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 …
Read More »Malawi suspends all government foreign trips
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 …
Read More »Morocco gets $1.3bn from IMF for climate and disaster fight
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, …
Read More »$100 million in emergency aid for Haiti
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 …
Read More »IMF to complete debt restructuring of Zambia and Chad by end of year
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 …
Read More »Somalia: further postponement of electoral deadlines
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 …
Read More »Somalia: IMF warns against further postponement of elections
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 …
Read More »Malawi: former finance minister and central bank boss arrested
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 …
Read More »IMF warns indebted countries of “economic collapse”
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 …
Read More »Zambia: economy minister says talks with IMF ‘progressive’
Zambia’s finance minister Situmbeko Musokotwane says talks with the International Monetary Fund (IMF) are “very progressive”. Situmbeko Musokotwane, the zambian economy minister said timelines and steps to be taken to advance the process for a highly anticipated Extended Credit Facility, a financial assistance programme offered to countries struggling to pay …
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