Prime Minister Alexis Tsipras braved a revolt in his political party as Parliament in Athens began to debate a bailout of up to €86-billion.
Greece reached an agreement with its creditors over the reforms needed to start talks for a third bailout in five years and remain in the euro.
Alexis Tsipras and his creditors sparred heading into Sunday's referendum on austerity as a poll suggested voters are inclined to accept deeper cuts.
European leaders wait for signs that Prime Minister Alexis Tsipras is ready to compromise as Greece fails to make its IMF payment.
The euro leapt, Greek bond yields fell, but nothing actually changed in another day of talks with international creditors.
The International Monetary Fund says environmental costs and taxes borne by society for fossil fuels are R63-trillion a year, or R2-million a second.
But a fiscal consolidation plan should ease the pressure on the country's currency in the longer term.
They argued that the World Bank and the IMF cannot solve the world's economic problems, and "a new global economic order" must be built.
An unusual internal report links shrinking union power to growing inequality – but don't be fooled.
The inflation rate has dropped to 5.3% because of the lower oil price, but consumers shouldn’t embark on a spending frenzy just yet.
According to the International Monetary Fund the government of President Robert Mugabe is deep in arrears and out of sorts.
The IMF and World Bank will hold their annual meetings this week, with key global economic reports being released in the run up to these events.
The IMF will update its global economic outlook this week, while investors look at a rates decision in Nigeria and inflation numbers in South Africa.
The largest emerging economies will push ahead with a $50-billion development bank to provide alternative funding for the Brics countries.
The International Monetary Fund is looking to cut its expectations of South Africa's GDP growth this year, a senior official has hinted.
From Nigeria becoming Africa's largest economy to the US government releasing its monthly budget statement, here are this week's economic highlights.
Emerging markets have been hit, but not hard enough for the rest of the world to feel the burn, say analysts.
Mozambique has attempted to reassure investors that a state-backed bond to pay for tuna trawlers is not being used to buy military equipment.