Tag: International Monetary Fund
Voter apathy to triumph in Egypt’s parliamentary elections
Egypt is set to hold its parliamentary polls later this month to elect 568 lawmakers for a five-year term, more than two months after...
IMF to disburse 1 billion dollars to Angola to address Covid-19 crisis
The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic.
The...
Coronavirus fight: Halt discrimination and violence against women and we win
A deadly pandemic hits at an alarming rate and brings untold pain and hardship upon the whole world.
All of a sudden, life came to...
Hospitality industry struggling to survive in the COVID-19 era
The COVID-19 virus has undoubtedly caused irreparable effects worldwide. And in Ghana, the fear of catching the virus has influenced business owners and families...
Cameroonian PM appeals for more sustained COVID-19 funding for African countries
Cameroonian Prime Minister Joseph Dion Ngute on Thursday appealed for "more sustained" funding from the International Monetary Fund (IMF) and World Bank to support...
Parliament readies for mid-year budget review
Mr Ken Ofori-Atta, the Finance Minister, will shortly deliver the mid-year budget review and supplementary estimates to Parliament.
The Minister...
IMF Conditionalities Contribute to Shortage of Health Workers: Africa Suffers
As I have told my friends for many years, the International Monetary Fund (IMF) is incapable of helping nations grow their economies. I do...
IMF Boss urges G20 policymakers to support transformational change amid COVID-19 pandemic
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Saturday called on the Group of Twenty (G20) countries to prepare for and support...
Poor, youth, women hardest hit by pandemic
Workers in food and accommodation, and wholesale and retail trade, are the hardest hit for having the least "teleworkable" jobs, with the poor, the...
British economy likely to take longer to recover
As the International Monetary Fund predicted a 10.2-percent contraction of Britain's economy in 2020, gloomier than its previously projected contraction of 6.5 percent, economic...
World needs more cooperation as global COVID-19 cases top 10 mln
Global confirmed COVID-19 cases topped 10 million on Sunday, with nearly 500,000 deaths worldwide, according to data compiled by the Center for Systems Science...
IMF revises down global economy forecast, warns of record debt levels
The International Monetary Fund (IMF) has revised down its forecast for the global economy amid mounting COVID-19 fallout, warning of record debt levels in...
World Bank agrees to extend budget support to Zambia
The World Bank has agreed to extend its budget support to Zambia once the country gets on a program path with the International Monetary...
IMF to hold video conference sessions on Zambia
The International Monetary Fund (IMF) will conduct a virtual consultative and information exchange for Zambia from June 22 to July 1, a senior government...
World Bank projects global economy to shrink by 5.2 percent in 2020
The global economy is on track to shrink by 5.2 percent this year amid the COVID-19 pandemic, the deepest recession since the Second World...
Angola to join G20 initiative to suspend debt payments
Angola will join the Group of 20 (G20) Debt Service Suspension Initiative (DSSI), which allows the country to direct funds to combat the impact...
Zimbabwe keen to see deeper China-Africa cooperation
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
Even at a time when the coronavirus pandemic is sweeping the world, beef from New Zealand, red wine from Chile, and detergent from...
To save world economy, a call to global action
The COVID-19 pandemic has so far paralyzed economic activities around the world, and the prospect for a catastrophic economic crunch is hovering.
...
Côte d’Ivoire: Deutsche Bank, ICIEC finance construction of two new regional hospitals
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 approves US$491.5 million to help Uganda address COVID-19 impact
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...
Cameroon’s minister upbeat about COVID-19 response after IMF loan
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 approves US$28.9 million to Maldives as COVID-19 cases rise
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 and RFAs pledge cooperation to mitigate pandemic’s impact on economy
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...
Zambia and IMF to hold talks on economic recovery program
The Zambian government said on Monday that it will commence discussions with the International Monetary Fund (IMF) on a possible financing program.
...
“Much more to be done” to prevent protracted recession – IMF Boss
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
The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the...
Parliament approves US$1 billion to mitigate the impact of COVID-19
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
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 approves immediate debt relief for Malawi to address COVID-19 challenges
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...