Middle East & Africa round-up: IMF says not ready to resume funding to Zimbabwe, and more

8 Apr 15

A round-up of recent public finance stories from the Middle East & Africa you might have missed.

IMF says not ready to resume funding to Zimbabwe

The International Monetary Fund has ruled out resuming loans to Zimbabwe until the southern African country has retired its longstanding external debt of about $10bn. Zimbabwe’s government is seeking new loans to help bail out its depressed economy. (Voice of America)

Cameroon asks public to aid soldiers and refugees

Cameroon’s government is asking the public to donate money, food and clothing to help offset the growing needs of its soldiers and refugees, including those respectively fighting and fleeing the Boko Haram insurgency on its northern border with Nigeria. (Voice of America)

Bahrain to investigate alleged waste of $1.1bn of public money

Bahraini legislators plan to investigate alleged squandering of 400 million dinars ($1.06bn) of public funds by government departments and state-linked companies, a Manama newspaper reported on Sunday. (Reuters Africa)

$940m IMF bailout not enough, says Ghana VP

Vice President Kwesi Amissah-Arthur says the 940-million dollar package to be given to Ghana by the International Monetary Fund is not enough. (Starr fm online)

South Africa’s Zuma rebuffs demands to re-pay state for home upgrade

South African President Jacob Zuma deflected demands by the opposition to pay back some of the money used in a $23m (£15.3m) state-funded security upgrade to his rural home, saying the government had yet to decide whether he should do so. (Reuters)

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