Tag Archives: IMF

HARARE | TASS | Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF). Growth rates in countries such as Rwanda, Uganda, and Ethiopia will exceed 7%, while South …

Without comprehensive reform of the global financial system, Africa’s development and Europe’s stability will face growing risks COMMENT | Nana Akufo-Addo & Ulrich Volz | On November 24-25, African and European leaders met in Luanda, Angola, for the European Union-African Union summit. Marking 25 years of EU-AU partnership, the gathering was not …

Lender’s decision is expected early next year Kampala, Uganda | AGENCIES | Uganda is negotiating a new funding programme with the International Monetary Fund (IMF) after the expiry of its previous $1 billion facility last year, as the East African nation faces mounting debt and rising financing costs. Ramathan Ggoobi, …

In its latest economic outlook, the IMF sees only the storms in the Western skies rather than the calm in the East COMMENT | VIJAY PRASHAD | On 22 April 2025, the International Monetary Fund (IMF) released its annual World Economic Outlook report, which has a quiet but decisive subtitle: A …

KAMPALA, UGANDA | THE INDEPENDENT | Uganda and the Netherlands have been elected co-chairs of the Coalition of Finance Ministers for Climate Action, a group of 98 member countries. This came at the ongoing 2025 Spring meetings of the World Bank Group and International Monetary Fund (IMF) in Washington, D.C., …

BUENOS AIRES | Xinhua |  Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …

Kampala, Uganda | THE INDEPENDENT | Uganda has outlined plans aimed at reducing its national debt starting in 2027 the year it is forecast to touch 53 percent of the value of the economy (GDP). The country’s national debt stands at 25.6 billion (93 trillion shillings) as of the end of …

Stick to corruption fight, financial discipline, IMF tells Uganda Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund has commended the pace of Uganda’s growth but urged for a stronger anti-fight corruption fight and budget discipline ahead of the coming of oil revenues. This comes as Uganda’s economic growth improved …

Why and what can be done about it to reverse the trend going forward ANALYSIS | DANNY BRADLOW | The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which …

NAIROBI, Kenya | Xinhua | The Kenya shilling strengthened against the U.S. dollar Friday to close the week at the 130 mark, the strongest level in about a year. The Central Bank of Kenya (CBK) quoted the local unit at 130.7 shillings against the dollar Friday, as the local currency …