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.
Bangladeshi garment workers protest to demand payment of wages, April 2020.
When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention…
COVID-19 public health measures are stalling economic activity.
Governments worldwide have put in place economic and tax relief measures to mitigate the impact on businesses and workers of drastic public health measures in response to the COVID-19 pandemic
High street pawnbrokers are closing, which means less options for financial help.
Tony Baggett/ Shutterstock
The closure of high street pawnbrokers like Albermarle and Bond might leave many without financial help.
Credit cards sometimes charge exceptionally high interest rates.
The lawmakers have proposed capping interest rates on consumer loans at 15%, but doing so may hurt some of the people it's aiming to protect.
Does a few more trillion make a difference?
AP Photo/Manuel Balce Ceneta
Although US debt may be at eye-popping levels, an economist explains why it shouldn't keep you up at night.
What the ‘credit’ in Universal Credit actually means.
The concept of Universal Credit reveals something wider about the UK's current political fixation on debt.
The women elected to the 2019 congress pose for a photo.
After a year of headlines and ousted CEOs, Congress has yet to pass a single piece of legislation on sexual harassment – let alone hold a hearing. That may change as lawmakers get to work in 2019.
Research suggests that women enterprises in Tanzania are shy to take up business loans.
Women-owned small business in Tanzania stay away from formal loans because of their negative beliefs about loans.
Kenya’s debt levels are rising at an alarming rate.
Kenya's heavy debt burden is worrisome and could damage its economy in the long-term.
It’s all about money.
Most people agree that children should be taught to manage money — but who decides what they learn, and who is responsible for teaching them?
South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF.
The governor of South Africa's Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up?
Small loans from governments and philanthropists are often held up as a route out of poverty. But proper research into whether they work is thin on the ground.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
IMF Managing Director Christine Lagarde at the “G20: Compact With Africa”.
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.
In the US "liar loans" have been identified as one of the key reasons behind the 2008 financial crisis. But how big a problem are poor loan checking practices in Australia?
Questions have been raised over why Adani is in line for public money.
AAP Image/Lukas Coch
The proposed loan of Commonwealth money to Adani is on shaky constitutional ground, potentially paving the way for High Court challenge which could change the dynamics of federal-state funding.
Most new cars are now bought on credit.
Billions are being loaned against some fast depreciating assets. It could end in an almighty car crash.
The International Monetary Fund's view of how to fix South Africa's economy deserves to be seriously considered.
Indian and Chinese representatives mark the launch of the New Development Bank.
EPA/XING ZHE CHINA OUT
The BRICS New Development Bank has promised to change the world of multilateral development funding but has so far failed to live up to expectations.