Pakistan on Sunday announced that it is taking a series of measures to minimize its administrative expenditures which includes abolishing about 150,000 government posts, closing six...
The World Bank (WB) and the International Monetary Fund (IMF) have, for the first time, confronted damning accusations of reckless lending to Kenya, even as their...
Or as former Bank of England governor Sir Mervyn King wrote in his book, The End of Alchemy: “The world of Bretton Woods passed away a...
“Zimbabwe is currently in debt distress due to the accumulation of external debt payment arrears amounting to US$6.7 billion,” Ncube said. “The external debt overhang is...
Observers backed Adesina’s view, noting that while these loans offer developing countries the funding they need, they can be expensive and subject to commodity price fluctuations,...
The managing director of the International Monetary Fund has called for the securing of jobs for young people in the Mena region as a key driver...
Industrial policy – in the least flattering sense of that term – is back in fashion and even though it is usually associated with state-controlled or...
As the World Bank and the International Monetary Fund gather this week, they will rightfully claim to be at the center of the international financial system,...