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IMF Staff Completes 2015 Article Iv Mission to Togo

IMF Staff Completes 2015 Article Iv Mission to Togo

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a […]

IMF says Greece needs extra 50bn euros

IMF says Greece needs extra 50bn euros

Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans, the International Monetary Fund (IMF) says. The IMF also cut its forecast for Greek economic growth from 2.5% to zero. And it repeated its earlier suggestion that Greece needed debt relief in […]

Greece and Zimbabwe now have something in common: Greece misses $1.7 Billion IMF Payment

Greece and Zimbabwe now have something in common: Greece misses $1.7 Billion IMF Payment

German Chancellor Angela Merkel ruled out an immediate return to debt talks as Greece became the first advanced economy to miss payment to the International Monetary Fund and its European bailout also expired. While Merkel rejected talks before a July 5 referendum called by Greek Premier Alexis Tsipras on further budget cuts, euro-area finance ministers […]

Ghana Residents Not Happy As army Destroys Their Homes

Ghana Residents Not Happy As army Destroys Their Homes

Bulldozers razed hundreds of homes and businesses in the poor Sodom and Gomorrah neighborhood of Ghana’s capital on Saturday so the authorities can start widening a lagoon to prevent a repeat of this month’s deadly floods. Some residents said security forces sprayed them with tear gas after they threw stones to protect their livelihoods from […]

Zimbabwe asks West for financial support

Zimbabwe asks West for financial support

ZIMBABWE has asked for financial support from the West for the first time in a decade at a meeting of Western diplomats and international lenders. Western nations, who accuse President Robert Mugabe’s government of election rigging and human rights abuses, have restricted funding to charities since 2002. But Zimbabwean government officials met Western ambassadors and […]

IFC signs a Cooperation Agreement with the Government of Guinea-Bissau to promote SMEs

IFC signs a Cooperation Agreement with the Government of Guinea-Bissau to promote SMEs

WASHINGTON— IFC, a member of the World Bank Group and the government of Guinea-Bissau signed a Cooperation Agreement to inaugurate the second Africa Leasing Facility program to ease access to finance to small businesses in the country. The signing event marks the official launch of the program in the Republic of Guinea and seeks to […]

Ghana could be HIPC by the end of 2015 : IMF

Ghana could be HIPC by the end of 2015 : IMF

According to the International Monetary Fund (IMF), Ghana’s total public debt could hit the dreaded 70% mark by the end of this year. If this prediction by IMF Fiscal Monitor – released at the on-going IMF/World Bank spring meetings in Washington DC – comes to pass, then it would be official that Ghana is a […]

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