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Tag: IMF

Africa Business East Africa World 

IMF says Tanzania must publish Covid-19 data to get $574 mln loan

Elwin Mandowa, , , , , , ,
– – The International Monetary Fund has asked Tanzania to publish data on the spread of Covid-19 before getting approval for a $574 million emergency loan. Since last year May, Tanzania has not published any data on the extend of spread of Covid-19. The country’s previous president, John Magufuli was a critic and doubter of the pandemic and stopped the… Read More
Africa Business East Africa World 

Kenyans petition IMF not to give the government loans

Elwin Mandowa, , , , , , ,
– – Kenyans are signing an online petition to ask the International Monetary Fund (IMF) not to give the government any more loans. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition link which cites corruption and other reasons why no more lending should occur. The development follows the IMF’s approval of 257bn Kenyan shillings ($2.4bn) loan for Kenya to… Read More
Africa Business Egypt North Africa World 

Egypt secures $1.67 billion in aid from the IMF

Elwin Mandowa, , , , , ,
– – The board of the International Monetary Fund on Friday approved the release of a second tranche of aid valued at $1.67 billion for Egypt, saying public debt and Covid-19 threatened its economic recovery. In June, the board approved a one-year, $5.2 billion financing package for Egypt. With the latest disbursement, more than $3.6 billion will have been released.… Read More
Africa Business World 

IMF says 40% of African countries are in debt crisis

Village Reporter, , ,
The Managing Director of the International Monetary Fund, Kristalina Georgieva, says 40 per cent of African countries are in debt distress. She described Africa as a continent of opportunities and one with many troubles, noting that the focus was to help countries have sound macro-economic policies, improve the investment climate and show it to the rest of the world. “Africa… Read More
Africa Business Ghana West Africa World 

IMF says Ghana’s GDP growth will hit 7% in 2019

Village Reporter, , , , , ,
The International Monetary Fund on Thursday said on Thursday that Ghana’s economic growth is expected to rise to around 7% this year. That increase from 6.3% in 2018 to 7% this year according to the IMF is boosted by the country’s extractive industries. In a statement IMF said Ghana’s exports oil, gold and cocoa, maintained macroeconomic stability since the conclusion… Read More
Africa Business Nigeria News and Headlines West Africa World 

IMF calls for speedy resolution to Nigeria border closure

Village Reporter, , , ,
The International Monetary Fund is asking Nigeria to speed up resolution to the closure of its border with neighboring west African nations. Since August 20, 2019, Nigeria has closed its borders with some of its neighbouring West African countries. Borders in four geopolitical zones across the country, including South-South, South-West, North-Central and North-West have been closed. The government took the decision in… Read More
Business Development 

World Bank and IMF, help #StopTheBleeding of Africa’s wealth!

Global Author, , , , , , ,
As the World Bank and the International Monetary Fund (IMF) hold their Spring meetings in Washington, DC, billions of dollars due to African nations are illicitly leaving the continent. Africans Rising for Justice, Peace and Dignity, an emerging pan-African citizens’ movement, condemns the World Bank’s and IMF’s lack of action on and complicity in illicit financial flows from Africa and… Read More

How To Talk To Rwandan Rulers: First Flatter Them, And Then Hit Hard With Truth

Jennifer Fierberg, , , , , , , ,
By: Dr. David Himbara Managing Directors of IMF are supposed to be dull and boring economists obsessed with balancing countries’ books. Not Christine Lagarde. A former finance minister in France, she is a clever political operator. She proved this in her visit to Rwanda, the high mark of which was her speech in Rwandan parliament on January 27, 2015. Her… Read More

Our Malawi our economy: The road to recovery, Stability and sustainable self-reliance[2014 and beyond]

Global Author, , ,
Malawi as a nation is wallowing in economic dire-straits and is in a crisis situation that needs ingenious and judicious policy reform to avail itself. The IMF and the international community of western donors have injected their infamous so called recovery ‘bitter pills’ but the million dollar question that crops to mind when we reflect upon our situation remains whether... Read More

Former Malawi Justice Minister, president’s finance chief arrested over massive government looting

Global Author, , , , , , , , , , , ,
Lilongwe 2014-01-27_ Former Malawi Justice Minister Raphael Kasambara and Principal Secretary in the Office of the President and Cabinet Joster Njanji have been arrested following on-going investigations into how millions of dollars were allegedly looted in government in dubious deals. "We have today, the 27th of October 2014, arrested Mr. Raphael Kasambara on money laundering offences," said police spokesperson Rhoda... Read More