This week South Africa’s finance minister Tito Mboweni will deliver the country’s medium term budget review.
Photo by Jeffrey Abrahams/Gallo Images via Getty Images
The IMF wants government intervention on climate change. It’s now abundantly clear Australia’s climate policies are at odds with even the most conservative approach to economic management.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Protesters in Sudan demanding the end of military rule.
EPA-EFE/Stringer
The immediate cause of the economic crisis that brought many thousands of Sudanese onto the streets and continued beyond al-Bashir’s downfall lay in the structure of the economy itself.
Argentines protest the austerity measures of the IMF bailout.
AP Photo/Natacha Pisarenko
A deep recession, a severe drought and a plunging currency have led to the biggest bailout in IMF history. The government hopes it can avoid the meltdowns that followed past crises.
A woman in Venezuela shows off the new two and five bolivar soberano bills.
Reuters/Carlos Garcia Rawlins
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Protesters have set up road blocks to disrupt traffic and commerce along key streets in Port-au-Prince, Haiti’s capital.
AP Photo/Dieu Nalio Chery
After weeks of protest in Haiti, sparked by a sudden rise in fuel prices, at least seven are dead and the prime minister is out. Foreign creditors pushed for the price hike as an austerity measure.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help.
David Fernandez/EPA
Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
President Nana Akufo-Addo of Ghana addresses the United Nations General Assembly, at U.N. headquarters in September 2017.
(AP Photo/Richard Drew)
Ghanaians respond positively to financial appeals from churches compared to how they respond to paying taxes. Here’s how, and why, Ghana’s government should learn from religious groups.
South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF.
Reuters/Mike Hutchings
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies.
AP Photo/Ricardo Mazalan
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Uganda’s small and medium sized enterprises would facilitate firm growth.
REUTERS/James Akena
Europe is experiencing a wave of optimism that its seven-year Greek drama may be finally coming to a close. Only one way to do that: Share Greece’s pain.
Zambia’s president is securing powers to consolidate his political control while generating ‘plausible deniability’ to whether or not he has fatally undermined democracy.
There are fears that Zambia is slipping into authoritarian rule under President Edgar Lungu.
UN Women/Flickr
The IMF’s decision to go ahead with a bailout package for Zambia, despite the government’s democratic failings, could embolden the president to pursue an authoritarian strategy.