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IMF Grants Kenya New $941m Loan To Ease Financial Pressure

The International Monetary Fund has granted Kenya a new loan of more than $941 million to help ease financial pressure of the East African...

IMF Approves Disbursement Of $60.7 Million To Mozambique

The International Monetary Fund (IMF) has approved the disbursement of a $60.7 million loan request for Mozambique. The IMF's executive board said it has completed...

IMF Approves $187 Million Loan Payout To Zambia

The International Monetary Fund's board on Wednesday approved an immediate $187 million loan payout to Zambia. It said that the country was revising a restructuring...

Somalia To Benefit From $4.5bn Debt Relief From IMF

Somalia is to benefit from a $4.5 billion debt reduction plan with international creditors to service its debt, the International Monetary Fund (IMF) announced...

IMF Board Approves $1.32 bln Resilience Loan For Morocco

The International Monetary Fund's (IMF) executive board on Thursday approved a $1.32 billion, 18-month loan from its new Resilience and Sustainability Facility to help...

IMF board approves $271 mln loan facility for Burundi

The International Monetary Fund's executive board has approved a $271 million Extended Credit Facility for Burundi, with an immediate disbursement of over $62 million,...

Effective implementation and reforms to boost growth – IMF report

A successful African free trade area implementation could unlock major benefits for Africa in terms of income, jobs among other things, a report by...

IMF Predicts Slower Growth for Zimbabwe with 2.5% Growth Rate

The International Monetary Fund (IMF) has released a new forecast that predicts Zimbabwe's economy will grow by only 2.5% this year, which is slower...

IMF supports South Sudan’s dollar ban

The International Monetary Fund (IMF) has supported a move by the South Sudanese government to restrict using the US dollar in local transactions and...

IMF lends Kenya $447 Million to address Debt, Reforms

In bid to boost the Kenya reserves and help with its finances, the International Monetary Fund agreed to lend Kenya about $447 million. The money...
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