Home » Posts tagged with » International Monetary Fund (Page 2)

Cabinet Passes International Monetary Fund Loan Agreement to the President

Cabinet Passes International Monetary Fund Loan Agreement to the President

Cabinet approved on Wednesday International Monetary Fund (IMF) loan agreement and referred it to the president ahead of parliamentary review. State newspaper Ahram quoted finance minister Amr El-Garhy as saying: “The cabinet reviewed the main reform aspects of Egypt’s economy which include budget deficit, foreign reserves, and internal debt,” in a press conference held on […]

Ten African Economies to Watch in 2017

Ten African Economies to Watch in 2017

The continued failure of commodity prices to recover significantly and the global slowdown of economic growth, especially in China and other emerging markets, made 2016 a tumultuous year for many African economies, indeed, “the worst year for average economic growth” in the region in over twenty years, according to a report from Ernst & Young. […]

Ivory Coast: Powering Africa’s fastest growing economy

Ivory Coast: Powering Africa’s fastest growing economy

This prosperous West African country is Africa’s fastest growing economy in 2016, according to the International Monetary Fund (IMF). The country’s phenomenal growth rate of 8.5 percent greatly contrasts with the rest of sub-Saharan Africa which has only seen three percent growth. But not every Ivorian is reaping the rewards. While the economy powers ahead, […]

Can the IMF Really Drag Zimbabwe Out of Its Crisis?

Can the IMF Really Drag Zimbabwe Out of Its Crisis?

Zimbabwe’s coffers are empty. Salaries for the army and air force have been delayed for several weeks; and other civil servants will only receive their pay cheques by the middle of July. For the government and 92-year-old President Robert Mugabe, this latest cash crunch couldn’t have come at a worse time, as a fierce succession […]

Namibia Joined Hands Tackle Poverty

Namibia Joined Hands Tackle Poverty

A conversation with Namibian President Hage Geingob’s senior economic advisor brings to mind mental exercises in outlining complex documents. John Steytler, who was a senior advisor at the International Monetary Fund in Washington DC and returned to Namibia to become statistician general before joining the president’s team at State House, seamlessly describes key action areas […]

It’s Time For Zimbabwe To Start Using South Africa’s Rands As it’s Official Currency

It’s Time For Zimbabwe To Start Using South Africa’s Rands As it’s Official Currency

Zimbabwean banks have called for the adoption of the South African rand as the main currency of exchange arguing that use of the United States dollar was no longer sustainable. Zimbabwe dumped its hyperinflation-ravaged local currency in 2009, adopting a basket of foreign currencies, mainly the US dollar, South African Rand, Botswana Pula and Euro. […]

How Can Africa Reposition Itself for Economic Growth? We Can’t Continue to Count on China

How Can Africa Reposition Itself for Economic Growth? We Can’t Continue to Count on China

The current global economic slowdown should not viewed in the context of whether Africa is rising or falling but rather as an opportunity to reposition the continent for a more inclusive, sustainable growth, delegates at a major conference in Kigali said yesterday. The point was highlighted by panelists who discussed growth in Africa at the […]

Africa’s growth: Meltdown or slowdown?

Africa’s growth: Meltdown or slowdown?

Economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to15 years. The International Monetary Fund’s (IMF) baseline projection for 2016 is now down to 3%, from what was a forecasted 6.1% in April 2015(1). The main reasons for a relative slowdown are not […]

Angola is committed to economic diversification with the support of the IMF

Angola is committed to economic diversification with the support of the IMF

The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to promote economic diversification have already resulted in a significant increase in the contribution of the non-oil sector to GDP to 69,1% percent […]

International Monetary Fund, (IMF) To Help Kenya Manage Biting Cash Crisis

International Monetary Fund, (IMF) To Help Kenya Manage Biting Cash Crisis

The International Monetary Fund has strengthened its technical support to Nairobi in managing cash flow amid slowing revenue collections. IMF resident representative Armando Morales said increasing demand for cash, especially from the 47 counties, has led it to second more experts to Kenya from its Technical Assistance Centre in Dar es Salaam. Morales however said […]

Page 2 of 3123

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone