IMF approves release of $1 bn for Angola amid COVID-19 downturn
The IMF on Wednesday approved the release of another $1 billion in lending for Angola as its economy struggles with the Covid-19 downturn and global drop in crude prices. The Washington-based crisis lender also increased by $765 million the size of the three-year aid program for the southern African nation to help it deal with […]
CISLAC writes open letter to IMF, World Bank, UN, and PTF on COVID-19
By Gabriel Ewepu – Abuja The Civil Society Legislative Advocacy Centre, CISLAC, Friday, wrote an open letter to the International Monetary Fund, IMF, World Bank, United Nations, UN, and Presidential Task Force on COVID-19 with the subject ‘Nigeria: What is Needed in Nigeria’s Health and Economic Response to COVID-19’. The letter was written and signed […]
COVID-19: IMF, World Bank mobilise $57bn for Africa
The World Bank Group and International Monetary Fund (IMF) have said they were mobilising world resources to help Africa defeat COVID-19. The leaders of the two institutions held a virtual meeting with African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries, they said in a joint statement, […]
COVID-19: Africa still needs $44 bn to fight pandemic ―World Bank and IMF
The World Bank and IMF said on Friday Africa needs $44 billion more to fight the coronavirus pandemic despite a freeze in debt payments for many countries and massive pledges of support. The Washington-based lenders and other official creditors have already mobilized $57 billion to support healthcare and economic recovery in the world’s poorest continent, […]
COVID-19: CISLAC writes IMF, World Bank, UN, Presidential Task Force over eminent looting of funds
The Civic Society Legislative Advocacy Centre (CISLAC) has written the International Monetary Fund, the World and the Presidential Task Force on COVID-19 to scale-up anti-corruption measures in decision-making and subsequent disbursement of funds for the fight against coronavirus to check looting.
IMF advocates more fiscal support to fight COVID-19 in Nigeria
The International Monetary Fund, IMF, has called on the Nigerian government to roll out more fiscal support to fight the COVID-19 pandemic.
