Tag Archives: IMF
By: John Muchira Fears that construction of a mega hydroelectric plant in Ethiopia could stall owing to financial constraints have forced the authorities to turn to desperate measures to raise funds. To ensure implementation of the Grand Renaissance dam project … read more »
Posted in Article, Djibouti, East Africa, Eritrea, Ethiopia
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Tagged Blue Nile, Ethiopia, ethiopia addis ababa, ethiopia latest news, Ethiopian, Ethiopian government, ethiopian news, Ethiopians, Grand Ethiopian Renaissance Dam, IMF, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, latest ethiopian news, news ethiopia
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Amr Adly The Egyptian government has finally concluded an initial loan agreement with the International Monetary Fund (IMF) following two years of continual negotiations. The agreement is to be finalised by the IMF board and then signed and ratified by … read more »
Comrades from Cairo Dear friends, In the coming period we will again be facing a familiar enemy that many of you have and continue to battle. International financial institutions like the IMF have long had a hand in plundering the … read more »
Posted in Article, Egypt, IMF
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Tagged Egypt, Egyptian, European Bank for Reconstruction and Development, European Investment Bank, Hosni Mubarak, IMF, IndepthAfrica, International Financial Institutions, International Monetary Fund
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Karim Malak , opendemocracy The proposed $4.8bn IMF loan to Egypt sparked a heated controversy. While the Government claims the funds are absolutely necessary to rebuild the country’s economy, opponents warn against potentially disastrous, far-reaching consequences. Their arguments are summarised here. … read more »
Posted in Article, Egypt, News, North Africa
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Tagged Cairo, Egypt, Egyptian, IMF, IndepthAfrica, International Monetary Fund, Joseph Stiglitz, Politics of Egypt, World Bank
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he International Monetary Fund (IMF) today released the May 2012 Regional Economic Outlook: Sub-Saharan Africa . Ms. Antoinette Monsio Sayeh, Director of the IMF’s African Department, commented on the report’s main findings: “Despite difficult external conditions, output in sub-Saharan Africa … read more »
Sharif Abdel Kouddous The Egyptian economy will need of some kind of financial aid within the next few months to avoid a severe downturn. Egypt is teetering on the edge of an economic crisis. Cast adrift in a deepening political … read more »
Posted in Article, Egypt, News, North Africa
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Tagged Africa news, African news, Cairo, Egypt, Egyptian Initiative for Personal Rights, IMF, IndepthAfrica, International Monetary Fund, Ministry of International Cooperation, United States, Youssef Boutros-Ghali
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An International Monetary Fund (IMF) mission, led by Mr. Peter Allum, visited Dar es Salaam during March 1–14, 2012 to conduct discussions for the fourth review under the Policy Support Instrument (PSI).1 The mission met with Finance Minister Mkulo, Bank … read more »
Posted in Documents, IMF, Miscellaneous, Press Releases
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Tagged africa african news, Board of Directors, Executive Board, GDP, GROSS DOMESTIC PRODUCT, IMF, indepthafrica africa news, International Monetary Fund, PSI, Tanzania
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ABUJA, Nigeria, February 28, 2012/African Press Organization (APO)/ — On February 22, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the 2011 Article IV consultation with Nigeria.1 Background Economic growth remains strong in Nigeria, with non-oil real … read more »
Posted in Press Releases
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Tagged Africa news, African news, Economic growth, Executive director, GDP, GROSS DOMESTIC PRODUCT, IMF, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Nigeria, SWF
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Angola does not plan to request a new loan from the International Monetary Fund after the end of its $1.4 billion standby agreement later this year, the country’s economy minister said on Monday. “We don’t intend to resort to a … read more »
Posted in Business, Economy
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Tagged Angola, Credit rating agency, IMF, Indepth Africa, Indepth Africa Magazine, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Lisbon, Luanda, Nigeria
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CAIRO, Egypt, January 19, 2012/African Press Organization (APO)/ — Following a request by the Egyptian authorities for IMF support for their economic program, the Director of the Middle East and Central Asia Department, Mr. Masood Ahmed, visited Cairo for January … read more »
Posted in Press Releases
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Tagged Cairo, Egypt, Freedom and Justice Party, Hosni Mubarak, IMF, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Masood Ahmed, Middle East
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Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday, as the country’s interim cabinet seeks to fill a budget gap pushed wider by almost a year of political and economic turmoil. … read more »
Posted in Egypt, News, North Africa
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Tagged Cairo, Egypt, Egyptian pound, Hosni Mubarak, IMF, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Masood Ahmed, Muslim Brotherhood
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The International Monetary Fund on Tuesday approved a new $46.3 million loan program for Mali and approved an immediate disbursement of $9.3 million. “The loan arrangement was made under the Extended Credit Facility (ECF) in support of the country’s strategy … read more »
Posted in Business, Economy
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Tagged Côte d'Ivoire, IMF, Indepth Africa, Indepth Africa Magazine, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Ivory Coast, Libya, Mali
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BAMAKO, Mali, December 13, 2011/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) today completed the seventh and final review of Mali’s economic performance under the economic program supported by the Extended Credit Facility (ECF) … read more »
MAPUTO, Mozambique, December 8, 2011/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) has completed the third review under the three-year Policy Support Instrument (PSI) for the Republic of Mozambique.1 The Board’s decision was taken … read more »
MONROVIA, Liberia, December 6, 2011/African Press Organization (APO)/ — The Executive Board of the International Monetary Fund (IMF) has completed the seventh and final review of Liberia’s economic program under the Extended Credit Facility (ECF). The completion of the review … read more »
October 19, 2011 by benim
The International Monetary Fund forecast on Wednesday a rosy outlook for Sub Saharan Africa growth in 2012 but warned of significant risks from global financial volatility that could subdue demand and private inflows into the world’s poorest continent. Economies in … read more »
Posted in East Africa, Kenya, News
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Tagged Antoinette Sayeh, Developed country, Economic growth, IMF, Indepth Africa Magazine, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, International Monetary Fund, Nigeria, Nigeria news, Nigeria online, North Africa, Pan African News, Southern Africa, sub-Saharan Africa, Volatility, West Africa
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