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Tag Archives: IMF

How Africa is cleaning up its debt mess

 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 …

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World Bank/IMF return to Africa

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. …

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Annual meetings of World Bank Group, IMF open in Morocco

Marrakech, Morocco | Xinhua |  The World Bank Group and International Monetary Fund (IMF) annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and …

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Interest rates pushing Africa further into climate chaos

Nairobi, Kenya | THE INDEPENDENT | Interest rates on external debt are hampering efforts by African governments to harness their resources for the green energy transition. President William Ruto of Kenya said that while Africa is endowed with vast renewable energy resources, it is being limited by high-interest rates on …

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UN chief says IMF, World Bank need urgent reforms

Nairobi, Kenya | THE INDEPENDENT | The UN Secretary-General, António Guterres has called for urgent reforms at the World Bank and the International Monetary Fund saying their policies are unfair to Africa which is faced with a debt crisis. The UN Chief who was in Nairobi at the high-level Africa Climate Summit said …

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