Washington, United States | AFP | Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday. While the concerns “aren’t all setting off alarm bells just yet,” governments will face challenges …
Read More »Uganda’s strategic dilemma Part2
Why Uganda’s economy is dominated by multinational capital and what cannot be done about it THE LAST WORD | ANDREW M. MWENDA | We begin from where we stopped last week. Uganda’s growing economy served three critical purposes: It increased government revenues, gave greater confidence to donors to give more …
Read More »IMF offers free medical services to 600
Kampala, Uganda | THE INDEPENDENT | Over 600 residents of Banda a Kampala suburb received free medical treatment and services for different health challenges courtesy of the International Medical Foundation (IMF), a charity organization under the International Medical Group. The all-day fair conducted in partnership with Apar Foundation, Uganda Sickle …
Read More »IMF board approves new Ukraine loan package, releases $1.4 bn immediately
Washington, United States | AFP | The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released $1.4 billion for immediate use. The IMF had agreed on the $4 billion, 14-month loan in mid-October but the board was waiting for the …
Read More »The destiny of nations
THE LAST WORD: Why some nations prosper and others stagnate and what we cannot do about it THE LAST WORD | Andrew M. Mwenda | The International Monetary Fund (IMF) has 187 countries in its list of nations whose Gross Domestic Product (GDP) it captures. Of these, 39 are listed as …
Read More »IMF warns of ‘somewhat’ greater global financial risk
New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …
Read More »US-China trade war sparks IMF global growth cut warning
Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …
Read More »THIS WEEK: Legislators ask World Bank, IMF for better terms of trade
Legislators ask World Bank, IMF for better terms of trade Kampala, Uganda | THE INDEPENDENT | Members of parliament attending the 2018 Global Parliamentary Conference at the World Bank Headquarters in Washington DC have asked the International Monetary Fund (IMF) and the World Bank to always consider giving African countries better …
Read More »IMF unveils new corruption policy for member states
Washington, United States | AFP | The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aims to tackle how rich countries contribute to corruption in the developing world by failing …
Read More »IMF’s Lagarde warns against harming trade, investment
Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …
Read More »