Daily Archives: June 3, 2020

Ghana and the IMF

 

The IMF’s Support for Uganda’s Health Care, Most Vulnerable, Businesses, and Stability

The IMF’s Support for Uganda’s Health Care, Most Vulnerable, Businesses, and Stability

May 22, 2020

The coronavirus pandemic has hit Uganda’s economy and population severely. The country faces a significant contraction in economic activity, including a drop in domestic demand, supply disruption, and a decline in foreign direct investment and remittances.

To help the country overcome its economic difficulties, the IMF has approved a loan under the Rapid Credit Facility (RCF)—totaling around $491.5 million.

IMF Country Focus recently talked to the IMF’s resident representative in Uganda, Clara Mira, who described the economic situation confronting Uganda, and how the country will use the RCF resources from the IMF.

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Nigeria’s IMF Financial Assistance to Support Health Care Sector, Protect Jobs and Businesses

Nigeria’s IMF Financial Assistance to Support Health Care Sector, Protect Jobs and Businesses

April 30, 2020

The IMF has approved its largest COVID-19 emergency financing package so far—a US$3.4 billion Rapid Financing Instrument (RFI) for Nigeria. The country has been hit hard by the coronavirus, particularly because of the associated plunge in the price of oil—Nigeria’s top export commodity.

Related links

Read the report
Read the press release
Factsheet: Rapid Financing Instrument
Nigeria and the IMF

In a conversation with IMF Country Focus, the IMF’s mission chief for Nigeria, Amine Mati, described the economic situation confronting Nigeria, and how the country will use the money negotiated with the IMF.

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IMF Country Focus – News

The IMF’s Support for Uganda’s Health Care, Most Vulnerable, Businesses, and Stability

May 22, 2020

The coronavirus pandemic has hit Uganda’s economy and population severely. The country faces a significant contraction in economic activity, including a drop in domestic demand, supply disruption, and a decline in foreign direct investment and remittances.

How covid-19 could change the financial world order | The Economist

The Economist

May 12, 2020

America has dominated global finance for decades. But could covid-19 tip the balance of financial power in China’s favour? Further reading:
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.trib.al/YD53WI6
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2QXX9sJ
Read Matthieu Favas’ special report here: https://econ.st/3fAPKu1
How the pandemic is driving America and China further apart: https://econ.st/2SRk2Pl
Fu Ying: why China and America must co-operate on covid-19: https://econ.st/2YTYhma
Read our article on China’s aim to launch the world’s first official digital currency: https://econ.st/2SThC2Y

Covid-19: why the economy could fare worse than you think | The Economist

The Economist

May 27, 2020

Three months after lockdown was relaxed in China, its economy is now running at around 90% of normal levels. Although 90% may sound fine, for many it could be catastrophic.
Read more here: https://econ.st/2AeZ86k
Further reading: Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.trib.al/YD53WI6
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2QXX9sJ
Read our leader on lifting lockdowns: https://econ.st/2TuaxG6
Tracking the economic recovery: https://econ.st/2Xk7i5x
How covid-19 is undoing progress in curbing poverty: https://econ.st/3e748J5
See the data: unemployment and unemployment insurance in America: https://econ.st/2ATwnN1
Britain’s public debt is rising to its highest level in decades: https://econ.st/2A3VSLi

Why Pandemics Hit Hardest Among the World’s Poor | IMFBlog Extra

IMF

Jun 1, 2020

Higher rates of infection. Critical travel needs. And reduced bargaining power for unskilled labor. The IMF’s Jonathan Ostry explains how the world’s poor are disproportionately impacted by a pandemic like COVID-19.
Go to https://blogs.imf.org to read the analysis.
Read: “How Pandemics Leave the Poor Even Farther Behind” here: http://ow.ly/mOKt50zVGEc

IMF Videos – The IMF in Ghana: “Macrostability Is Like Fresh Air.”

12/14/2018

The IMF in Ghana: “Macrostability Is Like Fresh Air.”

178 Views

In early 2017 Ghana’s economy faced multiple challenges ranging from declining GDP to a high fiscal deficit. Find out how the IMF partnered with Ghana to face these challenges.

Climate Change – IMF

IMF work shows the key role of policies that respond to global climate change and other environmental challenges. We provide practical guidance for policymakers, globally and nationally.

Fiscal, financial and monetary, and sustainable development policies help countries build resilience to climate and natural disaster risks.

Nigeria and the IMF

The IMF works with governments around the world to modernize their economic policies and institutions, and train their people. This helps countries strengthen their economy, improve growth and create jobs.