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 pipeline that carries 70 percent of it’s oil production through Sudan, and by 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 is announced following the Staff-Level Agreement on the Fourth Review of the Extended Credit…
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 Surcharge Policy, which can lower IMF borrowing costs for members by 36 percent, or…
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) arrangement reached between the International Monetary Fund (IMF) and the Government of Ethiopia, the…
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 for signs of relief following the government’s July decision to introduce a floating foreign…
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 (ECF) arrangement, with requested access of SDR 187 million (about US$253 million).
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 Facility (ECF) for Ethiopia in an amount equivalent to SDR 2.556 billion (850 percent…
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 it review and plans to release $150 million to the East African country.
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 assistance declining, the International Monetary Fund (IMF) advices Sub-Saharan African countries to make the…
IMF reflects on Asia economic outlook
By Andualem Sisay Gessesse – Washington DC, USA – On the sidelines of the Spring meetings of the International Monetary Fund (IMF)/World Bank (WB) taking place in Washington DC, Krishna Srinivasan, Director,…
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 in Accra during April 2-12, 2024, which will enable Ghana to access to about…
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 the context of the third reviews of Rwanda’s Policy Coordination Instrument (PCI) and Resilience…
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 Credit Facility (ECF) Arrangement with immediate disbursement of SDR 90.25 million (about $120 million).
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 and Sustainability Facility (RSF) Arrangement for Côte d’Ivoire.