Tag: IMF

IMF approves $1.3 Bln for Morocco under Resilience & Sustainability Facility Arrangement

October 1, 2023

The International Monetary Fund Executive Board has approved a Resilience and Sustainability Facility (RSF) for Morocco worth about $1.3 billion. The arrangement will support Morocco’s ... Read More

Russia invites Tunisia’s top diplomat Nabil Ammar to Moscow to bolster ties

September 26, 2023

Nabil Ammar, Tunisia’s Foreign Minister, is expected in Moscow on September 26 at the invitation of his Russian counterpart Sergei Lavrov, in a bid to ... Read More

IMF offers Morocco $1.3 bln loan to face climate risks

September 19, 2023

The International Monetary Fund will lend Morocco $1.3 bln to help the country fend off climate change risks, Morocco’s news agency reported. “The IMF concluded ... Read More

Morocco/Earthquake: India, AU, Paris, WB, IMF & EU Express Solidarity & Pledge Financial Support

September 10, 2023

India’s Prime Minister Narendra Modi, Chair of the African Union & Pdt. of the Comoros Azali Assoumani, President of France Emmanuel Macron, World Bank Chief ... Read More

IMF warns climate change to exacerbate conflict, war-torn, fragile African states most at risk

September 1, 2023

Climate change that is already disproportionately affecting war-torn countries threatens to exacerbate conflict in fragile nations across the globe, but most of all in Africa, ... Read More

African central banks’ rigid exchange rate regulation scrutinized by IMF

August 15, 2023

The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign ... Read More

DR Congo, UAE sign $1.9bln mining deal

July 20, 2023

The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country ... Read More

IMF praises Chad’s debt restructuring deal

July 20, 2023

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva hailed Wednesday the progress made in restoring debt sustainability globally including Chad, at a meeting of ... Read More

AfDB warns of 25 African countries facing debt risks, as IMF approves loans to Zambia, Senegal

July 8, 2023

The rise in cost of debt servicing has led to 25 countries in Africa being at risk of either high debt distress or in-debt distress, ... Read More

Mozambique ‘tuna bond’ case: Credit Suisse loses bid to block UK trial due in October

July 6, 2023

Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the ... Read More