First Independent Mena Newspaper
Tunisia’s President Kais Saied has suspended ties with the IMF after shunning the reforms it conditioned for a lifeline deal that could have made it easier for Tunisia to access foreign loans. The failure of the $1.9 billion offered by the IMF in exchange for reforms puts Tunisia in an uphill battle to access funding […]
Tunisia has taken the decision to sever all communication with the International Monetary Fund (IMF), following claims from President Kais Saied that the IMF is overstepping its role and interfering in the country’s economic sovereignty. This move reflects rising tensions between the Tunisian Government and the global financial institution, which has been a key partner […]
The International Monetary Fund (IMF) commended Morocco’s tax reforms which enabled an enlargement of the tax base, narrowed the fiscal deficit and helped finance key reforms. “As a result, tax revenues in 2024 have been greater than expected. With only a small part of the additional tax revenues being saved, the central government’s deficit for […]
The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]
As many as 18 million Ghanaians are expected to cast their vote on 7 December to elect the country’s new president with concerns about inflation, unemployment and debt high on their priority list. Despite a tight race for the presidency, which will be contested between vice president Mahamudu Bawumia and former president John Mahama, analysts […]
Zimbabwe has initiated ambitious plans to address its $12.7 billion external debt through a high-level conference bringing together creditors and finance executives. The meeting, featuring President Emmerson Mnangagwa and African Development Bank leadership, aims to chart a path toward clearing arrears and accessing international capital markets. The nation’s debt burden, representing 81 percent of GDP, […]
The International Monetary Fund (IMF) has approved $415 million to support Morocco’s efforts to mitigate the negative impacts of climate change on its economic growth. Morocco continues to make progress in bolstering its resilience against climate change and seizing the opportunities from decarbonization, under the Resilience and Sustainability Facility (RSF), said the Fund in a […]
The IMF expects the Sub-Saharan African economy to grow by 3.6% in 2024 and 4.2% in 2025, noting that growth remains “subdued and uneven.” Resource-intensive countries continue to grow at about half the rate of the rest of the region, with oil exporters struggling the most, the IMF said in its regional economic outlook. “Factors […]
The IMF warned that the ongoing infighting in Sudan could undermine the wider region’s economy, citing the Central African Republic, Chad, Eritrea, Ethiopia, and South Sudan. These countries are already fragile as they receive waves of Sudanese refugees fleeing infighting and famine, the IMF’s deputy director for Africa, Catherine Pattillo, told AFP. A famine was […]
The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]