Tag: IMF bailout

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China says it will work for better solution of Zambia’s debt issues

China has always taken Zambia's debt issues seriously and will jointly work for a better solution, the Chinese foreign ministry said on Friday. Wang Wenbin,...

Swift Ghana debt rework would benefit Eurobond prices, says JP Morgan

A swift conclusion to Ghana's external debt restructuring would benefit its international bond prices but the talks may be tricky and holders could face...

IMF: Ghana intends to agree debt rework MoU with official creditors before November

Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to...

IMF approves Ghana US$3 billion loan facility

The International Monetary Fund's executive board has approved a $3 billion, three-year extended credit facility for Ghana, three senior Ghanaian officials said on Wednesday,...

China and Paris Club okay Ghana’s request for IMF support

China and the Paris Club have okayed Ghana’s request for support from the International Monetary Fund (IMF), an official statement released today (Friday 12...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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