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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

Djibouti's GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy

Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes the 2025 Article IV Consultation with Libya

Real GDP growth is estimated to have declined to around 2 percent in 2024 from 10 percent in 2023, driven by a contraction in the hydrocarbon sector

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Libya.[1] The Executive Board’s decision was taken on a lapse-of-time basis. Real GDP growth is estimated to have declined to around 2 percent in 2024 from 10 percent in 2023, driven by a contraction in the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Conclude Article IV Discussions and Reach Staff-Level Agreement on the Third Review of the Extended Credit Facility for Ethiopia

The ECF arrangement was approved by the IMF Executive Board on July 29, 2024, for a total amount of US$3.4 billion (SDR 2.556 billion)

IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the third review of the four-year US$3.4 billion Extended Credit Facility arrangement. Once approved by the IMF Executive Board, Ethiopia will gain access to about US$260 million in financing. Ethiopia's macroeconomic performance has exceeded program…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Bo Li at the Conclusion of a Visit to Mozambique

The IMF remains a close partner in supporting the country’s efforts to lift the living standards of the Mozambican people

Mr. Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Mozambique at the end of his visit from May 15-17, 2025:  “I am pleased to be in Mozambique for my first visit as IMF Deputy Managing Director. I would like to thank…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Central African Republic Implements the Enhanced General Data Dissemination System (e-GDDS)

The published data include statistics on national accounts, prices, government operations, debt, the monetary and financial sector, and the external sector

With the successful launch of the new data portal—the National Summary Data Page (NSDP) — the Central African Republic has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The e-GDDS is the first tier of the IMF Data Standards Initiatives that promote transparency…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

The Internation Monetary Fund (IMF) to Hold the Inaugural Annual Economic Research Conference on Middle East and North Africa (MENA)

The IMF-MENA Annual Research Conference is another step forward to further strengthen that partnership and engagement with the region and its people

Jihad Azour, Director of the Middle East and Central Asia Department and Pierre-Olivier Gourinchas, Economic Counsellor and Director of the Research Department of the International Monetary Fund (IMF) issued a statement today: “Global shocks are adding to regional factors resulting in exceptionally uncertain economic environment for Middle East and North…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Statement on Mozambique

To better align IMF support with the new government’s priorities and vision, the Mozambican authorities have requested the initiation of discussions for a new IMF program

An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, visited Maputo from February 19 to March 4, 2025, to discuss policy implementation under the ECF arrangement. Discussions related to the program reviews continued virtually in the subsequent weeks. Following these discussions, the Mozambican authorities and IMF staff…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission to Nigeria

An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, visited Lagos and Abuja on April 2–15 to hold discussions for the 2025 Article IV Consultations with Nigeria

The Nigerian authorities have taken important steps to stabilize the economy, enhance resilience, and support growth. These reforms have put Nigeria in a better position to navigate the external environment. The macroeconomic outlook is marked by significant uncertainty. Elevated global risk sentiment and lower oil prices impact the Nigerian economy.…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Conclude the 2025 Article IV Discussions and Reach Staff-Level Agreement with Tanzania on the Fifth Review of the Extended Credit Facility and the Second Review of the Resilience and Sustainability Facility

A staff team from the International Monetary Fund (IMF) led by Mr. Nicolas Blancher, visited Tanzania during April 2-17, 2025, and held discussions on the 2025 Article IV consultation, the fifth review under the Extended Credit Facility (ECF)

The IMF and Tanzanian authorities have reached staff-level agreement on the fifth review under the Extended Credit Facility (ECF) and the second review under the Resilience and Sustainability Facility (RSF). Once approved by the IMF Executive Board, Tanzania will gain access to US$441 million in financing. Tanzania’s economic outlook is…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Libya: Staff Concluding Statement of the 2025 Article IV Mission

Official inflation stood at close to 2 percent in 2024, reflecting extensive subsidies and affected by measurement issues

The dispute over the leadership of the central bank last August and the associated disruption in oil production weighed on growth in 2024. Output is estimated to have contracted, driven by the forced contraction in hydrocarbon GDP, but offset somewhat by the expansion in non-oil activities fueled by sustained government spending. Following the…