Imf bailout
IMF agrees lending programme with DR Congo
The IMF suspended its last aid to Congo after the government failed to provide sufficient details on the sale of state mining assets to an offshore company.
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Don't expect debt relief, United States warns Africa
Africa is facing another potential debt crisis today, with around 40% of low-income countries in the region now in debt distress or at high risk of it, according to an IMF.
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China says Africa projects should be sustainable, denounces criticism
The IMF and World Bank began the Heavily Indebted Poor Countries Initiative in 1996 to help the world’s poorest countries clear billions of dollars of unsustainable debt.
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IMF Lagarde says oil exporters have not fully recovered from the 2014 oil shock
She said there was scope to improve fiscal frameworks in the Middle East with some of the weaknesses emanating from “short-termism and insufficient credibility”.
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Lagarde: 'Ramaphosa right man to lead SA to prosperity'
The International Monetary Fund (IMF) Managing Director Christine Lagarde has warned that the biggest risks facing South Africa’s economy are complacency and high expectations and slow service delivery.
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IMF's Lagarde urges US, others to reject 'dystopian' path
The managing director of the Washington-based global crisis lender issued yet another plea to governments, notably the United States, to back away from protectionism and confrontation.
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IMF reaches staff agreement for $2bn disbursement to Egypt
The funds will be available upon IMF executive board approval of a fourth review of the three-year program, the organisation said in a statement.
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SA govt warned over huge debt burden
The group's head Jannie Rossouw says if the government doesn't get to grips with its wage bill, it may have to approach the IMF for help.
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Saudis offer Pakistan $6bn rescue package to ease economic crisis
Finance Minister Asad Umar this month requested talks with the IMF for the country’s second bailout in five years.
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IMF warns trade friction, market turmoil to hurt Asian growth
The IMF maintained its forecast that Asia’s economy will expand by 5.6% this year but cut its projection for next year to 5.4%, down by 0.2 point from April.
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Jordan's King Abdullah expected to ask PM to resign: political sources
The dismissal of Mulki was demanded in a series of protests against IMF-backed tax increases that have shaken the kingdom.
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Italy's president calls in former IMF official amid political turmoil
In a televised address, Mattarella said he had rejected the candidate, 81-year-old eurosceptic economist Paolo Savona, because he had threatened to pull Italy from the single currency.
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Political backlash over Argentina IMF deal contained, for now
Opposition politicians, particularly those allied with leftist former President Cristina Fernandez, were quick to denounce the deal, placing “IMF OUT!” signs on their desks in Congress.
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IMF lifts SA's GDP forecast to 1.5% in 2018
The IMF raised its 2018 forecast of gross domestic product to 1.5% for 2018 and 1.7 for 2019, compared to previous forecasts of 0.9% and 1.6% respectively.
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IMF's Furusawa: global economy strengthening on investment, trade
The current upswing provides an ideal opportunity for reforms to boost potential output, build resilience, and ensure the benefits of growth are shared more widely.
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Mozambique needs IMF, open to new probe on hidden loans – finmin
An independent audit of the debt showed in June that questions remained on how the $2 billion was used and roughly a quarter of the money remained unaccounted for.
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IMF: Rising debt, political risk dim sub-Saharan Africa’s economic outlook
Nigeria and South African are the biggest economies in Africa south of the Sahara, but both nations have been clouded by political uncertainty linked to the tenure of their leaders.
