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Image: Maksym Yemelyanov/Zoonar/picture alliance
Image: Maksym Yemelyanov/Zoonar/picture alliance
International Monetary Fund (IMF)
The International Monetary Fund groups 190 countries; its aim is to secure financial stability.
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AfricaLink News December 17, 2024
Ademola Lookman and Babra Banda are CAF players of the year +++ Zambia to receive $184 million from IMF
Ghana: Ruling party candidate Bawumia concedes election loss
Vice President Mahamudu Bawumia of Ghana's New Patriotic Party has congratulated his rival on winning the presidency.
Is Africa better off without the IMF?
For decades, African countries have looked to the International Monetary Fund for economic aid. Are there alternatives?
IMF chief: 'Africa deserves to be represented more fairly'
International Monetary Fund (IMF) head Georgieva says Africa needs greater representation in the global lending body.
Sri Lanka's economy looms large ahead of presidential vote
Sri Lanka's economic crisis ahead of presidential vote
Pakistan reaches $7 billion aid deal with IMF
Pakistan has agreed a further IMF aid package as it struggles with high foreign debt and a shortage of tax revenue.
Is the IMF to blame for Africa's debt crisis?
African nations want to reduce borrowing from abroad to reduce their debts. But is Africa beyond aid just a pipe dream?
EU signs €1bn financing deal for Egypt at investment forum
The funding plan will help Cairo to make economic reforms, along with investments by European companies.
Pakistan: Parliament passes tax-heavy budget to appease IMF
Pakistan's parliament has approved a government budget entailing big tax hikes, a condition of further IMF loans.
Kenya: What's behind the deadly protests?
Kenyans are unhappy about rising living costs and have accused the president of making false promises. DW delves deeper.
IMF cuts growth outlook for Germany
The International Monetary Fund has revised down its growth outlook for the eurozone's biggest economy.
Pakistan seeks long-term IMF bailout to fix broken economy
Prime Minister Shehbaz Sharif's coalition government has its work cut out if it wants to tackle economic turmoil.
IMF initially agrees to disburse $1.1 billion to Pakistan
The sum is the final tranche of a $3 billion rescue-package Islamabad had secured last summer.
IMF approves $4.7 billion for Argentina, praises bold action
IMF chief Kristalina Georgieva praised the "bold actions" of Argentine President Javier Milei's government.
AI set to impact 60% of jobs in developed economies: IMF
This can present both challenges and opportunities, the IMF said.
DW Business
The IMF defends its calls for member countries to increase their contributions with changing their voting power
Is the US denying China a bigger voice at the IMF?
China says its voting share at the IMF isn't commensurate with its economic might. The US isn't ready to oblige Beijing.
Can Sri Lanka pull itself out of economic crisis?
Observers say the country still has a long way to go before people see improvements to their lives.
China or US: Who's delaying debt relief to developing world
China has been widely blamed for the delayed global response. Beijing disagrees and puts the onus on the US.
DW Business
Oil prices spike after Hamas attack on Israel - IMF and World Bank cut China growth forecast
Germany headed for deeper recession, IMF says
Economic forecasters say Germany will suffer a worse slide in economic output than previously expected.
World Bank freezes Uganda funding over anti-LGBTQ+ laws
At the beginning of August, the World Bank announced it would freeze new loans towards Uganda in light of its new anti-LGBTQ laws. Many initially viewed the move as a sign that the bank was taking a more progressive approach towards human rights issues. But is it a misguided approach?
Climate change exacerbating conflict and poverty — IMF
Climate shocks are already disproportionately affecting war-torn countries, a new report from the IMF shows.
Can the BRICS Bank replace the IMF as a lender?
Could the NDB, backed by BRICS members, replace financial institutions, such as the IMF, in lending funds?
DW Business
Russia is hosting 17 African leaders at a Russia-Africa summit in St. Petersburg
DW Business
The world economy is losing steam due in part to the continued fight against inflation according to the IMF
IMF lifts growth forecast, but economic challenges persist
The IMF projects overall growth in 2023 will remain low in advanced economies. Germany's growth expected to contract.
Imran Khan: 'Sooner or later they will put me in jail'
Pakistan's former prime minister has said a "total crackdown" against his party is underway.
Pakistan: IMF approves $3 billion bailout
The funds will help the country avoid default as it grapples with inflation and the aftermath of devastating floods.
Sri Lanka struggles to recover from grave economic crisis
Former President Gotabaya Rajapaksa's departure, triggered by a severe economic crisis, has not reduced people's woes.
Will IMF deal end Pakistan's economic misery?
The deal should be viewed as a stopgap measure to pull the economy back from the verge of default, say experts.
IMF agreement a 'breather' for Pakistan's economy
Pakistani economist Rehan Ateeq told DW it won't provide relief to common citizens in the short term.
Pakistan and IMF reach $3 billion stand-by agreement
The deal would help Pakistan move from the brink of default. But the IMF's board has yet to confirm the decision.
Sri Lanka asks foreign lenders for 30% debt 'haircut'
The government of Sri Lanka has mandated a five-day bank holiday to prevent people rushing to banks to withdraw money.
Paris summit aims to help emerging economies
The two-day event was attended by more than 40 heads of state and the heads of the World Bank and IMF.
Debt relief: How can the world help developing nations?
World Bank, IMF and heads of state meet in Paris to discuss debt relief and environment support for developing nations.
EU leaders discuss migration curbs, aid in Tunisia
Top EU figures met with the Tunisian president to discuss a rise in attempted migration to Europe.
Ghana aims to host African Games despite economic crisis
Even in the wake of a multi-billion IMF loan, some supporters of the Ghanian undertaking have grown sceptical.
Recession in Germany: What does that mean?
Germany has entered a technical recession. What constitutes an economic downturn and what does that entail?
Africa: IMF approves $3.5 billion loan for Ivory Coast
The West African nation has been under financial strain stemming from the impact of COVID-19 and the war in Ukraine.
AfricaLink on Air - 18 May 2023
Tension in Anglophone Cameroon ahead of National Day celebrations+++Zimbabwe cracks down on critics ahead of elections
Ghana: Can John Mahama return to the presidency?
Mahama, who served as president between 2013 and 2017 is running for Ghans's top job in 2024.
Africa: IMF sounds alarm on declining aid, rising debt
The International Monetary Fund warned that a "big funding squeeze" was slowing growth in sub-Saharan Africa.
IMF predicts modest global growth, slowly receding inflation
The International Monetary Fund predicted that most countries would avoid a recession this year despite the volatility.
IMF approves next tranche of emergency loans to Argentina
The $5.4 billion brings the total lent to the Latin American country under the Extended Fund Facility to $28.9 billion.
AfricaLink on Air - 29 March 2023
Zambia and Ghana are caught between IMF and China in debt restructuring +++ DRC: Cholera outbreak in refugee camp
Ghana's inflation soars as IMF deal drags on
Ghana is facing one of its worst economic crises in decades and is yet to recover. Soaring inflation is a major concern.
Sri Lankans struggle to afford food as IMF approves bailout
For millions struggling with poverty in Sri Lanka, even the funds provided by the IMF might not bring immediate relief.
Sri Lanka to get IMF bailout amidst economic crisis
Sri Lanka's financial woes have caused severe food and fuel shortages, runaway inflation, and prolonged blackouts.
Pakistan: Drug firms face shutdown amid economic crisis
Pakistan's pharmaceutical industry has warned that dozens of companies will be forced to close over production costs.
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