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Africa IMF News is an EIN News Service for banking industry professionals. Constantly updated news and information about Africa Banking.
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Latest Africa IMF News

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  • IMF formally approves US$1.4b for Angola 24 Nov 2009 00:12 GMT
    ... WASHINGTON: The International Monetary Fund said on Monday that it gave final ... other effects of the global crisis. "The IMF-supported economic program approved aims to restore macroeconomic ... country's 27-year civil war. Officials in the African nation had said the finance would help ...

  • Dollar, Yen May Extend Decline as US Housing Gain Buoys Risk 24 Nov 2009 00:15 GMT
    ... little changed at 88.96 per dollar. South Africa’s rand was the biggest winner versus the ... danger of asset bubbles in emerging markets, International Monetary Fund Managing Director “I don’t believe ...

  • Global Markets Rise on U.S. Home Sales 24 Nov 2009 01:32 GMT
    ... 4:30 PM New York, 9:30 PM London, 8:30 AM Sydney – The U.S. market ... statistics and closed up more than 2.2%. IMF chief warned that banks have declared only ... was awarded €100 million contract in South Africa. The UK benchmark index rose 2.2% after ...

  • Egypt hit by wave of strikes and protests 23 Nov 2009 12:53 GMT
    ... Egypt hit by wave of strikes and protests ... Hosni Mubarak government was hailed by the International Monetary Fund (IMF) and neo-liberal economists for its structural adjustment programs. ...

  • Turkey, Egypt aim to boost trade volume 23 Nov 2009 11:36 GMT
    ... Turkish Confederation of Businessmen and Industrialists (TUSKON) recently organized the Turkey-Egypt ... Businessmen and Industrialists (TUSKON) recently organized the Turkey-Egypt Business Forum entitled New Cooperation Opportunities Between ... in exports and the International Monetary Fund’s (IMF) predictions foreseeing Turkey among the seven G-20 countries ...

  • IMF considers $1.4 bln loan to Angola - IMF spox 23 Nov 2009 19:03 GMT
    ... LUANDA, Nov 23 (Reuters) - The International Monetary Fund is considering a 27-month $1.4 billion loan ... said on Monday. 'The board of the IMF is considering the loan and should soon ... one of the largest agreed with an African country. A senior IMF director said on ...

  • 'Indo-US economic bonds can fortify strategic ties' 23 Nov 2009 17:35 GMT
    ... into a more prominent role in the IMF (International Monetary Fund), the World Bank -- those sorts of ... pipeline issue, or what happens in West Africa, in Nigeria, or in US-India cooperation in ...

  • Burundi's inflation falls to 7.0 pct in October 23 Nov 2009 09:18 GMT
    ... Economic Studies and Statistics (ISTEEBU) said. The International Monetary Fund (IMF) forecasts that inflation in the landlocked nation ... Editing by Toby Chopra) (For more Reuters Africa coverage and to have your say on ...

  • Under Pressure, Wade Eyes Third Term for Party 23 Nov 2009 06:34 GMT
    ... bribery scandal involving the president and an International Monetary Fund expatriate, Mr Alex Segura. That episode has ... end of his three-year posting, citing an African tradition of offering goodbye presents. The gift ... offering goodbye presents. The gift which the IMF said amounted to 100,000 euros was returned ...

  • Angola FX reserves drop despite firm oil prices 23 Nov 2009 12:31 GMT
    ... and Portuguese construction companies operating in the African nation, which may have also weighed on ... to banks at weekly auctions after the International Monetary Fund announced it was likely to ... data by the central bank. Angola rivals Nigeria as Africa's top oil producer. It relies ...

  • Yemen foreign debt jumps to $6 bln in September 23 Nov 2009 14:12 GMT
    ... others. The rest debt was for the International Monetary Fund, the OPEC Fund for International ... Kuwaiti and Iraqi Funds as well as Algeria, Boland and Korea about $876.5 million. BA ...

  • Adira Energy's parent company, AMG Oil Ltd., announces nomination of new directors 23 Nov 2009 15:13 GMT
    ... financial bodies, the World Bank and the International Monetary Fund (IMF). Mr. Marani has a Masters Degree in ... the central Kalahari Desert in sub Saharan Africa. Prior thereto, Mr. Kinley spent 26 years ...

  • EU recession over, but sharp contrasts in East 23 Nov 2009 12:52 GMT
    ... had to be bailed out by the International Monetary Fund. "Poland, the Czech Republic and ... Economist for Europe, the Middle East and Africa at Deutsche Bank AG in London. Emerging ...

  • Dollar, Yen Fall as US Housing Gain Spurs Demand for Risk 23 Nov 2009 20:26 GMT
    ... 0.2 percent to 89.10 per dollar. South Africa’s rand was the biggest winner versus the ... danger of asset bubbles in emerging markets, International Monetary Fund Managing Director “I don’t believe ...

  • At odds elsewhere, India, China in same WTO team 23 Nov 2009 05:55 GMT
    ... by China and several countries, including South Africa, in the Budget Finance and Administration Committee ... countries in other multilateral organisations like the International Monetary Fund and and the World Bank. ...


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