April 16, 2021
  • April 16, 2021

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New wave of covid-19, limited access to Vaccines may derail Sub-Saharan African recovery~IMF

by on April 15, 2021 0
New waves of Covid-19 infections could derail the economic recovery in sub-Saharan Africa, which is already forecast to lag the rest of the world this year amid limited access to vaccines, the International Monetary Fund (IMF) warned. In its regional economic outlook released on Thursday, the IMF said growth projections are subject to “greater-than-usual... Read More

How Rising Interest Rates Could Affect Emerging Markets

by on April 5, 2021 0
By Philipp Engler, Roberto Piazza and Galen Sher Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery. In anticipation, longer-term US interest rates have risen rapidly, with the rate on 10-year Treasury securities going from under 1 percent at the start... Read More

IMF approves $2.34 bln facilities for Kenya to fight Covid-19

by on April 5, 2021 0
The International Monetary Fund (IMF) has approved about $2.34 billion 38-month arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Kenya. The facilities are meant to support the next phase of Kenya’s COVID-19 response and address the urgent need to reduce debt vulnerabilities, the IMF stated in a... Read More

IMF approves $312.4 mln credit facility for Madagascar

by on March 30, 2021 0
The International Monetary Fund’s (IMF) executive board has approved a $312.4 million extended credit facility arrangement for Madagascar to help it cushion the effects of the COVID-19 pandemic and climate-related shocks, the fund said. “The COVID-19 pandemic continues to take a severe human and economic toll on Madagascar, reversing recent social and economic progress,... Read More