Debt
UMB’s Overview of Ghana’s Extended Credit Facility with the International Monetary Fund.
As part of Ghana’s economic recovery process, the Government of Ghana sought the assistance of the International Monetary Fund (IMF) on September 26, 2022, for a 36-month Extended Credit Facility Program worth USD 3 billion. Following extensive stakeholder engagements, the IMF board approved the disbursement of the first tranche amounting to USD 600 million on…
RWANDA REPAYS $400 MILLION EUROBOND DESPITE ECONOMIC PRESSURES
Rwanda has faced multiple pressures on her finances brought on by ongoing global shocks linked to the prolonged impact of the Covid-19 pandemic, the war in Ukraine, and the appreciation of the US dollar. However, this did not deter the East African Nation from successfully repaying its $400 million Eurobond. According to information obtained by…