International monetary fund
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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).
-
ANALYSIS: The big asks Africa needs to table with the IMF & World Bank
With the World Bank and IMF spring meetings due to take place this weekend, this is what the continent will need from it.
-
IMF projects SA’s economy to shrink by 5.8% this year
The South African Reserve Bank announced on Tuesday that a contraction of 6.1% is forecast for South Africa’s GDP this year.
-
Mboweni: SA won't consider IMF's adjustment programme funding
The country's economy has been battling poor growth and with the effects of COVID-19, the situation appears to be direr.
-
Pandemic causing deep recession, and it could get worse: IMF
The downturn will slash $9 trillion from the world economy, IMF chief economist Gita Gopinath told reporters as she presented the latest forecasts in the World Economic Outlook.
-
SA should not approach IMF for help, ANC and allies say
Finance Minister Tito Mboweni said last month that South Africa would only approach the IMF or World Bank for help fighting the coronavirus 'if we run out of finance for health interventions'.
-
Mboweni to approach World Bank, IMF if SA runs out of funds to fight COVID-19
Following weekend reports that Finance Minister Tito Mboweni would take advantage of any funding made available by the IMF and the World Bank, he said that no talks had started for now.
-
IMF says coronavirus to hit sub-Saharan Africa's growth hard
Top officials in the Fund’s Africa Department said they have received requests for emergency financing from over 20 nations in the region and expect at least 10 more soon.
-
IMF says South Africa's economic growth weakened by bailouts
South African economic growth has slowed over the last decade. Debt has climbed rapidly as the government scrambles to plug a widening budget deficit and bail out state firms plagued by mismanagement.
-
IMF trims global growth estimates 2020-21 but sees improving outlook
In the latest update to its World Economic Outlook, the IMF cut the global growth estimate for 2020 to 3.3%, 0.1 percentage point lower than in the prior report released in October.
