IMF

The IMF provides additional temporary assistance to Somalia The International Monetary Fund (IMF) said it had provided additional temporary assistance to Somalia under the intensified heavily indebted poor country (HIPC) initiative of $ 0.97 million over a period of time. The IMF said in a statement issued Thursday night that the interim assistance will cover Somalia's debt…

This was one of the highlights of Africa in 2020, the debt issue. From the beginning of the Covid-19 pandemic, rich countries looked at how to ease the burden on public finances. Measures have been taken, but much remains to be done to allow African countries to regain budgetary space and thus finance the recovery. LeCovid-19…

NAIROBI, Kenya - The Spanish authorities has joined totally different worldwide places throughout the ongoing program to contribute to Somalia's debt discount, which has been occurring for some time, as part of the worldwide neighborhood's dedication to serving to the nation throughout the Horn of Africa to stabilize. Consistent with a spherical from Madrid on 15 December, the Spanish Council of Ministers accepted a grant from EUR 4 074 536.54 to the Worldwide Monetary Fund's specific account for Somalia . Somalia…

The Worldwide Financial Fund has simply accomplished a two-week mission in Algeria. For 2020, the IMF forecasts for Algeria a recession of 5.2% and a funds deficit among the many highest within the area. The intention was due to this fact to "focus on views and priorities for Algeria". The Worldwide Financial Fund carries out…

Jimco- Turkiga ayaa siiyay ku dhowaad 3.4 milyan oo deyn ah oo Soomaaliya ay ku leedahay Sanduuqa Caalamiga ah ee Lacagta Adduunka (IMF), iyada oo qayb ka ah dadaallada la bilaabay horaantii sanadkan si looga cafiyo deymaha culus ee dalalka dakhligoodu hooseeyo. Sida ku xusan Heshiiska Caalamiga ah ee la soo saaray 5-tii Nofeembar, Turkiga wuxuu ugu deeqay Soomaaliya ilaa 3.4 milyan oo doollar oo loogu talagalay barnaamijka IMF ee Wadamada Saboolka ah (HIPC). Turkiga iyo Soomaaliya ayaa leh xiriir dhow iyo iskaashi tan…

Drought and pandemic, these are the two evils that hit the Moroccan economy in 2020, according to the International Global Fund (IMF). The institution, which has just completed a mission in Morocco, estimates that the economy will have to contract by 6 to 7% this year before returning again by 4.5% next year. A rebound that does not depend on the will of the authorities alone, emphasizes the IMF.…

The various Memoranda of Understanding and Mining Contracts required by the International Monetary Fund have been published. They concern both companies, Sokimo and Miba. These contracts were signed under the chairmanship of Felix Tshisekedi, their publication was a precondition for the opening of negotiations with a view to signing a three-year plan with the IMF. What do these contracts say?…

The specter of excessive debt reappears for sub-Saharan Africa after the coronavirus pandemic. The International Monetary Fund has just sounded the alarm, urging donor countries to be "bold" about the debt wall that awaits Africa. Sub-Saharan Africa needs the next 3 years to revive their economies is huge. According to the IMF, it would require $ 890 billion in external funding for the countries of the region. This amount represents more than half of their total GDP. It will therefore return to massive borrowing to…

The finance ministers of the G20 countries have decided to extend the moratorium on debt service in the poorest countries by six months (until June), which has already given 46 countries out of 73 the right to suspend a global repayment amount estimated at five billion dollars. The moratorium was expected, although the IMF and the World Bank, as well as a number of NGOs fighting poverty, this gesture is still insufficient given the needs of poor countries. An extension of the moratorium was expected. But many were hoping…

If the global economy recovers, the rise to pre-crisis activity levels is likely to be long, erratic and uncertain, the International Monetary Fund said in its economic forecast released at its autumn meetings. . Return to activity will be particularly difficult for certain new and developing countries, where infections are growing rapidly. But also for the African countries that relied on their oil exports or tourism to come back. Sub-Saharan Africa could experience its first recession in 25 years. After 3.2% growth…