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Angola

Angola to join G20 initiative to suspend debt payments

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Angola will join the Group of 20 (G20) Debt Service Suspension Initiative (DSSI), which allows the country to direct funds to combat the impact...
Post Pandemic World Needs Better Globalization Not Less

Post-pandemic world needs better globalization, not less

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Even at a time when the coronavirus pandemic is sweeping the world, beef from New Zealand, red wine from Chile, and detergent from...
Wto Africa

WTO has a leadership vacuum; and Africa may just have the candidate to fill...

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The World Trade Organization is at a crossroads and may be facing its most difficult test in its twenty-five-year history after the sudden resignation...
Market in Ghana

COVID–19: Injects GHS18b into economy to mitigate losses -TUC to government

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The Trades Union Congress (TUC) is asking the government to inject about GHS 18 billion into the various sectors of the economy to help...
Zimbabwe Screening By Healthcare Workers For Covid

Africa and IMF Conditionality and the COVID-19 Pandemic

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Governments within the African Union are receiving varying responses to requests for financial assistance African states across the continent have enacted stringent measures aimed at...
IMF

IMF approves US$491.5 million to help Uganda address COVID-19 impact

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The International Monetary Fund (IMF) said Wednesday its executive board has approved a 491.5-million-U.S.-dollar disbursement to Uganda to address the impact of the COVID-19...
Louis Paul Motaze

Cameroon’s minister upbeat about COVID-19 response after IMF loan

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Cameroon is poised to upgrade its emergency response towards COVID-19 outbreak following the approval of an emergency loan by International Monetary Fund (IMF),...
Coronavirus testing supplies being unloaded at the Bole International Airport in Addis Ababa, Ethiopia, in March.Credit…Tiksa Negeri/Reuters

Ethiopian PM Abiy Ahmed: Debt Cancellation for the World to Survive

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May 1, 2020 Ethiopian Prime Minister, Abiy Ahmed, has made an audacious salient call for debt cancellation for low income countries. It was published in...
IMF

IMF approves US$28.9 million to Maldives as COVID-19 cases rise

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The International Monetary Fund (IMF) approved a disbursement of 28.9 million U.S. dollars to the Maldives on Thursday as the number of COVID-19 cases...
IMF

IMF and RFAs pledge cooperation to mitigate pandemic’s impact on economy

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Heads of the International Monetary Fund (IMF) and Regional Financing Arrangements (RFAs) on Tuesday pledged to cooperate to mitigate the impact of the COVID-19...
IMF

Zambia and IMF to hold talks on economic recovery program

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The Zambian government said on Monday that it will commence discussions with the International Monetary Fund (IMF) on a possible financing program. ...

IMF, World Bank urge countries to keep trade open amid COVID-19 pandemic

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The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the...
Ghana Parliament-

Parliament approves US$1 billion to mitigate the impact of COVID-19

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Parliament on Friday evening approved s US$1 billion credit facility to mitigate the impact of the COVID-19 pandemic. The facility, titled “Rapid...
Global Covid Deaths Top International Coordinated Response Intensifying

Global COVID-19 deaths top 150,000, international coordinated response intensifying

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Global COVID-19 deaths surpassed 150,000 with over 2.2 million infections on Friday as international institutions are intensifying their collective efforts on battling the pandemic. A...
Economics Weo Shrink

Global economy expected to shrink sharply due to Coronavirus, WEO says

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The global economy is expected to shrink sharply by three percent in 2020 because of the Coronavirus pandemic, according to the World Economic Outlook...
IMF

Global debt estimated to reach 96.4 percent of GDP in 2020

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Global debt is estimated to increase by 13 percentage points to reach 96.4 percent of gross domestic product (GDP) in 2020, as the COVID-19...
IMF

IMF approves about US$1 billion to aid Ghana’s COVID-19 fight

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The International Monetary Fund (IMF) has approved a credit facility of 738 million Special Drawing Rights (about 1.0 billion U.S. dollars) for Ghana to...

COVID-19: IMF Executive Board approves US$1 billion disbursement to Ghana

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The International Monetary Fund said its Executive Board has approved the disbursement of two billion dollars to Ghana to be drawn under the Rapid...
Photo taken on March 24, 2020 shows fishing vessels near a port in Yinhai district of Beihai, south China’s Guangxi Zhuang Autonomous Region. Ports in the city have resumed work to improve fish production amid epidemic prevention and control. Photo by Li Junguang/People’s Daily Online

China makes major contribution to global financial stability

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By Ge Mengchao The economic impact of the coronavirus pandemic is and will be severe, and the outlook for global growth for 2020 is negative—a...
IMF

Ghana seeks IMF financial bail-out to combat for COVID-19

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Ghana has officially requested a support package from the global lender, the International Monetary Fund (IMF), to support its fight against the COVID-19 pandemic,...
imf

IMF approves US$1.3 billion funding program for Jordan

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Jordan said on Wednesday that the International Monetary Fund (IMF) has approved a four-year funding program worth about 1.3 billion U.S. dollars for Jordan. ...
imf and word bank

World Bank, IMF call on G20 to offer debt relief for poorest countries

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The World Bank Group (WBG) and the International Monetary Fund (IMF) on Wednesday jointly called on the Group of Twenty (G20) to offer debt...
IMF

IMF sees 2020 recession at least as bad as during global financial crisis

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Monday that the multilateral lender expects global growth outlook for 2020 to be negative --...
Finance Minister Ken Ofori-Atta

Finance Minister updates Parliament on impact of coronavirus on economy

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The Minister of Finance, Mr Ken Ofori-Atta, said preliminary analysis by the Ministry shows that the Coronavirus pandemic would impact negatively on the country’s...
Mr Akwasi Agyemang

GTA directs hospitality industries to start screening guests

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Mr Akwesi Agyemang, the Chief Executive Officer, Ghana Tourism Authority (GTA), has directed all tourism and hospitality industries to immediately start...
dollars

Trade value gaps clocks US$8.7 Billion in a 10 year study – GFI

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The Global Financial Integrity (GFI) report of 2020 has said value gaps between the 135 developing countries and the 36 advanced nations over a...

Prof. Millar urges African government to build on indigenous knowledge

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African leaders have been urged to appreciate, revisit and build on their indigenous knowledge to push forward the socio-economic development of the continent. ...
imf and word bank

IMF and World Bank say “ready to help” member countries address COVID-19

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The International Monetary Fund (IMF) and the World Bank Group "stand ready to help our member countries" address the human tragedy and economic challenge...
IMF

IMF forecasts 0.8 percent growth for Zimbabwe in 2020

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The International Monetary Fund (IMF) on Wednesday projected a 0.8 percent growth for Zimbabwe's economy 2020, much lower than a 3 percent forecast by...

Three remanded over robbery

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Mohammed Buzu, a 29-year-old trader on Wednesday appeared before an Accra Circuit Court for allegedly pulling a machete on the Country Director of...