Tag Archives: IMF

Kigali, Rwanda | Xinhua | Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has hailed policies and sustained implementation of reforms to address climate change by the different stakeholders in Rwanda. “I came away impressed by the dynamism and creativity of Rwandan youth advocating for climate action and environmental conservation, …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund, IMF, has approved the immediate disbursement of 240 million dollars (886 billion Shillings) under the Extended Credit Facility (ECF) arrangement. This follows the approval of the combined second and third reviews of Uganda’s performance under the arrangement, and this brings the total …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …

Cairo, Egypt | Xinhua | The International Monetary Fund (IMF) said on Friday that its executive board had approved a loan to Egypt of about 3 billion U.S. dollars over 46 months. The decision enables an immediate disbursement of about 347 million dollars to Egypt, “which will help meet the balance of …

  Nairobi, Kenya | Xinhua | Financial experts on Tuesday called for the effective implementation of measures in order to avert an economic crisis in Africa. Catherine Pattillo, deputy director of the African Department at the International Monetary Fund (IMF), said in Nairobi, Kenya’s capital, that the global recession coupled with …

Nairobi, Kenya | THE INDEPENDENT | The International Monetary Fund, the World Bank and national lenders like the US, China and Japan are yet to agree on the modalities of debt relief for poor countries, as eligible ones remain reluctant to apply. A few countries have been processing their requests …

Kigali, Rwanda | THE INDEPENDENT | Rwanda and Uganda will lead East African Community’s growth next year, but the International Monetary Fund warns of tough times ahead. The tough times are being projected as a result of the tightening of economic policies, especially by the US whose Central Bank, the …

Washington, U.S. | Xinhua | There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday. “Emerging markets and developing countries have stressed that for them, it is paramount that they have the opportunity to drive …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Wednesday urged policymakers to prioritize protecting the vulnerable through targeted support, while keeping a tight fiscal stance to help fight inflation. “Governments confront difficult trade-offs amid sharp increases in food and energy prices,” Vitor Gaspar, director of the IMF’s fiscal …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy …