A tightening of global monetary policy to rein in inflation has led to higher interest rates, raising Africa's borrowing costs on both domestic and international markets.
Speaking to journalists during a news briefing on Friday, Selassie said the Fund was “comfortable” with the steps being taken by Ghana to secure a lending program.
Kenya, meanwhile, is not expected to seek a restructuring of its debt despite current strains and the looming burden of a $2-billion eurobond that will mature in June 2024. This occurred amid a drop in Chinese bilateral funding – a key source of critical infrastructure financing – and a long-term decline in traditional development finance.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF's Georgieva sees risk of supply chain security leading to new Cold WarInternational Monetary Fund Managing Director Kristalina Georgieva warns against going overboard and harming global trade flows.
Read more »
IMF’s Georgieva sees risk of supply chain security leading to new Cold WarInternational Monetary Fund Managing Director Kristalina Georgieva warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers. | Reuters
Read more »
IMF chief urges world to avoid a 'second Cold War'Countries must do more to avert the costly consequences of growing global trade fragmentation and help avert a "second Cold War," the International Monetary Fund&39;s managing director said Thursday.
Read more »
Diokno asks WB-IMF to sustain supportFinance Secretary Benjamin Diokno called on the World Bank Group and the International Monetary Fund to continue supporting emerging markets
Read more »
Brazil's Lula to meet Xi in Beijing after lashing out at US dollar, IMFBrazilian leader Luiz Inacio Lula da Silva is set to forge closer ties with Chinese President Xi Jinping during a meeting in Beijing on Friday, a day after he lashed out at the power of the US dollar and the IMF.
Read more »
Brazil's Lula to meet Xi in Beijing after lashing out at US dollar, IMFBEIJING, China -- Brazilian leader Luiz Inacio Lula da Silva is set to forge closer ties with Chinese President Xi Jinping during a meeting in Beijing on Friday, a day after he lashed out at the power of the US dollar and the IMF.
Read more »