The government has outlined that the U.S.$576 million Rapid Credit Facility (RCF) from the International Monetary Fund (IMF) will be used to implement development projects in the ... Read more »
Low to middle income countries with a debt stock of over U.S.$8.7 trillion in 2020 should be eligible for debt relief, according to the World Bank. The Bank has urged debit ... Read more »
South Africa's Justice Minister Ronald Lamola acted against the advice of his own top legal officials - which he himself seemed to endorse - when he decided in August 2021 to ... Read more »
"In my view the hidden debt scandal is the most egregious corruption case of the 21st century. In U.S. dollar terms, the Malaysian 1MBD case is larger, but Malaysia Read more »
The World Bank and the International Monetary Fund (IMF) have announced that Sudan is to benefit from U.S.$50 billion in foreign debt relief, effectively reducing the country's ... Read more »
"The government is in talks with Standard Chartered Bank about arranging funding for two rail projects expected to cost as much as U.S.$14.4 billion, replacing earlier plans ... Read more »
President Muhammadu Buhari wants to borrow another U.S.$6.1 billion to fund the deficit in the 2021 national budget. The government expects the budget deficit to be financed ... Read more »
The International Monetary Fund has announced that its executives have completed their pre-disbursement engagements with Kenyan officials and approved another U.S.$408 million ... Read more »
Uganda's debt levels has hit a record U.S.$18 billion as of December 2020, up from U.S.$13 billion in 2019. The country's public debt portfolio is projected to swell in the next ... Read more »
Rwanda is set to benefit from multi-million debt service relief from the International Monetary Fund for an initial period of six months, the IMF has said in a statement. The ... Read more »
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