Updates

IMF Managing Director Christine Lagarde Letter to Greece Prime Minister Alexis Tsipras

His Excellency Mr. Alexis Tsipras Prime Minister of the Hellenic Republic Athens, Greece Dear Prime Minister, Thank you for your letter of April 2, in which you ask about the IMF’s position regarding the program negotiations with Greece. My view of the ongoing negotiations is that we are still a […]

Greece demands IMF explanation over leaked debt transcript

Sat Apr 2, 2016/Reuters By Lefteris Papadimas Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country’s bailout as a tactic to force European lenders to more offer debt relief. EU/IMF lenders will […]

AfDB Group announces US $549-million drought response package for Eastern and Southern Africa

April 1, 2016/AfDB The African Development Bank (AfDB) Group President, Akinwumi Adesina, announced Friday a relief package of US $549 million in support of 14 countries most affected by the ongoing drought in Eastern and Southern Africa. The AfDB acknowledged the severe impact of the El Niño weather pattern that is […]