Berlin (3/11 – 40) Sri Lankan President Ranil Wickremesinghe will visit China in the upcoming week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender. Wickremesinghe took office in July last year, after…
Tag:
IMF
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The International Monetary Fund (IMF) said its executive board approved $1.3 billion for Morocco under the resilience and sustainability facility arrangement. The arrangement will help Morocco address climate vulnerabilities, increase…
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FeaturedMoroccoNewsNorth Africa
IMF Announced $1.3 Billion Loan Agreement with Morocco Amidst Earthquake Recovery Efforts
Rabat – The International Monetary Fund (IMF) has reached a staff-level agreement with Morocco to provide a significant $1.3 billion loan, IMF Managing Director Kristalina Georgieva told Reuters in an…
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An Egyptian lawmaker has revealed that the first review by the International Monetary Fund (IMF) of Egypt’s economic reform program, initially scheduled for September, has been postponed for the second…
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GovernmentNewsNorth AfricaTunisia
Tunisia on Brink of Default as Government Drags Feet on Reforms
by Wunna Htunby Wunna HtunTunisia is now the African country facing the highest default risk as the government remains reluctant to implement reforms to be eligible for an IMF package of $2 billion. With…
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AfricaEconomyGlobal NewsMoroccoNewsNorth Africa
Morocco Will Host the Next Meeting of the IMF and the WB With the Focus on the African Economy
For more than half a century, the International Monetary Fund (IMF) and the World Bank (WB) have not held a meeting in Africa. Morocco will be in charge of breaking that…
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AfricaEconomyNewsNorth AfricaTunisia
Tunisia: Threat of Default Looms Large Unless Public Spending Curtailed
With large debt repayments due soon, Tunisia is facing the threat of sovereign default unless the government agrees to devalue the currency and embark on a large fiscal consolidation, meeting…
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EconomyFeaturedGlobal NewsNewsPoliticSri Lanka
Sri Lanka Gazettes New Anti-Corruption Bill to Comply with IMF’s 2.9 Billion Loan Deal
by Deepak Mirzaby Deepak MirzaSri Lanka has gazetted a new anti-corruption bill that is in line with the conditions listed by the International Monetary Fund (IMF) before approving the $2.9 billion loan to bail…
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EconomyFeaturedGlobal NewsNewsSri Lanka
Sri Lanka to Finalize Negotiations with Creditors Before 1st Review of IMF-assisted Program
by Prasad Bandaby Prasad BandaCOLOMBO, (Xinhua) — Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe said the country could finalize negotiations with both bilateral and commercial creditors in advance of the first…
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Budgetary transparency involves full disclosure of all relevant fiscal information in a timely and systematic manner. The citizens have a right to know what spending and tax policies the budget…
