IMF approved new emergency assistance for 28 countries, of which 22 are in Africa
The IMF continues to stand by the poorest in this time of global crisis. On October 5, the Fund approved new emergency assistance for 28 […]
IMF
South Africa: IMF Provides $4.3 Billion in Emergency Assistance to fight Covid-19
The IMF announced this week that it approved $4.7 billion (€3.7 billion) in emergency assistance in response to Covid-19 to South Africa. The country had […]
Gabon’s budget cut by 10% because of Covid-19
In Gabon, because of the Covid-19 pandemic, the government has decided to revise its 2020 budget downwards. As Gabon’s finance law is based on the […]
DRC to review its 2020 budget because of the coronavirus
“We’re an extroverted economy. This means that our exports and imports are more difficult to do today than they were yesterday. So that means, as […]
IMF helps Ghana face economic fallout
As growth falters and the government’s financing needs expand, Ghana received an aid from the International Monetary Fund. The West African country which was promoting […]
COVID-19: Africa records 59,393 cases, curfews extended, funds set up to fight the outbreak
Africa has now more than over 59,390 confirmed cases of coronavirus across the continent, according to the latest data by the John Hopkins University and […]
Humanitarian Crisis: Zimbabwe needs aid urgently—IMF
The International Monetary Fund has warned that Zimbabwe needs urgent aid as the coronavirus exacerbates the impact a food shortage following the worst drought in […]
Ethiopia secures $3 bln funding from World Bank
Ethiopia’s Prime Minister Abiy Ahmed on Friday announced the Horn of Africa nation had got $3 billion funding from the World Bank. The World Bank […]
IMF resumes lending program with DR Congo
It’s official. The government of Democratic Republic of Congo can now borrow money from the International Monetary Fund. The two parties last weekend agreed to […]
IMF unveils a new loan tranche of $34.6 million for Togo
The Executive Board of the International Monetary Fund (IMF) has approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF). The $ […]