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IMF

The International Monetary Fund (IMF) is a multilateral financial institution established in 1944 to promote global monetary cooperation, financial stability, international trade and sustainable economic growth. Headquartered in Washington DC, the IMF has 190 member countries and is governed by a board representing those members, with voting power broadly proportional to economic size. Its core functions include surveillance of the global economy, provision of financial assistance to countries facing balance-of-payments difficulties and capacity-building through technical assistance and training. The IMF provides loans to member states experiencing economic crises or structural challenges, typically attaching policy conditions aimed at restoring fiscal sustainability and macroeconomic stability. These conditions often include measures such as fiscal consolidation, subsidy reform, exchange-rate adjustments and structural reforms. The institution plays a significant role in African economies, where many countries have drawn on IMF programmes to manage debt, stabilise currencies and implement economic reforms. Critics argue that IMF conditionality can impose austerity measures that disproportionately affect vulnerable populations, while supporters contend that the institution provides essential financing and policy guidance during crises. The IMF works closely with other international bodies, including the World Bank and regional development banks. Its influence on economic policy in developing and emerging markets remains substantial, particularly in countries reliant on external financing.

IMF News


IMF logo
IMF says it will take time for energy, commodity prices to normalize after US-Iran deal
26th June 2026 By: Reuters

The International Monetary Fund (IMF) said on Thursday it has seen energy and commodity prices fall since the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but it will take... 


An image of graphite
Structural challenges cloud Mozambique’s graphite potential
5th June 2026 By: Nadine Ramdass

Although Mozambique possesses significant long-term potential in critical minerals – particularly graphite – persistent structural challenges continue to raise concerns among investors on the... 


Thriving through uncertainty: why human-centred strategy is Africa’s competitive advantage
Thriving through uncertainty: why human-centred strategy is Africa’s competitive advantage
21st May 2026

By: Yewande Ayowole‑Oso - Talent Leader for Sub-Saharan Africa at Schneider Electric In a challenging economic climate, no organisation across Sub‑Saharan Africa is immune to shifting market... 


IMF says Middle East war should spur faster adoption of renewable energy
IMF says Middle East war should spur faster adoption of renewable energy
1st May 2026 By: Terence Creamer

The International Monetary Fund (IMF) says the war in the Middle East, which has precipitated an energy crisis similar in scale to the 1970s oil crisis, should spur countries to accelerate their... 


Photo of Terence Creamer
Supply lines
1st May 2026 By: Terence Creamer

South Africa has not escaped the fuel price shocks associated with disruptions to shipping in the Strait of Hormuz energy corridor and the damage to refinery and other infrastructure in the Gulf.... 


A generic image of a farmer carrying a sack
Conflict in Middle East could cost Africa 0.2 percentage points in economic growth in 2026
17th April 2026 By: Lumkile Nkomfe

A joint policy document presented by continental body the African Union (AU) Commission, multilateral development finance organisation the African Development Bank Group (AfDB), regional... 


Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
Basic Fuel Price formula in focus amid dramatic shift in South Africa’s supply sources
17th April 2026 By: Terence Creamer

The Department of Mineral and Petroleum Resources (DMPR), which is now preparing for a prolonged period of fuel supply and pricing pressure as a result of the damage to energy infrastructure during... 


IMF cuts South Africa’s growth outlook amid mounting war-linked energy crisis
IMF cuts South Africa’s growth outlook amid mounting war-linked energy crisis
14th April 2026 By: Terence Creamer

The International Monetary Fund (IMF) has cut its 2026 growth projection for the South African economy to only 1% from a January projection of 1.4%, as it warned that the outbreak of war in the... 


IMF signage
IMF cuts growth outlook, warns of potential global recession if Iran war worsens
14th April 2026 By: Reuters

 The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of... 


IEA CEO Fatih Birol
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls
14th April 2026 By: Reuters

The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they... 


An image from the BRICS summit in South Africa
BRICS Plus countries increase gold reserves to more than 6 000 t
7th April 2026 By: Tasneem Bulbulia

Members of the BRICS Plus trade bloc now hold over 6 000 t of gold, representing about 17.4% of total global central bank reserves, up from 11.2% in 2019, financial services group EBC Financial... 


Military action by Israeli in Beirut
World Bank, IMF, IEA to coordinate response to Middle East war's economic, energy impact
2nd April 2026 By: Creamer Media Reporter

The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank have announced in a joint statement that they will form a coordinated group to maximise... 


South Africa urged to ease regulatory burden for  companies to boost growth, employment
South Africa urged to ease regulatory burden for companies to boost growth, employment
27th March 2026 By: Sabrina Jardim

International financial institution the International Monetary Fund (IMF) has reported that, while South Africa’s economy has shown resilience in 2025, growth remains too low to significantly... 


Platinum
Goldman expects wave of South Africa deals fuelled by commodities
10th February 2026 By: Bloomberg

Goldman Sachs Group expects a busy year of deals for South Africa as the continent’s largest economy starts to benefit from structural reforms and rides a commodities-boom wave. “We expect activity... 


Photo of Terence Creamer
Central defensive midfield
30th January 2026 By: Terence Creamer

In his prime, it was typical for fans of those teams in which French international footballer N'Golo Kanté played, including Chelsea, to quip that “70% of the Earth is covered by water, the rest by... 


Chinese yuan banknotes
China plants another Africa marker in campaign to globalise yuan
19th January 2026 By: Bloomberg

Zambia is the first African country to let Chinese mining companies pay taxes in yuan. It probably won’t be the last, as Beijing seeks to internationalize the currency and dilute its dollar... 


Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
18th December 2025 By: Reuters

Guinea's Simandou mega mining project, promoted by the military government as a symbol of the country's economic transformation, is laying off thousands of workers just as it begins exporting... 


High electricity prices to continue putting pressure on mining, smelting, says Minerals Council
13th November 2025 By: Schalk Burger

The improvement in the performance of State-owned Eskom’s ability to supply electricity and the uptick in Transnet’s operational performance bode well for mining, but the sector faces the threat of... 


The Simandou project area
Rio Tinto ramps up Simandou stockpiles to 2Mt for first shipment
17th October 2025 By: Reuters

Rio Tinto has stockpiled two-million metric tons of high-grade iron ore at its Simandou project in Guinea for a mid-November shipment, three sources told Reuters, which would be the first from the... 


Ghana gold mine
State-run gold body has boosted Ghana's foreign reserves, central bank chief says
17th October 2025 By: Reuters

Ghana's central bank has rebuilt its foreign reserves to the equivalent of four and a half months of import cover after they were nearly depleted during a 2022 economic crisis, Governor Johnson... 


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pqt: 0.083s - ct: 0.136s - 275pq - 2rq
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