IMF extends Somalia funding following election
Mogadishu – The International Monetary Fund has agreed to extend the duration of a crucial aid package to Somalia, a... Read more
20 May, 2022
IMF backs new Mozambique loan, six years after scandal
Maputo – The International Monetary Fund (IMF) on Tuesday signed off on $456 million in credit to Mozambique, the... Read more
11 May, 2022
Rising prices stoke risk of unrest in Africa, says IMF
Paris – Surging food and energy prices stoked by the war in Ukraine may lead to “social unrest” in... Read more
28 Apr, 2022
IMF extends credit to Mozambique after debt scandal
Johannesburg – The International Monetary Fund has extended a credit facility to Mozambique, the first non-Covid related, since it pulled... Read more
30 Mar, 2022
Troubled Somalia elections hit new snag
Mogadishu – Somalia failed to conclude elections for the lower house of parliament by a deadline on Tuesday, marking... Read more
16 Mar, 2022
Stocks plunge, oil rockets, gold tops $2 000 on Ukraine fears
Hong Kong – Equity markets plunged on Monday, while oil prices soared to a near 14-year high and safe-haven gold... Read more
7 Mar, 2022
World Bank preparing $3bn emergency aid package for Ukraine
Washington – The World Bank announced on Tuesday that it is preparing a $3 billion aid package for war-torn Ukraine,... Read more
2 Mar, 2022
IMF reports ‘good progress’ after Tunisia bailout talks
Tunis – Tunisia and the International Monetary Fund made “good progress” in talks over a potential multi-billion-dollar bailout for the... Read more
24 Feb, 2022
IMF says Somalia funding at risk over election delays
Nairobi – The International Monetary Fund (IMF) could stop its programme in Somalia in three months if long-postponed national elections... Read more
22 Feb, 2022
Tunisians fear more economic pain as IMF talks loom
Tunis – Every day at the family grocery stall in a Tunis market, Bilel Jani sees the reality of... Read more
18 Feb, 2022
