Source: International Monetary Fund (IMF) |

Eritrea: International Monetary Fund (IMF) Staff completes 2019 Article IV Mission

Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy

The peace agreement with Ethiopia and lifting of international sanctions provide a welcome opportunity for Eritrea to build an impetus for economic development; Eritrea is in a difficult economic situation following an extended period of international isolation and emergency measures to manage the economy; the IMF stands ready to support economic…

Source: International Monetary Fund (IMF) |

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

These data will be disseminated in both human- and machine-readable formats

Madagascar 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 page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes Program Review Mission to Benin

Benin’s economy grew by 6.7 percent in 2018 driven by strong agricultural production and port activity

Performance under the IMF-supported program was satisfactory in 2018; Benin’s economy grew by 6.7 percent in 2018 driven by strong agricultural production and port activity; the authorities should pursue their efforts to improve the business environment and infrastructure, strengthen the governance framework, diversify the economy, promote high-quality education and health,…

Source: International Monetary Fund (IMF) |

The Republic of Sao Tomé and Principe Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The Enhanced General Data Dissemination System (e-GDDS) was established by the IMF’s Executive Board in May 2015

The Republic of Sao Tomé and Principe 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 page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes First Extended Credit Facility (ECF) Review Mission to Sierra Leone

Stepping up structural reform efforts will be crucial to managing fiscal risks, ensuring greater accountability, and diversifying the economy for the benefit of all Sierra Leoneans

The Sierra Leone authorities and IMF mission concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the first review under the ECF-supported program; Continued actions to mobilize revenue and manage public finances remain key priorities to reduce public debt and…

Source: International Monetary Fund (IMF) |

IMF Management Approves a Staff-Monitored Program with The Gambia

A Staff-Monitored Program (SMP) is an informal and flexible instrument for dialogue between the Fund staff and a member country on its economic policies

The Management of the International Monetary Fund (IMF) approved a Staff-Monitored Program (SMP) with The Gambia covering the period from January to December 2019. An SMP is an informal and flexible instrument for dialogue between the Fund staff and a member country on its economic policies. SMPs are not accompanied…

Source: International Monetary Fund (IMF) |

Sierra Leone: International Monetary Fund (IMF) Staff concludes First ECF Review Mission

The economic landscape in Sierra Leone remains challenging

The Sierra Leone authorities and IMF mission concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the first review under the ECF-supported program; continued actions to mobilize revenue and manage public finances remain key priorities to reduce public debt and…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Mission to the Central African Republic

C.A.R.’s macroeconomic performance remains favorable with increasing economic growth and contained inflation

The recent peace agreement is a unique opportunity to improve the Central African Republic’s (C.A.R.) security and create the conditions for sustained and inclusive growth, poverty reduction, and job creation; good progress was made in discussions with the authorities on economic and financial policies that could support completion of the…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Approves US$118.2 Million Rapid Credit Facility Assistance to the Republic of Mozambique in the Wake of Cyclone Idai

The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai

The financial assistance is intended to address large budgetary and external financing gaps arising from reconstruction needs after Cyclone Idai, which caused significant loss of life and infrastructure damage; The authorities remain committed to macroeconomic stability, which will also be underpinned by the IMF’s financing. The Executive Board of the…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff Level Agreement on the Fifth Review of Tunisia’s Reform Program Supported by the Extended Fund Facility Arrangement

The IMF team and the Tunisian authorities have reached a staff-level agreement on the Fifth Review of the country’s economic reform program supported by the IMF’s EFF arrangement

A staff-level agreement was reached between IMF staff and the Tunisian authorities on the Fifth review of Tunisia’s economic reform program supported by the Extended Fund Facility arrangement; The authorities and IMF staff agreed on policy and reform steps to ensure that the budget deficit target of 3.9 percent of…