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Tag : IMF

Business

Nigeria’s $1.5 billion World Bank loan delayed over reforms – sources

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ABS-CBN The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three...
African News

Algeria economy rocked by one-two punch of coronavirus crisis

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Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And...
African News Business

US slaps sanctions on Zimbabwean tycoon

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The US on Wednesday imposed sanctions against a business tycoon with close links to Zimbabwean President Emmerson Mnangagwa and former leader Robert Mugabe for allegedly...
African News

IMF approves $171.9 million to Madagascar to address coronavirus pandemic

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The International Monetary Fund (IMF) approved $171.9 million of funding to Madagascar, it said on Thursday, bringing the total COVID-19 emergency support to the country...
Business

Lebanon central bank sets up committee to restructure banks

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Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters...
Business

IMF, World Bank to hold fall meetings virtually due to coronavirus

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The IMF and World Bank Group announced Thursday that their annual fall meetings will be mostly virtual due to the coronavirus pandemic. “As we continue...