IMF urges Sub-Saharan African countries to diversify their economies and implement reforms to overcome sluggish growth and address the impact of global economic shifts.
Sub-Saharan Africa’s growth stunted by commodity dependence Read More »
The International Monetary Fund (IMF) has completed its first review of Ethiopia’s $3.4 billion lending program, approving a $340.7 million disbursement, the IMF announced on Friday. This marks a significant step in Ethiopia’s economic reform efforts under the four-year program secured in July. The financing arrangement follows key reforms by Ethiopia, including the floating of
IMF approves $341M payment in Ethiopia’s loan program review Read More »
The Egyptian government has implemented another fuel price hike, which is expected to have a significant impact on the cost of goods and services.
Another fuel price hike in Egypt: Impact on living costs Read More »
The East African nation is exploring alternative financing sources after domestic unrest led to the suspension of tax hikes and delays in disbursements from the IMF
Kenya in talks with UAE for $1.5B loan, amid IMF concerns Read More »
The IMF is calling for more aggressive fiscal tightening to stabilize debt levels
IMF: Global debt to top $100 trillion Read More »
The IMF has approved reforms that will significantly reduce borrowing costs for its members, providing much-needed relief to struggling economies.
IMF eases debt for 8 countries, cuts borrowing costs Read More »
Ghana’s economic recovery is gaining momentum as the IMF approves the third review of its $3 billion loan program.
IMF releases $360m for Ghana after debt restructuring Read More »
Senegal’s government unveils a long-awaited financial review, addressing economic challenges and outlining plans for future growth and development.
New leader Faye address Senegal’s financial woes Read More »
Kenya secured a four-year loan from the IMF in 2021 and later committed to additional funding for climate change initiatives in May 2023, bringing the total IMF loan access to $3.6 billion
IMF team visits Kenya for fact-finding mission after protests Read More »
The devastating floods in Nigeria have caused widespread damage to infrastructure, agriculture, and livelihoods.
Floods ravage Nigeria, killing 179 and displacing thousands Read More »
