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IMF

The International Monetary Fund (IMF) is a multilateral financial institution established in 1944 to promote global monetary cooperation, financial stability, international trade and sustainable economic growth. Headquartered in Washington DC, the IMF has 190 member countries and is governed by a board representing those members, with voting power broadly proportional to economic size. Its core functions include surveillance of the global economy, provision of financial assistance to countries facing balance-of-payments difficulties and capacity-building through technical assistance and training. The IMF provides loans to member states experiencing economic crises or structural challenges, typically attaching policy conditions aimed at restoring fiscal sustainability and macroeconomic stability. These conditions often include measures such as fiscal consolidation, subsidy reform, exchange-rate adjustments and structural reforms. The institution plays a significant role in African economies, where many countries have drawn on IMF programmes to manage debt, stabilise currencies and implement economic reforms. Critics argue that IMF conditionality can impose austerity measures that disproportionately affect vulnerable populations, while supporters contend that the institution provides essential financing and policy guidance during crises. The IMF works closely with other international bodies, including the World Bank and regional development banks. Its influence on economic policy in developing and emerging markets remains substantial, particularly in countries reliant on external financing.

IMF Updates


US notifies WTO of import surcharges
29th May 2026 By: Riaan de Lange

At the World Trade Organisation’s (WTO) Committee on Balance-of-Payments (BoP) Restrictions meeting on May 5, its members discussed the US’s new notification regarding the imposition of import... 


Thriving through uncertainty: why human-centred strategy is Africa’s competitive advantage
Thriving through uncertainty: why human-centred strategy is Africa’s competitive advantage
21st May 2026

By: Yewande Ayowole‑Oso - Talent Leader for Sub-Saharan Africa at Schneider Electric In a challenging economic climate, no organisation across Sub‑Saharan Africa is immune to shifting market... 


Sars Commissioner Johnstone Makhubu
South Africa says war puts R2-trillion revenue goal at risk
8th May 2026 By: Bloomberg

South Africa’s newly appointed tax commissioner warned that the Iran war could undermine the government’s ability to meet its revenue targets, as rising fuel prices drive costly subsidies and... 


Flight paths and fault lines
8th May 2026 By: Martin Zhuwakinyu

There was a time when Taiwan counted several African countries among its allies. Now, only one remains, and even that final relationship is so constrained that its leader cannot freely visit,... 


IMF says Middle East war should spur faster adoption of renewable energy
IMF says Middle East war should spur faster adoption of renewable energy
1st May 2026 By: Terence Creamer

The International Monetary Fund (IMF) says the war in the Middle East, which has precipitated an energy crisis similar in scale to the 1970s oil crisis, should spur countries to accelerate their... 


Developing countries launch borrowers' platform for collective voice on debt – Unctad
16th April 2026 By: Schalk Burger

Developing countries have launched the Borrowers’ Platform that brings together finance Ministers and central bank governors from developing countries to strengthen debt management capacity,... 


The Citibank logo on an office building
Uganda appoints Citibank to mobilise funds for €2.7bn railway project
16th April 2026 By: Reuters

Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned €2.7-billion ($3.19-billion) Standard Gauge Railway (SGR) project. In a post on the X... 


IMF says war should spur faster adoption of renewable energy
IMF says war should spur faster adoption of renewable energy
15th April 2026 By: Terence Creamer

The International Monetary Fund (IMF) says the war in the Middle East, which has precipitated an energy crisis similar in scale to the 1970s oil crisis, should spur countries to accelerate their... 


President Cyril Ramaphosa
South Africa wins record investment pledges, but delivery gap persists
14th April 2026 By: Reuters

South Africa's latest investment conference secured record commitments, but official data show that less than half of past pledges have materialised and turned into economic activity. The sixth... 


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