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…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the Third Review of Gabon’s Extended Arrangement and Approves US$99 Million Disbursement

Executive Board decision brings total International Monetary Fund (IMF) disbursements to Gabon to about US$395.9 million

The government’s reform program, supported by the IMF, aims to restore macroeconomic stability and lay the foundation for inclusive growth. On December 19, 2018, the Executive Board of the International Monetary Fund (IMF) completed the third review of Gabon’s economic program supported by an extended arrangement under the Extended Fund…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde at the Conclusion of a Visit to Ghana

Increasing revenue mobilization, preserving financial stability, improving management of the energy sector, and implementing responsible polices will help anchor investors

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Accra at the conclusion of her visit to Ghana "My visit to Accra has been very fruitful and informative, and I am extremely grateful for the warm hospitality of the people of Ghana.…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Third Review of the Extended Credit Facility Arrangement for Cameroon

Cameroon to receive the fourth US$76.3 million disbursement from International Monetary Fund (IMF)

Program performance has improved, with progress in delayed structural reforms; fund supported program aims to restore Cameroon’s and CEMAC’s external and fiscal sustainability and to encourage growth. The Executive Board of the International Monetary Fund (IMF) today completed the third review of the arrangement under the Extended Credit Facility (ECF)…

Source: International Monetary Fund (IMF) |

Looking Ahead to Chart Today’s Course: The Future of Work in sub-Saharan Africa

Opening Remarks by Christine Lagarde, Managing Director, International Monetary Fund

As Prepared for Delivery Introduction Thank you, Minister Gyan-Baffour, for that kind introduction. I would like to extend my sincere gratitude to Vice-President Bawumia and the Ghanaian government for co-hosting this conference with the IMF. Your excellency, Vice-President Bawumia, Minister Gyan-Baffour, honored guests — it is my pleasure to welcome…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Fourth Reviews under an Extended Credit Facility and Extended Fund Facility for Côte d’Ivoire and Approves US$133.7 Million Disbursement

The country’s economic outlook remains robust, with growth projected at about 7½ percent in 2018–19

The budget deficit is projected to converge to the WAEMU regional norm of 3 percent of GDP in 2019; the program aims to achieve a sustainable balance of payments position, enhance domestic revenue mobilization, ensure debt sustainability, and foster inclusive growth and poverty reduction. On December 12, 2018, the Executive…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board completes Tenth Review under the Extended Credit Facility Arrangement for Mali and approves US$43.85 Million Disbursement

Completion of the review enables the immediate disbursement of SDR 31.65 million, bringing total disbursements under the arrangement to SDR 186.6 million

The near term macroeconomic outlook remains favorable, although there are considerable downside risks from the fragile security conditions, commodity prices changes, and weather conditions; program implementation is broadly on track. On December 10, 2018, the Executive Board of the International Monetary Fund (IMF) completed the Tenth Review of Mali’s performance…

Source: International Monetary Fund (IMF) |

IMF Staff Team Completes Review Mission to Togo

An International Monetary Fund (IMF) team led by Mr. Ivohasina Razafimahefa visited Lomé during October 18-31, 2018 to conduct discussions on the third review of the program supported by an Extended Credit Facility (ECF)

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) Reaches Staff-Level Agreement on the First Review of Malawi’s Extended Credit Facility

The International Monetary Fund (IMF) team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility (ECF), which is subject to the approval of the IMF Executive Board

The IMF team reached a staff-level agreement with the authorities of Malawi on the completion of the first review under the Extended Credit Facility; Moderate economic growth is likely to strengthen to about 4 percent in 2019, followed by a rise to 6-7 percent over the medium term; Looking forward,…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Mission to Sierra Leone

The International Monetary Fund (IMF) team welcomes the authorities’ efforts to further mobilize domestic revenue, improve expenditure management and control, address the outstanding stock of budget arrears, stabilize public debt and reduce it to sustainable levels, and prioritize public investment aimed at reducing social and infrastructure gaps

An International Monetary Fund (IMF) team led by Brian Aitken visited Freetown from September 18-October 2, 2018, to initiate discussions on a possible Extended Credit Facility arrangement that could be supported by the IMF.[1] At the end of the visit, Mr. Aitken issued the following statement: “The economic environment remains…