IMF approves $456M facility for Mozambique to support recovery
The Republic of Mozambique has secured $456 million from the International Monetary Fund to support economic recovery. As part of the three-year Extended Credit Facility...
IMF
No choice but to raise sales tax: Sri Lanka finance chief Ali Sabry
Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst ever...
Kenya secures third assistance from IMF totaling Kshs. 28B
Kenya has secured Kshs. 28 billion ($244 million) credit facility from the International Monetary Fund (IMF) to continue supporting economic recovery efforts. The latest loan...
Kibaki and economic plan that resuscitated Kenya’s economic might
President Mwai Kibaki’s 10-year reign that ended in 2013 has been lauded by many for its achievements which catapulted Kenya to the league of most...
KNBS to align data collection method with international standards
Kenya National Bureau of Statistics (KNBS) has embarked on revising and reviewing their data collection and collation methods to be in line with latest international...
War in Ukraine: IMF approves $1.4bn emergency funding
The International Monetary Fund (IMF) has approved $1.4bn (£1.1bn) of emergency funding for Ukraine, as it fights against a Russian invasion. It comes as the...
IMF approves disbursement of KSh. 29.2B loan to Kenya
The Executive Board of the International Monetary Fund (IMF) has approved the immediate disbursement of Kshs 29.2 billion to Kenya under the Extended Credit Facility...
IMF warns Afghanistan’s economic slump will impact neighbours
Afghanistan’s economic woes could fuel a refugee crisis impacting neighbouring countries, Turkey and Europe, the International Monetary Fund (IMF) has said. The economy will contract...
Taliban: Afghanistan bank boss warns sector near collapse
Afghanistan’s banking system is near to collapse, the boss of one of the nation’s biggest lenders has told the BBC. Syed Moosa Kaleem Al-Falahi, the...
Bitcoin crashes on first day as El Salvador’s legal tender
Angry protests, technological glitches and a plummet in value marked the first day of El Salvador adopting Bitcoin as legal tender. The price of Bitcoin...