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Friday, July 19, 2024

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IMF Agrees To Give $938 Million Loan To Debt Laden Kenya

The International Monetary Fund (IMF) declared on Thursday that it had agreed to give $938 million loan to Kenya, an East African nation struggling...

Sri Lanka Inks Deal With China’s EXIM Bank Covering $4.2 Billion Of Debt

China surprised the International Monetary Fund and other creditors by negotiating a provisional debt accord with Sri Lanka and leading separate negotiations with the...

IMF Sanctions $271 Million Credit Facility For Burundi

Just like its East African neighbour, Burundi will receive a $271 million Extended Credit Facility from The International Monetary Fund's executive board. The fiscal...

IMF Believes That Outlook For Growth Was Becoming Gloomier At A Time

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, believes that the possibility of the formation of competing economic blocs exists. Kristalina...

IMF And Seychelles Reach Service Level Agreement On Resilience Facility And EFF

Seychelles will receive approximately $46.19 million in assistance under a recently negotiated Resilience and Sustainability Facility (RSF) and $56.96 million under a new expanded...

Lebanon Devalues Its National Currency By 90%

On Wednesday, Lebanon depreciated its official exchange rate for the first time in 25 years, lowering it by 90% while maintaining a significant undervaluation...

UK, The Only G7 Economy Forecast To Shrink In 2023

The United Kingdom will witness a huge decline in its economy and perform much worse than other bigger economies in 2023, said the International...

Renminbi, A Gaining Currency!

“Follow the money,” goes the saying. The money that is changing roles of the Renminbi (‘RMB’) and the US dollar, is perhaps the best...

Sri Lanka Has India’s Support For Its IMF Debt Restructuring Plan

India tells IMF it will support Sri Lanka's debt restructuring plan. This country of 22 million people is facing its worst economic crisis since...

According To IMF, China Agrees To Formation Of Global Sovereign Debt Roundtable

International Monetary Fund chief Kristalina Georgieva has said that Chinese officials have agreed to form a global sovereign debt “roundtable” that would include a...
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