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…

International Monetary Fund (IMF) Staff conclude their 2019 Article IV Consultation Mission and the Fourth and Fifth Reviews of the Extended Fund Facility (EFF) arrangement in Gabon

It was agreed that generating stronger and more inclusive growth requires robust measures and far-reaching reforms

The economy is slowly recovering, but significant challenges still need to be addressed to generate stronger and more inclusive growth; it was agreed that generating stronger and more inclusive growth requires robust measures and far-reaching reforms to improve governance, increase domestic revenue mobilization, enhance the management and effectiveness of public…

Sierra Leone: International Monetary Fund (IMF) Staff concludes First ECF Review Mission

The economic landscape in Sierra Leone remains challenging

The Sierra Leone authorities and IMF mission concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the first review under the ECF-supported program; continued actions to mobilize revenue and manage public finances remain key priorities to reduce public debt and…

International Monetary Fund (IMF) Staff Completes 2019 Article IV Mission to Cabo Verde

Cabo Verde’s external position strengthened in 2018 with the current account deficit narrowing to 4.5 percent of GDP

Fiscal consolidation efforts should continue to preserve gains made in recent years in strengthening public finances, and to support medium-term debt sustainability; continued progress in State-owned enterprises reforms is critical to reduce fiscal risks, support medium-term debt sustainability and economic growth. In this context, the recent privatization of the national…

IMF Staff Concludes Discussions on the Combined Seventh and Eighth Reviews of Ghana’s Extended Credit Facility Program

Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies

The Ghanaian authorities and the mission successfully concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the 7th and 8th reviews under the ECF-supported arrangement, which would successfully conclude the program. • Domestic revenue mobilization should remain a key priority…

Ghana: Staff Concluding Statement of the 2017 Article IV Consultation Mission and Discussions for the Fourth Review under the Extended Credit Facility

Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to…

IMF Staff Team Concludes the 2016 Article IV Consultation Mission with the Central African Republic and Reaches Staff-Level Agreement on an Economic Program Supported by an ECF Arrangement

An International Monetary Fund (IMF) team led by Samir Jahjah visited Bangui during May 17–27, 2016, to conduct discussions on the 2016 Article IV consultation. The mission also reached staff-level agreement with the authorities, subject to approval by IMF Management and the Executive Board, on an economic program that could…

IMF Executive Board Completes Second Review Under the Policy Support Instrument (PSI) for Senegal

The Executive Board of the International Monetary Fund (IMF) completed the second review of Senegal’s economic performance under a program supported by the Policy Support Instrument (PSI)1. The PSI for Senegal was approved on June 24, 2015 (see Press Release No. 15/297). Following the Executive Board discussion, Mr. Mitsuhiro Furusawa, Deputy…

Statement by IMF Managing Director Christine Lagarde at the Conclusion of a Visit to Nigeria

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement in Abuja today at the conclusion of her visit to Nigeria: “My visit to Nigeria has been extremely fruitful and informative. I wish to thank President Muhammadu Buhari for meeting with me to discuss Nigeria’s…

Nigeria—Act with Resolve, Build Resilience, and Exercise Restraint

By Christine Lagarde, Managing Director, International Monetary Fund, Speech to the Nigerian National Assembly Abuja, January 6, 2016

As prepared for delivery Introduction Honorable Speaker of the House, Honorable Members of Parliament, Honorable Members of the Government, Ladies and Gentlemen, Good morning—and—Happy New Year! I would like to thank you for the gracious introduction, and Members of Parliament and the people of Nigeria for their incredible hospitality. I…