Home » Posts tagged with » IMF

S.Africa’s Economic Growth Faces Risks From Public Debt, State Firm Bailouts – IMF

S.Africa’s Economic Growth Faces Risks From Public Debt, State Firm Bailouts – IMF

The International Monetary Fund on Monday kept South Africa’s economic growth forecast for 2018 unchanged at 1.5 percent but warned that the economy faced several headwinds, mainly the rapid rise in public debt and potential bailouts to state firms. “The IMF’s concerns on fiscal policy relates to the rapid increase in public debt as a […]

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

Cameroon’s economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International Monetary Fund (IMF) said.   Growth was slower in 20 17 because of a sharp decline in oil output but new […]

IMF Warns Of Rising African Debt Despite Faster Economic Growth

IMF Warns Of Rising African Debt Despite Faster Economic Growth

Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund warned on Tuesday. The sober assessment comes as African countries continue to tap international debt markets and issue record levels of debt in foreign currencies, spurred on […]

Egypt Population Surge Must Be Met with Job Growth, IMF Says

Egypt Population Surge Must Be Met with Job Growth, IMF Says

Egypt needs to embrace policies that strengthen the private sector and promote job growth in order to cement the gains realized from sweeping economic revival efforts, the International Monetary Fund said. At the same time, the government can’t afford to delay in moving ahead with cuts in costly energy subsidies or risk straining the budget […]

IMF Approves New Three-year Loan Arrangement For Malawi

IMF Approves New Three-year Loan Arrangement For Malawi

The International Monetary Fund (IMF) has approved a new three-year $112.3 million loan arrangement for Malawi to assist the southern African country’s economic and financial reforms. In a statement late on Monday, the IMF said the approval would enable the immediate disbursement of about $16 million, with the remaining amount to be phased over the […]

Zimbabwe Committed To Clearing Debt Obligations

Zimbabwe Committed To Clearing Debt Obligations

Zimbabwe is committed to clearing its debt obligations with the World Bank, African Development Bank and other financial institutions, Foreign Minister Sibusiso Moyo said on Monday. The country needs to clear about $1.8 billion in arrears with the World Bank and the African Development Bank before it can tap other sources of development financing. “We […]

Uganda Joins Africa’s Big-Debt Club, Central Bank Warns On Default

Uganda Joins Africa’s Big-Debt Club, Central Bank Warns On Default

Uganda’s national debt has nearly trebled in the last three years to more than 50 percent of gross domestic product, creating a risk of default risk, since nearly two-thirds of that borrowing is external, the central bank said. In a report titled “State of the Economy” published late on Thursday, the Bank of Uganda said […]

Egypt’s Debt Loses the Edge That Attracted $20 Billion

Egypt’s Debt Loses the Edge That Attracted $20 Billion

Egypt, prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy.  Turkey, Argentina and Nigeria could capture investors’ attention, and their money, if yields on Egypt’s Treasury bills fall sharply this year, especially as the prospect of […]

IMF Extends Kenya’s $1.5 Billion Standby Loan for Six Months

IMF Extends Kenya’s $1.5 Billion Standby Loan for Six Months

The International Monetary Fund approved Kenya’s request for a six-month extension to a $1.5-billion standby facility to allow the nation time to complete reviews of the lender-supported program. The government requested an extension to the facility in order to complete the delayed reviews, before embarking on talks about a new potential program. The current agreement […]

IMF Says Ghana Needs More Revenue, Fewer Spend Cuts for Goal

IMF Says Ghana Needs More Revenue, Fewer Spend Cuts for Goal

Ghana needs to improve revenue collection and can’t keep reducing spending on capital items to achieve its fiscal targets, the International Monetary Fund said. That’s one of the recommendations made by the Washington-based lender during a review of the nation’s $1 billion extended credit-facility program, country representative Natalia Koliadina said. Under the plan that started in […]

Page 1 of 41234