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In the halls of power in Monrovia and the boardroom of the International Monetary Fund in Washington, today marks a pivotal moment for the Republic of Liberia. The approval of a 21-month, $266 million funding arrangement is more than just a line of credit; it is a rigorous, structured attempt to bulletproof an economy that […]
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In the bustling Gikomba market on the eastern edge of Nairobi, Wanjiru Kamau has sold cooking oil, flour, and maize for nearly two decades. She knows, in the way only a market trader can, when the world has shifted. In early 2026, she felt it again — the kind of creeping, wordless squeeze that no […]
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On Monday, President Emmerson Mnangagwa hosted a conference with creditors and finance executives to discuss his administration’s plans for addressing Zimbabwe’s $12.7 billion external debt, which accounts for 81% of the country’s GDP. He revealed ongoing negotiations for a Staff Monitored Program (SMP), a prerequisite for embarking on much-needed policy reforms, with the International Monetary […]
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Governments, IMF Should Invest in Universal Social Security Alfredo Akeyo fixes electronics for a living in Mathare, Kenya. Last year, he earned around 12,000 Kenyan shillings (around US$80) per month, barely enough to provide for his three children. Now, he is lucky if he earns half that amount. “It means that sometimes we eat one […]
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Curated by Standard Bank’s Head of Global Markets Standard Bank recently gathered central bank governors from across the continent to discuss the key macroeconomic themes faced by African economies. The articles below, curated by Standard Bank’s Guido Haller reflect the key themes discussed by the central bankers at this pivotal convening. With sovereign debt restructuring […]
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By Busani Bafana African countries, many reeling under high debt and experiencing economic recession, could benefit from the reallocation of Special Drawing Rights (SDR), financial instruments of the International Monetary Fund (IMF). SDRs are interest-bearing units of accounts created by the IMF in 1969 to increase the official reserves of member countries. External shocks that have […]
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