First Independent Mena Newspaper
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 Ajay Banga, IMF Managing Director Ms. Kristalina Georgieva and Head of European Commission Ms. Ursula von der Leyen have expressed “full solidarity with the Moroccan authorities and people” following the […]
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, and lead to increased deaths, according to a new report published by the International Monetary Fund (IMF). While climate shocks alone may not trigger new unrest, the Washington-based global lender […]
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 exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]
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 will develop several mining fields. The deal was signed Monday with state miner “Société Aurifère du Kivu et du Maniema”, “Zawya” reports, citing a statement from the Congo’s President Felix […]
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 the G20 Finance Ministers and Central Bank Governors in India, “Zawya reports”. The central African country in November 2022 reached an agreement with its creditors, notably Swiss commodities trader Glencore, […]
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, African Development Bank (AfDB) Group president has warned, just as the International Monetary Fund (IMF) has approved billion-dollar loans to Zambia and Senegal. AfDB chief, Akinwumi Adesina, said African markets […]
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 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]
The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process. Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West […]
The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]
Nancy Faeser and Gerald Darmanin respectively German and French Interior ministers arrived Sunday in Tunisia for meetings with Tunisian authorities few days after the North African country said it will not allow itself to become a border control agent for other nations, amid the migration crisis facing both Tunisia and European Union States. The arrival […]