International monetary fund
IMF revises growth forecast for SA from 4% to 5%
It's published its latest growth outlook for the world's major markets on Tuesday.
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The IMF's growth forecast for SA compared to major economies
The updated IMF economic growth forecasts for selected countries, as released on 12 October 2021.
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Georgieva keeps IMF helm despite scandal
Kristalina Georgieva's role at the institution was called into question after the 16 September publication of the findings of an investigation carried out at the request of the ethics committee of the World Bank, where Georgieva had previously held a senior role.
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IMF says still no decision on whether Georgieva keeps her job
An investigation by a law firm has concluded that Georgieva manipulated data in favour of China while in a senior role at the World Bank.
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IMF gives Tanzania $567 million in COVID economic support
The Washington DC-based lender approved $567 million (479 million euros) in COVID support for Tanzania, which until recently was an outlier in the global fight against the coronavirus and dismissed the gravity of the disease.
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IMF extends $334m in aid to South Sudan: central bank
Central Bank Governor Dier Tong Ngor said the IMF loan would 'substantially boost' foreign reserves and allow room to try and recover in the midst of the pandemic.
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IMF board approves big lending increase for poorest nations
The COVID-19 crisis has drained resources set aside for these countries -- most are which are in sub-Saharan Africa -- far faster than anticipated, and their needs will remain high, the International Monetary Fund said.
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Sudan protesters demand govt resign over IMF-backed reforms
The protests erupted a day after the International Monetary Fund approved a $2.5 billion loan and debt relief deal that will see Sudan's external debt reduced by some $50 billion.
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IMF forecasts solid growth for Zimbabwe economy
The Fund's optimistic forecast was released after Zimbabwe Finance Minister Mthuli Ncube aimed for punchy 7.8% growth following years of contraction.
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Sudan scraps fuel subsidies in IMF-backed reform
The decision, issued by the finance ministry late Tuesday, saw the price of petrol shoot up from 150 to 290 Sudanese pounds per litre, while diesel went up from 125 to 285 pounds.
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Heads of global organisations issue joint call for vaccine equality
Writing in the Washington Post on Tuesday, the heads of the World Health Organization, World Bank, International Monetary Fund and World Trade Organization blamed the gap in vaccination programmes for the emergence of virus variants that have fueled fresh outbreaks in the developing world.
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IMF to disburse $410 million in aid to Kenya
The payment must first be approved by the Board of Governors, which is set to meet in the coming weeks, the International Monetary Fund (IMF) said in a statement.
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Africa to see slowest regional growth in 2021: IMF
The IMF warned that limits on access to vaccines and policy space were holding back the near-term recovery, calling for wealthy countries to step up access to vital vaccines and make financing available to Africa.
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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.
