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Tag Archives: World Bank

Kenya’s central bank cuts benchmark lending rate again

29 April 2020, 7:01 PM

Kenya’s central bank cut its benchmark lending rate again on Wednesday, to 7.0% from 7.25%, saying measures to tackle the impact of the coronavirus were having an effect but it needed to do more due to the adverse economic outlook.

Nigeria seeks $2.36 bln in domestic loans; external markets unfavourable

28 April 2020, 4:25 PM

Nigeria’s President Muhammadu Buhari is seeking approval to borrow 850 billion naira ($2.36 billion) from the domestic capital markets to fund the 2020 budget, according to a request read in the upper house of parliament on Tuesday.

‘Government must exhaust internal avenues before requesting for IMF help’

27 April 2020, 12:06 PM

EFF leader, Julius Malema, has called on government to first exhaust all internal avenues, to help save the country from the negative economic impact of the coronavirus, before requesting for funding from the International Monetary Fund and the World Bank.

IMF, World Bank urge action to cover $44 bln gap in Africa’s pandemic needs

18 April 2020, 1:19 AM

African leaders, the IMF and the World Bank on Friday appealed for rapid international action to help African countries respond to the coronavirus pandemic that will cause the continent’s economy to shrink by 1.25% in 2020, the worst reading on record.

IMF’s Georgieva underscores need to help Africa, other emerging markets

17 April 2020, 9:43 AM

International Monetary Fund chief Kristalina Georgieva urged governments and the private sector to step up their efforts to help African countries and other emerging markets weather the economic and health impacts of the coronavirus pandemic.

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