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Tag: International Monetary Fund
Egypt’s Mahmoud Mohieldine re-elected executive director for Arab States at IMF
The International Monetary Fund, IMF, announced November 1 the re-election of Egypt’s ex-Minister of Investment, Mahmoud Mohieldine, as executive director and member of the board. ... Read More
Egypt, IMF ink $3bn new loan program deal
The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. ... Read More
World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle
Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the ... Read More
Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial ... Read More
Living on the edge in sub-Saharan Africa — IMF report
Sub-Saharan Africa’s economic activity is expected to slow significantly in 2022 and remain relatively modest in 2023 and looking ahead, the outlook remains highly uncertain, ... Read More
Zambia in talks with Saudi Arabia to secure “cheap oil”
Zambia had launched talks with Saudi Arabia to secure "cheap oil" supplies, while also seeking support from the International Monetary Fund (IMF). Zambian Minister of ... Read More
Africa’s crypto challenges: crackdown, ban or regulation in wake of rising scams
Despite rising interest all across the continent, trade in cryptocurrencies remains banned — in part due to concern about soaring losses arising from crypto scams ... Read More
Inflation could “inflame social tensions”, warns IMF
The global economic outlook is "darkening", the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the ... Read More
World Bank lends Tunisia $400m for social reforms
The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President ... Read More
Tunisia turns to domestic banks to fund national budget over lack of foreign lending
The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans ... Read More