IMF,IMF loans Stories
These loans, arguably, help the country address challenges such as budget deficits, maintaining public debt sustainability and alleviating foreign exc...
The East African nation defaulted on its sole $1 billion bond in December 2023, and negotiations over restructuring the debt have been slow and acrimo...
A rollover involves renewing a loan instead of repaying it at maturity, with the outstanding principal and other components carried forward, with or w...
Ethiopia has been struggling to clear its mountainous debt and in 2023 the country defaulted on its $1 billion Eurobond.
The rise was attributed to the exchange rate adjustment and new loans amounting to $1.6 billion, secured from the International Monetary Fund (IMF) an...
The IMF's role in Ethiopia's debt overhaul has come under criticism from some quarters, including from World Bank staff, who questioned the conclusion...
The percentage of experts forecasting stronger growth for Sub-Saharan Africa has increased to 78% this year, up from 65% last year, signalling a posit...
The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a long-term solvency issue, a point of contention...
Last month, Ethiopia and IMF agreed on the second review of a $3.4 billion financing programme.
With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.
Cyclone Chido, which made landfall in northern Mozambique over the weekend killing at least 34 people, has also dampened growth prospects.
The G-to-G arrangement allows Kenya to import refined petroleum products and make payments in Kenyan shillings, rather than in US dollars.
Mahama said the IMF had agreed to send an early mission to conduct a regular review.
The IMF's stance comes in the wake of public uproar over the proposed Finance Bill 2024, which many critics believed reflected the IMF’s influence.
The government might have to cut back on interest payments and funding for the transition, he added, unless a budget is passed in December.
The warning follows the IMF's approval in October of a Sh78 billion loan to Kenya. The decision was part of a review process disrupted earlier this ye...
A spokesperson in the World Bank's Kenya office confirmed the talks for new funding, which fell under its "Development Policy Operations" (DPO) with t...
Faye sought a clear parliamentary majority in Sunday's vote to implement the reform agenda that helped sweep him to power in a landslide election vict...
Donald Trump's second-term policies could push the US dollar higher, igniting inflation and debt costs in developing nations. Several African states a...
The rise in reserves is largely attributed to IMF debt inflows and CBK's strategic net purchases of dollars.
