International Monetary Fund

IMF Withholds Financial Support to Zimbabwe Pending Reform Implementation

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

February 15, 2024

Business

Zimbabwe Ranks Among Africa’s Most Advanced Countries

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

December 27, 2022

Africa·Breaking News

Uganda’s $491m coronavirus loan approved by IMF

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

May 7, 2020

Nigeria

International Monetary Fund (IMF) approves $3.4bn coronavirus aid for Nigeria

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

April 29, 2020

Zimbabwe

China says Zimbabwe is understating financial support

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

November 19, 2019

Zimbabwe

Zimbabwe has cleared all its outstanding debts – IMF spokesperson

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

February 13, 2019

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