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    London, April 6, 2020 (AltAfrica)-The current  coronavirus pandemic is far graver than the global financial crisis a decade ago, but the IMF has a $1 trillion war chest ready to fight it, said the head of the International Monetary Fund “This is way worse than the global financial crisis and it is a crisis that ...
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    London, Oct 19, 2019 (AltAfrica)-The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in ...
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    London, Oct. 10, 2019 (AltAfrica)-The International Monetary Fund (IMF) on Wednesday said the recent decision by the Nigerian government to raise the Value Added Tax by 50 per cent holds positive prospects for the country’s economy. The IMF in an end-of-mission statement on Wednesday, said although the country’s economic outlook under the current administration’s policies remains challenging, ...
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      London, Dec. 4, 2018 (AltAfrica)-The International Monetary Fund (IMF) has approved a US$172.1m extended credit facility for Sierra Leone This credit facility aims to support Sierra Leone economic and financial reforms with an immediate disbursement of US$21.5m The remaining amount will be phased over the duration of the programme, subject to semi-annual reviews, IMF ...
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    By Adesina Idris London, October 9, 2018 (AltAfrica)-The International Monetary Fund (IMF) has welcomed declining inflation figures in Sub-Saharan Africa with the exception of Nigeria and Angola where tighter monetary policy and moderation in food prices result in relatively higher figures The Counsellor and Director of the Research Department, IMF, Maurice Obstfeld, stated this on ...
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    The International Monetary Fund has made a comeback in Africa. Experts say the organisation that provides financial assistance to its members has learned from its mistakes, but it still cannot solve actual problems.   London, September 15, 2018 (AltAfrica)-The rising debt that is threatening to bankrupt many countries on the African continent has sparked the renewed ...
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    Thirteen years after the debt relief movement saw billions in unsustainable public borrowing written off by Western creditors, there are worrying signs that African economies could be lurching towards another crisis. Average public debt is expected to rise to 53% of GDP this year, up from 34% in 2013. The average cost of debt servicing ...
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    The Gambia’s economic growth is expected to gradually accelerate to about 5% by 2020. This is assuming continued good policy implementation and a significant expansion in the electricity supply, irrigation and commercial farming, investment in the tourism and trade sectors, and ongoing infrastructure investment. This is a far cry from the situation that prevailed a ...
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    Earlier this year the Ethiopian government announced it would release political prisoners and shut an infamous Addis Ababa prison in an effort to “foster national reconciliation”. This came as a surprise from a regime that had previously denied the very existence of political prisoners and whose heavy-handed approach to opposition had become an Ethiopian reality. ...