COVID-19: IMF Chief predicts $345 billion financing gap in African countries
IMF boss predicts that African countries will experience a financing gap to the tune of $345 billion through 2023.
Tag: International Monetary Fund
World Bank predicts rebound of Sub-Saharan Africa’s economy next year
The World Bank said that the pandemic has put a decade of hard-won economic progress at risk.
IMF: Global economy not performing badly as anticipated
The world economy has ended up performing better than the International Monetary Fund had envisaged in Q2 and Q3.
IMF assessing additional tools to provide aid to pandemic-hit countries
The IMF had earlier noted that the Nigerian economy would witness a deeper contraction of 5.4%.
IMF appoints Ceda Ogada as new director and secretary of the fund
Before joining the IMF, Ogada worked at the United Nations Conference on Trade and Development.
AfDB appoints Rabah Arezki as new vice president and chief economist
Before Arezki joined the World Bank, he worked at the International Monetary Fund (IMF).
U.S. dollar share of global currency reserves rose to 61.9% in Q1 2020 – IMF
IMF's data showed that global reserves dipped to $11.731 trillion from $11.824 trillion in Q4 2019.
IMF expects Nigeria’s GDP to shrink by 5.4% in 2020
IMF warns that the reductions in GDP due to COVID-19 will widen inequality.
IMF expects global GDP to shrink by 4.9% in 2020
The IMF expects poorer nations dealing with the virus to have longer economic recoveries.
Ecobank Transnational CEO warns that debt cancellation will hurt African countries
African Finance ministers had asked for debt relief from multilateral Institutions amid the coronavirus crisis.
