IMF calls for cautious reopening of Africa
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...
Tag : International Monetary Fund
Sudan to introduce direct cash payments to its neediest citizens
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...
China Doesn’t Want a New World Order. It Wants This One.
China is in the midst of a fierce battle to salvage its reputation. Under fire for their part in the pandemic and reproached for their...
Ugandan to lose $1.6 billion in tourism earnings as a result of coronavirus
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...
Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’
From Angola to Jamaica to Ecuador to Zambia, the world’s poor countries have had their finances shredded by the global pandemic. The president of Tanzania...
Two decades on, Zimbabwe takes stock of Robert Mugabe land reform legacy
Eighty-year-old Isobel Simons calmly narrated how she and her late husband lost their 728-hectare Zimbabwe farm two decades ago to Robert Mugabe’s controversial land reforms....
Nigeria’s economy grow by nearly 2 percent in Q1 despite lockdown
Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world,...
Lives Depend on Argentina’s Debt Talks
Argentina is currently engaged in intense negotiations with its creditors over at least $65 billion in government debt. The most important part of that negotiation,...
Egypt receives $2.77 billion in IMF emergency financing
Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported on Tuesday, citing a senior central bank...
Argentina Teeters on Default, Again, as Pandemic Guts Economy
BUENOS AIRES — Argentina is hurtling toward default on international loans in two weeks, a prospect that threatens to revive its reputation as a serial...