Jamaica secures $6.7bn for hurricane recovery and reconstruction plan
Up to $3.6bn in government financing included, with major contributions from global financial institutions.
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From: The Stream
How do global perceptions of Africa affect the continent?
We examine how negative global perceptions of the African continent affect its economies and the lives of its people.
Published On 9 Feb 2025
The Global South’s poor should not be subsidising the IMF
The IMF is making the polycrisis we are facing even worse by forcing its most indebted borrowers to pay surcharges.
IMF loan offers Pakistan relief but long-term reforms remain a challenge
The $7bn loan is a lifeline for Pakistan’s struggling economy, but experts say the country needs fundamental changes.
![Pakistan has secured a 37-month-long, $7bn loan from the IMF but analysts say the government must take steps to protect the poor [Akhtar Soomro/Reuters]](/wp-content/uploads/2024/09/2024-09-12T114452Z_1196412525_RC2W88ADC54N_RTRMADP_3_PAKISTAN-ECONOMY-CENBANK-1727339405.jpg?resize=770%2C513&quality=80)
IMF approves $7bn funding agreement for Pakistan
Approval comes more than two months after international lender and Islamabad said they had agreed on programme.
![Prime Minister Shehbaz Sharif told Pakistani media that the country had fulfilled all of the lender's conditions [File: Rahat Dar/EPA]](/wp-content/uploads/2024/02/SS-Rahat-Dar-1709120887.jpg?resize=770%2C513&quality=80)
EXPLAINER
Marxist-leaning Dissanayake wins Sri Lanka’s election: What’s next?
From an IMF deal he wants to renegotiate to parliamentary elections, president-elect faces key challenges.
Curfew imposed in Sri Lanka amid counting of votes in presidential election
Election being seen as referendum on Ranil Wickremesinghe who has restored some economic stability in crisis-hit nation.
Is Pakistan’s $7bn IMF bailout package in trouble?
Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.
Egypt raises fuel prices to lock in IMF loan tranche
Petrol will cost up to 15 percent more from Friday.
EXPLAINER
What do the IMF and foreign debt have to do with Kenya’s current crisis?
Critics say IMF provides loans to desperate African countries on stringent terms, disproportionately affecting the poor.
Poverty in Lebanon more than tripled in past decade: World Bank
Report shows country has slid into a protracted financial crisis, with Syrian refugee population hit particularly hard.
