kenya. SOUNDBITE 1 (English): ABABU NAMWAMBA, Cabine

              Higher interest rates "important driver" of global debt growth: IMF fiscal chief

              STORY: Higher interest rates "important driver" of global debt growth: IMF fiscal chief DATELINE: Oct. 14, 2023 LENGTH: 0:03:04 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): VITOR GASPAR, Director of IMF's fiscal affairs department STORYLINE: An International Monetary Fund (IMF) senior official has said that with global public debt projected to grow faster, higher interest rates have been pushing up borrowing costs, becoming an important driver of public debt dynamics. SOUNDBITE 1 (English): VITOR GASPAR, Director of IMF's fiscal affairs department "Global public debt went up quite a lot in the year of the pandemic 2020. Then given very strong catch-up growth from the contraction in the pandemic plus inflation surprises, it came sharply down in 2021 and 2022. But as you said, public debt ratios are now higher and they're projected to grow faster than under pre-pandemic projections." According to the newly released IMF's Fiscal Monitor, total debt liabilities of governments

                China's Jiangxi holds trade, investment promotion forum in Kenya

                STORY: China's Jiangxi holds trade, investment promotion forum in Kenya DATELINE: Oct. 10, 2023 LENGTH: 00:02:54 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the forum 2. SOUNDBITE 1 (English): ABUBAKAR HASSAN ABUBAKAR, Principal Secretary of Kenya's State Department for Investment Promotion 3. various of the forum 4. SOUNDBITE 2 (English): ERIC RUTTO, President of Kenya National Chamber of Commerce and Industry 5. various of the forum STORYLINE: A forum was held in Nairobi on Monday to promote investment and trade cooperation between Kenya and east China's Jiangxi Province. The China Jiangxi International Economic and Trade Cooperation Forum was held under the theme of "Promoting friendly cooperation and promoting common prosperity." Convened by the Kenya National Chamber of Commerce and Industry (KNCCI), the one-day forum discussed collaboration in key sectors like manufacturing, clean energy, healthcare, tourism, mining and information and communications technology. SOUNDBITE 1 (Englis

                  African experts call for investments in decentralized energy systems to spur green growth

                  STORY: African experts call for investments in decentralized energy systems to spur green growth DATELINE: Sept. 10, 2023 LENGTH: 00:02:17 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the climate change week conference 2. SOUNDBITE 1 (English): OLUFUNSO SOMORIN, Regional principal officer of climate change and green growth at the African Development Bank (AfDB) 3. various of the climate change week conference 4. SOUNDBITE 2 (English): DAN KITHINJI MARANGU, Director of renewable energy in Kenya's Ministry of Energy and Petroleum 5. various of scientists at the climate change week conference STORYLINE: African countries should invest in decentralized energy systems like mini-hydropower and solar plants to ensure off-grid communities have access to low-carbon electricity for lighting and cooking, experts said Thursday during the Africa Climate Week held in Nairobi, the Kenyan capital. Targeted investments in small-scale renewable energy projects will help electrify Africa's marginalized com

                    IMF urges India to lift rice export ban

                    STORY: IMF urges India to lift rice export ban DATELINE: July 27, 2023 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY/MARKET SHOTLIST: 1. various of India gate 2. various of rice field 3. various of rice wholesale market 4. various of rice 5. various of export containers STORYLINE: The International Monetary Fund (IMF) has encouraged India to remove restrictions on the export of a certain category of rice, saying it would have an impact on global inflation. The Indian government on July 20 banned the export of non-Basmati white rice to boost domestic supply and keep retail prices under check. Such restrictions are likely to exacerbate volatility in food prices in the rest of the world and lead to retaliatory measures, which can be harmful globally, Pierre-Olivier Gourinchas, IMF's Chief Economist and Director of the Research Department, told a press conference after the release of the World Economic Outlook on Tuesday. The IMF also projected India's gross domestic product (GDP) growth rate to be

                      Chinese, African scientists call for climate-resilient food systems to beat hunger

                      STORY: Chinese, African scientists call for climate-resilient food systems to beat hunger DATELINE: June 27, 2023 LENGTH: 00:03:00 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various of UNEP Headquarters in Nairobi 2. various of the conference 3. SOUNDBITE 1 (Chinese): ZHANG LINXIU, Director of UN Environment Programme-International Ecosystem Management Partnership (UNEP-IEMP) 4. SOUNDBITE 2 (English): AGGIE KONDE, Vice president of Program Innovation & Deliver at the Nairobi-based Alliance for Green Revolution in Africa (AGRA) 5. various of delegates taking group photos and logos STORYLINE: Chinese and African scientists on Monday renewed the call for upscaling farming systems that are in harmony with nature and resilient to climatic shocks in order to overcome hunger and malnutrition. Speaking at a forum in the Kenyan capital of Nairobi, the scientists acknowledged Africa's growing hunger crisis, stressing that a durable solution hinged on transiting to climate-smart food production methods. Yan Z