International monetary fund
IMF applauds US infrastructure plan, worries about vaccine reticence
Meanwhile, although the latest World Economic Outlook presents a much more upbeat forecast for global growth, vaccine hesitancy in Europe is a risk.
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Good news for SA’s economy as IMF revises growth outlook to 3.1%
The IMF said this was due to accelerated vaccinations and a flood of government spending on ways to beat COVID-19.
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IMF, Zambia to continue debt relief talks
The debt-ridden southern African country became the continent's first coronavirus-era sovereign default after skipping a $42.5-million (35.5-million-euro) interest payment on a eurobond in November last year.
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Zambia default 'test case' for Africa debt relief
The copper-rich southern African country became the continent's first coronavirus-era sovereign default after skipping a $42.5-million interest payment on a eurobond last year.
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COVID-19 takes its toll on African economy
Africa has so far been spared the worst of the coronavirus pandemic in terms of cases and deaths but its economy has not been so lucky, especially the poorer, smaller countries dependent on a single resource or sector.
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IMF unlocks $2 bn for pandemic-hit Ecuador
The money is being unlocked as part of an aid plan that totals $6.5 billion and extends over 27 months, the Washington-based lender said.
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IMF asks Zambia to re-draft economic policy in return for funding
Zambia, which has seen its external debt surge to nearly $12 billion this year, had made a formal request to the IMF on Tuesday.
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Public investment key to COVID-19 recovery: IMF
Boosting public investment by just 1% of GDP could create between two and three million jobs in the European Union, and nearly two million jobs in the United States, head of the IMF's fiscal affairs department Mauro said.
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IMF approves release of $1 bn for Angola amid COVID-19 downturn
Angola has been hard hit by slumping oil prices since the coronavirus pandemic hit, caused by a global slowdown in demand and a price war between major crude producers.
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Gordhan assures MPs R70bn IMF loan won’t fund SAA
Opposition MPs have mocked efforts to launch a new airline while the COVID-19 pandemic rages – but Gordhan said the government’s aim is to have a viable, competitive, and sustainable airline.
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SA's economy to contract 7.2%, even after $4.3 bn loan injection - IMF
The IMF loan is part of $7 billion in planned borrowing from international financial institutions.
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ANALYSIS: The IMF’s $4bn loan for SA: the pros, cons and potential pitfalls
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
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'Looters are gonna eat' - Cynical South Africans react to R70bn IMF loan
On paper, this sounds like something that could go a long way in repairing some of the devastation we've seen over the last few months but the reality could tragically be very different and South Africans know it.
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SA will be able to honour conditions of R70bn IMF loan - Treasury DG Mogajane
National Treasury on Tuesday said that the multi-billion rand loan from the International Monetary Fund (IMF) had not jeopardised South Africa’s sovereignty.
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R70bn IMF loan will go towards health, job creation, economy - Mboweni
The IMF on Monday approved South Africa’s request for a $4.3 billion loan, which translates to about R70 billion.
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IMF chief warns global economy 'not out of the woods yet'
The Washington-based crisis lender late last month downgraded its growth forecasts, and now expects global GDP to fall by 4.9% this year due to the deeper contraction during lockdowns.
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Magashule now supports Mboweni’s plan to get loans from World Bank, IMF
He said the ANC had confidence in its deployees in government to get the loans but only if conditions were favourable to the country.
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Uganda's reserves will decline sharply without external help - IMF
'This would be below the adequate level of reserves for Uganda, and would leave the country in a vulnerable position,' the IMF said.
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Egypt receives $2.77 bln in IMF emergency financing - state news agency
The IMF had had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill and triggered capital flight.
