International monetary fund
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...
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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.
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IMF raises Kenya's risk of debt distress to high from moderate
The government has responded to the crisis with a range of fiscal measures, including cuts to value-added and income taxes, which have worsened a number of indicators, the IMF said.
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Zambia seeks IMF funding to help soften impact of coronavirus
Zambia was already wrestling with a growing public debt even before the new coronavirus outbreak forced lockdowns across the globe, delivering a big blow to demand for raw materials.
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Mboweni: SA’s structural economic reforms not similar to IMF loan conditions
The minister was speaking during a meeting of Parliament’s finance committees on Tuesday when he defended the decision to consider the IMF’s $4.2 billion loan facility for COVID-19 specific purposes.
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Mogajane: IMF loan would come with 1% interest
This comes after President Cyril Ramaphosa said that a R500 billion stimulus package was being made available by government to help the country through the COVID-19 pandemic.
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COVID-19: Mboweni says SA qualifies for $4.2 billion loan from IMF
The minister briefed reporters earlier on the R500 billion relief package, which would be used to circumvent the harsh impact of the pandemic.
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World Bank, IMF meeting considers freezing loan repayments for African countries
The World Economic Forum’s Africa head, Elsie Kanza said this would allow the continent to prioritize healthcare while economies recover.
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Rand tumbles as IMF stokes recession fears
The currency was 2% weaker at 18.6770 per dollar by 1500 GMT, straying back into bear market territory as investors were spooked by a dire global growth outlook from the International Monetary Fund (IMF).
