Source: International Monetary Fund (IMF) |

IMF Staff Concludes Discussions on the Combined Seventh and Eighth Reviews of Ghana’s Extended Credit Facility Program

Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies

The Ghanaian authorities and the mission successfully concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the 7th and 8th reviews under the ECF-supported arrangement, which would successfully conclude the program. • Domestic revenue mobilization should remain a key priority…

Source: International Monetary Fund (IMF) |

World Bank and International Monetary Fund (IMF) Officials visit Morocco to prepare 2021 Annual Meetings in Marrakech

Team visited the potential sites where the Annual Meetings will be held and had productive discussions on issues related to the planning of this major global event

A high-level team from the World Bank Group (WBG) and International Monetary Fund (IMF) visited Marrakech and Rabat from February 14–15 for discussions with the Moroccan Government on preparations for the WBG/IMF Annual Meetings to be hosted by the country in October 2021. During their visit, the senior officials from…

Source: International Monetary Fund (IMF) |

MEDIA ADVISORY: Release of the IMF Departmental Paper on Scaling up Access to Finance for Small and Medium Enterprise in the Middle East and North Africa

Discussions will focus on how small and medium-sized enterprise financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing

The International Monetary Fund (IMF) will launch its departmental paper entitled Scaling up Access to Finance for SMEs in MENA in a seminar which will take placeat the American University in Cairo, Tahrir campus. The Event is co-hosted by the American University in Cairo, the Economic Research Forum, and the IMF.  Discussions will…

Source: International Monetary Fund (IMF) |

International Monetary Fund Staff Completes Staff Visit Mission for São Tomé and Príncipe

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during January 23-31, 2019

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Staff Visit Mission for São Tomé and Príncipe

The mission team discussed with the new government its priorities and vision for economic development

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during January 23-31, 2019. At the end of the visit, Ms. Li issued the following statement: “The mission team discussed with the new government its priorities and vision for economic development, as…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2019 Article IV Mission to Mauritius

Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity

Real GDP growth is projected at 3.8 percent in 2018 and 3.9 percent in 2019, driven by robust performance in the financial services, construction, and tourism sectors; Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity; the mission welcomed…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde on Egypt

The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an International Monetary Fund (IMF) financial arrangement

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an IMF financial arrangement. Since then, Egypt has made substantial progress as evident in the success achieved…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes 2019 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Fiscal consolidation efforts are estimated to have led to a reduction of the aggregate fiscal deficit to 3.9 percent of GDP in 2018 from 4.3 percent of GDP in 2017

Inflation has remained low reflecting the peg to the Euro, but also continued solid agricultural production and the limited passthrough of higher world oil prices; fiscal consolidation efforts are estimated to have led to a reduction of the aggregate fiscal deficit to 3.9 percent of GDP in 2018 from 4.3…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff concludes visit to Guinea-Bissau

Achieving budget targets will require tight expenditure control

Economic performance in 2018 suffered from lower cashew income and weak domestic revenue mobilization; the draft budget for 2019 targets increased government revenue and a deficit below 3 percent of GDP; achieving budget targets will require tight expenditure control. An International Monetary Fund (IMF) team led by Tobias Rasmussen visited…

Source: International Monetary Fund (IMF) |

Kenya Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The Enhanced General Data Dissemination System (e-GDDS) was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance

Kenya has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and…