IMF
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Cooperatives & Communities
ICA-Africa to hold midterm review of 13th Africa Ministerial Conference in Lesotho
KAMPALA, January 24, 2024 – The International Cooperative Alliance- Africa [ICA-Africa] in collaboration with the Ministry of Trade, Industry, and Business Development of Lesotho is organising the Midterm Review of the 13th…
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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Finance & Banking
IMF extends over Shs 400bln loan to Uganda
KAMPALA – The Executive Board of the International Monetary Fund [ IMF ] has concluded the fourth review of Uganda’s Extended Credit Facility [ECF], enabling the country to get an additional loan…
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News
Gov’t withdraws €500mln request amid sovereignty concerns
KAMPALA – Government has withdrawn a financing request of €500 million from Amarog Capital Limited and Sovereign Infrastructure Group over concerns regarding tax waivers on interest and fees, as well as the…
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International
SSA growth to decelerate to 3.6 percent
WASHINGTON- Amid a global slowdown, growth in Sub-Saharan Africa [ SSA ] is expected to decelerate to 3.6 percent before rebounding to 4.2 percent in 2024 in line with a global recovery, subsiding…
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Finance & Banking
ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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East Africa
Rwanda: IMF approves US$ 319mln loan to build resilience to climate change
KIGALI-The Executive Board of the International Monetary Fund (IMF) has approved US$ 319 million loan asked by Rwanda under the Resilience and Sustainability Facility [RSF]. According to IMF, Rwanda is the first…
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Africa
Malawi: IMF approves US$ 88.3mln in emergency financing support
BLANTYRE-The Executive Board of the International Monetary Fund [IMF] has approved a disbursement of US$88.327 million [SDR 69.40 million] under the Food Shock Window of the Rapid Credit Facility to help Malawi…
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International
IMF grants Senegal credit extension until January 2023
DAKAR-The International Monetary Fund [IMF] days ago approved the Senegalese authorities’ request for an extension until January 10, 2023, of the country’s Stand-By Arrangement [SBA] and Arrangement Under the Standby Credit Facility…
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International
Leaders gather for first-ever global summit to focus on accelerating climate adaptation in Africa
ROTTERDAM-The Global Center on Adaptation is hosting the Africa Adaptation Summit in collaboration with the African Union [AU], the African Development Bank [AfDB], the International Monetary Fund [IMF], the Africa Adaptation Initiative,…
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