Tag: IMF

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IMF board to meet on July 12 for first review of Zambia’s programme

The International Monetary Fund executive board will meet on July 12 to complete the first review of its $1.3 billion extended fund facility (EFF)...

Nigeria could save $5.1 billion this year from reforms, says World Bank

Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of...

Ghana agrees restructuring deal with banks on some domestic debt

Ghana has reached an agreement with banks to restructure GHC15 billion (US$1.36 billion) of locally issued US dollar bonds and cocoa bills, three sources...

Ghana sends debt rework proposal to official creditors, say sources

Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African...

Don’t kiss your dollars goodbye just yet, says IMF chief

Kristalina Georgieva, the managing director, of the International Monetary Fund (IMF) said on Wednesday (24 May) she does not expect there to be a...

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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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