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Nixon’s decision to delink the dollar from gold still hounds Africa

South Africa, at the time the world’s largest producer of gold, lost its position as a central player in the international monetary system.

IMF revises outlook for South Africa

The projected 3.1% growth follows a period where economic activity decreased by 7.0% in 2020 compared with 2019 due to COVID-19 pandemic.

New year, new me, new you and new us

It’s heartening to see reports of financial results becoming available that highlight how mining companies weathered 2020.

IMF approves US$487.5 million disbursement for Angola

The decision allows for an immediate disbursement of $487.5 million, bringing total disbursements under the arrangement to $3 billion.

IMF’s policy at odds with green COVID-19 recovery efforts

“If the IMF is serious about the green recovery and a clean and climate-resilient transition they need to start walking the talk themselves."

IMF approves additional US$101.96 million for Malawi

This is the second disbursement under the RCF that brings total IMF COVID-19 emergency support to Malawi to US$193 million.
Trek Metals COVID-19

IMF approves US$152.61 million for Gabon’s COVID-19 efforts

This is the second purchase COVID-19 under the RFI to Gabon. It aims at helping Gabon in meeting its urgent balance of payments needs.
Letšeng lesotho covid-19

IMF approves US49.1 million for COVID-19 support in Lesotho

"The COVID-19 crisis heightens the importance of a steadfast implementation of pro-growth reforms to ensure sustainable and inclusive medium-term growth.”
South Africa coronavirus covid-19

IMF approves US$4.3 billion for South Africa for COVID-19 efforts

The COVID-19 pandemic is evolving in South Africa at a challenging time. With severe structural constraints to growth and economic activity.
Egypt Altus Strategies

IMF approves US$5.2 billion for COVID-19 challenge in Egypt

The IMF has approved a 12-month stand-by arrangement for Egypt, with access equivalent to SDR 3.76 billion (about US$5.2 billion or 184.8% of quota).