IMF Archives

IMF Agrees to New $2.2 Billion Program for Senegal as Debt Crisis Deepens

The International Monetary Fund (IMF) has reached a staff-level agreement with Senegal on a $2.2 billion, 36-month financing program aimed at restoring economic stability and putting the country’s debt on…

Africa News Now September 1, 2026

ANN Southern Africa

Zambia Votes in Election Testing Hichilema’s Economic Record

Zambians went to the polls on Thursday to choose their president, lawmakers and local government representatives, with incumbent Hakainde Hichilema seeking a second term amid a debate over whether his…

Africa News Now August 13, 2026

ANN Southern Africa

Zambia Heads to Polls as Hichilema Faces Rising Opposition Challenge

Zambians will vote on Thursday in a closely watched presidential election that will test whether President Hakainde Hichilema’s economic reforms have translated into meaningful improvements in everyday life. About 8.8…

Africa News Now August 10, 2026

ANN Northern Africa

Egypt Set to Receive $1.7 Billion EU Financial Support Amid Economic Reform Drive

Egypt is expected to receive a $1.7 billion financial assistance package from the European Union within days, marking the next phase of a broader €5 billion (about $5.7 billion) macro-financial…

Africa News Now July 5, 2026

ANN West Africa

Ghana Remains Africa’s Fourth Largest IMF Debtor Despite Improving Debt Outlook

Ghana has retained its position as the fourth-largest debtor to the International Monetary Fund (IMF) in Africa, with its outstanding obligations rising to Special Drawing Rights (SDR) 2.72 billion, equivalent…

Africa News Now May 18, 2026

Central Africa

Republic of Congo Seeks New IMF Programme Amid Rising Debt and Oil Revenue Pressures

The Republic of Congo has formally requested negotiations with the International Monetary Fund (IMF) for a new economic and financial support programme as the country faces mounting debt pressures and…

Africa News Now May 12, 2026

ANN West Africa

Senegal Denies Secret €650 Million Borrowing Amid Debt Concerns

Senegal’s government has denied claims in the Financial Times that it secretly borrowed 650 million euros ($754 million) to avoid default, insisting the transactions were conducted transparently and in line…

Africa News Now March 25, 2026

ANN Eastern Africa

Mozambique Seeks IMF Support as Debt Pressures Mount

Mozambique is preparing to host a mission from the International Monetary Fund in the coming months, as authorities look for support to manage rising fiscal and debt pressures. The visit…

Africa News Now March 24, 2026

ANN

Gabon Seeks New IMF Loan to Support Economic Reforms

Gabon has formally requested a new financial arrangement with the International Monetary Fund (IMF) as the oil-producing Central African nation looks to stabilize its economy and strengthen fiscal management. IMF…

Africa News Now March 11, 2026

ANN Northern Africa

Egyptian Pound Hits Record Low as Foreign Investors Exit Local Bond Market

The currency of Egypt fell to its weakest level on record on Sunday, with the Egyptian pound dropping for the first time beyond 52 pounds per US dollar in official…

Africa News Now March 9, 2026

ANN West Africa

IMF Signals Possible New Loan Program for Zambia After August Elections

The International Monetary Fund (IMF) says discussions with Zambia over a potential new financial support program could begin as early as April, but a final agreement is likely to come…

Africa News Now March 6, 2026