Tag Archives: IMF

Washington, USA |  XINHUA |  Cooperation between the United States and China, the world’s two largest economies, would be vital for a faster global recovery from the COVID-19 pandemic, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday. “What we see today is the U.S. and …

What IMF figures on GPD growth in the world tell us about Uganda’s economic performance over time THE LAST WORD | ANDREW M. MWENDA | Recently I wrote to the International Monetary Fund (IMF) to find out how Uganda’s economy has been performing over the last five years compared to …

CSOs call for ‘special drawing rights’ to deal with COVID-19 crises Kampala, Uganda | JULIUS BUSINGE | Economic experts are calling for the implementation of all kinds of measures geared towards bringing back to life the world economy that has been severely hit by COVID-19 pandemic since last year when …

Domestic debt has gone up to 6.8 trillion Shillings which is more than 1 percent of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The government has acknowledged that it has broken its own domestic debt ceiling, to a level which it calls ‘unhealthy domestic borrowing.’ The amount of debt that …

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

After lockdown, Uganda, Ghana and Senegal show early recovery signs Kampala, Uganda | RONALD MUSOKE | Dozens of African countries will experience subdued economic recovery next year, according to predictions shared by experts at a recent roundtable organized by the Nairobi-based Africa Trade Insurance Agency. The annual roundtable event which …

Kampala, Uganda |  THE INDEPENDENT | The International Monetary Fund, IMF, is proposing that the multi-lateral lenders extend the Debt Service Suspension Initiative to the end of 2021 because most of the countries burdened will not recover by early next year. COVID-19 has dealt a major blow to the world’s poorest …

Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …

QUITO, Ecuador | XINHUA |   Ecuadorian President Lenin Moreno on Wednesday announced the board of the International Monetary Fund (IMF) approved a 6.5-billion-U.S.-dollar loan agreement reached at the end of August. “A few minutes ago I had a conversation with people from the International Monetary Fund and I can tell you that …

Washington, US | XINHUA | Global current account surpluses and deficits narrowed in 2019, and the COVID-19 pandemic could narrow the imbalances further in 2020, the International Monetary Fund (IMF) said in its annual External Sector Report released on Tuesday. In 2019, the global current account balance, the absolute sum …