Tag: International Monetary Fund

What’s in Nigeria’s 2021 spending plan?

Nigeria’s 2021 spending plan published by the budget office suggests a higher deficit as its expected government revenue is pegged at 7.49 trillion naira as against an estimated 12.65 trillion naira expenses.

Economists react to SA’s R70bn IMF loan

Economists continue to react to South Africa's R70 billion loan from the International Monetary Fund. Joining CNBC Africa to unpack the challenges and opportunities arising from the agreement is Isaah Mhlanga, Chief Economist at Alexander Forbes & Gina Schoeman, Chief Economist at Citi Bank.

IMF board to consider South Africa financing aid on Monday-spokesman

WASHINGTON (Reuters) - The International Monetary Fund confirmed on Thursday that South Africa has requested emergency financing assistance and its executive board will consider the request on Monday, which would...

Liberia’s Jewel Howard-Taylor outlines plans to mitigate the impact of COVID-19

The International Monetary Fund says the COVID-19 pandemic opens a balance of payment need of $150 million in Liberia which is about 5.1 per cent of the West African country's GDP. The number of COVID-19 cases in Liberia has reached over a thousand according to data from the Africa CDC but almost half of the confirmed cases have recovered. Liberia’s Vice President, Jewel Howard-Taylor joins CNBC Africa to discuss the country’s COVID-19 response strategy and what to expect from the economy for the rest of the year.

South Africans should accept that the IMF is neither their worst enemy nor their saviour

The South African government has asked the International Monetary Fund (IMF) for $4.2 billion. The money would come from a facility that provides financing to countries facing...

IMF approves $7.6 mln debt relief to Burundi to cushion Covid-19 effects

NAIROBI (Reuters) - The International Monetary Fund said on Monday it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic.It said...

COVID-19: Investing for Roubini’s Greater Depression

“The lessons learned from the GFC encouraged policymakers worldwide to work furiously to get economies back into shape through a series of fierce and co-ordinated policy responses to the impacts of Covid-19. In turn, this has encouraged a consensus view amongst economists that the recovery from the crisis will be V-shaped,” writes Cannon Asset Managers CE Adrian Saville.

Op-Ed: Why Africa cannot afford an extended hard lockdown in the COVID-19 crisis

To find a balance between containing the virus and maintaining a semblance of economic activity will require a different approach.