Zimbabwe pays IMF arrears, first step to restoring lending

2016-10-21 20:30

Zimbabwe has paid off 15 years of arrears with the International Monetary Fund, taking the first key step towards restoring its access to international loans.

Zim finally settles IMF debt

2016-10-21 09:45

Zimbabwe has paid off its 16-year debt of $108m to the International Monetary Fund as part of its arrears clearance strategy with multilateral institutions.

Lagarde: Globalisation must be different

2016-10-06 19:42

Globalisation must be "different" in the future, with world governments working more to prevent persistent inequality, says IMF chief Christine Lagarde.

Sierra Leone slashes spending in huge austerity drive

2016-10-04 20:21

Sierra Leone has announced it will slash spending across the board and freeze all government projects to stabilise its finances following a prolonged economic slump.

IMF sees Namibia's economic growth slowing

2016-09-21 17:45

The IMF expects Namibia's economic growth to slow to 2.5% this year after expanding by 5.3% in 2015, as a decline in construction activity weighs.

IMF could soon help Guinea-Bissau

2016-09-12 19:30

An IMF representative says following an evaluation mission, the fund could lift a suspension on payments aimed at helping Guinea-Bissau.

IMF insists on international audit of Mozambique debt

2016-08-30 19:27

The IMF is demanding an external forensic audit of Mozambique's public debt to regain investor confidence after a scandal over more than $2bn in secret loans.

Egypt needs about $6bn to seal IMF deal

2016-08-12 18:18

Egypt's preliminary deal for a $12bn IMF loan programme can go to the board for approval only if the government secures $5-6bn in bilateral financing for the first year.

Egypt proposes 18-month reform plan to IMF - reports

2016-08-08 17:24

Egyptian newspapers say Cairo has proposed to IMF delegates an 18-month reform programme in return for a $12bn loan over three years to shore up its economy

Egypt asks IMF for loan to help economy

2016-07-27 21:00

The Egyptian government says it is finalising talks with the International Monetary Fund on a three-year loan programme.


African banks are sinking deeper into trouble

2016-10-21 19:31

Drowning in bad debt and swamped by slowing economies, more and more of the continent’s lenders are starting to fail.

Shawn Hagedorn: Time is now. Zuma must reshuffle towards pro-growth, pro-business

2016-10-17 20:06

The risk of the ANC not achieving a majority in 2019 means Zuma and his cronies are seriously motivated to avoid a downward economic and social spiral, says an analyst.

Better livestock policies in Africa offer a pathway out of poverty

2016-10-05 10:18

Using well-adapted African cattle to improve the gene pool is more sustainable than quick fix crossbreeding or cow donations, writes Thumbi Mwangi.

Six things to know about Deutsche Bank

2016-09-30 15:15

Shares in Deutsche Bank have plunged, dragging down other European banks and markets worldwide.

IMF prods Mozambique to allow audit of secret loan companies

2016-09-16 09:25

IMF chief Christine Lagarde has pressed Mozambique's president Filipe Nyusi to allow an independent international audit of companies involved in a loan scandal that forced an IMF and World Bank aid cutoff.

Eurozone inflation undershoots forecast

2016-08-31 12:54

Eurozone inflation has failed to accelerate in August, adding to signs that the eurozone’s economic outlook deteriorated ahead of a European Central Bank meeting.

IMF's radical wage plan for Japan turns Nixon policy on its head

2016-08-15 11:08

In a sign of how worried it is about Japan’s economy, the IMF is urging the country to resurrect a radical strategy once employed by former US presidents but only in reverse.

Eurozone economy cools, Germany helps pre-Brexit momentum

2016-08-12 12:15

Eurozone growth has slowed in line with economists’ forecasts, leaving the currency bloc vulnerable to any fallout from Britain’s vote to leave the European Union.

Ghana lawmakers back bill, breach IMF deal

2016-08-03 17:30

Ghana's parliament has overwhelmingly rejected a core condition of a $918m IMF aid deal meant to fix an economy dogged by high public debt.

Decade’s peak inflation deepens dilemma for Nigeria

2016-07-26 11:15

Caught between the highest inflation rate in more than a decade and an economy set to contract, Nigeria’s central bank may opt to do nothing.

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