Browsing: IMF

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As national debts grow, many African countries find themselves spending more on debt than on health. IMF says the debt…

The IMF has issued Uganda $120 million as part of its Extended Credit Facility (ECF) Arrangement to aid recovery. Total…

Nigeria’s cost of living crisis has been the worst in decades, exacerbated by worsening food insecurity and record inflation.  The…

Egypt’s economy has recently been on life support as the national debt continued to mount. The investments from Saudi Arabia…

The Kenyan shilling has made a strong turnaround against the US dollar this week, Last Tuesday, Kenya successfully raised $1.5…

Kenya’s distressed debt levels are pushing the country in a tight spot following years of successive borrowing, the Institute of…

The IMF’s support fund refers to the designated Special Drawing Right (SDR), which serves as an international reserve asset to…

Africa will be the second fastest-growing regional economy in 2024. Over 10 African countries will experience substantial GDP growth. In October 2024, the International Monetary Fund emphasized Africa’s pivotal role in global economic development and resilience.

Africa could face economic headwinds this year. However, some of the continent’s brightest spots are lighting up the economic prospects. According to the International Monetary Fund, six of the top 10 performing nations globally are projected to come from Africa in 2024.

Since Covid-19 struck, developing nations have been battered by global external forces further dampening their growth prospects. Under the World…