International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Mar 15, 2023

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…

Source: International Monetary Fund (IMF) | Mar 14, 2023

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.…

Source: International Monetary Fund (IMF) | Mar 14, 2023

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…

Source: International Monetary Fund (IMF) | Mar 06, 2023

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…

Source: International Monetary Fund (IMF) | Mar 02, 2023

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…

Source: International Monetary Fund (IMF) | Mar 02, 2023

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…

Source: International Monetary Fund (IMF) | Feb 23, 2023

International Monetary Fund (IMF) Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility and Conducts the 2023 Article IV Consultation with Tanzania

This staff-level agreement is subject to IMF management approval and IMF Executive Board consideration

The authorities’ reform program aims at strengthening the economic recovery, preserving macroeconomic stability, and supporting structural reforms toward sustainable and inclusive growth; Key policy actions of the reform program focus on strengthening fiscal space to allow for much needed social spending and high-yield public investment, advancing structural reforms to create…

Source: International Monetary Fund (IMF) | Feb 10, 2023

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Burkina Faso on Rapid Credit Facility through the Food Shock Window

IMF to discuss the economic outlook, macroeconomic policy and possible responses to the ongoing food crisis through the provision

IMF staff and the Burkinabé authorities have reached a staff-level agreement for about US$ 80 million (50 percent of Burkina Faso’s IMF quota) in emergency financing through the IMF’s Food Shock Window of the Rapid Credit Facility to support measures to provide urgent assistance to households in acute food insecurity…

Source: International Monetary Fund (IMF) | Feb 07, 2023

International Monetary Fund (IMF) Executive Board Concludes Second Review Under the Extended Credit Facility Arrangement for the Republic of Congo and Approves US$87 million disbursement

Structural reforms under the authorities’ program are advancing, especially in procurement, management of public finances and debt, and publication of a decree on conflict of interests

The IMF Executive Board completed the second review under the Extended Credit Facility arrangement, enabling the Republic of Congo to draw the equivalent of SDR 64.80 million (about US$ 87 million). Strengthened economic recovery is gaining momentum but risks from lower oil prices and production and weak reform implementation remain.…

Source: International Monetary Fund (IMF) | Feb 02, 2023

International Monetary Fund (IMF) Executive Board Concludes 2022 Article IV Consultation with Algeria

The rise in inflation is a major challenge, amid a loose monetary policy stance

On February 1, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Algeria and considered and endorsed the staff appraisal without a meeting [2] . The upswing in hydrocarbon prices has alleviated pressures on public and external finances and the post-pandemic recovery has likely gathered pace .…

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