Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement with Mali on a New Economic and Financial Program Supported by the IMF under the Extended Credit Facility

Key objectives of the program include strengthening fiscal discipline and tax revenue mobilization through further revenue administration reforms

The Malian authorities and IMF staff reached a staff-level agreement on a new economic and financial program supported by the Extended Credit Facility (ECF). The new program is aimed at fostering strong and inclusive growth and poverty reduction through investment in infrastructure and social sectors, and stimulating jobs creation, notably…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Program Negotiation Mission to São Tomé and Príncipe

Significant progress was made in the discussions on the economic policies and reforms that could be supported by a new IMF arrangement

São Tomé and Príncipe’s economy is experiencing strong imbalances and slower growth; Reversing large deficit spending of 2018 and implementing comprehensive structural reforms in energy and tourism sectors are needed to unleash the growth potential; Significant progress was made in the discussions on the economic policies and reforms that could…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Staff Visit Mission for São Tomé and Príncipe

The mission team discussed with the new government its priorities and vision for economic development

A staff team from the International Monetary Fund (IMF) led by Xiangming Li visited São Tomé and Príncipe during January 23-31, 2019. At the end of the visit, Ms. Li issued the following statement: “The mission team discussed with the new government its priorities and vision for economic development, as…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff concludes visit to Guinea-Bissau

Achieving budget targets will require tight expenditure control

Economic performance in 2018 suffered from lower cashew income and weak domestic revenue mobilization; the draft budget for 2019 targets increased government revenue and a deficit below 3 percent of GDP; achieving budget targets will require tight expenditure control. An International Monetary Fund (IMF) team led by Tobias Rasmussen visited…

Source: International Monetary Fund (IMF) |

Bridging South Africa’s Economic Divide

David Lipton / Witwatersrand University, Johannesburg

Thank you very much for your kind introduction and the warm welcome from the Witwatersrand community. It is a pleasure to be back in South Africa. Let me begin with a tribute to South Africa’s achievements. This country offers an extraordinary legacy of freedom and reason that is a model…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Fifth Review Under the Extended Credit Facility and Approves US$26.9 Disbursement for Mali

On June 8, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the fifth review of Mali’s performance under an economic program supported by an Extended Credit Facility (ECF) arrangement. The Board’s decision enables the disbursement of SDR 19 million (about US$26.9 million), bringing total disbursements under the…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Review Mission to Ghana

A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from April 27-May 11, 2016, to conduct discussions on the third review of Ghana’s financial and economic program supported by the IMF’s Extended Credit Facility (ECF).[1] The discussions focused on the implementation of the program, the…

Source: International Monetary Fund (IMF) |

Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of Visit to Kenya

Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Nairobi at the end of his visit to Kenya during May 9–10, 2016: “I am impressed by Kenya’s achievements in recent years. Despite strong global headwinds, real GDP growth averaged 5.5…