Tag: International Monetary Fund

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.

SA’s economy can move rapidly to level 3 lockdown if no sharp increase in infections: Minister Ebrahim Patel

South Africa's Minister of Economic Development Ebrahim Patel said that the country could rapidly move to phase 3 of lockdown should it avoid a sharp increase in levels of infections as 1.5 million people prepare to return to work as the country enters phase 4.

How COVID-19 impacts Nigeria’s investment climate

The International Monetary Fund says Nigeria’s economy is currently threatened by the twin shock of coronavirus and falling oil prices. Joining CNBC Africa to discuss how these shocks are impacting the country’s investment climate is Vincent Nwani, Business and Investment Consultant.

South African economy to shrink 4.9% in 2020, SARB to cut rates in May – Poll

South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.

Absa on COVID-19 economic impact on SSA

The International Monetary Fund has sited that the COVID-19 pandemic will cause the worst global recession since the Great Depression.

IMF approves $1-billion emergency funds for Ghana to fight COVID-19 pandemic

The Executive Board of the International Monetary Fund has approved one billion dollars for Ghana to address the COVID-19 pandemic. The funds will be drawn under the Rapid Credit Facility. Samuel Kofi Ampah, Head of Research at Groupe Nduom joins CNBC Africa to discuss the growing implications of the COVID-19 pandemic on Ghana’s economy.
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