Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes Review Mission to Togo

Economic growth is projected to slightly accelerate from 4.9 percent in 2018 to 5.3 percent in 2019

Togo’s economic recovery is continuing. GDP growth is projected at 5.3 percent in 2019. Inflation was 0.6 percent in July 2019. The fiscal consolidation was sustained through June 2019; revenue administration and public expenditure management reforms undertaken in recent years are progressing. The authorities are committed to address weaknesses in…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes Program Negotiation Mission to São Tomé and Príncipe

São Tomé and Príncipe’s economy is facing serious challenges and experiencing strong imbalances and sluggish growth

Significant progress was made in the discussions with the government on the economic policies and reforms that could be supported by a new IMF arrangement; São Tomé and Príncipe’s economy is facing serious challenges and experiencing strong imbalances and sluggish growth. Improving the business environment to promote economic activities is…

Source: International Monetary Fund (IMF) |

Egypt- International Monetary Fund (IMF) Executive Board Completes Fifth Review under the Arrangement under Extended Fund Facility (EFF)

The completion of the review allows the authorities to draw the equivalent of SDR 1,432.76 million (about US$2 billion)

On July 24, 2019, the Executive Board of the International Monetary Fund (IMF) completed the fifth and final review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review allows the authorities to draw the equivalent of SDR 1,432.76 million…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2019 Article IV Consultation with Cabo Verde

Cabo Verde’s macroeconomic situation has improved significantly in recent years, and the outlook is positive despite downside risks

On July 15, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Cabo Verde. Cabo Verde’s macroeconomic situation has improved significantly in recent years, and the outlook is positive despite downside risks. Economic growth has been robust and is projected at 5 percent for…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Fourth Extended Credit Facility (ECF) Review for Cameroon and Approves US$76.2 Million Disbursement

The completion of the review enables the disbursement of SDR 55.2 million (about US$76.2 million)

The Executive Board of the International Monetary Fund (IMF) completed the fourth review of the arrangement under the Extended Credit Facility (ECF) for Cameroon on July 17, 2019. The completion of the review enables the disbursement of SDR 55.2 million (about US$76.2 million), bringing total disbursements under the arrangement to…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves a new Policy Coordination Instrument with Cabo Verde

On July 15, 2019, the Executive Board of the International Monetary Fund (IMF) approved a new Eighteen-Month Policy Coordination Instrument (PCI) with Cabo Verde

A newly-approved eighteen-month Policy Coordination Instrument will build on Cabo Verde’s reform program under the Strategic Plan for Sustainable Development; It aims to bolster macroeconomic stability and encourage structural reforms; Cabo Verde’s macroeconomic situation has improved significantly in recent years and the medium-term outlook is positive. On July 15, 2019,…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Fourth Review under the Extended Credit Facility (ECF) for Chad, Approves US$38.9 Million Disbursement and Concludes 2019 Article IV Consultation

Chad’s program is supported by the implementation of policies and reforms by the regional institutions

Performance under the ECF-supported program has been broadly satisfactory with continued improvement in the fiscal position and progress in implementing structural reforms in spite recent delays; Overall economic activity strengthened in 2018 but further reform efforts are needed to support the recovery in the non-oil sector and improve social conditions;…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board completes Sixth Review under the Extended Credit Facility Arrangement for the Central African Republic and approves US$ 31.70Million disbursement

The Central African Republic’s performance under the ECF arrangement remains satisfactory despite a challenging security environment and difficult humanitarian conditions

Substantial progress has been achieved under the ECF arrangement, including in stabilizing the economy, reducing fiscal vulnerabilities, and improving public financial management; the recent peace agreement between the government and 14 armed groups could constitute a pivotal step toward ending the ongoing crisis; the authorities remain committed to pursuing fiscal policy…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board completes First Review under the Extended Credit Facility and approves US$21.62 Million disbursement for Sierra Leone

Implementation of the program, supported by the IMF, has been satisfactory in the face of a challenging economic environment

Completion of the first review enables the IMF to disburse US$21.62 million to Sierra Leone; the government’s reform agenda will secure fiscal sustainability, create space for priority spending, and lay the foundation for inclusive growth and poverty reduction; implementation of the program, supported by the IMF, has been satisfactory in…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Liberia

The mission supports the authorities’ objectives of restoring macroeconomic balance in the near-term, addressing weaknesses in governance and institutions of the public sector

A mission from the International Monetary Fund (IMF) led by Mika Saito, visited Monrovia June 12 - 24, 2019 to discuss possible financial support under the Extended Credit Facility. The mission supports the authorities’ objectives of restoring macroeconomic balance in the near-term, addressing weaknesses in governance and institutions of the…