Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff to Visit Ghana

IMF staff will further engage with other stakeholders during the visit

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, Mission Chief for Ghana, will visit Accra from September 26 – October 7 to continue discussions with the Ghanaian authorities on policies and reforms that could be supported by an IMF lending arrangement. IMF staff will also further engage…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2022 Article IV Consultation and IMF Management Completes Second Review Under Staff-Monitored Program with Republic of South Sudan

The authorities have taken encouraging steps to improve macroeconomic governance and liberalize the foreign exchange market

Despite a challenging economic environment, South Sudan has implemented many of the recommendations of the 2019 Article IV; The authorities have taken encouraging steps to improve macroeconomic governance and liberalize the foreign exchange market. Public Financial Management reforms have been initiated and continue to progress. Subject to continued implementation of…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2022 Article IV Consultation with Botswana

A successful vaccination campaign, prudent macroeconomic management, and strong demand for diamonds have allowed Botswana to recover to its pre-pandemic output level

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Botswana and endorsed the staff appraisal without a meeting on a lapse-of-time basis. [1] A successful vaccination campaign, prudent macroeconomic management, and strong demand for diamonds have allowed Botswana to recover to its pre-pandemic output level.…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Ghana

The IMF team met with H.E. Vice President Bawumia, Finance Minister Ofori-Atta, and Governor Addison of the Bank of Ghana

An International Monetary Fund (IMF) staff team led by Carlo Sdralevich visited Accra during July 6-13, 2022, to assess the current economic situation and discuss the broad lines of the government’s Enhanced Domestic Program that could be supported by an IMF lending arrangement. The IMF team met with H.E. Vice…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Egypt

The IMF staff team and the Egyptian authorities had productive discussions on economic policies and reforms to be supported by an IMF Extended Fund Facility (EFF)

An International Monetary Fund (IMF) team led by Ms. Céline Allard visited Cairo from June 26 to July 7 to discuss IMF support for the Egyptian authorities’ comprehensive economic reform program. At the end of the mission, Ms. Allard issued the following statement: “The IMF staff team and the Egyptian…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff to Visit Ghana

An IMF staff team will in the coming days kick-start discussions on a possible program to support Ghana’s homegrown economic policies

An International Monetary Fund (IMF) staff team, led by Carlo Sdralevich, mission chief for Ghana, will visit Accra from July 6 – 13 to begin initial discussions with the Ghanaian authorities about a possible IMF-supported program. Mr. Sdralevich issued the following statement at the start of the visit: “On the…

Source: International Monetary Fund (IMF) |

IMF Staff Visit Discusses Reform Plans and Economic Developments in Ethiopia

The authorities aim to address macroeconomic imbalances and remain committed to structural reforms to support a transition to private sector-led growth over the medium term

Multiple shocks hitting the Ethiopian economy have dampened growth, further increased inflation and created fiscal and external pressures; The authorities aim to address macroeconomic imbalances and remain committed to structural reforms to support a transition to private sector-led growth over the medium term; Delivery of a debt treatment for Ethiopia…

Source: International Monetary Fund (IMF) |

IMF Management Completes Third Review of the Staff-Monitored Program and IMF Executive Board Concludes 2022 Article IV Consultation with Guinea-Bissau

The authorities recognize that sustained medium-term economic growth would benefit from additional governance reforms and economic diversification

Guinea-Bissau’s economy has recovered well from the Covid-19 pandemic. Growth is projected to reach 3.8 percent in 2022 supported by a continued strong performance of the cashew sector and a relatively stable political situation; The successful completion of the Staff Monitored Program (SMP) reflects the authorities’ efforts to sustain strong…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Staff Visit with Nigeria

IMF team led by Ms. Jesmin Rahman held meetings with the Nigerian authorities from June 6-10, 2022, to discuss recent economic and financial developments

Real GDP growth is broadening to all sectors except oil, but inflation remains elevated; The economic outlook is challenging with high food prices raising food security concerns. An International Monetary Fund (IMF) team led by Ms. Jesmin Rahman held meetings with the Nigerian authorities from June 6-10, 2022, to discuss…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Staff Level Agreement on the Fifth Review of the Extended Credit Facility for Sierra Leone and Conducts the 2022 Article IV consultation

The program aims to build resilience and lay the foundations for stronger growth through fiscal consolidation and addressing debt vulnerabilities, while protecting the most vulnerable from the shock

IMF staff and the Sierra Leonean authorities have reached a staff-level agreement on economic policies to conclude the fifth review of the 55-month ECF financed program, releasing US$20.8 million in financing once the review is formally completed by the IMF Executive Board; The economic recovery from the pandemic has been…