The International Monetary Fund significantly changed its assessment of the country’s macroeconomic outlook when it discovered the bilateral loans.
Greece’s latest bailout cleared one of its last hurdles after the German Parliament voted in favor of an aid package of up to 86-billion euros.
Structural reform is no longer regarded as the ‘obvious’ answer to boost growth.
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.
Cosatu is flabbergasted by the International Monetary Fund’s latest report on South Africa, says spokesperson Patrick Craven.
South Africa’s structural problems are holding back growth and job creation, warns the International Monetary Fund.
Dominique Strauss-Kahn, who quit the IMF after being accused of sexually assaulting a maid, has started a new job as an economic adviser.
IMF chief Christine Lagarde has avoided immediate charges but was named ‘assisted witness’ in a case about a state payout to a disgraced tycoon.
The IMF has warned that the repair job on the world’s financial system is partly completed and failure to finish it risks a new phase for the crisis.
Egypt will invite an IMF technical team to reopen negotiations on a $4.8-billion loan deal, says a newspaper report.
IMF chief Christine Lagarde said armed conflicts pose the principal threat to Africa’s future development.
Greece’s international lenders have agreed to give the country two more years to make the cuts demanded of it.
Africa brings a glimpse of hope to the unstable global economy, Finance Minister Pravin Gordhan said on Monday.
Swaziland’s economic woes continue and the International Monetary Fund has forecast a gross domestic product contraction of 1.5%.
What is truly scary about the IMF’s income distribution figures, is that Botswana now has a more unequal distribution of income than South Africa.