Tag Archives: international monetary fund

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 …

According to the report entitled World Economic Outlook April 2024, published on April 16 by the International Monetary Fund, the rainbow nation steals the top spot from Egypt, which took first place in 2023. Algeria moved up to third place and Nigeria to fourth, thanks to rising hydrocarbon prices. The …

In addition to hunger, the strike launched by the Nigerian Labor Congress (NLC) on Tuesday morning is also intended to denounce insecurity throughout the country. Several localities in Nigeria have been on strike since last Tuesday. In a statement, the Nigerian Labor Congress, which called the strike, also called on …

Malawi’s President Lazarus Chakwera has suspended with immediate effect all international travel involving himself and all government officials. He has also ordered all ministers currently outside the country to return home. Speaking in a televised address on Wednesday night, he also announced restrictions on local travel and a reduction by …

The International Monetary Fund (IMF) has approved a $1.3bn (£1bn) loan to help Morocco improve its preparedness against natural disasters, three weeks after an earthquake killed nearly 3,000 people in the country. Some Moroccans criticised the government for its handling of the 8 September earthquake in the High Atlas mountains, …

The International Monetary Fund (IMF) on Monday approved emergency aid of $105 million for Haiti, which is plunged into a humanitarian crisis aggravated by inflation. The funds should enable the Caribbean country to “support those most affected by rising food prices through food distributions and payments to the most vulnerable …

International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad could be completed by the end of the year, which would pave the way for more countries to seek help. Georgieva, speaking with civil society groups at the start of the …

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 …

The International Monetary Fund (IMF) has warned the Somali government against another postponement of the elections, with the risk of stopping all assistance to the country. The financial institution said it could end its support program for Somalia within the next three months if the scheduled elections were to suffer …

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 …