The IMF Reviews Ethiopia’s Debt Overhaul Measures

The lender’s executive board has approved the second review of Ethiopia’s $3.4 billion financing program, enabling a $250 million disbursement. The four-year program, initiated in July 2023, followed Ethiopia’s sweeping reforms, including floating its birr currency to address debt restructuring. The IMF commended progress in restoring debt sustainability and advancing debt treatment negotiations under the…

Pro-Tinubu Group Praises Faleke’s Role in Advancing President’s Tax Reforms

freebiesloaded.co - 26/Jan 19:41

The Tinubu Reforms Advocates (TRA) praised Rt. Hon. James Faleke for his pivotal role in advancing President Bola Tinubu’s tax reform bills in the...

Thomas Laryea writes: A proposed novel approach to sovereign debt restructuring

asaaseradi.com - 30/Jan 13:44

The deterioration of public debt dynamics remains a concern in international policy and market circles. Notably, in the most recent Annual Meetings of...

Ethiopian birr collapse doubles Hajj costs for Somali regional state residents

hiiraan.com - 26/Jan 04:48

Mogadishu (HOL) — The cost of performing Hajj for residents of Ethiopia’s Somali Regional State has skyrocketed this year, nearly doubling...

IMF team in Zimbabwe to discuss economic developments and debt resolution

chronicle.co.zw - 31/Jan 12:47

Nqobile Bhebhe, nqobile.bhebhe@chronicle.co.zw AN International Monetary Fund (IMF) team is in the country to discuss economic developments, financing...

FEC approves N4.8bn for HIV/AIDs treatment in Nigeria

africa.tvcnews.tv - 05/Feb 15:31

The federal executive council meeting has approved one point seven billion dollars (N1.7bn) in financing for healthcare sector reforms under the...

NG jacks up borrowings amid market uncertainty

businessmirror.com.ph - 30/Jan 11:47

Amid market uncertainty, the Marcos administration jacked up its borrowings in January through the issuance of debt papers, raising almost a fifth of...

Egypt awaits IMF decision on $1.2 billion loan disbursement

egyptindependent.com - 04:14

Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement of...

Zimbabwe’s biggest financial services company CBZ Holdings ‘fires’ 350 workers just 3 months after laying off 13 senior managers as the economy collapses

myzimbabwe.co.zw - 02/Feb 05:06

Zimbabwe’s largest financial services conglomerate, CBZ Holdings Limited, has retrenched 347 workers as part of a sweeping restructuring exercise...

Budget 2025: What the automotive sector needs

hindustantimes.com - 29/Jan 09:40

Sweeping tax reforms and GST rebates appear to be the need of the hour for Auto inc.

IMF proposes debt ceiling strategy for South Africa to tackle unsustainable debt

dailynews.co.za - 31/Jan 05:01

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