Ghana agrees to restructure $5.4 billion in debt with new MoU
Ghana has signed a memorandum of understanding (MoU) with bilateral creditors, including China and France, to restructure $5.4 billion of debt. This agreement is crucial […]
International monetary Fund
Ghana Unable to Secure Debt Agreement with Global Bondholders
Ghana’s attempts to restructure its $13 billion international bond debt have hit a snag, according to government sources on Monday, dealing a setback to its […]
Somalia Achieves 99% Debt Cancellation from Paris Club Creditors
Somalia successfully negotiated the elimination of 99% of its debt to members of the Paris Club, marking a significant achievement in the nation’s journey to […]
IMF to Evaluate the Economic Impact of Drought in Zambia
The International Monetary Fund (IMF) has announced its intention to visit Zambia in mid-April to evaluate the economic impact of the ongoing drought. With 84 […]
Mozambican government plans additional tax on rents and broadening of VAT base
The Mozambican government has made a commitment to the International Monetary Fund (IMF) to broaden the VAT base and apply an “additional tax” to rental […]
Mozambique must maintain fiscal consolidation and ease monetary policy
The International Monetary Fund (IMF) argues that Mozambique should continue fiscal consolidation in order to reduce debt needs, signaling that an easing of monetary policy […]
IMF approves new disbursement of 55.4 million euros in assistance program for Mozambique
The International Monetary Fund (IMF) has approved the third assessment of the assistance plan for Mozambique, allowing the “immediate disbursement” of a new tranche of […]
Ethiopia officially in debt default
The long-awaited news became official on Tuesday December 26: Ethiopia has defaulted on its debt. The country has defaulted on its last payment of $33 […]
IMF admits situation is “a little complicated” due to increase in domestic debt in Mozambique
The representative of the International Monetary Fund (IMF) in Mozambique has classified the domestic debt situation as “somewhat complicated”. Alexis Meyer (IMF representative) says that […]
Guinea-Bissau maintains growth trend close to 5%
Guinea-Bissau’s economy is expected to maintain a growth trend of around 5% this year and next, but will continue to depend on international donors to […]