IMF Archives

IMF to Approve $3 Billion Loan for Ethiopia

December 11, 2019December 11, 2019TesfaNewsLeave a Comment

BY FINANCIAL TIMES The IMF is poised to approve a loan of almost $3bn for Ethiopia as part of a program to provide balance of payments support for the cash-strapped economy as well as technical assistance for the government’s liberalization agenda.

Inflation in Sudan Rises to 66.94 Percent

September 17, 2018TesfaNewsLeave a Comment

BY SUDAN TRIBUNE Sudan’s inflation rate has risen to 66.82% in August compared to 63.94% in July, reported the Central Bureau of Statistics (CBoS) in its monthly bulletin on Saturday.

IMF Chief to Visit Ethiopia as Hard Currency Crunch Harming Economy

December 7, 2017TesfaNewsLeave a Comment

BY ENGIDU WOLDE | ESAT NEWS Shortage of foreign currency, dwindling export trade and foreign investment are having a crippling effect on the country’s economy at a time when IMF’s director is expected to pay a working visit to Ethiopia. According to a well-placed source, the foreign currency reserve in the coffers is only about […]

How the World Bank and the IMF Destroy Africa

January 11, 2015TesfaNews1 Comment

By Africa W, THE World Bank and the International Monetary Fund (IMF) were set up during the end of the World War II to rebuild the economies of Europe. However, in order for the world bank and the IMF to implement their policies, they began offering loans to poor countries but only if the poor […]

Ethiopia’s 50% Unemployment Pushes Youth to Extremes

July 12, 2013July 13, 2013TesfaNews16 Comments

By TesfaNews, Recently we have been witnessing two self-contradictory statements that describe Ethiopia’s economic growth. One calls Ethiopia as one of the world’s fastest growing economies and the other as a country with more than half of its young workers out of a job. Both statements cannot be true at the same time as it […]

Another Kenyan Stolen Election

May 21, 2013May 21, 2013TesfaNewsLeave a Comment

Will the election of an ICC indicted Kenyan president defines President Barack Obama in Africa or will President Barack Obama use the election of Kenyatta to define his human rights policy in Africa? By Thomas C Mountain, That the fix was in was confirmed when the Godfather himself, son of a Kenyan, Barack Obama, called Uhuru […]

Ethiopia and IMF Disagree on GDP Figures

January 15, 2013November 15, 2014TesfaNews8 Comments

By TesfaNews, After cooking the books for the past several years to make hyperbolic claims of economic growth, the Ethiopian government finds itself, again, at odds with the International Monetary Fund over this year’s projected GDP growth figures. The IMF says Ethiopia’s economy will grow by 6.5 percent in 2013 while the government insisted a […]