The International Monetary Fund (IMF) has approved Seychelles' request for emergency financial assistance, granting the island nation $31.2 million. The executive board of IMF approved the request under the Rapid Financing Instrument (RFI). Available ...
“We despair that many more will follow, particularly in places least able to cope”. He ran through the multiple ways the Organization is working to combat the virus on the ...
The downgrade in Malawi’s growth is due to the impact of Covid-19. IMF Resident Representative Farayi Gwenhamo, was, however not immediately available for a comment yesterday. In an interview Thursday, ...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva on Monday said she expected the Fund to have granted Nigeria with considerable emergency financing by the end of this ...
CAIRO (AP) — Egypt on Sunday said it had asked the International Monitory Fund for financial assistance to deal with the economic fallout caused by the coronavirus. Neither Egypt nor ...
Mali's health ministry recently corrected a worrisome media report that claimed the African nation had just one ventilator, a piece of medical equipment that's essential to healthcare systems during the ...
WASHINGTON, April 17, 2020—The World Bank Group and International Monetary Fund today convened African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries. ...
The cumulative loss to global GDP over 2020 and 2021 from the crisis could be around $9 trillion, greater than the economies of Japan and Germany combined. For the sub-Saharan ...
The disbursement will help the country, which has registered 84 coronavirus cases so far, to address the pandemic. The emergency assistance is drawn under the Rapid Credit Facility (RCF), which ...
IMF’s Managing Director, Kristalina Georgieva, said they have reassessed the prospect for growth for 2020 and 2021. “It is now clear that we have entered a recession – as bad ...
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