IMF is assisting countries mired in debt crisis
The programme that freezes payments on IMF debt from poor countries is expected to be extended through 2021...
Tag : economy
Kenya seeks IMF loan worth $2.3 bn to stabilise rising debt
The country’s fiscal deficit will increase to 8.3% of GDP in the fiscal year to June 2021 from 7.4% in the current fiscal year...
South Africa’s private sector expands slowly in November
The Purchasing Managers’ Index fell to 50.3 in November from 51 in the previous month...
Chile expects to come close to 6% GDP contraction: OECD
In October, the Chilean economic activity dropped 1.2 percent from a year earlier...
South African economic activity shows optimism in Q4
BCI has shown a 40 points increase in the fourth quarter compared to 24 points in the previous quarter of the year...
Golden visa extension will support UAE’s economic recovery
Recently, the UAE approved the issue of a 10-year golden visa to professionals from various sectors...
Mastercard propels commercial payments in MEA
The company has collaborated with Network International to promote cashless payments solutions across the region...
Kenya seeks to defer $690 mn in debt payments
The country might participate in the G20's Debt Service Suspension Initiative, and the final decision will be made early next week...
Argentina to request IMF for an extended fund facility
This will allow the country to develop a host of economic reforms and delay repayment of loan worth $44 billion...