Africa would soon have a third seat on the International Monetary Fund (IMF) board of directors to give the continent “a louder voice,” IMF managing director Kristalina Georgieva has announced. Georgieva’s announcement came ahead of Monday’s IMF and World Bank meetings kicking off in Marrakesh, Morocco – the first gathering[Read More…]
Tag: IMF
IMF, WB, EU Should Be Concerned About Gambians’ Uproar Over ‘Corruption’
If the IMF, WB and EU could give Gambia money but with strings attached, they can equally help it deal with corruption. The apparent laisez faire attitude of these financing institutions towards the deepening public perception of official corruption in the country has yet to be understood. Despite pumping millions of[Read More…]
IMF Says Gambia’s Economic Recovery & Tax Collection Weaker Than Anticipated
IMF’s acting board chair Mr. Bo Li said recently that the Gambia’s economic recovery and tax collection are “weaker than anticipated while inflationary pressures and foreign exchange shortages are intensifying”. According to Mr. Li, this situation has been engendered by the ramifications of Russia’s invasion of Ukraine, the Covid-19 hangover[Read More…]
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