Tag Archives: IMF

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 …

Kampala, Uganda | THE INDEPENDENT | The government programs continue to be impacted by financial pressures this year, amidst dwindling low-cost financial sources and plans to reduce commercial borrowing. This is a spillover from the large (5.5 percent of GDP) fiscal deficit in 2022/2023 was larger than planned, due to a …

 IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region. SPECIAL REPORT | BIRD AGENCY |  Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global …

KIGALI, RWANDA | Xinhua | Rwanda has secured 268 million U.S. dollars from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance said on Friday. The funding, approved on Thursday under the new Standby Credit Facility, will also be used to boost balance of payments, the …

Why Uganda was not on the list for worst roads COVER STORY | THE INDEPENDENT | A new report on the state of roads attributed to the International Monetary Fund (IMF) has recently left Ugandans agitated for a surprising reason; that their country was not named among the top 10 with …

Given cautious welcome as questions linger remain over unfulfilled promises ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September. …

Africa is to gain additional seats on the influential boards of the International Monetary Fund (IMF) and World Bank, elevating the region’s clout in global finance governance. This comes as African nations look to carve out space to act with greater agency and self-determination, both in continental and world affairs. …