TimeAfrica, the fastest growing African news magazine was part of the accredited international media who participated on Wednesday all-important press briefing of International Monetary Fund.
The Press Briefing on behalf of the IMF was addressed by Mr Gerry Rice of the Communication Department who joined virtually from Washington.
TimeAfrica’s Chidipeters Okorie joined the conversation virtually from Nigeria.
Rice spoke on several issues bordering African countries. He talked about the progress for the three countries Chad, Zambia and Ethiopia that have asked for more than a year to be part of the G20 common framework, and why a year after no decision has been taken on the restructuring of their debt.
He also spoke about Ghanaian government request for an IMF program to support their homegrown economic program, even as he regretted that developing economies are in debt distress, and for low-income countries it’s worse than that. It’s actually nearly twice as high, it’s 60 percent. So, the risk of debt crisis is increasing again.
Transcript of the press briefing shortly.
With correspondents across the nations of Africa, TimeAfrica offers the latest news from Africans perspective including news coverage of nations and states politics; legislations, hard decisions, deliberations, activities trends and more. www.timeafricamagazine.com
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