Tag Archives: IMF

Dubai, United Arab Emirates | AFP | Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday. “At the current fiscal stance, the region’s financial wealth could be depleted by 2034,” the International …

Kampala, Uganda  | THE INDEPENDENT |  The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out of the ground and government’s inability to do all budgeted activities.  After assessing the economy, the IMF said Uganda had challenges to …

Latest in Uganda, Rwanda, Kenya, Burundi firepower | THE INDEPENDENT | Countries in the East African region continue to spend more on strengthening their armed forces, according to latest data. Although Kenya and Tanzania are the biggest spenders because of their relatively big budgets, most attention is on Uganda, Rwanda, …

Dubai, United Arab Emirates | AFP | Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday. The unrest is in turn contributing to slower growth in the Middle East and North Africa (MENA) region, alongside global trade tensions, …

Washington, United States | AFP |  At the critical moment of a Hollywood movie starring A-lister Sandra Bullock, Bolivia’s newly-elected president calls in the International Monetary Fund to bail out the poverty-stricken country, violating a campaign promise. The streets erupt in violent protest. The movie, “Our Brand is Crisis,” is …

Kampala, Uganda | THE INDEPENDENT | The budget allocation for the agriculture sector will in the next financial year pass the 1 trillion Shillings mark for the first time in what officials say will cater for research, fertilizers and coffee strategy. The allocation to the sector will grow by 300 billion …

The International Monetary Fund (IMF) on May 9 released a report on Uganda. The Resident Representative for Uganda, Clara Mira, talked to The Independent’s Haggai Matsiko about its important points. What is the IMF’s assessment of the performance of the Uganda economy? Around 2011, Uganda started a period during which …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has warned that as Uganda allocates more resources to interest repayment, key social services are being starved which will, in turn, impact health, schools, and job creation. In its latest economic outlook report for Uganda after the executive consultations on …

Kampala, Uganda | THE INDEPENDENT | The  International Monetary Fund has hailed  Uganda for achieving the Millennium Development Goal on halving poverty ahead of schedule but warned that the country must create over 600,000 jobs per year to keep up with its growing population. In its latest report after recent consultations …

Paris, France | AFP | China’s investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. While the funding it provided to Congo wasn’t part of the Belt and Road Initiative …