Tag: International Monetary Fund

How African economies can survive the COVID-19 crisis

Governments on the continents have put forward strict measures in an effort to fight coronavirus of which, the impact will be greatly felt across the economies. The World Bank and the International Monetary Fund have stressed on the need to provide debt relief to developing countries. Grant Harris, CEO, Harris Partners LLC joins CNBC Africa for more.

COVID-19: IMF considering Nigeria’s financing request

The Managing Director of the International Monetary Fund, Kristalina Georgieva says the fund is working hard to respond to Nigeria’s request so that a proposal can be considered by the IMF’s Executive Board as soon as possible. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed had disclosed that Nigeria had applied to IMF’s Rapid Credit Facility. Kyari Bukar, Former Chairman of the Nigeria Economic Summit Group joins CNBC Africa more.

Somalia to receive financial aid under World Bank’s HIPC initiative

The International Monetary Fund (IMF) and the World Bank's International Development Association have determined that Somalia has taken the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries Initiative. Prime Minister of Somalia, Hassan Ali Khaire joins CNBC Africa for more.

Kenya to seek IMF help, pay arrears, speed tax refunds over coronavirus, officials say

Kenya’s government plans to seek help from the International Monetary Fund, pay pending bills to suppliers and quickly process company tax refunds to support the economy in the face of the coronavirus crisis, officials said.

Uganda to seek $190 mln from World Bank to cushion coronavirus blow

Uganda will request the World Bank for a loan of $190 million to help cushion its economy from the impact of the coronavirus pandemic, its finance minister said.

Fatou Lo on how to bridge the gender pay gap

According to a report by the International Monetary Fund it will take the more than 95 years to bridge the financial economic gap between men and women at the current pace, but could we get there faster? CNBC Africa's Arnold Kwizera talked to UN Women representative in Rwanda, Fatou Lo for more.

Nigerians react to the 2019 economic growth figures

Latest data from the National Bureau of Statistics shows that Nigeria's economy grew by 2.27 per cent in 2019, beating the IMF's projections with the 4th quarter of the year recording the highest quarterly growth since 2016 recession. So how has this growth trickled down to the man on the street?

Why this analyst is not changing his outlook for emerging markets despite COVID-19

According to the International Monetary Fund, emerging market economies saw subdued levels of growth in 2019 despite policies and strategies for growth stimulation, this was the case in India, Mexico and South Africa. Danesh Ranchhod, Executive Director at Franklin Templeton Emerging Market Equitys joins CNBC Africa for more.