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) |

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

Making this information easily accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data and will bring greater data transparency

Equatorial Guinea 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…

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 Executive Board Completes Fourth Review Under the Extended Credit Facility

Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement

Completion of the review enables a disbursement of US$ 32.1 million Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty. Improving domestic resource mobilization is crucial for the scaling up…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff Level Agreement on the Fourth Review under the Extended Credit Facility for the Central African Republic

An International Monetary Fund (IMF) team led by Mr. Samir Jahjah held program discussions with the Central African Republic authorities on the fourth review of the program supported by an Extended Credit Facility (ECF)

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The view expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Visit to Gabon

An International Monetary Fund (IMF) staff team led by Alex Segura-Ubiergo visited Libreville from October 18 to November 1 for the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF)

The EFF-supported program will help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. Completion of the first review would enable a second program disbursement of SDR71.43 (about US$98.8 million). Gabon’s near-term economic outlook remains difficult, with growth expected at about 0.8 percent in 2017, but there are…

Source: International Monetary Fund (IMF) |

IMF Staff Team Completes Review Visit to the Central African Republic

IMF staff team and authorities reached broad agreement on policies which could form the basis for completing the third review. Restoration of peace, redeployment of the state, and implementation of reforms will be key to ensure sustainable economic recovery. The team encouraged the authorities to intensify revenue mobilization efforts, while…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Staff Visit to Gabon

The EFF-supported program will help Gabon restore macroeconomic stability and lay the basis for inclusive growth

Initial signs of economic recovery noted, but Gabon’s short-term outlook remains difficult. Arrears remain a drag on economic activity. Government expressed commitment to a rapid solution. Decisive Implementation will be key to ensure the success of the authorities’ program. Progress on structural reform implementation so far is welcome. An International…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Second Review Under the ECF Arrangement for the Central African Republic, Approves US$16.3 Million Disbursement, and an Augmentation of US$15.5 Million

Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects

The completion of the review enables a disbursement of US$16.3 million. Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects. Sustaining and accelerating efforts to mobilize domestic revenues and enhance budget transparency will create fiscal space for increasing social and capital spending. On…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves New US$ 312.1 Million Arrangement Under the Extended Credit Facility (ECF) for Chad and Cancels the Current Arrangement

Chad’s macroeconomic and financial performances have deteriorated significantly over the past two years

Board’s decision enables immediate disbursement of US$48.8 million for Chad. The arrangement will support the authorities’ stabilization and recovery strategy and help foster long term robust and inclusive growth. The arrangement will help stabilize the fiscal position, support a sustainable balance of payments position, and help rebuild the regional international…