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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Mauritius' Economy Depends on Sustainable Public Finances

Fiscal sustainability relies on increasing revenues, reforming pensions, and spending more efficiently

The island of Mauritius was once the native habitat of the dodo—a striking, flightless bird that went extinct in the face of unsustainable hunting by sailors. Today, the dodo is a national symbol for the country, representing the importance of conservation and sustainability efforts.   Economies are also shaped by human…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Cabo Verde: International Monetary Fund (IMF) Executive Board Concludes the Sixth Review Under the Extended Credit Facility Arrangement and Approves the Requests for Extension and Augmentation of the Arrangement, and the Extension and Rephasing Under the Resilience and Sustainability Facility Arrangement

Cabo Verde’s economy continues to perform well, underpinned by tourism, robust export performance, and private consumption growth

The IMF Executive Board completed the sixth review under the Extended Credit Facility (ECF) arrangement and approved a fifteen-month extension and an augmentation equivalent to thirty percent of quota under the ECF arrangement. The Executive Board also approved a fifteen-month extension of the Resilience and Sustainability Facility (RSF) arrangement and…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

How to Stabilize Africa's Debt

Successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment

In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on and public debt ratios have stabilized on average. Our analytical note in the IMF’s latest Regional Economic Outlook for sub-Saharan Africa uses a…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Kingdom of Lesotho: Staff Concluding Statement of the 2025 Article IV Mission

An International Monetary Fund (IMF) team led by Mr. Andrew Tiffin held meetings in Maseru with the authorities of Lesotho and other counterparts from the public and private sectors and civil society from June 4 to 17, 2025, as part of the 2025 Article IV consultation

Against a backdrop of low growth, high unemployment, and widespread poverty, Lesotho’s government-led growth model has long struggled to deliver on the authorities’ growth and development goals. Now, an additional set of external shocks has further clouded the outlook. From a modest peak of 2.6 percent in FY24/25, GDP growth…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Cameroon on the Third Review of Resilience and Sustainability Facility and Eighth Reviews of Extended Credit Facility and Extended Fund Facility

An International Monetary Fund (IMF) team, led by Ms. Cemile Sancak, Mission Chief for Cameroon, visited Yaoundé from April 30 to May 8 and held subsequent meetings

The IMF and the Cameroonian authorities have reached a staff-level agreement on the eighth reviews of the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF), and the third review of the Resilience and Sustainability Facility (RSF). Cameroon’s economy picked up slightly with real growth estimated at 3.5 percent…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

How Nigeria Can Unleash its Economic Potential

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria’s progress

Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the Second Reviews Under the Extended Credit Facility and the Resilience and Sustainability Facility Arrangements with the Republic of Madagascar

The current account deficit widened to 5.4 percent of GDP in 2024, due to continued weak performance in some mining subsectors; it is expected to widen further (to 6.1 percent of GDP) this year, amidst challenging prospects in the textile industry and the vanilla sector

The IMF Executive Board completed the Second Reviews under the Extended Credit Facility (ECF) arrangement and the Resilience and Sustainability Facility (RSF) arrangement for the Republic of Madagascar, allowing for an immediate disbursement of SDR 77.392 million (about US$107 million). Madagascar’s performance under the ECF and RSF has been satisfactory.…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the First Review under the Extended Credit Facility Arrangement for the Democratic Republic of the Congo

The DRC has been facing significant challenges amid the intensification of the armed conflict in its eastern part since end-2024

The IMF Executive Board has completed the first review under the Extended Credit Facility arrangement for the Democratic Republic of the Congo. The decision allows for an immediate disbursement of US$ 261.9 million towards international reserves, to continue building buffers. The DRC’s economy has been resilient in a challenging environment…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission with Nigeria

The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.(1) The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

Djibouti's GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy

Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital…