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Tag: EFF

Business / economics / Politics

Argentina’s Congress Approves New IMF Loan Agreement for President Milei

March 19, 2025March 19, 2025 - by Carmen Mendez - Leave a Comment

Argentina’s Congress approved President Milei’s request for a new IMF loan agreement, aiming to bolster the central bank’s reserves amid existing debts. Milei’s authority derives from a strategic minority position …

Argentina’s Congress Approves New IMF Loan Agreement for President Milei Read More
Business / economics

Argentina’s Congress Approves New IMF Loan for Economic Stability

March 19, 2025March 19, 2025 - by Marcus Chen - Leave a Comment

Argentina’s Congress has approved a new IMF loan under President Javier Milei to bolster foreign currency reserves and address debt payments. The specifics of the loan remain undisclosed, but it …

Argentina’s Congress Approves New IMF Loan for Economic Stability Read More
Business / Companies

Kenya’s Strategic Shift: Abandoning Ksh.63B IMF Disbursement for Future Prospects

March 19, 2025March 19, 2025 - by Allegra Nguyen - Leave a Comment

Kenya has abandoned a Ksh.63 billion IMF disbursement to pursue new fiscal policies. This decision concludes the EFF and ECF arrangements, leaving the RSF program active. Experts stress the importance …

Kenya’s Strategic Shift: Abandoning Ksh.63B IMF Disbursement for Future Prospects Read More
Business / Companies / economics

Kenya Pursues New IMF Loan Amid Economic Challenges

March 18, 2025March 18, 2025 - by Sofia Nawab - Leave a Comment

Kenya abandons its current IMF programme to negotiate a new loan as it faces economic challenges due to rising debt repayment costs. The IMF has acknowledged the request for a …

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Companies

Kenya Cancels 9th Review and Requests New Loan Program From IMF

March 17, 2025March 17, 2025 - by Marcus Chen - Leave a Comment

Kenya and the IMF have cancelled the ninth review of their loan program, moving forward with a request for a new loan program. This decision follows a visit by an …

Kenya Cancels 9th Review and Requests New Loan Program From IMF Read More
Companies

Kenya Seeks New IMF Programme Amid Economic Challenges and Rising Debt

March 17, 2025March 17, 2025 - by Sofia Nawab - Leave a Comment

Kenya has requested a new lending programme from the IMF, abandoning the current one amid rising debt-servicing costs. The total ECF/EFF facility expiring next month is worth $3.6 billion. The …

Kenya Seeks New IMF Programme Amid Economic Challenges and Rising Debt Read More
Politics

Opposition Parties in South Africa Urge President to Resist U.S. Pressure

March 17, 2025March 17, 2025 - by Sofia Nawab - Leave a Comment

Opposition parties in South Africa, following the expulsion of Ambassador Ebrahim Rasool by the U.S., urged President Ramaphosa to resist American pressure. Minister of International Relations Ronald Lamola emphasized the …

Opposition Parties in South Africa Urge President to Resist U.S. Pressure Read More
Business / Companies

IMF Reviews Cameroun’s Financial Programs, Aims for Enhanced Economic Growth

March 12, 2025March 12, 2025 - by Carmen Mendez - Leave a Comment

The IMF Executive Board has completed major reviews of Cameroon’s financial programs, enabling disbursements totaling approximately US$119.4 million. While recovery is ongoing, growth remains subdued, necessitating bold actions to enhance …

IMF Reviews Cameroun’s Financial Programs, Aims for Enhanced Economic Growth Read More
Companies

Egypt Secures $1.2 Billion IMF Disbursement Amid Economic Reforms

March 12, 2025March 12, 2025 - by Allegra Nguyen - Leave a Comment

Egypt has secured a $1.2 billion disbursement from the IMF following the fourth review of its economic reform program, totaling $3.2 billion. The IMF also approved a $1.3 billion arrangement …

Egypt Secures $1.2 Billion IMF Disbursement Amid Economic Reforms Read More
Business / Companies / economics

IMF and Suriname Finalize Agreement on Economic Recovery Program

March 10, 2025March 10, 2025 - by Sofia Nawab - Leave a Comment

The IMF and Suriname’s authorities have reached a staff-level agreement for the final review of an economic program supported by the Extended Fund Facility, pending approval by the Executive Board. …

IMF and Suriname Finalize Agreement on Economic Recovery Program Read More

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