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Tag : IMF

African News

Algeria economy rocked by one-two punch of coronavirus crisis

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Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And...
African News Business Canada US

US slaps sanctions on Zimbabwean tycoon

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The US on Wednesday imposed sanctions against a business tycoon with close links to Zimbabwean President Emmerson Mnangagwa and former leader Robert Mugabe for allegedly...
African News

IMF approves $171.9 million to Madagascar to address coronavirus pandemic

InterNewsCast
The International Monetary Fund (IMF) approved $171.9 million of funding to Madagascar, it said on Thursday, bringing the total COVID-19 emergency support to the country...
African News Health

IMF approves $7.6 million debt relief to Burundi

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The International Monetary Fund said it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic. It...
Business Finance

Lebanon central bank sets up committee to restructure banks

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Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters...
Business Finance

MAN welcomes CBN’s unification of exchange rates

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The Manufacturers Association of Nigeria (MAN) says the unification of the country’s exchange rate is a welcome development that will engender increased investment inflow in...
African News

IMF calls for cautious reopening of Africa

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As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is...
African News

Sudan to introduce direct cash payments to its neediest citizens

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Sudan will begin rolling out an experimental programme of direct cash transfers to its neediest citizens next week as it tries to wean the country...
African News

Ugandan to lose $1.6 billion in tourism earnings as a result of coronavirus

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Uganda will lose $1.6 billion a year in earnings from tourism as visitors stay away due to the impact of the coronavirus, President Yoweri Museveni...