APO Group - Africa Newsroom / Press Releases Related to Africa

Source: International Monetary Fund (IMF) | Apr 28, 2025

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…

Source: International Monetary Fund (IMF) | Apr 18, 2025

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…

Source: International Monetary Fund (IMF) | Apr 18, 2025

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.…

Source: International Monetary Fund (IMF) | Apr 17, 2025

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…

Source: International Monetary Fund (IMF) | Apr 16, 2025

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…

Source: International Monetary Fund (IMF) | Apr 11, 2025

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

An International Monetary Fund (IMF) mission led by Mariana Colacelli visited Mauritius from March 31 to April 11, 2025, to conduct the 2025 Article IV Consultation

The Mauritian economy continues to exhibit resilience with growth at 4.7 percent in 2024 and contained inflation. The growth outlook remains favorable, though risks are to the downside. Mauritius needs to recalibrate the macroeconomic policy mix to rebuild fiscal space. The monetary policy framework needs to be strengthened while continued…

Source: International Monetary Fund (IMF) | Apr 11, 2025

International Monetary Fund (IMF) and Seychelles Reach Staff-Level Agreement on the Fourth Reviews Under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) Arrangements

Approval of the reviews by the IMF’s Executive Board would release financing of SDR 10 million, equivalent to $13.4 million

IMF staff and the Seychellois authorities have reached a staff-level agreement on the fourth reviews under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. Approval of the reviews by the IMF’s Executive Board would release financing of SDR 10 million, equivalent to $13.4 million. The…

Source: International Monetary Fund (IMF) | Mar 30, 2025

International Monetary Fund (IMF) Staff Concludes Visit to Togo

This visit took place in the context of the second review of the Extended Credit Facility (ECF)-arrangement that the IMF has been providing to Togo since March 2024

IMF staff conclude visit to Lomé to discuss macroeconomic policies in the context of the second review of the Extended Credit Facility supported program. Togo's growth performance remains robust, and inflation is moderating. The authorities have affirmed their commitment to continue advancing policies aimed at strengthening fiscal revenue, making growth…

Source: International Monetary Fund (IMF) | Mar 17, 2025

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…

Source: International Monetary Fund (IMF) | Mar 05, 2025

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…

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