IMF Stories
According to the Treasury, clearing the earlier debt avoids higher interest costs in the future and spreads repayments over a longer period, providing...
The Fund observed that the country’s output expanded by 5.4 per cent in the first three months of 2025, but warned that deeper reforms are needed to p...
According to the International Labour Organisation (ILO), while the world is wealthier, healthier and better educated than in 1995, the benefits have...
The IMF provides the financing on an unsecured basis. It tries to ensure that it will be repaid by making the financing subject to policy conditions,...
In August, Thugge announced that Nairobi wants its next arrangement with the IMF to be a funded programme, which would provide direct financial resour...
The assessment highlights that Ethiopia’s repayment risks are aggravated by “bunching of debt service in the near to medium term” and by the sharp dec...
The arrangement will allow Kenya to channel resources into agricultural projects, irrigation, food storage infrastructure, and nutrition programmes, h...
Ould Tah becomes the ninth president of the regional lender that plays a vital role in financing development projects across the continent.
The report highlights that in low-income countries the situation is even worse, with eight out of ten people lacking all three essentials: clean air,...
The new Memorandum of Understanding (MoU) aims to tackle the physical and digital infrastructure deficits that have long constrained trade and economi...
The IMF highlights that several regions are registering moderate improvements in economic activity. Sub-Saharan Africa’s economy is expected to grow b...
Reports indicate that over 200 people have been injured and more than 1,200 arrested during the demonstrations, which were marked by widespread vandal...
This resilience is not accidental. It is the result of deliberate counter-terrorism strategies employed by Ghana’s security institutions.
According to the World Bank, the funds will go through existing government systems, particularly the National Safety Net Program, to provide structure...
Fuel subsidies previously helped keep prices in check, preventing increases of up to Sh9 per litre for diesel, Sh7 for petrol, and Sh8 for kerosene. B...
World Bank Country Director for Kenya, Qimiao Fan, emphasised that the sustainability of Kenya’s debt should not be judged only by the current numbers...
The funding is aimed at helping Somalia maintain macroeconomic stability and build stronger institutions in line with its National Transformation Plan...
Somalia's domestic revenue, which comes second as the country's source of resources, has over the years remained low, with the World Bank now urging r...
FDI inflows to emerging markets and developing economies (EMDEs) have weakened steadily as a share of their GDP since the global financial crisis
Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.
If convicted, Nzigiyimfura faces up to 30 years in prison, with sentencing to be determined by a federal judge in accordance with U.S. Sentencing Guid...
In Africa, the International Labour Organisation has downgraded the employment growth prospect from the earlier 1.8 per cent to 1.6 per cent.
The unresolved issues, according to the IEA, contributed to public discontent that culminated in widespread protests and an eventual premature end to...
Dr Abraham Rugo, the executive director of Bajeti Hub, expressed scepticism about the novelty of the IMF's findings, suggesting that much of the infor...
Though new discussions with the global lender have been initiated, the Treasury has opted not to include IMF assistance in the coming year’s fiscal pl...
Ethiopia opted to restructure its external debt under the G20's Common Framework in 2021, before it defaulted on its sole Eurobond in December 2023.
Were it not for the tariffs, the lender says the global economic growth would have seen only a modest cumulative downgrade of 0.2 percentage point, to...
Kenya, which is struggling with a heavy debt load and the accompanying high debt service costs, caught investor attention last month when it ditched t...
Kenya has struggled to rein in its fiscal deficit and boost revenue collection, two of the main requirements of the IMF.
