Ghana meets for $5.4 billion restructuring
IMF approval for Ghana’s bailout hinges on reaching agreement with creditors.
Ghana meets for $5.4 billion restructuring Read More »
IMF
Rising fuel costs loom as Cameroon addresses subsidy burden
Cameroon’s fuel subsidy dilemma highlights challenges of balancing economic priorities.
Rising fuel costs loom as Cameroon addresses subsidy burden Read More »
Zambia gets $187M IMF loan as bond restructuring stumbles
IMF backs Zambia but warns delay in revamped debt deal hampers economic rebound.
Zambia gets $187M IMF loan as bond restructuring stumbles Read More »
IMF, IDA approve a $4.5 billion debt relief for Somalia
‘This is a testament to Somalia’s unwavering commitment to economic reforms,’ says IMF managing director
IMF, IDA approve a $4.5 billion debt relief for Somalia Read More »
EU, IMF, Zambia call for more inclusive carbon pricing
Carbon pricing is only way to meet climate targets, IMF head says at sideline event during UN climate change summit
EU, IMF, Zambia call for more inclusive carbon pricing Read More »
Zambia’s debt restructuring bid stalled over more relief demands
Zambia’s efforts to restructure its debt have been dealt a major blow as official creditors have rejected a revised deal to rework $3 billion of Eurobonds. The country’s official creditor committee (OCC), which includes China, Japan, and the Paris Club of creditor nations, said that the deal did not offer comparable relief to both commercial and official creditors.
Zambia’s debt restructuring bid stalled over more relief demands Read More »
IMF considers mega loan program for Egypt amidst Gaza war fallout
The International Monetary Fund (IMF) is considering a mega loan program to help Gaza recover from the economic fallout of the recent war. The war has caused widespread damage to Gaza’s infrastructure and economy, and the IMF’s loan would help to rebuild and revitalize the Gaza economy.
IMF considers mega loan program for Egypt amidst Gaza war fallout Read More »
IMF approves nearly $1 billion loan to Kenya
Next year, Kenya is also facing a $2-billion eurobond repayment obligation
IMF approves nearly $1 billion loan to Kenya Read More »
Somalia and IMF reach initial agreement for $100M in new funding
The staff-level agreement, referred to as the Extended Credit Facility (ECF), is contingent upon approval from the IMF’s board
Somalia and IMF reach initial agreement for $100M in new funding Read More »
Marrakesh IMF, World Bank meetings finalise
Marrakesh meeting finalises
Marrakesh IMF, World Bank meetings finalise Read More »