One hurt by letter bomb at IMF's Paris office

2017-03-16 18:45

A letter bomb has exploded at the Paris offices of the International Monetary Fund injuring a secretary who suffered burns to her hands and face.

Egypt pound rebounds from flotation slide

2017-02-20 19:30

The Egyptian pound has strengthened against the US dollar, regaining ground after record lows which followed the central bank's decision to float the currency in November.

Egypt merges ministries as it pursues economic reforms

2017-02-15 10:04

Egypt's parliament has approved a cabinet reshuffle that includes a merger of the ministries of investment and international co-operation, as the country pushes ahead with major economic reforms.

Egypt's foreign reserves reaches 26.4bn in January

2017-02-06 15:58

Egypt's Central Bank says that the country's foreign reserves have reached $26.4bn in January, up from $23bn in November.

IMF's Lagarde in Central African Republic to urge support

2017-01-26 06:00

The managing director of the IMF is making her first visit to Central African Republic to encourage the global community to support a country whose infrastructure has been "shattered" by conflict.

Egypt since its revolution six years ago

2017-01-23 19:45

Key developments in Egypt since its January 2011 uprising that brought down president Hosni Mubarak who ruled for three decades:

Saudi Arabia expects higher growth than IMF forecast

2017-01-18 16:01

Saudi Arabia’s growth this year will be significantly higher than the IMF's new forecast, according to Finance Minister Mohammed Al-Jadaan.

IMF: Education reform key to get SA out of growth slump

2017-01-17 08:37

The International Monetary Fund says broad-based reforms to education are needed to boost growth in South Africa, which it predicts will remain below 1% in 2017.

RW Johnson: Why Zuma’s ANC turning to racism, fuelling anti-white rhetoric – Best of BizNews 2016

2016-12-28 20:06

RW Johnson argues the ruling ANC is ill-equipped to cope with the vote-eroding path it has chosen, and so has started to employ crude racist tactics.

IMF board backs Lagarde after negligence conviction

2016-12-20 06:56

The International Monetary Fund’s executive board reiterated its backing for Christine Lagarde, indicating that she will stay in her job as managing director of the fund.


Despite Egypt reforms, investors seen wary of returning

2017-02-26 21:00

Egypt is pursuing a raft of reforms to try to revive an economy weakened by years of turmoil, but analysts say that wooing foreign investors will take time.

IMF expects Egypt inflation to ease after reform impact wears off

2017-02-15 17:52

The IMF expects Egypt’s inflation, which surged to almost 30% in January, to ease once the impact of measures including the floating of the currency wears off.

Egypt inflation hit 29.6% in January

2017-02-11 16:00

Egypt's annual inflation rate hit 29.6% in January, official figures showed, three months after the government floated the pound in line with an International Monetary Fund bailout.

Fica bill delay ‘good news for criminals’

2017-01-29 08:05

Business Leadership South Africa says only criminals are benefiting from President Jacob Zuma’s delay in signing the Financial Intelligence Centre Act amendment bill into law.

Six years after uprising, Sisi says Egypt 'on right track'

2017-01-25 21:44

Egyptian President Abdel Fattah al-Sisi has said that Egypt was "on the right track" six years after the uprising that overthrew Hosni Mubarak.

IMF says Egypt on track for next aid tranche

2017-01-18 21:31

Egypt has made a "good start" on reforms under a loan deal with the International Monetary Fund and soaring inflation is expected to drop around mid-2017, an IMF official says

Second I Coast soldier killed as mutiny protests return

2017-01-18 12:02

Two mutinous soldiers have been killed in Ivory Coast's administrative capital, as troops staged protests in several cities, firing shots in the air and terrifying residents.

Mozambique says will miss $60m interest payment

2017-01-16 18:42

Mozambique has said it would miss a $60 million interest payment on a 2023 bond, as its economic crisis deepens over hidden debt, the fall in commodity prices and a cut-off in aid.

IMF chief joins Cameroon summit on oil woes

2016-12-24 14:01

IMF chief Christine Lagarde has joined a Cameroon summit of central African leaders aimed at tackling economic woes brought on by weak oil prices.

No jail time for IMF’s Christine Lagarde

2016-12-19 18:01

International Monetary Fund chief, Christine Lagarde, who has been convicted of negligence during her time as France’s finance minister, won’t face a fine or prison term.

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