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

The International Monetary Fund (IMF) Staff Concludes Visit to Kenya

The IMF has received a formal request for a new program from the Kenyan authorities and will engage with them going forward

A staff team from the International Monetary Fund (IMF), led by Ms. Haimanot Teferra, visited Nairobi during March 6-14, 2025. At the conclusion of the visit, Ms. Teferra issued the following statement: “The mission team engaged with the Kenyan authorities on recent developments and the macroeconomic outlook. The Kenyan authorities…

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

International Monetary Fund (IMF) Staff Completes Visit to Mozambique

For 2025, growth is projected to recover to 3.0 percent as social conditions normalize and economic activity picks up, especially in services

IMF staff and the Mozambican authorities have discussed performance and policies underpinning the Fifth and Sixth Reviews of the Extended Credit Facility (ECF) arrangement. Discussions were fruitful and will continue virtually in the coming weeks. An International Monetary Fund (IMF) team, led by Mr. Pablo Lopez Murphy, conducted discussions from…

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

International Monetary Fund (IMF) Staff Completes Staff-Monitored Program (SMP) Discussion Mission to Zimbabwe

Mr. Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2025, to advance discussions on the SMP

Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2025, to advance discussions on the SMP. At the conclusion of the IMF mission,…

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

International Monetary Fund (IMF) Staff Completes 2025 Article IV Consultation with Morocco

Structural reforms should focus on strengthening job creation, including by better targeting active labor market polices, consolidating programs to support small and medium firms, and removing regulatory distortions that hinder firms’ growth

Economic growth is accelerating thanks to strong domestic demand, amid a new investment cycle in many sectors. Tax reforms have allowed the fiscal deficit in 2024 to be lower than expected while also funding spending measures. Going forward, saving part of the revenue windfall would help strengthen the fiscal buffers.…

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

International Monetary Fund (IMF) Reaches Staff Level Agreement on the Second Review of the Extended Credit Facility for Ethiopia

The arrangement was approved by the IMF Executive Board on July 29, 2024, for an initial total amount of SDR 2.556 billion (about US$3.4 billion at that time)

IMF staff and the Ethiopian authorities have reached staff-level agreement on economic policies to conclude the second review of the four-year USD$ 3.4 billion ECF arrangement. Formal completion of the review by the IMF Executive Board would give Ethiopia access to financing of about US$251 million. Implementation of Ethiopia’s homegrown…

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

The Gambia: International Monetary Fund (IMF) Staff Reaches Staff-Level Agreement on the Second Review of the Extended Credit Facility Arrangement

Economic recovery is strengthening while inflation has decelerated significantly

IMF staff and the Gambian authorities have reached a staff-level agreement on economic policies to conclude the second review of the program under the Extended Credit Facility (ECF) arrangement. Economic recovery is strengthening while inflation has decelerated significantly. The Gambia’s reform agenda is advancing despite challenges to fiscal policy. An…

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

International Monetary Fund (IMF) Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe

The authorities’ ambitious reform program aims at restoring macroeconomic stability while laying the foundations for faster and more inclusive growth

IMF staff and the São Toméan authorities have reached staff-level agreement on economic policies and reforms to be supported by a new 40-month arrangement under the Extended Credit Facility (ECF), updating the agreement reached last year. This renewed staff-level agreement is subject to IMF Management approval and IMF Executive Board…

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

International Monetary Fund (IMF) Staff Concludes Visit to The Gambia

The Gambia’s reform agenda is advancing despite challenges to fiscal policy

IMF staff and the Gambian authorities conducted productive discussions on economic policies to conclude the second review of the program under the Extended Credit Facility (ECF) arrangement; Economic recovery is strengthening while inflation has decelerated to single digits; The Gambia’s reform agenda is advancing despite challenges to fiscal policy; The IMF remains committed…

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

International Monetary Fund (IMF) Reaches Staff-Level Agreement on a New 38-Month Extended Credit Facility Arrangement with Sierra Leone and Completes 2024 Article IV Mission

The staff-level agreement is subject to approval by the IMF’s Management and Executive Board

IMF staff and the Sierra Leonean authorities have reached a staff-level agreement on economic policies and reforms that could be supported by a new 38-month Extended Credit Facility (ECF) arrangement, with requested access of SDR 187 million (about US$253 million); The ECF would support restoring stability through continued macroeconomic adjustment…

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

Liberia: International Monetary Fund (IMF) Reaches Staff-Level Agreement on a New 40-Month Extended Credit Facility Arrangement

This arrangement, pending approval by the IMF's Management and Executive Board, aims to back the new administration's robust reform agenda

International Monetary Fund staff and the Liberian authorities reached a staff-level agreement on a comprehensive set of policy priorities to support a new 40-month Extended Credit Facility (ECF) arrangement. The SDR 155 million arrangement is subject to approval by the IMF Executive Board. The board discussion is scheduled for September…