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.
Browsing: International Monetary Fund
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…
The international Monetary Fund (IMF) says Africa needs $1.2 trillion over the next three years for Africa to recover from the economic losses it incurred due…
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…
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…
The International Monetary Fund (IMF) has approved a loan of $226 million for Cameroon. The funds will help the country meet an urgent balance of payment…