by afrikanfrontier | Oct 6, 2023 | Finance, News, Politics
As the IMF prepares to hold its annual meetings in Africa for the first time in 50 years, Managing Director Kristalina Georgieva is striving to convince the public that the institution is now a strong partner for the continent. She touts expanded financial assistance...
by afrikanfrontier | Oct 6, 2023 | Finance, News, Politics
The Zambian government is optimistic that an agreement can be reached with its official creditor committee to restructure $6.3 billion of external debt by the end of the International Monetary Fund (IMF) gathering in Marrakesh, Morocco this week, according to sources...
by afrikanfrontier | Jun 27, 2023 | Finance, News, Politics
Zambia has achieved a significant milestone in its almost three-year struggle since becoming the first African country to default during the Covid-19 pandemic. The nation has successfully secured debt relief from its bilateral creditors, offering a glimmer of hope to...
by afrikanfrontier | Dec 13, 2022 | Business, Finance, News
The International Monetary Fund (IMF) has reached a deal with the government of Ghana to provide a $3 billion economic support program. This comes as Ghana struggles with high public debt and a deteriorating fiscal situation. The IMF program, which will last for three...