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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...
Covid China Holds Discussions With African Ambassadors Over Fallout

Zimbabwe keen to see deeper China-Africa cooperation

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Zimbabwe hopes to see a continuous deepening of cooperation between Africa and China within the framework of the Forum on China-Africa Cooperation (FOCAC), a...
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...
Global Economy

To save world economy, a call to global action

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The COVID-19 pandemic has so far paralyzed economic activities around the world, and the prospect for a catastrophic economic crunch is hovering. ...
Deutsche Bank And Iciec Support Cte D Ivoire Build Critical Health Infrastructure

Côte d’Ivoire: Deutsche Bank, ICIEC finance construction of two new regional hospitals

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Deutsche Bank is financing the construction of two new regional hospitals as well as five new medical units in five additional hospitals in the...
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),...
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

“Much more to be done” to prevent protracted recession – IMF Boss

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Monday that countries have responded strongly in the initial phase of the COVID-19 crisis, but...

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...

Over 100 countries request emergency funding amid COVID-19 pandemic – IMF

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Wednesday that more than 100 countries have asked the multilateral lender for emergency financing amid...
IMF

IMF approves immediate debt relief for Malawi to address COVID-19 challenges

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In efforts to address the impact of COVID-19, the International Monetary Fund (IMF) early this week revealed that it has approved immediate loan service...
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...
IMF

IMF projects global economy to contract by 3 percent in 2020 due to COVID-19

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The global economy is on track to contract "sharply" by 3 percent in 2020 as a result of the COVID-19 pandemic, much worse than...
imf

IMF executive board approves immediate debt relief for 25 countries

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The International Monetary Fund (IMF) Executive Board has approved immediate debt service relief for 25 member countries as part of its response to help...

Ghana’s confirmed cases of COVID-19 now 378

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Ghana's confirmed cases of COVID-19 stands at 378, with six deaths, President Nana Addo Dankwa Akufo-Addo, announced on Thursday. Two patients remain in critical condition...
Pedestrians wearing masks are seen in downtown Tehran, Iran, Feb. 23, 2020. Iranian President Hassan Rouhani on Sunday issued an order to form a national headquarters to cope with the outbreak of the novel coronavirus in the country, state TV reported. Since Iran announced the first batch cases of the coronavirus in the country on Wednesday, 43 Iranians have been confirmed infected by the virus, eight of whom have died. (Photo by Ahmad Halabisaz/Xinhua)

Iran slams IMF’s rejection of application for anti-coronavirus loan as “unacceptable”

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Iranian President Hassan Rouhani on Wednesday said that the International Monetary Fund (IMF) rejection of Iran's application for a loan to fight the novel...
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...
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), delivers a speech in Washington D.C., the United States, Oct. 8, 2019. (Xinhua/Liu Jie)

IMF chief warns of recession worse than 2008 global financial crisis

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Friday of a recession worse than the global financial crisis back in 2008. ...
IMF

IMFC pledges to help low-income countries fight COVID-19 outbreak

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The International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF), on Friday pledged to help emerging market and...
imf

IMF welcomes U.S. move to strengthen it’s resources

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The International Monetary Fund (IMF) on Friday welcomed the expedited approval by the U.S. Congress of the U.S. commitment to strengthen the IMF's resources...
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 --...