Tunisian PM Hichem Mechichi says country to seek $4billion IMF loan

Tunisia will seek a $4 billion loan programme from the International Monetary Fund in talks starting next week, Prime Minister Hichem Mechichi said on Friday, saying politicians faced a “last opportunity” to save the economy. Mechichi said he expected talks to last about two months and had “confidence” Tunisia could secure financial support to help… Read More Tunisian PM Hichem Mechichi says country to seek $4billion IMF loan

IMF warns about the vulnerability of the global economy

The International Monetary Fund (IMF) has said the global economy has weakened further and warned of its high vulnerability to adverse shocks. It said the weakening had come amid increasing financial turbulence and falling asset prices. The IMF’s report comes before the meeting of G20 finance ministers and central bank governors in Shanghai later this… Read More IMF warns about the vulnerability of the global economy

IMF supports Nigeria’s promotion of power infrastructure

The International Monetary Fund, IMF, has pledged its support of the Federal Government’s ongoing efforts at promoting targeted and core infrastructure in power, integrated transport network, housing; reduce business environment costs through greater transparency and accountability, and promote employment of youths and female populations. It also said that adopting a sound Petroleum Industry Bill, applying… Read More IMF supports Nigeria’s promotion of power infrastructure

IMF warns Ghanaian government of possible fiscal overruns

The International Monetary Fund (IMF) has advised government to as early as possible cost the 2016 general elections in order to avoid the risk of fiscal overruns. The country has suffered budget overruns in election years but with an IMF programme covering 2016, a high sense of fiscal discipline is required. “To avoid the risk… Read More IMF warns Ghanaian government of possible fiscal overruns