International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | May 24, 2024

International Monetary Fund (IMF) Reaches Staff-Level Agreement on the Second Review of the Extended Credit Facility with the Union of the Comoros

Completing the review will make available SDR 3.56 million (about US$4.7 million) to Comoros, bringing total disbursements under the arrangement to about $14.1 million

The Comorian authorities and IMF staff have reached a staff-level agreement on economic policies and reforms for the second review under the 4-year ECF-supported program. The review, once formally completed by the IMF Executive Board, would release SDR 3.56 million (about US$4.7 million) in financing; Program performance has been generally good…

Source: International Monetary Fund (IMF) | May 23, 2024

International Monetary Fund (IMF) Staff Completes Mission to Malawi

The program was approved by the IMF Executive Board on November 15, 2023

An International Monetary Fund (IMF) team visited Lilongwe to discuss recent economic and financial developments, as well as economic policies that would underpin the First Review under the Extended Credit Facility (ECF) Arrangement; The team had productive discussions with the authorities. Discussions will continue in the coming weeks to finalize…

Source: International Monetary Fund (IMF) | May 13, 2024

Libya: Staff Concluding Statement of the 2024 Article IV Mission

Despite recent progress on some governance indicators, corruption is perceived to be an important concern in Libya

Libya's short- and medium-term economic outlook is dominated by the dynamics of hydrocarbon production. Libya urgently needs a clear economic vision for the future and the IMF will continue to help the authorities by providing capacity development support in several areas; The announced central bank reunification has led to welcome improvements…

Source: International Monetary Fund (IMF) | Jul 30, 2020

Coronavirus - Lesotho: IMF Executive Board Approves US$49.1 million in Emergency Support to Lesotho to Address the Covid-19 Pandemic

The IMF approved US$49.1 million emergency support under the Rapid Credit Facility and the Rapid Financing Instrument to help Lesotho meet urgent balance of payments needs stemming from the COVID-19 pandemic

The economic consequences of the COVID-19 pandemic in Lesotho have been severe, with a weak global and regional environment reducing exports and remittances; The IMF approved US$49.1 million emergency support under the Rapid Credit Facility and the Rapid Financing Instrument to help Lesotho meet urgent balance of payments needs stemming…

Source: International Monetary Fund (IMF) | Jun 27, 2020

Coronavirus - Egypt: IMF Executive Board Approves 12-month US$5.2 Billion Stand-By Arrangement for Egypt

Structural reforms will aim to continue strengthening the frameworks for public finances, improve governance and transparency, and reduce barriers to competition to ensure a path towards sustainable and inclusive private sector-led growth

The IMF approved a 12-month Stand-by Arrangement (SBA), with total access of about US$5.2 billion to address balance of payments financing needs arising from the COVID-19. Approval of the SBA enables the immediate disbursement of about US$2 billion; The SBA will support the authorities’ efforts to preserve the macroeconomic achievements…

Source: International Monetary Fund (IMF) | Jun 06, 2020

Coronavirus - Liberia: IMF Executive Board Approves a US$50 Million Disbursement to Liberia to Address the COVID-19 Pandemic

The authorities have responded by taking revenue and expenditure measures to support emergency food aid for the poor; improving monitoring and control of spending; and safeguarding scarce foreign exchange reserves

The IMF approved the disbursement of US$50 million (1.7 percent of GDP) under the Rapid Credit Facility to support the authorities’ response to the COVID-19 pandemic; The economic impact of the pandemic is hitting the poorest with little social safety net, and food security of those relying on uncertain daily…

Source: International Monetary Fund (IMF) | Apr 30, 2020

Coronavirus - Mali: IMF Executive Board Approves a US$200 Million Disbursement to Mali to Address the COVID-19 Pandemic

This assistance will help support urgent spending on health services and assistance to affected firms and households, while preserving overall social spending

The IMF approved a disbursement of US$200 million under the Rapid Credit Facility to help Mali meet urgent balance-of-payments and fiscal needs stemming from the COVID-19 pandemic; This assistance will help support urgent spending on health services and assistance to affected firms and households, while preserving overall social spending; The…

Source: International Monetary Fund (IMF) | Apr 28, 2020

Coronavirus - Nigeria: IMF Executive Board Approves US$ 3.4 Billion in Emergency Support to Nigeria to address the COVID-19 Pandemic

The COVID-19 outbreak has magnified existing vulnerabilities, leading to a historic contraction in real GDP growth and to large external and fiscal financing needs

The IMF approved US$3.4 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19 shock and the sharp fall in oil prices; The COVID-19 outbreak has magnified existing vulnerabilities, leading to a historic contraction in real…

Source: International Monetary Fund (IMF) | Apr 20, 2020

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) | Apr 18, 2020

Coronavirus - Ivory Coast: International Monetary Fund (IMF) Executive Board approves a US$886.2 million disbursement to Côte d’Ivoire to address the COVID-19 Pandemic

The economic impact of the COVID-19 pandemic is likely to be substantial, with the near-term outlook deteriorating quickly

The IMF approves the disbursement of US$886.2 million to Côte d’Ivoire to be drawn under the Rapid Credit Facility and the Rapid Financing Instrument; the economic impact of the COVID-19 pandemic is likely to be substantial, with the near-term outlook deteriorating quickly; the authorities’ policy response to the pandemic has…

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