IMF

Will the Democratic Republic of Congo succeed in securing the $ 1.5 billion International Monetary Fund funding program for which a preliminary agreement was signed in May last year? The stakes are high, as this program could pave the way for other funding. But the signing comes with conditions, and when the IMF board meeting wakes up, the details are still stuck.…

It was expected with great impatience by the Sudanese Prime Minister, the IMF began to erase Khartoum's gigantic debt. Sudan is the most indebted country in Africa. The IMF will write off 90% of its debt over the next three years, or $ 50 billion. A mushroom that comes with demands, but also an economic boost, Khartoum receives from the same IMF almost $ 2.5 billion under the expanded credit facility.…

In an open letter to Kristalina Georgiva, Executive Director of the IMF, 19 women, political and civil society figures in Cameroon ask the financial institution not to grant a new loan to the state without all the transparency and openness. so-called "Covidgate" cases. A report by the Supreme Court of Cameroon, dated March last…

In the Democratic Republic of Congo (DRC), after a three-week marathon of negotiations, governments and the International Monetary Fund (IMF) agreed on the content of a three-year program. The announcement was made on Friday 28 May. Yes The agreement validated by the IMF Board, the DRC could start receiving an initial payment,…

In the Democratic Republic of Congo, after a three-week negotiation marathon, governments and the International Monetary Fund (IMF) delegations agreed on the content of a three-year program. If this agreement is validated by the IMF's management and board, the DRC can start receiving an initial payment of about $ 1.5 billion from mid-July. Congolese Minister of Finance Nicolas Kazadi discusses the…

After a three-week negotiation marathon, delegations from the Congolese government and the International Monetary Fund (IMF) agreed on the content of a three-year program. If this agreement is validated by the IMF's management and board, the DRC can start receiving an initial payment from mid-June on the planned approximately 1.5 billion dollars.…

This Tuesday, Could 18, a summit can be held in Paris devoted to the financing of African economies and the prickly debt situation. The Covid-19 pandemic plunged the continent into an unsurpassed recession final yr. African nations should finance their restoration, however in contrast to the good powers, they wouldn't have the identical capability. The Paris Summit should study specifically the choices…

Kenyans, indignant, nonetheless very mobilized on the web. For about two months, they've been urging the IMF to cease lending cash, whereas these loans are consistently being redirected, they condemn. Regardless of their sturdy mobilization, the Worldwide Financial Fund granted a brand new $ 2.34 billion mortgage to keep away from the nation's over-indebtedness. However the Kenyans' outrage is at its…

Whereas an task from the Worldwide Financial Fund (IMF) has been dwelling in Kinshasa for greater than every week, Kristalina Ivanova Gueorguieva, CEO of this monetary establishment, met Félix Tshisekedi in Paris on Monday. This assembly, which was held alongside the worldwide summit on the financing of African economies, issues negotiations on a brand new program. Though progress has been made, there…

France will assist Sudan, closely indebted and dedicated to a democratic transition, settle its money owed with the Worldwide Financial Fund (IMF) by lending $ 1.5 billion, Financial system Minister Bruno Le Maire introduced on Monday, Could 17. France will work to "free Sudan from its debt burden as quickly as doable", says…