Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff Level Agreement on the Fourth Review under the Extended Credit Facility for the Central African Republic

An International Monetary Fund (IMF) team led by Mr. Samir Jahjah held program discussions with the Central African Republic authorities on the fourth 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 view 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) |

Launch of the April 2018 International Monetary Fund’s (IMF) Regional Economic Outlook for Sub-Saharan Africa on Tuesday, May 8, 2018

Launch of the April’s 2018 IMF Regional Economic Outlook Report titled, Sub-Saharan Africa: Domestic Revenue Mobilization and Private Investment Where: In Ghana, Movenpick Hotel, Accra In Gabon, Ministry of Economy, Libreville When:Tuesday, May 8, 2018 at 9:45 a.m., local time in Ghana; 9:45 a.m., local time in Gabon Who: Mr.…

Source: International Monetary Fund (IMF) |

International Monetary Fund reaches Staff-Level Agreement with Mali on Ninth Review under ECF Arrangement

A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, held discussions with the Malian authorities in Washington DC from April 18–24 2018 on the ninth review of Mali’s economic and financial program supported by the IMF under the Extended Credit Facility (ECF)

Consideration by the IMF’s Executive Board will be combined with the 2018 Article IV and eighth review under the ECF tentatively scheduled for late May 2018. The authorities committed to continue actions that will enable them to achieve program objectives and reduce near- and medium-term vulnerabilities. Inflation is expected to…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang on Angola

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang on Angola:  Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today: “We have received a letter from the Angolan authorities for IMF staff to initiate discussions on an economic program that…

Source: International Monetary Fund (IMF) |

Senegal: Statement by International Monetary Fund African Department Director Abebe Aemro Selassie at the Conclusion of his Visit

It will be important for the Senegalese authorities to enhance tax revenue mobilization to sustain much needed development spending and maintain debt sustainability. The WAEMU region has accomplished considerable economic progress, with high growth rates over the last six years.  Sustaining this trend and containing macroeconomic imbalances will require adhesion to…

Source: International Monetary Fund (IMF) |

The International Monetary and Financial Committee Selects South African Reserve Bank Governor Lesetja Kganyago as New Chairman

Mr. Kganyago has been the Governor of the South African Reserve Bank since November 2014

The members of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF), have selected Mr. Lesetja Kganyago, Governor of the South African Reserve Bank, as Chairman of the Committee for a term of three years, effective January…

Source: International Monetary Fund (IMF) |

International Monetary Fund Staff Concludes Visit to Tanzania

Preliminary data for the first half of 2017 released by the authorities indicate that the economy grew at a still strong 6.8 percent

Macroeconomic performance under the program has been satisfactory. Discussions on key elements that could underpin a successor arrangement made progress. GDP statistics show continued strong growth in the first half of 2017, but other economic indicators suggest the economy may be slowing down. A team from the International Monetary Fund…

Source: International Monetary Fund (IMF) |

The International Monetary Fund Executive Board Completes Fourth Review Under the Extended Credit Facility Arrangement, Approves US$ 4.3 Million Disbursement, and Concludes 2017 Article IV Consultation with Guinea-Bissau

The ECF-supported program aims to restore macroeconomic stability, promote efficiency in public service delivery, and foster inclusive growth

Completion of the fourth ECF review enables the disbursement of SDR 3.03 million (about US$ 4.3 million). The ECF-supported program aims to restore macroeconomic stability, promote efficiency in public service delivery, and foster inclusive growth. The Executive Board also concluded the 2017 Article IV Consultation with Guinea-Bissau. The Executive Board…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania

Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization

Board decision enables immediate disbursement of US$ 23.4 million to Mauritania. Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty. Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the…

Source: International Monetary Fund (IMF) |

IMF Team Completes Staff Visit to Angola

An International Monetary Fund (IMF) team led by Ricardo Velloso visited Luanda during November 6-15, 2017, to prepare the groundwork for the Article IV consultation mission expected in early 2018

The Angolan economy is enjoying a mild recovery this year but significant macroeconomic imbalances remain. The new Government is fully aware of the imbalances and has approved a plan to begin addressing these challenges. An International Monetary Fund (IMF) team led by Ricardo Velloso visited Luanda during November 6-15, 2017,…