IMF

In the evolving narrative of national economic transformation, Ghana has embarked on a pivotal two-week review. This review, set to unfold from April 2 to April 15, strives to assess the nation’s strides in implementing crucial structural reforms while reviewing its fiscal performance for the looming horizon of 2024. In the intricate dance of global economics, the stakes are high, and the questions reverberate – how will Ghana manage its course, and who will be the stakeholders charting the way? Focus on…

In the current tapestry of global economics, Africa finds itself at a fascinating junction. As the continent embarks upon a journey marked by both challenges and opportunities, it faces the daunting forces of global inflation, pervasive unemployment, and sluggish growth that seemingly hinders its stride. These challenges echo a stark narrative where maintaining a low debt profile with the International Monetary Fund (IMF) becomes an imperative not only for economic stability but also for national dignity. One may…

Elumelu Joins Prestigious IMF Advisory Council The International Monetary Fund (IMF) has recently welcomed Tony Elumelu, a prominent figure in the African business landscape, to its Advisory Council on Entrepreneurship and Growth. By joining this council, Elumelu is not only expanding his influence but is also seated amongst a group of global luminaries. Alongside him are distinguished professionals like Professor Ufuk Akcigit from the University of Chicago, HRH Ambassador Reema Bandar Al-Saud…

In the heart of Nairobi, an energetic hub of culture and commerce, Kenya's Finance Minister, John Mbadi, conveyed a message filled with resolve and foresight during an insightful interview with Reuters. "We are embarking on a new journey with the International Monetary Fund (IMF)," Mbadi remarked, hints of determination evident in his gestures, as he spoke on February 5, 2025. The nation's financial pathway is evolving, influenced by plans that ambitiously target a reduction of the national debt to below 55% of GDP over…

In an era where economic fluctuations are as unpredictable as the weather, Zambia has showcased an intriguing tale of resilience and growth. Last year, the nation demonstrated a remarkable economic performance that shattered prior expectations, leaving both skeptics and optimists equally mesmerized. What drove this unexpected trajectory, and how might it shape Zambia’s future? According to preliminary data revealed by Sheila Mudenda, the acting statistician-general, Zambia's Gross Domestic…

Understanding the IMF's Financial Grip on Africa The economic landscape of Africa took a transformative turn during the 1980s and 1990s. These were tumultuous times marked by plunging commodity prices, soaring energy costs, and regrettably poor fiscal management. You might recall those decades—a time when many African nations found themselves tethered to the International Monetary Fund (IMF) for financial resuscitation. The IMF, stepping in with what can be likened to an olive branch, introduced Structural…

In the bustling heart of Nairobi, amidst the blend of modern skyscrapers and vibrant street markets, Kenya's Finance Minister, John Mbadi, shared insights on the economic pathway the country is carving. During a recent interview with Reuters on February 5, 2025, Mbadi candidly discussed the emerging dialogue with the International Monetary Fund (IMF) about a new financial program, sparking conversations about Kenya's fiscal future.Edited by Ali Musa, Axadle Times international–Monitoring. The Complex Tango with the…

The discourse around the elimination of fuel subsidies is fraught with complexities. On the one hand, there is a prevalent belief that removing these subsidies could lead to positive outcomes in the long term. But, is that always the case? In discussing this issue, we must consider not only the economic theories but also the real-world impacts that countries face when embarking on this challenging path. Nigeria serves as a compelling case study. When the country made the decision to eliminate fuel subsidies, the…

November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights In a noteworthy move, the International Monetary Fund (IMF) and Kenya are gearing up to discuss a fresh lending initiative that could be pivotal for the East African nation, especially after both parties decided to forego the anticipated ninth review of the existing $3.6 billion agreement. But why is this dialogue significant, and what does it spell for Kenya's financial future? Let's delve into these pressing questions. For Kenya, sustaining…

Financial Independence in Africa: The Unique Journey of Three Nations Edited By Ali Musa Axadle Times International – Monitoring In a world where financial entanglements are often seen as inevitable, three African nations — Botswana, Libya, and Eritrea — have charted a distinct and arguably enviable path. According to data primarily sourced from the IMF's Financial Data and the ONE Campaign, these countries have never succumbed to…