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Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank

Cut The Debt Of Poor Countries, Pope Tells IMF, World Bank

 Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater say in global decision making. In a letter to the participants of the International Monetary Fund and World Bank’s annual spring meeting, the pope said […]

New IMF Reserves Could Fund Vaccinations For Low And Middle-Income Countries

New IMF Reserves Could Fund Vaccinations For Low And Middle-Income Countries

Moves to bolster the IMF’s emergency reserves could provide the $44 billion needed to vaccinate 70% of the population in lower- and middle-income countries by the end of 2022, at no added cost to rich countries, a new Rockefeller Foundation report finds. Finance officials from the Group of 20 major economies are expected to back […]

IMF Raises Aid To U.S.$4.5 Billion

IMF Raises Aid To U.S.$4.5 Billion

The International Monetary Fund (IMF) on Wednesday approved Angola’s request for increased financial assistance and immediately disbursed USD one billion. This measure brings the total assistance programme to almost USD 4.5 billion, a statement from the international financial body noted. According to the fund, this third positive assessment of financial assistance is given under the […]

Farmajo Lauds Somalia’s Achievement On Debt Relief

Farmajo Lauds Somalia’s Achievement On Debt Relief

President Mohamed Farmaajo has commended both the country’s achievement to reach interim debt relief. In a statement, President Mohamed Abdullahi Farmajo said the decision by the World Bank and IMF was critical for reforms in Somalia. “This debt relief decision by IMF, WB, IDA and the support from friends of Somalia, is a timely boost […]

IMF Disburses Us$23.4m To Liberia

IMF Disburses Us$23.4m To Liberia

First instalment of approved US$ 213.6 million The International Monetary Fund has disbursed to the Government of Liberia US$23.4 million, representing the first tranche of the Fund’s support which was agreed with Liberia earlier this month under an IMF External Credit Facility, the Ministry of Information, Cultural Affairs and Tourism (MICAT) have announced. According to […]

Former President Ellen Sirleaf Gets On IMF Advisory Post

Former President Ellen Sirleaf Gets On IMF Advisory Post

IMF Director Christine Lagarde on former President of Liberia, Ellen Johnson Sirleaf : “As we embark on the CSR, we are proud to have access to the expertise of… eminent people”. The International Monetary Fund (IMF) has named former President Ellen Johnson-Sirleaf as a member on one of its external advisory groups on surveillance. The […]

IMF Urges Nigeria To Review Tax Policies

IMF Urges Nigeria To Review Tax Policies

The International Monetary Fund, IMF, yesterday urged Nigeria to urgently review the country’s tax policies by widening the tax base and increasing compliance on Value Added Tax, VAT. Speaking at a panel session on ‘Leveraging Dom Amine Mati estic Resource Mobilisation for Sustainable Development,’ at the 2018 Nigerian Economic Summit, NES, in Abuja, yesterday, Mission […]

Zimbabwe Aims To Clear World Bank, AfDB Arrears In 12 months – Minister

Zimbabwe Aims To Clear World Bank, AfDB Arrears In 12 months – Minister

Zimbabwe aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months, after securing the support of international creditors and donor countries, Finance Minister Mthuli Ncube said on Friday. Zimbabwe has struggled to access international credit since defaulting on its debts to global lenders two decades […]

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 […]

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