Ghana's external creditors are expected to hold discussions on Tuesday on whether to provide financial assurances that will clear the path for the executive board of the International Monetary Fund to approve a $3 billion financial aid package.
GLOBAL MARKETS Asia stocks posted gains on Tuesday, boosted by investor optimism that the region's central banks will continue to pause or end interest rate hike cycles, whatever action the U.S. Federal Reserve takes. WORLD OIL PRICES Oil prices rose on Tuesday on expectations that inventories in the U.S., the world's biggest crude consumer, are expected to fall and on signs that demand in emerging markets remains healthy. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on BURUNDI IMF
Burundi's economy is forecast to grow 3.3% this year from an estimated 1.8% in 2022, although delayed rains at the end of last year and limited fertiliser supplies will hurt agricultural production, the International Monetary Fund said on Monday.
YELLEN ZAMBIA, GHANA
U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, Treasury said on Monday.
CAMEROON DEBT
Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington's flagship trade initiative with Africa, its economy minister said on Monday.
ETHIOPIA SECURITY
Two Catholic Relief Services (CRS) workers were shot and killed on Sunday in Ethiopia's Amhara region, the charity said, amid violent anti-government protests triggered by a federal government decision to disband regional special forces units.
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