Tag Archives: IMF

The International Monetary Fund (IMF) has approved the release of $820 million for Egypt, welcoming the country’s efforts to restore macroeconomic stability. Egypt says it has shifted to a flexible exchange rate regime, a policy the IMF said on Monday remains a cornerstone of the authorities’ program. “Inflationary pressures are …

Zambians have celebrated the clinching of the $1.3bn (£1.1bn) bailout from the International Monetary Fund (IMF) after seven years of waiting. Social media is awash with memes and celebratory messages after the news broke, especially because Zambia became the first African country to default on its debt – estimated to …

Somali authorities have once again extended the deadline for the completion of the elections scheduled for February 25, privately owned Radio Risala reported Somalis will go to the polls on March 15, according to reports. Somali leaders cited drought reasons, security concerns and financial challenges for the extension of the …

Former Malawian Finance Minister Joseph Mwanamveka and former central bank boss Dalitso Kabambe have been arrested by police on charges of abuse of office and fraudulent accounting. A police spokesman said the two, while serving in their respective positions, allegedly procured and masterminded the falsification of financial records with intent …

The International Monetary Fund (IMF), on Thursday warned that an “economic collapse in some countries” is not excluded if the G20 does not act urgently in a context of pandemic which is still not under control. “We could see an economic collapse in some countries unless the G20 creditors agree …