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Thursday, Sep 27, 2001

Tanzania - IMF

DAR ES SALAAM

The International Monetary Fund (IMF) has approved a 26 million-dollar loan under a Poverty Reduction and Growth Facility (PRGF) package for Tanzania, the organisation said.
"Tanzania's good performance has encouraged the international community to provide a steady flow of highly concessional assistance and debt relief," the IMF said in a statement released here late Wednesday.
It said the loan was approved by the IMF's executive board in Washington earlier this week. It was the second tranche of a package.
The IMF approved a 174 million-dollar PRGF package in March to be disbursed over a three-year period.
According to the statement, Tanzania's implementation of macro-economic policy reform remained impressive. ...

IMF - Zimbabwe

WASHINGTON

The International Monetary Fund said Tuesday it had barred Zimbabwe from IMF loans or use of its general resources as the country's overdue payments mount.
The IMF executive board "declared Zimbabwe ineligible to use the general resources of the IMF and removed Zimbabwe from the list of countries eligible to borrow resources under the poverty reduction and growth ...

Afghanistan

KABUL

Suspected terrorist Osama bin Laden apparently sent a letter Monday expressing sorrow over the deaths of three people killed last week in anti-U.S. demonstrations in Karachi, Pakistan.
The letter was delivered to the Qatari-based news ...

HongKong - poverty

HONG KONG

Hong Kong is seeing a growing gap between rich and poor as welfare groups warn increased numbers of people are living below the poverty line, reports showed Monday.
"I'm worried the situation will worsen," as the recovery of the ...

Pakistan - US - sanctions

ISLAMABAD

Pakistan Sunday welcomed the US decision to waive sanctions imposed on Pakistan and India after the two South Asian rivals staged tit-for-tat nuclear weapons tests in 1998.
"This is a positive move and I think we appreciate it ...

Burkina - WBank

OUAGADOUGOU

The World Bank announced Saturday it is to lend a further 45 million dollars (49 million euros) to the impoverished state of Burkina Faso next March, to improve health, education and rural development.
The loan follows the ...

IMF - Nepal

WASHINGTON

The IMF on Friday expressed satisfaction with Nepal's economic progress and said the challenge for authorities now is to sustain growth and reduce poverty.
The International Monetary Fund executive board, according to a summary of its recent evaluation of the Nepalese economy, noted that overall growth in gross domestic product surged from 4.5 percent in 1998-1999 to 6.5 percent in
Output is expected to slip back to 5.5 percent in the 2000-2001 fiscal year in response to higher oil prices and a decline in tourism earnings.
Consumer ...

US - attacks - Pakistan - IMF

ISLAMABAD

The IMF is looking favourably at Pakistan's request for a 2.5-billion-dollar loan, as Islamabad braces for the economic fallout of possible US military strikes against Afghanistan, a UN official said Friday.
UN Development ...

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