The International Monetary Fund has reached a staff-level agreement with Egypt to disburse another $2 billion from the country’s $12 billion extended fund facility, it said on Tuesday.
They also say a falling out between Alassane Ouattara and Henri Konan Bedie, who served as president from 1993 until he was overthrown in a 1999 coup, was perhaps inevitable.
The IMF expects South Africa’s economy to expand 0.8 percent this year, down from a forecast of 1.5 percent in July and by 1.4 percent in 2019, down from a previous estimate of 1.7 percent.
With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 percent for 2018 and 2019.
A European Union election observer mission urged Zimbabwe’s election agency to be more open about the printing and storage of ballot papers to enhance the credibility of a July 30 presidential and parliamentary vote.