Tag
IMF
Ghana has reached an agreement in principle with its bondholders to restructure its $13 billion Eurobonds.
Global Forex Reserves hit $12.3 trillion at the end of 2023 representing a 3.5% year-on-year increase from the $11.92 trillion recorded a year earlier.
The International Monetary Fund (IMF) has stated that the challenge of import restrictions in Nigeria and other African countries complicates business operations.
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in development finance activities to a combination of private banks and Development Finance Institutions (DFIs).
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due to implicit fuel and electricity subsidy payments and increased interest costs on debt.
The International Monetary Fund (IMF) has recommended that global crypto trading platforms should be registered or licensed in Nigeria and subject to regulatory requirements.
The federal government is considering introducing excise duties in the telecoms, lottery and gambling industry and an increase in the Value Added Tax (VAT) rate.
Egypt’s debt crisis deepens as foreign debt rises by $3.5 billion in three months
Kenyan President William Ruto is confident of a positive response from the International Monetary Fund (IMF) for a $1 Billion disbursement citing an improving Kenyan economy which averted a major debt crisis earlier in the Year.
The International Monetary Fund (IMF) says the critical mineral deposits in sub-Saharan Africa (SSA) can boost the region's Gross Domestic Product by 12% in 2050.
Following a significant influx of about $57 billion in financial aid from various allies and development partners, Egypt is set to receive an additional $400 million in budget support from the United Kingdom. This is according to a report from Bloomberg.
The Federal government is looking forward to receiving around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank (AfDB).