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

Statement by International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura at the Conclusion of Meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) Authorities

Structural reforms, such as improving the business climate and strengthening financial inclusion, governance, and anti-corruption can unlock Cameroon’s growth potential

Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement in Yaoundé at the conclusion of his meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) authorities on March 15-16, 2023: “It was a great pleasure to visit Cameroon…

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

Libya: Staff Concluding Statement of the 2023 Article IV Mission

Libya’s institutional framework has helped the country through a period of significant macroeconomic volatility and turmoil

An International Monetary Fund (IMF) mission held discussions for the 2023 Article IV consultation for Libya in Tunis, Tunisia during March 11-17. The mission issued the following statement at the conclusion of the mission: We welcome the opportunity to reengage with Libya via an Article IV consultation after a decade-long…

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

International Monetary Fund (IMF) Staff Concludes Mission to Côte d’Ivoire

An International Monetary Fund (IMF) mission, led by Mr. Olaf Unteroberdoerster, visited Abidjan during March 1-14 to discuss potential IMF financial support for the authorities’ program of economic policies and reforms

The Ivorian authorities and IMF staff have reached broad agreement on the authorities’ economic reform program that could be supported by an IMF financial arrangement; the authorities are advancing their agenda for deeper economic transformation under the 2021-25 National Development Plan. They have taken measures to strengthen macroeconomic stability and…

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

International Monetary Fund (IMF) Staff Concludes Working Visit to the Central African Republic

The economic situation in the CAR remains challenging and the outlook uncertain, given the precarious humanitarian and social context and the tightening of financial conditions

An International Monetary Fund (IMF) team led by Albert Touna Mama, IMF Mission Chief for the Central African Republic, carried out a working visit to Bangui from February 27 to March 3, 2023. This mission afforded IMF staff the opportunity to review recent economic developments with the CAR authorities and…

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

International Monetary Fund (IMF) Staff Concludes Visit to Senegal

The Senegalese economy in 2022 experienced a sharper-than-anticipated slowdown, with real GDP growth now estimated at about 4 percent against 4.7 percent expected

A team from the International Monetary Fund (IMF), led by Mr. Edward Gemayel, conducted a mission during March 8-14, 2023, to take stock of recent economic developments, update macroeconomic projections, and discuss potential options for a new IMF-supported program. The team met with his excellency Prime Minister Amadou Ba; Mr.…

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

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

The National Summary Data Page will serve as a one-stop publication for disseminating the data recommended under the e-GDDS

With the successful launch of a new data portal, Zimbabwe 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 as a global public good and…

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

International Monetary Fund (IMF) Staff Completes 2023 Article IV Mission to Eswatini

Real GDP growth in 2023 is projected to rise to 3.2 percent supported by agricultural production and manufacturing, and higher government capital spending

An International Monetary Fund (IMF) team, led by Mr. Todd Schneider, Mission Chief for Eswatini, visited Mbabane during February 27 to March 10, 2023, to conduct discussions for the 2023 Article IV Consultation with a broad range of counterparts from the public and private sector. The discussions covered the performance…

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

Executive Board Receives Request for Flexible Credit Line Arrangement with Morocco

The IMF stands ready to continue to support Morocco face the risks from the highly uncertain global environment

The International Monetary Fund (IMF) Executive Board met today in an informal session [1] to discuss a request from the Moroccan authorities for a two-year arrangement under the Flexible Credit Line (FCL) with the IMF in an amount equivalent to SDR 3.726 billion (about 417 percent of quota, or US$5 billion). This…

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

International Monetary Fund (IMF) Executive Board Completes the Third Review Under the Extended Credit Facility, Approves $32.6 Million Disbursement, and Concludes the 2022 Article IV Consultation with the Republic of Madagascar

In a context of lower global growth and high international prices, Madagascar’s growth is projected to stall at 4.2 percent in 2023 while annual average inflation would accelerate above 10 percent

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] and completed the third review of the Extended Credit Facility (ECF) arrangement with the Republic of Madagascar. The completion of the review enables the disbursement of SDR 24.44 million (about US$32.6 million), usable for budget…

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

International Monetary Fund (IMF) Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan

This emergency financing under the Food Shock Window will help South Sudan to address food insecurity while maintaining social and growth-enhancing spending

The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of SDR 86.1 million (about US$114.8 million) to South Sudan under the Food Shock Window of the Rapid Credit Facility (RCF). This emergency financing under the Food Shock Window will help South Sudan to address food insecurity…