Source: International Monetary Fund (IMF) |

IMF Executive Board completes first and second reviews of the Central African Republic’s arrangement under the Extended Credit Facility and approves US$ 34.4 Million disbursement

The Covid-19 pandemic has had a substantial impact on Central African Republic’s economy but appears now somewhat contained

The Executive Board of the International Monetary Fund (IMF) completed the first and second reviews of the Central African Republic’s (CAR) economic and financial program supported by an Extended Credit Facility (ECF) arrangement. Completion of the reviews enables the disbursement of SDR 23.87 million, about US$ 34.4million), bringing total disbursements under…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes Review Mission to Central African Republic

Welcomes the progress made in the fight against the Covid-19 pandemic

The IMF team welcomes the progress made in the fight against the Covid-19 pandemic and the preparation of next December’s presidential and legislative elections; the pandemic and the containment measures have had a significant impact on growth, inflation, and public finances; the Central African authorities and the IMF team discussed…

Source: International Monetary Fund (IMF) |

Opening Remarks at Mobilizing with Africa II High-Level Virtual Event

We are here today because COVID-19 continues its assault on the health and wellbeing of people, and on the economy

By Managing Director Kristalina Georgieva As prepared for delivery Excellencies, Ministers, Ladies and Gentlemen—thank you for participating in this important event. I am honored to co-host with President Malpass. And I would like to recognize U.N. Secretary General Guterres and AU Commission Chair Moussa Faki Mahamat. We are here today…

Source: International Monetary Fund (IMF) |

Coronavirus - Central African Republic: IMF Executive Board Approves a US$38 Million Disbursement to the Central African Republic to Address the COVID-19 Pandemic

The country will also benefit from IMF debt service relief under the Catastrophe Containment and Relief Trust

If not contained, the pandemic could have a considerable economic and social impact on the Central African Republic, a fragile state with limited existing capacity to contain it; To address the urgent balance-of-payments needs, the IMF approved US$38 million emergency assistance for the Central African Republic under the Rapid Credit…

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…