MEDI1TV Afrique : JT Economie - 18/04/2024
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00:00Welcome to Median TV, it's time for your daily meeting with economic news.
00:12At the beginning of this edition, Morocco plans to invest significant sums for the realization of 441 investment projects
00:21in the framework of the development of the Aguacol sector.
00:24According to the Minister of Agriculture and Maritime Fisheries, 311 projects have been authorized,
00:32143 are in the process of assembly and 66 are in the process of realization.
00:38The Minister also specified that of the 441 Aguacol projects,
00:43123 have a social character for the benefit of young entrepreneurs,
00:48including 10 traditional fishing cooperatives.
00:51Eight development plans for marine aquaculture have also been implemented and cover 65% of the national coast.
01:00We stay in Africa, precisely in Ivory Coast,
01:04which needs 22 billion dollars to finance its ecological transition by 2030,
01:10according to the Ivorian Minister of Environment and Ecological Transition.
01:15The Minister has thus launched a call to the private sector for participation in the financing.
01:21The goal is to accelerate the transition to a more respectful environment economy.
01:28The Minister also highlighted the importance of the transition to a green economy
01:33in order to fight against the harmful effects of global warming,
01:38while focusing on the need to reduce greenhouse gas emissions.
01:44The Ivory Coast has highlighted its climate ambitions,
01:48which aim to reduce greenhouse gas emissions by 30.41% by 2030,
01:55to increase its capacity for carbon sequestration and to increase the resilience of the country.
02:02And then in international news,
02:05the IMF has raised its growth forecasts for Russia's GDP to 3.2% by 2024,
02:12which is an increase compared to the previous forecasts of 2.6% published in January.
02:18Russia's GDP growth forecasts for 2025 have also been revised to an increase of 1.8%.
02:27According to the IMF, Russian inflation rose to 5.9% last year
02:35and it should reach 6.9% this year before falling to 4.5% in 2025.
02:44As for the unemployment rate, it was 3.2% in 2023.
02:49According to the experts of the IMF,
02:54this year the indicators of the G7 countries,
02:57whose growth rate was also between 1.1% and 2.5% in 2023,
03:04and between 0.2% and 2.7% in 2024.
03:10And according to the official forecasts of the Russian Ministry of the Economic Department published in 2023,
03:17Russia's GDP growth should be at 2.3% in 2024 and 2025.
03:24We now go to Korea, where the growth forecast was maintained at 2.3% in 2024,
03:31according to the International Monetary Fund.
03:34This forecast is the same as the one that advanced in January,
03:37when the IMF revised its growth prospects for the Korean economy for this year,
03:44citing an important resilience of the global economic activity.
03:48This estimate of the IMF is more optimistic than the projection of the OECD
03:54and the Korean government, which tabled on a 2.2% growth.
03:59On the other hand, the Bank of Korea also forecasts an economic growth of 2.3%.
04:07The IMF has also maintained its GDP growth forecast for next year at 2.3%.
04:14The Korean economy is on the way to recovery thanks to the increase in exports,
04:20in particular those of semiconductors.
04:23In March, exports increased from 3.1% per annum to 52.2 billion dollars
04:30and thus displayed an increase for the sixth month in a row.
04:35And finally, we go to South America,
04:38where the economic growth prospects for this year have been highlighted
04:42in the latest IMF report, which highlights Brazil's performance
04:47and is pessimistic about Argentina.
04:50The IMF thus projects a growth of 1.4% this year in the region
04:56and 2.7% expected in 2025.
05:00Noting that Brazil's GDP, the first South American economy,
05:04should grow by 2.2% this year and 2.1% in 2025
05:11thanks to a dynamic monetary policy and a strong budgetary impulse.
05:17As for the second South American economy, which is Argentina,
05:21it will be the only one in the South American region to record a decrease.
05:25Among the other major economies in the region,
05:28Venezuela would expect a 4% growth this year,
05:32followed by Paraguay, Uruguay, Peru, Chile, Colombia and finally Ecuador.
05:39As for the inflation rate in the countries of the region,
05:42the IMF expects it to be 16.7% in 2024,
05:47before falling to 7.7% in 2025.
05:52This is the end of this edition.
05:54Thank you for watching.
05:55See you next time on Median TV.