FeaturedFinanceChile requests $23.8 bn Flexible Credit Line from IMFInternational Finance Business DeskMay 20, 2020May 20, 2020 by International Finance Business DeskMay 20, 2020May 20, 2020 This is an attempt to improve its economic resources during the ongoing crisis... Read more
FeaturedForexIMF lends $739 mn to Kenya; foreign reserve rises 9%International Finance Business DeskMay 20, 2020May 20, 2020 by International Finance Business DeskMay 20, 2020May 20, 2020 The country's usable foreign exchange reserves increased to $8,532 mn as of May 14... Read more
EnergyExclusiveCoronavirus pandemic to severely impact the renewable energy sectorPritam BordoloiMay 12, 2020May 12, 2020 by Pritam BordoloiMay 12, 2020May 12, 2020 China alone supplies more than 50% of solar equipment to the world... Read more
BankingFeaturedKenya issues Sh50 bn bond to provide further supportInternational Finance Business DeskMay 8, 2020May 8, 2020 by International Finance Business DeskMay 8, 2020May 8, 2020 Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda... Read more
EconomyFeaturedUN releases framework to lift economies, save jobsPritam BordoloiApril 28, 2020April 28, 2020 by Pritam BordoloiApril 28, 2020April 28, 2020 The UN calls for an scale-up of international support and political commitment to ensure access to essential services and social protection... Read more
EconomyFeaturedGlobal CEOs prepare for a U-shaped recession, says surveyInternational Finance Business DeskApril 22, 2020 by International Finance Business DeskApril 22, 2020 Around 3534 CEOs participated in the survey from 109 countries... Read more
EconomyFeaturedCoronavirus pandemic threatens post-Brexit trade talksInternational Finance Business DeskApril 17, 2020 by International Finance Business DeskApril 17, 2020 Two lead negotiators have isolated themselves due to the pandemic, which might bring a change to the timeline... Read more
EconomyFeaturedIMF: Coronavirus impact to be more severe than 2008 crisis for MidEastInternational Finance Business DeskApril 16, 2020April 16, 2020 by International Finance Business DeskApril 16, 2020April 16, 2020 IMF expects the MENA region to contract by 3.3% in 2020... Read more
FeaturedFinanceIMF executive board approves debt service relief to 25 poor countriesInternational Finance Business DeskApril 15, 2020 by International Finance Business DeskApril 15, 2020 These countries are most vulnerable to debt and come under the IMF's revised Catastrophe Containment and Relief Trust... Read more
BankingKenya, IMF to sign agreement to renew $1.5 bn standby creditInternational Finance DeskNovember 25, 2019 by International Finance DeskNovember 25, 2019 The IMF said that the country’s economic growth and fiscal plan is strong... Read more