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IMF: Previous warnings of global economic contraction too optimistic

The Head of the International Monetary Fund said Friday that previous estimates for the world economy to contract by three percent this year were...
Business

FLASHBACK: Ghana seeks $1 billion IMF support

In early 2009, Ghana turned to the IMF for a $1 billion loan to help stabilize the economy. IMF advisors, working with the Ghanaian government,...
Business

Lift trade restrictions on medical supplies and food IMF, WTO to governments

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva and Director-General of the World Trade Organisation (WTO), Roberto Azevêdo, have on Friday April 24...
Business

IMF’s Georgieva says coronavirus crisis is worst since Great Depression

The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, IMF Managing Director Kristalina Georgieva said on...
Business

Coronavirus: IMF says half the world has asked for a bailout

Half of the world's countries have approached the International Monetary Fund for emergency loans to weather the financial crisis sparked by the global coronavirus...
World

Central Banks build $8trn war chest against coronavirus

Central Banks across the globe have built an $8 trillion war chest against the Coronavirus pandemic. International Monetary Fund (IMF) Managing Director Kristalina Georgieva disclosed...
Business

Coronavirus: Banks’ resilience to be tested in some countries IMF

The International Monetary Fund says the resilience of banks may be tested in some countries in the face of a sharp slowdown in economic...
News

$1billion cash: Were not back to an IMF program – Gabby Otchere-Darko

An influential member of the governing New Patriotic Party (NPP) Gabby Asare Otchere-Darko has explained even though the government of Ghana has secured a facility of...
Business

IMF predicts negative global growth in 2020

The International Monetary Fund (IMF) says the outlook for global growth for 2020 is negative at least a recession as bad as during the...
World

Venezuela asks IMF for $5 billion to tackle coronavirus

President Nicolas Maduro's government has requested $5 billion from the International Monetary Fund (IMF) to deal with the coronavirus pandemic in Venezuela, where 33...
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