Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession.
The funding comes under a new programme which aims to help vulnerable middle-income countries and island states.
As 182 economists from around the world issued a call to cancel Sri Lanka’s debt, not all experts agree.
The IMF announced an ambitious reform programme for Egypt’s economy, but analysts cast doubt on its effectiveness.
Inflation is hovering at a record 50.3 percent in Ghana, once described as Africa’s shining star by the World Bank.
The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?
IMF board approval of the proposed three-year loan is expected early next year, the finance minister said.
Ghana is in talks with the International Monetary Fund for a support package to help relieve its debt distress.
Kenneth Ofori-Atta says depreciation of the cedi ‘seriously affecting’ Ghana’s ability to manage its public debt.
Lebanon’s bank hold ups are the result of lawlessness created by banks, not desperate depositors.
Rising energy and food prices, sparked by the Russia-Ukraine war, and shrinking forex reserves have hit Bangladesh.
Financial agency cites rising interest rates as risk to region’s economic growth.
Egypt has been in talks with the IMF since March in an effort to improve the country’s economic outlook.
Kristalina Georgieva told UK’s finance minister and central bank chief that their policies should not be contradictory.
