Will Botswana join Africa's scramble for IMF loans?

Finance and Economic Development minister, Thapelo Matsheka PIC. THALEFANG CHARLES
Finance and Economic Development minister, Thapelo Matsheka PIC. THALEFANG CHARLES

The International Monetary Fund (IMF) has made available $100 billion in emergency funding to countries whose economies have been affected by the coronavirus and thus far, it says applications are pouring in, with at least 90 countries seeking help.

Although generally the names of applicants appear a shielded affair, numerous African states are known to have added their names to the list, with many already having their applications approved.

Thus far, countries ranging from Mozambique to Rwanda to Nigeria and Tunisia, have successfully applied for IMF relief, availed under a fast-tracked coronavirus initiative called Rapid Credit Facility. In total, according to information gathered by Mmegi, African states have successfully applied for $7.7 billion in the past two months.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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