IMF Archives - Ibe Kachikwu

12th January 2021

IMF Approves $487.5 million for Angola to Aid Recovery from Low Oil Prices

The Executive Board of the International Monetary Fund IMF, announced the approval of $487.5 million to Angola, on Monday, 11th January 2021. The disbursement is to aid the economy of...

21st October 2020

IMF Predicts Oil Price will Remain Between $40 – $50 per barrel in 2021

According to the International Monetary Fund's Regional Economic Outlook: Middle East and Central Asia latest report, oil prices will stay between $40 - $50 per barrel, putting additional pressure on...

14th July 2020

IMF Make Lowest Economic Projection in over 50 years for the Middle East and North Africa

According to World Bank data, the latest projection by the International Monetary Fund (IMF) on the Middle East and North Africa is the lowest in over 50 years. The IMF,...

10th July 2020

IFC Provides COVID-19 Relief to Mauritania through Addax Energy

The International Finance Corporation (IFC) is set to provide $35 million as part of a $200 million credit facility arranged by Societe Generale to aid Addax Energy SA in delivering...

2nd June 2020

Angola is Renegotiating Terms With Lenders – President João Manuel

Angola is reportedly renegotiating with its key lenders to reschedule its debt payments, after an interruption of about three months due to the COVID-19 pandemic and the global drop in...