Dar es Salaam — THE World Bank International Monetary Fund (IMF) reforms to the Debt Sustainability Framework for Low-Income Countries offer African governments an opportunity to strengthen debt management while protecting resources needed for development and job creation. The reforms come at a critical time, as governments balance the need to finance infrastructure, industrialisation, climate…
BANGKOK, THAILAND – OCTOBER 16: The International Monetary Fund (IMF) and World Bank Group annual meetings at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, on October 16, 2026. Matt Hunt | Anadolu | Getty Images The world’s finance chiefs spent last week in Bangkok debating the biggest risk facing the global economy…
The Speaker of Parliament, Alban Sumana Bagbin, has called for a fundamental change in the African mindset, saying the continent cannot continue to “grow from the future to pay for the past”. He said a change in attitude was crucial to Africa’s progress, particularly in addressing its debt burden and building sustainable economies. Mr Bagbin,…
Nairobi — The African Union (AU) will push for reforms to the global financial system, improved debt resolution mechanisms and stronger financial independence for the continent during the 2026 International Monetary Fund (IMF)-World Bank Annual Meetings in Bangkok, Thailand. The meetings, scheduled for October 12-18, will provide a platform for the AU to advance Africa’s…
Nutun says its agentic AI debt collector Zoey serves to augment the workforce rather than replace it. (Image source: iStock) Global business process outsourcing (BPO) and credit-lifecycle management company Nutun is readying its agentic artificial intelligence (AI) debt collector Zoey for global deployment in November. This, after the South African operations served as an innovation…
“It is a system of rules. If we are able to come together and rewrite those rules, the truth is that we will always have restructuring to clear the debt. But as we clear the debt, it creates room for more debt to come in.” Across Africa, rising debt burdens and the high cost of…
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the final close of EIG Senior Infrastructure Debt Fund VI (“SIDF VI”) at $1.9 billion, nearly double the size of its predecessor fund. Together with $2.1 billion committed to single investor vehicles, this exceeds the strategy’s original $3 billion target and…
Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board. The deal follows months of negotiations after the…
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They spoke at the sixth African Conference on Debt and Development (AfCoDD VI), organised by the African Forum and Network on Debt and Development (AFRODAD) in Nairobi, Kenya. . African countries need better systems for tracking public debt and stronger parliamentary scrutiny of government borrowing, said some development experts said on Wednesday. They spoke at…
