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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...
News

In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

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LONDON — Laurence D. Fink presents himself as the vanguard of a progressive form of capitalism in which profits are not everything: The enlightened money...
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...
African News

Tunisia seeks late debt payments as crisis hits economy, state budget

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Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more pessimistic economic and budget forecasts for 2020 because...
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...