Zimbabwe starts compensating white farmers 25 years after land seizures
Step is requirement for restructuring country’s debt, including new IMF programme Zimbabwe has started to make compensation payments to former white farm owners, 25 years...
Category : International Monetary Fund (IMF)
US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt Somalia has announced that more than $1.1bn (£860m)...
World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say
Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect The World Bank and the...
Argentina’s new government devalues peso by more than 50%
Package of spending cuts introduced in attempt to tackle country’s worst economic crisis in decades Argentina has devalued its currency, the peso, by more than...
IMF clings to a hopeful agenda as crisis follows crisis
At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again Last week’s turmoil...
Paris finance reforms could untie poor countries’ hands in climate crisis
Changes to the World Bank could unlock developing states access to loans and to the means of staving off disaster The Netherlands has almost the...
IMF calls for ‘another Gleneagles moment’ on debt relief and aid
Package similar to 2005 deal needed as struggling African countries suffer severe funding squeeze, says official Western countries need to put together a debt relief...
Water ban in drought-stricken Tunisia adds to growing crisis
Risk of unrest rises amid fourth dry year, poor grain harvest, weak economy and likely food subsidy cuts Tunisia has introduced water rationing as the...
World Bank walking tightrope as it mulls increased lending to poorest
Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs? Not since the...
Lenders urged to cancel Zambia debt as country faces economic collapse
Economists accuse bondholders of standing to make huge profits at the expense of the crisis-hit country More than 100 economists and academics have urged international...
