Tag: IMF

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IMF says public debt is growing faster than pre-COVID projections

Public debt is higher and growing faster than projected before the COVID-19 pandemic, driven mainly by the United States and China, the world's two...

IMF warns deeper financial turmoil would slam global growth

The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe...

Yellen to push for ‘speedy’ action on debt relief for Zambia, Ghana

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts,...

No escape from the zero lower bound for top central banks, says IMF

Interest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within sight of the "zero lower...

China to attend IMF meeting in Washington after COVID hiatus

Top officials from China will attend the World Bank and International Monetary Fund spring meetings in Washington this week, their first attendance in person...

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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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