International Monetary Fund

In a recent development, the International Monetary Fund (IMF) concluded a significant two-week visit to Zimbabwe, led by Wojceiche Maliszewski. The mission aimed to engage in discussions regarding Zimbabwe’s request for a Staff Monitored Program (SMP) and to kick off the 2024 Article IV Consultation. However, the conclusion of the visit brought to light that […]

According to a recent survey by Yahoo Finance, global economic analysts have ranked Zimbabwe as the 11th most advanced country in Africa. This ranking is based on the country’s gross income from the informal sector, which has sustained the country’s economy despite high rates of unemployment. The informal sector in Zimbabwe is made up of […]

The International Monetary Fund (IMF) has approved a loan of $491m (£399) to Uganda, to help the country’s economy cope with the cost of containing the coronavirus pandemic. The international lending institution said weakening economic conditions from the impact of Covid-19 had put “significant pressures on revenue collection and expenditure” by the government. The Washington-based […]

The International Monetary Fund (IMF) has approved emergency funds to support Nigeria’s efforts to limit the effect of coronavirus pandemic and the sharp fall of oil prices. The $3.4bn (£2.7bn) approved by the IMF board is the largest financing provided so far to countries hit by the pandemic, the organisation said in a statement. It […]

HARARE (Reuters) – China accused Zimbabwe on Tuesday of understating its financial help to the southern African nation, after budget figures released last week showed that major ally Beijing ranked poorly on the list of Harare’s foreign donors. Zimbabwe faces its worst economic crisis in a decade, which has been exacerbated by a severe drought. […]

The International Monetary Fund, IMF has revealed that finally Zimbabwe has already cleared all its outstanding debts. Director of Communication with the International Monetary Fund Gerry Rice revealed this in a question posed to him about the recent reports of Zimbabwe’s indebtedness to the Fund. Watch Video Below Despite the clearance of the arrears Zimbabwe […]