IMF halts Malawi loan after $35M disbursed
The four-year Extended Credit Facility (ECF), approved in November 2023, had disbursed just $35 million before being halted
IMF halts Malawi loan after $35M disbursed Read More »
IMF
Congo’s fight against M23 rebels strains public finances, IMF says
The M23 rebel group, reportedly backed by Rwanda, has made unprecedented advances this year, intensifying a long-standing conflict in the mineral-rich eastern region
Congo’s fight against M23 rebels strains public finances, IMF says Read More »
Nigeria repays $3.4B COVID-19 emergency loan to IMF
According to Nigeria’s Debt Management Office, the country spent $4.66 billion on foreign debt servicing last year, with $1.63 billion allocated to the IMF
Nigeria repays $3.4B COVID-19 emergency loan to IMF Read More »
Egypt’s current account deficit widens to $11.1B in H1 of 2024
The central bank attributed the widening deficit to a 47.4% surge in the trade deficit, which reached $27.5 billion
Egypt’s current account deficit widens to $11.1B in H1 of 2024 Read More »
Tinubu’s reforms leave many Nigerians in poverty
Nigeria’s economic reforms have not yet helped poor citizens despite efforts to stabilize the country’s finances according to the IMF.
Tinubu’s reforms leave many Nigerians in poverty Read More »
Mozambique asks IMF to begin talks on fresh lending program
The IMF says Mozambique has requested talks to explore a new lending program after recent discussions in Maputo.
Mozambique asks IMF to begin talks on fresh lending program Read More »
Tanzania secures IMF staff-level agreement for new financing
IMF has agreed at staff level to release $441 million in funding to Tanzania pending final approval under its ECF and RSF programs.
Tanzania secures IMF staff-level agreement for new financing Read More »
Ethiopia restructures $8.4 billion in debt to stabilize economy
Ethiopia secured a deal to restructure $8.4 billion in debt, aiming to stabilize its economy after years of financial strain and high inflation.
Ethiopia restructures $8.4 billion in debt to stabilize economy Read More »
Egypt will cut fuel subsidies by December
Egypt will cut fuel subsidies to cost recovery level by December 2025 as part of its economic reform program, with the IMF approving $1.2 billion in financial support.
Egypt will cut fuel subsidies by December Read More »
IMF approves $1.2 billion disbursement for Egypt after fourth review
Egypt secures a $1.2 billion IMF fund release as part of its ongoing economic reform commitments.
IMF approves $1.2 billion disbursement for Egypt after fourth review Read More »