The statistics are stark: 54 governments, of which 25 are African, are spending at least 10% of their revenues on servicing ...

The primary objective behind this initiative was to break away from the dominance of imperial institutions such as the World ...

The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation and approved a 37-month Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan ...

The mechanism created in 1997 increases the debt payment burden. It is heavily criticized by economists and developing countries. The International Monetary Fund (IMF) is preparing to ease the ...

Kenya will decide on the type of its next International Monetary Fund program upon the expiry of the current arrangement, ...

IMF director Kristalina Georgieva upgraded the forecast for ... increasingly shown diverse interests in joining BRICS+ ...

Emerging market stocks jumped nearly 2% on Thursday, boosted by Chinese and Hong Kong shares on Beijing's promise of more policy measures, while Pakistan's stock index hit a lifetime high after the ...

In the historic shift from a world powered by fossil fuels through combustion to one powered by non- or low-carbon emitting sources, mining is a lead actor. The health of the global economy, let alone ...

Zimbabwe introduced the Zimbabwe Gold in April 2024, replacing the Zimbabwe dollar. In accordance with IMF Article IV, Section 2(a), regarding the obligations of members to notify the Fund of their ...

After several years of mounting fierce criticisms over the operations and performance of International Monetary Fund [IMF] and consistently advocated for its structural reforms, Russia has reversed ...

South Africa recorded foreign direct investment inflows of 16.6 billion rand ($965.87 million) in the second quarter of 2024, ...

However, religion, domestic compulsions and failure to improve political conditions, with or without national elections, have ...