It is a rare day in Pakistan when a major newspaper does not carry a story on the International Monetary Fund (IMF), its pronouncements, and its demands. The Fund has acquired a pivotal role in the ...

The amortization period of the loan is one year, and the rate of interest is 6 to 7 percent. Commercial banks typically lend ...

Ghana is negotiating with 60 international banks to rework $2.7 billion in loans, Minister of Finance Cassiel Ato Forson said ...

The four-year financing package intends to support Ethiopia's Homegrown Economic Reform Agenda with the aim of addressing ...

The IMF Executive Board completed the second review of the arrangement under the Extended Credit Facility (ECF) for Ethiopia, allowing the authorities to draw the equivalent of about US$248 million ...

National Bank of Ethiopia (NBE) has maintained tight monetary and financial conditions, and modernisation of the monetary ...

The IMF is a 191-nation lending organization that works to promote economic growth and financial stability and to reduce global poverty. Global inflation, which had surged after the COVID-19 ...

Global growth is expected to increase slightly this year but remain stuck below its pre-pandemic average, the IMF said Friday, noting the growing economic divergence between the United States and ...