Zambia wins crucial IMF backing for $1.3bn program
03 September 2022 | 11:22 am
Zambia took a crucial step closer on Wednesday to restructuring its debts and rebuilding its ravaged economy. The International Monetary Fund said in a statement that it had approved a $1.3 billion, 38-month loan program with the southern African country.
The negative economic effects from Russia's invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries.
French President Emmanuel Macron defeated his far-right rival Marine Le Pen by a comfortable margin in Sunday's election, early projections by four pollsters showed, securing a second term and heading off what would have been a political earthquake.
Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that government measures were moving the country in the right direction.
Europe's annual song and dance extravaganza wasn't short on either entertainment or pyrotechnics, but voting remained nail-biting until the end.
Former Somali leader Hassan Sheikh Mohamud won the presidency again on Sunday in a vote by parliamentarians behind blast walls in an airport hangar as a popular election remains impossible in the conflict-wracked nation.
World number one Novak Djokovic claimed his first title in over six months after beating Stefanos Tsitsipas 6-0 7-6(5) to win the Italian Open on Sunday. Djokovic did not drop a set en route to the final in Rome, having picked up his 1,000th tour-level victory by beating Casper Ruud in the semi-final to book a clash with Tsitsipas - a repeat of last year's French Open final, which the Serb won.
The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.
Italians poured into the streets and squares of Rome in massive numbers on Wednesday as the A.S. Roma soccer team defeated Feyenoord to win the Europa conference league final.
The crude satire exploring notions of beauty and privilege won its director one of cinema's most prestigious prizes for the second time. Other films to win top honors include "Close" and "Stars at Noon."
Voters in Colombia decided between leftist Gustavo Petro and businessman Rodolfo Hernandez, whose sudden rise prompted comparisons with Donald Trump.
The International Monetary Fund has concluded "constructive" talks with the government of Sri Lanka over a possible bailout. The island is facing its worst economic crisis on record, with protests over food, fuel and medicine shortages. Also on the show: why France is faring better than its neighbours when it comes to inflation. Plus FRANCE 24's Madrid correspondent Sarah Morris reports on the Spanish companies suffering from a diplomatic spat with Algeria.
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