IMF

Africa Oil & Gas: IMF’s Lagarde Urges Angola to Lower Dependence on Oil

Posted on December 28, 2018December 28, 2018 by Mozambique Resources Post

(Bloomberg) — Angola, Africa’s second-biggest oil producer, should lower the economy’s dependence on oil and its vulnerability to the commodity’s price fluctuations so that enough resources can be made available to improve living standards in the nation, International Monetary Fund Managing Director Christine Lagarde said.

Mozambique Oil & Gas: “Gas will make economy grow by 11.1% in 2023” – IMF

Posted on October 11, 2018 by Mozambique Resources Post

Mozambique’s economy is expected to grow at a rate of 11.1 percent by 2023, by which time the exploitation of natural gas deposits in the north of the country is expected to have begun, according to the latest forecasts by the International Monetary Fund.

Africa Mining: Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

Posted on August 26, 2018August 26, 2018 by Mozambique Resources Post

ACCRA – Ghana’s opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country’s debt burden, it said on Thursday.

Africa Oil & Gas: “More energy reforms needed,” – IMF tells Egypt

Posted on August 22, 2018August 22, 2018 by Mozambique Resources Post

The Egyptian economy continued to improve in 2018, according to the organisation, but further measures are needed.

Africa Mining: “Guinea GDP growth surges on mining sector rebound” – IMF

Posted on May 4, 2018 by Mozambique Resources Post

Guinea’s economy expanded by more than 8% in 2017 and is on track to grow by around 6% this year on the back of a rebound in the mining sector, the International Monetary Fund (IMF) said on Wednesday.

Africa Oil & Gas: IMF Warns Nigeria Of Possible Crash In Oil Prices

Posted on April 18, 2018 by Mozambique Resources Post

The International Monetary Fund (IMF) has warned Nigeria and other oil-dependent countries of a possible crash of the prices of crude oil in the near future.

Mining: Africa Breaks Ranks With World Bank and IMF On Coal

Posted on April 9, 2018 by Mozambique Resources Post

Abuja — The African Development Bank (ADB) is set to back coal-fired projects in Nigeria, Kenya and Senegal in a departure from the International Monetary Fund (IMF) which has a ban on fossil fuels. Kenya is developing a one-gigawatt generator near Lamu on the coast, using the latest clean-coal technology but the World Bank and IMF have refused to engage on the project. They have also banned funding to South Africa’s Eskom for coal plants….

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