IMF Stories
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.
Kenya’s debt-to-GDP ratio stood at 65.7 per cent as of June 2024—well above the 55 per cent sustainability threshold.
Under the arrangements, total IMF financial commitment stands at about $3.61 billion (Sh467.3 billion), of which about $3.12 billion (Sh403.8 billion)...
Kenya needs continued support to keep its economy on track after its debt-servicing costs surged due to a borrowing spree over the past decade.
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
Mudavadi urged the IMF team to engage various stakeholders, including officials from the national and county governments.
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.
