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International Monetary Fund

IMF approves financing plan of debt relief to Sudan


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The International Monetary Fund (IMF) executive board on Monday approved a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan. The financing plan relies on a broad effort of IMF member…

IMF seeks strong G20 policies; warns of “dangerous divergence”


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The International Monetary Fund (IMF) has called for strong G20 policies, while warning of a dangerous divergence between and within economies. The IMF Managing Director, Kristalina Georgieva, made the call during the just…

Global Public Debt hits 98% of GDP, says IMF


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The International Monetary Fund (IMF) has announced that global public debt has reached 98% of GDP, as against the projected 84% at the close of year 2020 prior to the coronavirus pandemic.…

IMF ends review of Ukraine’s loan, withholds next tranche


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The International Monetary Fund (IMF) has ended a remote review of its $5 billion loan program with Ukraine but didn’t clear the next tranche because conditions haven’t been met. According to the IMF, it held discussions with…

Nigeria: IMF recommends exchange rate reforms, increased Govt. revenues


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The International Monetary Fund (IMF) in its latest economic assessment of Nigeria, Africa’s largest economy, has recommended exchange rate reforms to establish a unified rate and allow greater flexibility, while calling for strengthened…

COVID-19: IMF approves US$2.7bn for Panama


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The International Monetary Fund (IMF) has approved a two-year arrangement for Panama under the Precautionary and Liquidity Line (PLL) in the amount equivalent to US$2.7 billion (SDR 1.884 billion) to serve as insurance against extreme…

IMF: Angola gets $488 million to curb debt


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The International Monetary Fund (IMF) has approved the disbursement of $488 million to Angola and reiterated its confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels. The…