Stablecoin flows in Africa hit 6.7% of GDP in 2024 – IMF
Only Latin America and the Caribbean (7.7%) surpassed Africa in flows relative to GDP.
IMF
IMF calls for stricter rules for “risky” and “poorly-backed” crypto
The international organization has instead encouraged blockchain adoption in traditional financial systems.
IMF expands Kenya’s financing package to $938 million
The additional funding will strengthen the country’s reserves before its $2 billion Eurobond payment in June.