The International Monetary Fund (IMF) has announced a key breakthrough for Ukraine, confirming on Thursday that it has completed the latest review of the country’s loan program—unlocking approximately $500 million in much-needed funds to support macroeconomic stability. Ukraine, now over three years into its brutal war with Russia, is halfway through a four-year, $15.5 billion…
The global economy may be wobbling, but a full-blown recession isn’t part of the forecast—at least not yet. That’s the message from International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who addressed reporters in Washington on Thursday ahead of the IMF and World Bank’s annual Spring Meetings. While she acknowledged that US President Donald Trump’s…
The year-long conflict between Israel and Hamas has had a devastating impact on the economies of the occupied West Bank and Gaza, according to the International Monetary Fund (IMF). Julie Kozack, the IMF’s communications chief, noted on Thursday that Gaza’s economy has experienced a staggering collapse, with GDP in the territory plummeting by nearly 90…
President Bola Tinubu’s administration, on Saturday announced that Nigeria had secured a loan of $2.25 billion from the World Bank at a single-digit interest rate. The package includes a 40-year term with a 10-year moratorium and a nominal interest rate of 1 percent. During a press briefing in Washington DC, United States, Wale Edun, Nigeria’s…
