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Tag Archives: IMF

IMF revises down 2021 global economy forecast to 5.9 pct

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage points from July’s forecast, according to the latest World Economic Outlook. “The global recovery continues but momentum has weakened, hobbled by the pandemic,” …

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Corruption at the World Bank

But if it can’t rank business friendly countries, who can? COVERY STORY | THE INDEPENDENT | Since the World Bank announced it has decided to abandon its flagship “Doing Business” series after several internal audits and the publication of a damning investigation, debate has raged over the way forward. The …

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IN THE INDEPENDENT: Corruption at the World Bank

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …

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IMF explains USD 1Bn Covid-19 loan facility to Uganda

Kampala, Uganda | THE INDEPENDENT | Officials from the International Monetary Fund (IMF) have explained the recently approved US Dollars 1 billion extended credit facility for Uganda to support the post Covid-19 recovery. The officials made the explanation on Monday afternoon during a meeting between the Leader of Opposition in Parliament, Mathias …

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Go slow on IMF financing, gov’t tells civil society

Kampala, Uganda | THE INDEPENDENT | The recent allocation of special drawing rights by the International Monetary Fund to its members has triggered fears of misuse, since the resource had been described as free, and not a loan. Special Drawing Rights are an international reserve asset, created by the IMF to …

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Africa’s free trade area boosts China

China is positioned to gain from significant constraints to accelerating and diversification of intra-Africa trade COMMENT | JONATHAN MUNEMO | The African Continental Free Trade Area (AfCFTA) intends to promote regional trade integration in Africa, which can play an important role in accelerating sustained growth and reducing poverty on the …

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Africa and the IMF

How the continent can seize the moment and start resetting its relationship with the international financial institution | DANNY BRADLOW | The International Monetary Fund (IMF) has injected $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide …

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Zambian opposition defeats ruling party

Stalwart Hichilema secures big win in presidential elections | MICHELLE GAVIN | Late last week, in the midst of deep economic crisis and fears of political violence, the Zambian people took decisive action in favour of a change in course. They turned out in robust numbers to elect veteran opposition …

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