AU urged to advance global financial architecture reform agenda
BY ANDUALEM SISAY GESSESSE – African leaders and the African Union Commission (AUC) are urged to advance justice…
IMF
DRC secures about $1.73 billion credit from IMF
The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a 38-month arrangement for The Democratic…
IMF to provide $47.4 million to Mauritania
The IMF Executive Board concluded today the 2024 Article IV consultation with Mauritania and also completed the Third…
Oil pipeline damage, refugee inflow challenge South Sudan economy
BY YANET FANTAYE WOGAYEHU – The economy of South Sudan is being challenged by the damages to the…
Zambia to secure $185.5 million from IMF
The Government of Zambia is set to secure $185.5 million funding from the International Monetary Fund (IMF). This…
IMF reduces cost of borrowing by 16 percent
The Executive Board of the International Monetary Fund (IMF) on Friday concluded the Review of Charges and the…
Following forex liberalization Ethiopia set to access IMF’s $345 million
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF)…
Impact of Ethiopia’s IMF-backed forex floating on consumer
BY YANET FANTAYE WOGAYEHU – As Ethiopia grapples with rising inflation and internal conflicts, consumers are closely watching…
IMF completes credit facility arrangement with Sierra Leone
An International Monetary Fund (IMF) and the Government of Sierra Leone reached a new 38-month Extended Credit Facility…
IMF approves $3.4 billion for Ethiopia
BY YANET FANTAYE WOGAYEHU – The International Monetary Fund (IMF) approved a four-year arrangement under the Extended Credit…
IMF to release $150 million to Tanzania
A team of the International Monetary Fund (IMF), which concluded its visit to Tanzania said it has concluded…
Focus on domestic resource mobilization, inflation – IMF told Africa
By Andualem Sisay Gessesse, Washington DC – In the face of cost of borrowing increasing and official development…
IMF reflects on Asia economic outlook
By Andualem Sisay Gessesse – Washington DC, USA – On the sidelines of the Spring meetings of the…
IMF set to release $360 million to Ghana
An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, held meetings…
IMF mission discusses Rwanda’s reform progress
A mission of the International Monetary Fund (IMF) discusses Rwanda’s authorities’ policy priorities and progress on reforms within…
IMF disburses $120 million for Uganda
The Executive Board of the International Monetary Fund (IMF) on Monday concluded the fifth review of Uganda’s Extended…
IMF approves $1.3 billion financing for Côte d’Ivoire
The Executive Board of the International Monetary Fund (IMF) on Friday approved about $1.3 billion as a Resilience…
Agriculture, remittances recovery to boost Somalia’s economy
Supported by continued recovery in agriculture, remittances, and investment, Somalia economic growth in 2024 is expected to improve…
IMF expresses concern about conflicts in Ethiopia
The International Monetary Fund (IMF) echoed the recent concerns by the United States about the ongoing conflicts and…
IMF advices Nigeria to address rising food insecurity
An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, which visited Lagos and…
Togo secures $390 million financing from IMF
The Executive Board of the International Monetary Fund (IMF) approved on Friday a 42-month arrangement for Togo under…
Côte d’Ivoire secures $1.3 billion financing from IMF
Côte d’Ivoire and the International Monetary Fund (IMF) have reached a staff level agreement on a package of…
Malawi economy set to grow 3.3 percent in 2014
The economy of Malawi, which was estimated to grow less than 2 percent in 2023, is set to…
Djibouti’s growth lacks sufficient employment, IMF
The International Monetary Fund (IMF) team which visited Djibouti this week says, its debt-driven growth over the past…
Burundi economy set to grow by 4.3 percent
The economic growth of Burundi, which began recovering from 1.8 percent in 2022 to 2.7 percent in 2023,…
IMF approves $100 million for Somalia
The Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit…
IMF advices Morocco to use its abundant renewable energy potential
The International Monetary Fund (IMF) in its Morocco country report advised the Maghreb country to utilize its abundant…
Ethiopia not signed deal with IMF for debt restructuring
By Andualem Sisay Gessesse (Marrakech, Morocco) – Though Ethiopia is one of the few African countries applied for…
Invest in global cooperation, economic foundations – IMF
By Andualem Sisay Gessesse (Marrakech, Morocco) – The head of the International Monetary Fund (IMF) Ms. Kristalina Georgieva…
African ministers discuss comprehensive reform proposals
African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions…