Tag Archives: IMF

Washington, U.S. | Xinhua | Gita Gopinath, chief economist and director of the Research Department at the International Monetary Fund (IMF), intends to leave the IMF in January 2022, and return to Harvard University as planned, the IMF announced on Tuesday. “Gita’s contribution to the Fund and our membership has been …

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,” …

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 …

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 …

The group wants government to open up on the plan for this cash Kampala, Uganda | THE INDEPENDENT | Government needs to open up on the recent allocation of the Shs1.2trillion International Monetary Fund’s Special Drawing Rights (SDRs) and invest in the fight against COVID-19 pandemic to boost economic recovery, …

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 …

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 …

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 …

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 …

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 …