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IMF anticipates worst economic blow since the Great Depression

In its latest World Economic Outlook, the IMF has slashed its previous growth forecast as the coronavirus pandemic takes an ever bigger toll. Uncertainty prevails as no one knows when the crisis will be over.

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18 Apr 2020
In its latest World Economic Outlook, the IMF has slashed its previous growth forecast as the coronavirus pandemic takes an ever bigger toll. Uncertainty prevails as no one knows when the crisis will be over.
19 Apr 2020
The Executive Board of the International Monetary Fund has approved one billion dollars for Ghana to address the COVID-19 pandemic. The funds will be drawn under the Rapid Credit Facility. Samuel Kofi Ampah, Head of Research at Groupe Nduom joins CNBC Africa to discuss the growing implications of the COVID-19 pandemic on Ghana’s economy.
15 Apr 2020
The Managing Director of the International Monetary Fund, Kristalina Georgieva says the fund is working hard to respond to Nigeria’s request so that a proposal can be considered by the IMF’s Executive Board as soon as possible. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed had disclosed that Nigeria had applied to IMF’s Rapid Credit Facility. Kyari Bukar, Former Chairman of the Nigeria Economic Summit Group joins CNBC Africa more.
19 Apr 2020
As part of efforts to tackle the Covid-19 pandemic, the International Monetary Fund has approved $500 million to cancel six months of debt payments for 25 countries, nineteen of them in Africa. Also, in DR Congo, the Gombe commune in the capital Kinshasa has been isolated from other neighbourhoods. It's suspected of being the epicentre of cases in the country, as our correspondent reports. And finally, a group of volunteers in Dakar are spreading the word about how people can slow down the spread of Covid-19. Our Observers team reports.
18 Apr 2020
Besides granting emergency credits to some, the IMF has decided to provide debt relief for poorer nations under its Catastrophe Containment and Relief Trust (CCRT). Are we talking about real help or just symbolism?
19 Apr 2020
As part of efforts to tackle the Covid-19 pandemic, the International Monetary Fund has approved $500 million to cancel six months of debt payments for 25 countries, nineteen of them in Africa. Also, in DR Congo, the Gombe commune in the capital Kinshasa has been isolated from other neighbourhoods. It's suspected of being the epicentre of cases in the country, as our correspondent reports. And finally, a group of volunteers in Dakar are spreading the word about how people can slow down the spread of Covid-19. Our Observers team reports.
20 Apr 2020
We look at how the IMF and the World Bank are planning to alleviate the economic impact of the coronavirus pandemic in Africa. The head of the IMF, Kristalina Georgieva, has been speaking to FRANCE 24
6 May 2020
Here is why you should pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Thursday.
7 Jun 2020
So far, Africa has had more than 160,000 confirmed infections and nearly 5,000 deaths from COVID-19. Many experts believe the continent is only in the early stages of the pandemic. Economies are already affected.
25 Jul 2020
As the global economy faces an unprecedented recession, there are warnings that women are bearing the brunt of economic damage. The International Monetary Fund says that three decades of progress towards gender equality is at risk of being wiped out. Women are less likely to be able to work from home, and more likely to be fired during the pandemic. Data indicate they're also picking up more household and family care duties.
29 Jul 2020
In tonight's edition: The International Monetary Fund says it had approved $4.3 billion in aid to South Africa to help the country fight the coronavirus pandemic. South Africa has the largest number of detected Covid-19 cases. Also, Tunisian-French lawyer Gisèle Halimi has died in Paris at the age of 93. The feminist activist, who fought for women's rights in France, initially became known for her struggle in favour of the independence movements in Tunisia and Algeria. And finally we meet Fatou Kiné, one of the few sheep breeders in the Senegalese capital.
31 Jan 2021
The IMF voiced optimism about the global economy, yet emphasized true recovery will depend on mastering the coronavirus pandemic. The institution warned uneven vaccine distribution could hurt emerging markets.