Tag: IMF

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Zambians struggle with cost of living as debt rework drags on

The Comesa market in Zambia's capital Lusaka appears to be bustling, but traders say business is suffering as a weak local currency pushes up...

Africa needs bilateral help to cope with major funding squeeze, IMF says

Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its...

IMF urges Asia to keep monetary policy tighter for longer

Asian central banks may need to keep monetary policy "tighter for longer" to combat still substantial inflation risks, senior International Monetary Fund official Krishna...

IMF’s says global economy needs to overcome weak growth, sticky inflation

International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet...

Debtors, creditors agree steps to jumpstart debt restructurings

Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data...

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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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