International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jul 10, 2025

Cabo Verde: International Monetary Fund (IMF) Executive Board Concludes the Sixth Review Under the Extended Credit Facility Arrangement and Approves the Requests for Extension and Augmentation of the Arrangement, and the Extension and Rephasing Under the Resilience and Sustainability Facility Arrangement

Cabo Verde’s economy continues to perform well, underpinned by tourism, robust export performance, and private consumption growth

The IMF Executive Board completed the sixth review under the Extended Credit Facility (ECF) arrangement and approved a fifteen-month extension and an augmentation equivalent to thirty percent of quota under the ECF arrangement. The Executive Board also approved a fifteen-month extension of the Resilience and Sustainability Facility (RSF) arrangement and…

Source: International Monetary Fund (IMF) | Jul 08, 2025

How to Stabilize Africa's Debt

Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment

In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios have stabilized on average. Our analytical note in the IMF’s latest Regional Economic Outlook for sub-Saharan Africa uses a…

Source: International Monetary Fund (IMF) | Jul 07, 2025

How Nigeria Can Unleash its Economic Potential

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria’s progress

Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check…

Source: International Monetary Fund (IMF) | Jul 03, 2025

International Monetary Fund (IMF) Executive Board Completes the First Review under the Extended Credit Facility Arrangement for the Democratic Republic of the Congo

The DRC has been facing significant challenges amid the intensification of the armed conflict in its eastern part since end-2024

The IMF Executive Board has completed the first review under the Extended Credit Facility arrangement for the Democratic Republic of the Congo. The decision allows for an immediate disbursement of US$ 261.9 million towards international reserves, to continue building buffers. The DRC’s economy has been resilient in a challenging environment…

Source: International Monetary Fund (IMF) | Apr 28, 2025

The Internation Monetary Fund (IMF) to Hold the Inaugural Annual Economic Research Conference on Middle East and North Africa (MENA)

The IMF-MENA Annual Research Conference is another step forward to further strengthen that partnership and engagement with the region and its people

Jihad Azour, Director of the Middle East and Central Asia Department and Pierre-Olivier Gourinchas, Economic Counsellor and Director of the Research Department of the International Monetary Fund (IMF) issued a statement today: “Global shocks are adding to regional factors resulting in exceptionally uncertain economic environment for Middle East and North…

Source: International Monetary Fund (IMF) | Nov 21, 2022

International Monetary Fund (IMF) Staff Reach Staff-Level Agreement with the Democratic Republic of the Congo on the Third Review Under the Extended Credit Facility

The Congolese authorities and the IMF team reached staff-level agreement on policies for the completion of the third review under the ECF arrangement

The IMF team reached staff-level agreement on the third review of the authorities’ economic reform program supported by the Extended Credit Facility (ECF) arrangement; Despite recurrent external shocks and increasing inflation, the post-covid recovery continues to build momentum, with 2022 growth expected at 6.6 percent; Amidst high uncertainty, prudent policies…

Source: International Monetary Fund (IMF) | Feb 08, 2022

IMF Executive Board Concludes 2021 Article IV Consultation with Nigeria

The Nigerian economy is recovering from a historic downturn benefitting from government policy support

On January 31, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Nigeria. The Nigerian economy is recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. Nigeria exited the recession in 2020Q4 and output…

Source: International Monetary Fund (IMF) | Dec 16, 2021

IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies, and Common Policies in Support of Member Countries Reform Programs

CEMAC experienced a smaller-than-anticipated economic contraction in 2020, as non-oil activity recovered in late 2020, supported by the relaxation of containment measures and stronger fiscal stimulus

IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies, and Common Policies in Support of Member Countries Reform Programs. The almost two-years pandemic-related crisis has left CEMAC with a fragile external position. A tighter policy stance, high oil prices, and Heads of States renewed commitments to accelerate structural, transparency…

Source: International Monetary Fund (IMF) | Jul 18, 2020

Coronavirus - Senegal: International Monetary Fund (IMF) Executive Board Completes First Review Under the Policy Coordination Instrument for Senegal

The COVID-19 pandemic is taking a heavy toll on Senegal’s economy

The COVID-19 pandemic is taking a heavy toll on the economy with growth projected at 1.1 percent in 2020 compared to 5.3 percent in 2019; The authorities have taken significant actions to contain the pandemic and mitigate its economic fallout, supported by additional financing from Senegal's development partners and participation…

Source: International Monetary Fund (IMF) | Jul 01, 2020

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

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