By sserwadda ronald According to the International Monetary Fund (IMF), Kenya is set to become the fourth largest economy in sub-Saharan Africa this year, overtaking Angola. Kenya will follow South Africa, Nigeria, and Ethiopia as the largest economies in the region. The forecast sees Kenya maintaining that position until the end of 2029. Last…
Tag: IMF
Uganda and IMF Reach Staff-Level Agreement on a Three-Year US$1 billion Financing Package
By E K Benj updated at 0956 GMT on Friday 4th June 21 Washington, DC: A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted virtual missions to Uganda from February 2-March 5 and from May 25-May 28, 2021 to discuss a 36-month program under the Extended Credit Facility. At…
IMF Approves $18 B in 50 requests for Emergency Pandemic Aid; Uganda, Kenya get $ 1.23 B.
By E. K Benj. The International Monetary Fund has approved requests for emergency pandemic aid from 50 of its 189 members for a total of about $18 billion and is continuing to work quickly through the remaining more than 50 requests, an IMF spokesman said on Thursday. The IMF’s executive board was working through requests…
HICGI News Agency 