Tag: IMF

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Zambia official creditors, IMF voice ‘reservations’ on bondholder deal

Zambia's official creditors and the International Monetary Fund have "expressed reservations" about a debt restructuring deal the government has reached in principle with an international...

IMF to increase Kenya programme by $650 mln, presidential adviser says

The International Monetary Fund has agreed to increase Kenya's lending programme by $650 million, the Kenyan president's chief economic adviser said on Tuesday. Sovereign debt...

Debt squeeze leaves sub-Saharan Africa’s governments in fiscal bind

 The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may...

IMF hopes Ghana will reach debt deal in 6-8 weeks

 The IMF hopes that Ghana will reach a debt restructuring agreement with bilateral creditors within six to eight weeks, an official at the Fund...

IMF’s Georgieva says debt restructuring process making progress

 International Monetary Fund Managing Director Kristalina Georgieva on Thursday said consensus was growing in sovereign debt restructuring discussions on issues such as the comparability...

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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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