World Bank

Zimbabwe Government Appeals For Urgent International Financial Help from iMF, WORLD BANK GROUP, PARIS CLUB, aFRICAN dEVELOPMENT BANK & eUROPEAN INVESTMENT GROUP

Analysis by Noah Manyika Every Zimbabwean needs to read this letter sent out by Zimbabwe’s Finance Minister Mthuli Ncube appealing for international help. This is much closer to the truth than all their other efforts to paint a rosy picture. It’s been a month since it was written, and there is hardly any evidence of …

Zimbabwe Government Appeals For Urgent International Financial Help from iMF, WORLD BANK GROUP, PARIS CLUB, aFRICAN dEVELOPMENT BANK & eUROPEAN INVESTMENT GROUP Read More »

IMF Executive Board Approves US$309 Million In Emergency Assistance To Mozambique To Address The COVID-19 Pandemic

April 24, 2020 The IMF approved a disbursement under the Rapid Credit Facility (RCF) of US$309 million to help Mozambique meet urgent balance of payment and fiscal needs stemming from the COVID-19 pandemic. The pandemic is expected to have a significant impact on Mozambique’s economy, interrupting a nascent recovery following two powerful tropical cyclones that …

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Zimbabwe EXCLUDED from IMF Debt Relief, Several African Countries to Benefit

The International Monetary Fund (IMF) Executive Board approved immediate debt relief for 25 countries, according to a statement released on 13 April. The Managing Director of the IMF Ms. Kristalina Georgieva said in the statement, “Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s …

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