The International Monetary Fund (IMF) has allocated about $3.35 billion to Nigeria as part of a historic general allocation of Special Drawing Rights (SDRs) of the…
Browsing: International Monetary Fund
The International Monetary Fund has agreed to extend a 43-month, $172 million loan agreement with Sierra Leone by an additional year while also announcing a fresh…
The International Monetary Fund (IMF) has approved relief of more than $56 billion in debt for Sudan and a new IMF funding of $2.5 billion over…
The International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to US$1 billion (about…
The wait appears to be over for Kenya as the Executive Board of the International Monetary Fund – IMF has approved the funding request of East…
The International Monetary Fund (IMF) has approved a disbursement of $174.2 million to South Sudan under the Rapid Credit Facility (RCF). This is meant to address…
Kenya is seeking an extension of the Debt Service Suspension Initiative (DSSI) to June 2022. This will give the East African country a one-year extension from…
The debt spiked up in the full year of 2020 due to the covid-19 impact on the economy, which resulted in increased borrowing from the Bretton Wood Institutions, as well as the African Development Fund.
Chinese creditors have already granted Angola a three-year debt relief, which will enable the country to get more than $700 million in its next tranche of IMF (International Monetary Fund) financing in the coming days, according to the finance minister Vera Daves.
Mozambique is getting $116 million grants from the European Union (EU) to support its budget. This is the first time since 2016 that Europe will assist…