The Kenyan Treasury defends the current valuation of the shilling, with CS Mbadi suggesting it is undervalued and would ...

The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.

Mbadi says the local currency’s stability is backed by improving macroeconomic fundamentals, including improved diaspora remittances, tourist receipts and strong export earnings.

Europe has managed major shocks, but growth is slowing, export gains are reversing due to tariffs, and bond markets reflect rising risks. Interest rate cuts and increased fiscal spending, including ...

Alfred Kammer, Director of the IMF European Department, delivers a speech at the ECB’s House of the Euro in Brussels on ...

Ethiopia and Kenya may become Africa’s first countries to repay Chinese loans in Beijing’s currency. It’s the latest in a ...

Zimbabwe's economy faces significant challenges as the IMF warns of persistent dollarisation, while local industries urge ...

Over the past 15 months, the Kenyan currency has remained stable against major global currencies, notably the US dollar.

Kenya will hold further talks with the International Monetary Fund to overcome the key obstacles that have so far prevented ...