Tag: IMF

China to restructure Congo’s debt

  Congolese Prime Minister Anatole Collinet Makosso acknowledged on Monday the financial difficulties his country is facing, and promissed to reduce a debt that has recently increased. "Our financial difficulties,…

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The IMF, COVID-19 And Anti-Corruption: The Story So Far

With a one trillion dollars in available lending capacity since the outbreak of COVID-19, the IMF has played a leading role in mitigating the economic impacts of the pandemic. To…

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To allow for Talks on Bigger Loan, IMF Delays Angola Meeting

The International Monetary Fund’s executive board postponed a meeting on Angola until at least the second half of August to allow more time for work with authorities in the southern African…

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Why South Africa May Give in to IMF By Introducing Debt Ceiling

Country ‘open to’ a debt limit, Mboweni and Kganyago say  Measures to rein in debt to be introduced from fiscal 2022 South Africa may introduce a debt limit in its…

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Amid Plans to Unify Multiple Exchange Rates, Naira weakens by 5.3% at Currency Auction

  Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with the matter. The weakening comes after Governor Godwin Emefiele announced last month…

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Why we must heed IMF, World Bank warnings

Obadiah Mailafia Within days of each other, the Washington institutions – the International Monetary Fund and the World Bank – have both warned that our economy is heading towards a…

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Amid Covid-19, Mo Ibrahim Urges More African Access to IMF Reserves

These were the words of Sudanese billionaire Mo Ibrahim, ‘‘Poor African nations should be allowed to borrow more from the International Monetary Fund’s reserves to help mitigate the economic impact of the…

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IMF advises banks to suspend dividend payment

The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the…

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Covid-19: Nigeria’s Possible Intervention?

At a Nigeria and some African countries have been enveloped in the worst human impact of the coronavirus pandemic and beginning to suffer the destructive economic impact of a potential global slide…

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