International monetary fund
IMF agrees to resume Pakistan loan after fuel, tax hikes
An original $6 billion bailout package was signed by former prime minister Imran Khan in 2019, but repeatedly stalled when his government reneged on subsidy...
-
Ghana president defends IMF aid decision
The decision has stoked fierce debate in Ghana, where Akufo-Addo has come under fire from critics who say his government reversed its position on the IMF after initially saying a new tax would help revive the economy.
-
World Bank lends Tunisia $130 million for food security
Tunisia was already dealing with heavy public debt, a low credit rating and steep inflation before the Ukraine war, and has been left reeling by Russia's military blockade of Ukrainian ports on the Black Sea.
-
Bankrupt Sri Lanka begins two week stutdown, opens IMF talks
The country of 22 million people is in the grip of its worst economic crisis after running out of foreign exchange to finance even the most essential imports including food, fuel and medicines.
-
IMF expects SA's economic recovery from COVID to continue this year
In a statement released following an IMF staff visit to South Africa, the institution said despite the positive outlook, it continued to be concerned with load shedding, failures in the transport system, rising inflation and corruption.
-
Malawi steeply devalues currency to shore up forex reserves
The last time the country saw a major currency devaluation was in 2012 when the Malawian kwacha was devalued by 33%.
-
IMF warns of rising risk of unrest in Africa as food and energy prices soar
Surging food and energy prices stoked by the war in Ukraine may lead to "social unrest" in Africa, the International Monetary Fund warned.
-
Godongwana criticises G20’s slow progress in aiding developing countries
The complaint was registered with the World Bank and the International Monetary Fund during the spring meetings that he attended with a South African delegation last week.
-
Cash-strapped Sri Lanka seeks IMF bailout
A lack of foreign currency has left Sri Lanka unable to finance essential imports in what authorities say is the South Asian nation's worst economic crisis since independence from Britain in 1948.
-
SA should return loans from IMF and World Bank, say some MPs
In January, R11 billion was secured to help the country deal with the COVID-19 pandemic.
-
IMF says Somalia funding at risk over election delays
The IMF's programme in Somalia is due for a review in mid-May, but election delays mean that a new administration may not be ready to endorse planned reforms in time, said Laura Jaramillo Mayor, the fund's mission chief for the country.
-
Mozambique's ex-president Armando Guebuza to testify in debt scandal
Ex-president Armando Guebuza is expected to testify about an affair concerning secret loans contracted under his tenure that triggered an economic crisis.
-
Omicron variant raises new fears for pandemic-hit world economy
First reported to the World Health Organization in South Africa less than a week ago, the new strain has rapidly spread everywhere from Africa to the Pacific, and from Europe to Canada, causing dozens of countries to announce travel restrictions.
-
IMF praises Kenya's policies, reaches deal on next aid tranche
The board of the Washington-based crisis lender still must approve the agreement to release the next tranche of aid, which would bring the total funds released to the African nation this year to $984 million.
-
IMF sees Africa lagging in rebound from pandemic blow
Even though 12 billion doses of vaccine are to be produced in 2021, it will likely take more than a year for a significant number of Africans to be vaccinated, according to the 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.
-
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.
-
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.
-
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.
