Tag Archives: IMF

Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …

Kampala, Uganda | THE INDEPENDENT | Kenya’s Treasury Secretary, Henry Rotich, has indicated plans to repeal the rate cap law as part of the contentious reforms demanded by the International Monetary Fund to extend a frozen Kshs 153bn emergency standby facility that expires this month. The facility, which is designed …

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

Top job for South African Lesetja Kganyago gives African countries sway Kampala, Uganda | DANNY BRADLOW | South Africa’s Reserve Bank Governor, Lesetja Kganyago, has been selected as the first sub-Saharan African to serve as chair of the International Monetary and Finance Committee. The chair is appointed by consensus. The three-year …

Dubai, United Arab Emirates | AFP | IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some …

Marrakesh, Morocco | AFP | IMF chief Christine Lagarde warned Tuesday that “public dissatisfaction is bubbling up” in the Middle East and North Africa, calling for reforms that “respond faster to the expectations and sometimes to the frustration of the people”. Speaking at a conference in Morocco’s Marrakesh, the head of …

Rabat, Morocco | AFP | The International Monetary Fund is holding a two-day regional conference from Monday in Morocco with a message of reform amid growing “frustration” among the population of some Arab states. “Rising social tensions and protests in several countries across the Middle East and North Africa are …

Uganda has favorable debt sustainability rating but current pressures could worsen its servicing position COMMENT | EZRA MUNYABONERA |  During the past 10 years, Uganda has registered a consistent rise in the level of indebtedness. Public debt as a share of GDP has risen from 20 percent in 2006 to …

Washington, United States | AFP | South Africa’s central bank chief Lesetja Kganyago will take over as chair of the International Monetary Fund’s policy advisory committee, the IMF announced Thursday. Kganyago, who has served as governor of the South African Reserve Bank since late 2014, takes on a three-year post …

Paris, France | AFP |  International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms “while the sun is shining” on the global economy. In an interview with France’s Le Journal du Dimanche published Sunday Lagarde said the strength of the global economic recovery …