International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jul 18, 2019

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) | Jul 18, 2019

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) | Jul 16, 2019

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) | Jul 04, 2019

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) | Jul 02, 2019

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) | Jun 28, 2019

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) | Jun 27, 2019

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…

Source: International Monetary Fund (IMF) | Jun 27, 2019

IMF Executive Board Completes the Fourth Review Under the Extended Credit Facility Arrangement, Approves a US$ 47.0 Million Disbursement, and Concludes the 2019 Article IV Consultation with Niger

The formal local private sector needs strengthening to ensure sustainably higher living standards and provide jobs for Niger’s rapidly growing labor force

Program implementation as been broadly satisfactory with public finances strengthening as planned, progress with the implementation of the structural reform agenda, and some slippages in the clearance in domestic payment arrears. Economic growth strengthened in 2018 and the outlook is promising thanks to the start of several large-scale projects by…

Source: International Monetary Fund (IMF) | Jun 27, 2019

International Monetary Fund (IMF) Executive Board Completes the Fourth Review under the Extended Credit Facility (ECF) Arrangement and Approves US$34 Million Disbursement to Togo

During the same meeting, the Board also concluded the 2019 Article IV consultation

Program implementation under the ECF arrangement has been broadly satisfactory; It aims to substantially reduce the fiscal deficit, refocus policies on inclusive growth, and resolve the financial weaknesses in the two public banks; Togo needs to safeguard the hard-won fiscal consolidation and pursue debt reduction. On June 26, 2019, the Executive Board…

Source: International Monetary Fund (IMF) | Jun 26, 2019

IMF Reaches Staff-Level Agreement with Mali on a New Economic and Financial Program Supported by the IMF under the Extended Credit Facility

Key objectives of the program include strengthening fiscal discipline and tax revenue mobilization through further revenue administration reforms

The Malian authorities and IMF staff reached a staff-level agreement on a new economic and financial program supported by the Extended Credit Facility (ECF). The new program is aimed at fostering strong and inclusive growth and poverty reduction through investment in infrastructure and social sectors, and stimulating jobs creation, notably…

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