The International Monetary Fund has approved new emergency aid for 28 countries, 22 of which are African nations. Funds will enable these nations to either pay…
Browsing: IMF
The Executive Board of the International Monetary Fund – IMF – has approved a disbursement of $101.96 million to Malawi under the Rapid Credit Facility (RCF),…
Due to increased borrowing and expenditure to counteract the COVID-19 pandemic on the economy, Uganda’s public debt is projected to hit 47.5 percent of the Gross…
Discussions are at an advance stage between Egypt and the International Monetary Fund on securing additional financial help, according to Egypt’s Planning Minister, Hala Saeed. Saeed…
The International Monetary Fund has raised Kenya’s risk of debt distress to high from moderate due to the impact of the coronavirus crisis, reporting that the…
The International Monetary Fund’s executive board has approved Egypt’s request for $2.77 billion in emergency financing as it looks to help the Egyptian government meet urgent…
As Zambia begins the process of shortlisting financial advisers to help reduce its debt load, the country has applied to the International Monetary Fund (IMF) for…
Egypt’s foreign reserves dropped by a further $3.07 billion in April as investors pulled cash from emerging markets. The country’s central bank says this has put…
The International Monetary Fund has approved $739 million in emergency financing to cushion Kenya from economic shocks owing to the novel Coronavirus pandemic. The IMF adds…
Uganda will receive an emergency loan worth $491.5 million from the International Monetary Fund. The country needs the funds to help cushion its economy from the…