Naija Gist - Latest

Coronavirus: African ministers meet with IMF, ECA on immediate economic response to COVID-19

The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, on Friday 5 February 2021 met with African Ministers in charge of finance and the Managing Director of the ...
Naija Gist - Latest

Coronavirus - Kenya: IMF Executive Board Approves a US$739 million Disbursement to Kenya to Address the Impact of the COVID-19 Pandemic

The IMF approved the disbursement of US$739 million to be drawn under the Rapid Credit Facility to support the authorities’ response to the COVID-19 pandemic; The COVID-19 pandemic is taking a serious ...
abc7NY

Economist predicts world could face biggest economic recession since the Great Depression

As economic uncertainty from the COVID-19 pandemic mounts, one organization is predicting the damage could be the worst the world has seen since the Great Depression. The International Monetary Fund ...
standardmedia.co.ke

IMF raises Kenya’s risk of debt distress to 'high'

Kenya is likely to default or face problems servicing its ballooning debt due to Covid-19 pandemic, a new report by International Monetary Fund (IMF) has shown. In its latest country assessment report ...
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Nigeria clears $3.4bn IMF COVID-19 loan

The Federal Government of Nigeria has cleared the $3.4bn International Monetary Fund, IMF, COVID-19 loan. The IMF removed Nigeria from its credit outstanding list for the period covering May 1 to May ...