International monetary fund
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...
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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.
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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.
