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World Bank-IMF Spring Meetings stoke anger in Africa

The 2023 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington DC concluded with disappointment among African leaders that the institutions have no interest in reforming their lending model to help countries in dire straits. 

African Ministers call for an IMF that is fit for the 21st Century | United Nations Economic Commission for Africa

Washington DC, 10 April 2023 – African Ministers of Finance, Planning and Economic Development have called for reforms aimed at strengthening the International Monetary Fund’s operation model, lending instruments and governance structure to deal more effectively with global exogenous shocks such as the COVID-19 pandemic, the war in Ukraine and the unfolding climate crisis.The

The IMF Board approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 11 6 billion (about US$15 6 billion) as part of a US$115 billion total support package for Ukraine

The IMF Board approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 11 6 billion (about US$15 6 billion) as part of a US$115 billion total support package for Ukraine
imf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from imf.org Daily Mail and Mail on Sunday newspapers.

IMF Executive Board Approves US$15 6 Billion for Ukraine as part of a US$115 Billion Overall Support Package

The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 11.6 billion (577 percent of quota or about US$15.6 billion). This arrangement is part of a US$115 billion total support package for Ukraine. The Executive Board’s decision allows theThe Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 11.6 billion (577 percent of quota or about US$15.6 billion). This arrangement is part of a US$115 billion total support package for Ukraine. The Executive Board’s decision allows the » The FINANCIAL Ukraine

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