The reforms approved by the IMF’s Executive Board seek to ensure that the Fund can flexibly support Low Income Countries (LICs’) financing needs during the pandemic and the recovery while continuing to provide concessional loans at zero interest rates. The centerpiece of the approved policy reforms is a 45 percent […]

South Africa could face a dystopian technological future, unless moves are made to harness technology for societal good now. July 19, 2021/ITP Communications This is according to Johan Steyn, chair of the Institute of Information Technology Professionals South Africa (IITPSA) Special Interest Group on AI and Robotics (SIGAIR), who was speaking […]

July 12, 2021/IMF On July 9, IMF Managing Director Kristalina Georgieva submitted her proposal for a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion to the Board of Governors for its approval. The proposal follows the Executive Board discussion of the general allocation of SDRs on June […]