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Since the year of its joining, the DRC has reached 424.5 million special drawing rights , which amounts to .22% of the total number of SDRs in the IMF. [2] The governor is Deogratias Mwana Nyembo Mutombo , and total number of votes the country has is 12,125, which amounts to .24% of the total number of votes in the institution.
Nigeria joined the IMF on March 30, 1961. [1] Nigeria is Africa's most populous country, with 222.182 million citizens. [1] The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [2]
Zimbabwe in 2005 was economically torn down, in the midst of serious economic crisis; collapsing currency, de-investment, hunger and droughts, shortages of critical food supplies among others. This dates back to 1990s and early 2000s crisis and Zimbabwe's involvement in the war of Congo. Zimbabwe took a credit from IMF and went to war in Congo.
The International Monetary Fund and World Bank are holding their annual meetings in Africa for the first time in 50 years as they face a growing chorus of criticism that poorer nations are ...
Africa’s growth has been sluggish in recent years, but IMF managing director Kristalina Georgieva believes new opportunities lie ahead. IMF chief says Africa must do these three things to ...
The statement follows an IMF visit to South Africa in early July to conduct a "post-financing assessment" after its $4.3 billion loan to the country in 2020 to help it fight the impact of the ...
Tanzania is a member of the International Monetary Fund (IMF) with a current quota of US$551.35 million (397.8 million SDR), [1] and is a part of the South Africa and Nigeria led constituency with a totaling voting share of 2.97%. [2] The IMF has been involved in Tanzania's economy since the 1970s.
Though Mali has had a steadily positive GDP growth rate since 2011 and a large amount of natural gold reserves, its economic and social fragility have caused developmental challenges as ethnic violence and terrorism weaken the government. The IMF projects that Mali will continue to have a GDP growth rate of around 5%, and a contained level of ...