International Monetary Fund News

Jordanians stage new anti-austerity protests

AMMAN (Reuters) - Jordanian authorities deployed hundreds of riot police in the capital and warned activists to stay within the law on Thursday as hundreds of demonstrators staged more protests against tough austerity measures backed by the International Monetary Fund.

Reuters , Africa Dec 13, 2018

Moody's predicts deficit will hit 6.5pc of the GDP

“Moody's expects only a gradual narrowing of the fiscal deficit to around 6.5 per cent of GDP in fiscal 2019, which is higher than the government's target of 5.7 per cent in the original budget,” said Moody’s report dated December 11.However, exceeding the target would be against the expectation of the International Monetary Fund (IMF) which set 5.7 per cent as the targeted deficit for the year ending next June.

Daily Nation , Kenya Dec 13, 2018

Moody's predicts deficit will hit 6.5pc of the GDP

“Moody's expects only a gradual narrowing of the fiscal deficit to around 6.5 per cent of GDP in fiscal 2019, which is higher than the government's target of 5.7 per cent in the original budget,” said Moody’s report dated December 11.However, exceeding the target would be against the expectation of the International Monetary Fund (IMF) which set 5.7 per cent as the targeted deficit for the year ending next June.

Business Daily Africa , Kenya Dec 13, 2018

COMMENT: Capitalising on Africa’s demographic

The International Monetary Fund’s October forecast warns that as historic economic drivers stall, global growth this year and next could fall to 3.7%, a decline of 0.2 percentage points from previous estimates.

The Independent , Uganda Dec 13, 2018

Why the war on graft is dead on arrival

The International Monetary Fund (IMF) projects a burst in growth at 7.1 per cent pegged to an expected $20 billion in investment in the oil sector in the next three years.

Daily Monitor , Uganda Dec 13, 2018

Silicon Savannah? Konza City lags behind schedule 10 years later

DROP IN THE OCEAN But Kenya’s growing reliance on loans is causing jitters, with the International Monetary Fund warning of an increased risk of default this year.

The Star , Kenya Dec 12, 2018

Bagyenda tongue-tied on Global bank sale

The information available shows that Bagyenda has worked as a short-term consultant to the International Monetary Fund (IMF) for East AFRITAC (East African Regional Technical Assistance Center) missions.

The Observer , Uganda Dec 12, 2018

Include informal sector in GDP, Egypt tells World Bank, IMF

Egypt’s Central Bank wants the World Bank and International Monetary Fund to include the country’s informal sector in their gross domestic product figures.

Punch , Nigeria Dec 12, 2018

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

The International Monetary Fund rejected Zambia’s borrowing plans earlier this year and said the country was at high risk of debt distress, unnerving investors holding Zambian debt.

EWN , South Africa Dec 11, 2018

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

The International Monetary Fund rejected Zambia’s borrowing plans earlier this year and said the country was at high risk of debt distress, unnerving investors holding Zambian debt.

Reuters , Africa Dec 11, 2018