IMF

International Monetary Fund member countries have agreed to clear Sudan’s arrears to the institution, France’s president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.

The French government has said it will lend Sudan $1.5 billion to help the heavily indebted country pay off its arrears to the International Monetary Fund.

The United States will grant Tunisia $500 million in aid to finance infrastructure and other projects and talks are also advanced on a loan guarantee, Tunisian finance minister Ali Kooli told Reuters on Monday.

French President Emmanuel Macron this week hosts African leaders and chiefs of global financial institutions for twin summit meetings that will seek to help Sudan into a new democratic era and provide Africa with critical financing swept away by the Covid-19 pandemic.

The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.

The share of United States dollar reserves held by central banks across the world fell to 59 per cent—its lowest level in 25 years, during the fourth quarter of 2020.

The federal government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said.

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to publicly condemn all attacks on journalists and media organizations.

The International Monetary Fund (IMF) has stated that a multilateral response is critical to overcome the COVID-19 pandemic in India and globally.

The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).

A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.

Transforming Uplifting and Reforming Nigeria (TURN) which is committed to the socio-economic well-being of Nigeria has expressed its concern about the indebtedness of the Federal Republic of Nigeria to the People’s Republic of China. The organization is worried also about what it called “the reported enslaving terms of conditions which Nigeria agreed to in order to secure the loans.”

After barely a year in office, the Lesotho prime minister's future hung in the balance on Wednesday after an overnight split of his ruling party risked upsetting the parliamentary majority he needs to stay in power.

The All Progressives Congress (APC) Caretaker/Extraordinary Convention Planning Committee, has charged Nigerians and critics to allow the Central Bank of Nigeria (CBN) to effectively and effectively perform its statury mandate.

Congo Republic's President Denis Sassou Nguesso pledged to reform and simplify business and tax laws to help boost economic growth as he was sworn in on Friday, prolonging his 38-year reign over the central African oil producer.

The International Monetary Fund (IMF) says sub-Saharan Africa’s low-income countries face additional external funding needs of about $245 billion over the next five years or 425 billion dollars for the whole region.

Experts have called on the Federal Ministry of Health (FMOH) to utilise the N126 billion allocated for coronavirus (COVID-19) in the health budget judiciously, to build a resilient health system in the country.

Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency on promises to revive an economy battered by coronavirus as his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.

The Buhari Media Organisation (BMO) has tackled the International Monetary Fund (IMF) over its 2.5% economic growth projection for Nigeria, accusing the Fund of not carrying out a proper assessment of the nation’s economy.

Campaign group Human Rights Watch raised concern last month about what it called the “scant transparency” in the management of funds, although transparency was a pre-condition for getting loans from the International Monetary Fund (IMF) to tackle the pandemic.

Pope Francis yesterday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of poor countries hit by the economic impact of the COVID-19 pandemic and give their governments a greater say in global-decision-making.