Tag: IMF

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Growth downgrade for China ‘very likely’ on Covid surge: IMF chief

Economy

The Business Files Reporter - December 14, 2022

A lower growth forecast is "very likely" for China this year and next, with easing Covid-19 restrictions expected to bring a surge in infections...

IMF says global debt well above pre-pandemic levels despite steep 2021 drop

Business

The Business Files Reporter - December 13, 2022

Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs because of the impacts of COVID-19,...

Africa’s debt conundrum

Africa

The Business Files Reporter - November 9, 2022

Some observers believe that African governments are falling into the same debt patterns as spiralled out of control in the 1990s and into the...

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IMF predicts global public debt will be at 93% of GDP by end of 2024

The Business Files Reporter - October 21, 2024

World Bank’s Banga says more bilateral debt forgiveness needed

Africa October 18, 2024 0

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

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

Business June 12, 2024 0

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

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

Energy April 24, 2024 0

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 April 24, 2024 0

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

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