Tag Archives: International Monetary Fund

18Sep/17

Bank of England’s Carney sees Brexit pushing up inflation, rate rise likely

WASHINGTON, D.C., UNITED STATES (SEPTEMBER 18, 2017) (IMF TV) – Bank of England Governor Mark Carney said on Monday (September 18) that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. Continue reading

12Dec/16

IMF’s Lagarde stands trial over state payout

International Monetary Fund chief Christine Lagarde stands trial for her role in a 400 million euro payout as French finance minister in 2008 to businessman Bernard Tapie, at the Cour de Justice de la Republique, saying she is confident she has done nothing wrong. Mia Womersley reports. Continue reading

24Oct/16

Zimbabwe cash shortage brings back ‘bad memories’

Zimbabwe’s fragile economic situation is lurching towards fresh depths amid indications that United States dollar denominations are disappearing from circulation. The development has triggered speculation of a conspiracy to wipe out US dollar notes to pave way for the planned introduction of bond notes, a local currency by the government. Last week Zimbabwe cleared its 15-year-old financial arrears with the International Monetary Fund, a first step towards a new IMF loan program for the cash-starved country.
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25Aug/16
Zambia IMF Programme

Fitch: Zambia IMF Programme Still Likely But Timing Uncertain

HONG KONG/LONDON, August 25 (Fitch) – The opposition’s decision to challenge the result of Zambia’s recent presidential elections will delay agreement on IMF support, although we think a programme is still likely after groundwork was laid earlier this year, Fitch Ratings says.
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17Aug/16

Zambian president’s inauguration delayed until court rules on vote

Law bars inauguration while court challenge pending.
Lungu won 50.35 pct against 47.63 pct for Hichilema
Main opposition party to dispute outcome in court
Lungu says ‘no time for honeymoon’ to rebuild economy
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