New Development Bank a breath of fresh air
ABBEY MAKOE BRICS Bank, commonly referred to by the markets and industry alike as the New Development Bank (NDB), is
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International Monetary Fund
IMF chief warns of ‘dangerous divergence’ recovery
THE head of the International Monetary Fund has warned of a “dangerous divergence” between wealthy and developing countries as they
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U.S. welcomes Sudan clearance of $1.4 billion in IMF arrears
THE U.S. Treasury said on Tuesday it welcomed Sudan’s clearance of about $1.4 billion in arrears to the International Monetary
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Africa’s huge strides in financial inclusion
SETH ONYANGO MORE Africans are accessing mainstream financial services thanks to rapid growth in mobile money services on the continent.
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IMF says Zimbabwe economy to grow 6%, deep reforms needed
THE International Monetary Fund forecast that Zimbabwe’s economy would grow 6% this year, almost double its initial projection, but said
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Tanzania seeks IMF loan to address COVID-19 pandemic challenges
TANZANIA is in talks with the International Monetary Fund to secure a loan to tackle the challenges caused by the
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IMF says board approves $772 million disbursement to Angola
THE International Monetary Fund’s executive board has approved a disbursement to Angola of about $772 million after completing a fifth
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IMF approves $650 million in aid for Senegal’s COVID-19 recovery
THE International Monetary Fund (IMF) has approved $650 million in aid to Senegal to support the West African country’s COVID-19
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IMF agrees three-year $1.5 billion extended credit facility for Congo
THE International Monetary Fund has made a staff-level agreement for a three-year $1.5 billion extended credit facility with the Democratic
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IMF to approve $1.6-billion for Egypt
THE International Monetary Fund expects to provide an additional $1.6 billion in financing to Egypt after its executive board approves
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