International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Apr 18, 2025

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

An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, visited Lagos and Abuja on April 2–15 to hold discussions for the 2025 Article IV Consultations with Nigeria

The Nigerian authorities have taken important steps to stabilize the economy, enhance resilience, and support growth. These reforms have put Nigeria in a better position to navigate the external environment. The macroeconomic outlook is marked by significant uncertainty. Elevated global risk sentiment and lower oil prices impact the Nigerian economy.…

Source: International Monetary Fund (IMF) | Mar 16, 2024

International Monetary Fund (IMF) Executive Board Approves US$1.3 Billion under the Resilience and Sustainability Facility for Cote d’Ivoire

The RSF arrangement will support the reforms of the Ivorian authorities to strengthen adaptation and mitigation, particularly in the areas of agriculture, transport, infrastructure, and public financial management

The IMF Executive Board approved a 30-month RSF arrangement for Côte d’Ivoire for a total amount of SDR975.6 million (approximately US$1.3 billion); Côte d’Ivoire is exposed and vulnerable to climate change. Rising temperatures, rainfall disruptions, flooding, rising sea levels and coastal erosion are major challenges and represent recurring risks for…

Source: International Monetary Fund (IMF) | Nov 02, 2023

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Cabo Verde on a Resilience and Sustainability Facility and the Third Review under the Extended Credit Facility Arrangement

The IMF team and the Cabo Verdean authorities reached staff-level agreement on the policies needed to complete the third review under the ECF-supported program as well as on the request to access financial resources from the RSF

The IMF and Cabo Verde authorities reached a staff-level agreement on a request for access under the newly established Resilience and Sustainability Trust (approximately US$ 31.69 million) and the completion of the third review under the 36-month Extended Credit Facility; The authorities are taking important steps to strengthen the economic reform…

Source: International Monetary Fund (IMF) | Oct 27, 2023

International Monetary Fund (IMF) Staff Completes the First Review of the Arrangements under the Extended Fund Facility and Extended Credit Facility for the Islamic Republic of Mauritania and Concludes an Arrangement under the Resilience and Sustainability Facility

The RSF arrangement will support Mauritania’s efforts to strengthen its resilience to climate shocks, to enhance its disaster risk management capacities, and to expedite the transition toward cleaner energy sources

IMF staff and the Mauritanian authorities reached a preliminary agreement to complete the first review of the program supported by the Extended Credit Facility and the Extended Fund Facility, and a preliminary staff level agreement for a program under the IMF Resilience and Sustainability Facility (RSF) for a total amount…

Source: International Monetary Fund (IMF) | Jun 09, 2023

International Monetary Fund (IMF) Staff Concludes Visit to Equatorial Guinea

Equatorial Guinea’s economy expanded in 2022 for the first time since 2014, with real GDP growth estimated at 2.2 percent

A team from the International Monetary Fund (IMF), led by Mesmin Koulet-Vickot, conducted a mission during May 29–June 7, 2023, to update macroeconomic projections based on recent developments and take stock of the authorities’ policy vision and priorities. At the end of the visit, Mr. Koulet-Vickot issued the following statement:…

Source: International Monetary Fund (IMF) | Mar 31, 2022

IMF Staff Concludes Visit to Chad

The new 36-month ECF arrangement, in an amount of SDR 392.56 million will help meet Chad’s large balance-of-payments and budgetary needs

The Chadian authorities and the staff of the International Monetary Fund (IMF) started discussions for the first review under the ECF-supported program approved on December 10. These discussions will continue in the coming days. Chad’s economic and financial situation was weaker than expected in 2021. Oil production was significantly lower…

Source: International Monetary Fund (IMF) | Jan 11, 2022

IMF Executive Board Completes the Fourth Review Under the Policy Coordination Instrument and the First Reviews Under the Stand-By Arrangement and the Arrangement Under the Standby Credit Facility, and Concludes the 2021 Article IV Consultation for Senegal

Senegal’s three-year PCI was approved on January 10, 2020

Recent indicators suggest that a strong recovery is underway, driven by industrial production, services, and retail activity. COVID-19 case numbers remain comparatively low and about 14 percent of the adult population is vaccinated. Performance under the program remains satisfactory. Concurrently with the PCI, the SCF/SBA arrangements are helping support the…

Source: International Monetary Fund (IMF) | Jul 22, 2020

Coronavirus - Chad: International Monetary Fund (IMF) Executive Board approves an additional US$69.49 Million disbursement for Chad and notes Cancellation of its Extended Credit Facility (ECF) Arrangement

Disbursement will provide timely support to fill an urgent financing need to contain the economic impact of the pandemic and provide essential COVID-19-related health expenditure

This is the second disbursement under the Rapid Credit Facility (RCF), to address urgent balance of payment needs stemming from the COVID-19 pandemic; the Chadian economy continues to be severely impacted by the twin Covid-19 pandemic and terms of trade shocks, which led to a weaker than previously envisaged economic…

Source: International Monetary Fund (IMF) | Jul 01, 2020

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

Source: International Monetary Fund (IMF) | Jun 03, 2020

Coronavirus - Sierra Leone: International Monetary Fund (IMF) Executive Board Approves US$143 Million Disbursement to Sierra Leone to Address the COVID-19 Pandemic

The COVID-19 pandemic is severely impacting Sierra Leone’s economy

The COVID 19 pandemic is taking a heavy toll on Sierra Leone’s economy, jeopardizing hard-won gains since the Ebola health crisis; The IMF approved the disbursement of US$143 million under the Rapid Credit Facility to support the authorities’ response to the pandemic; The Sierra Leonean authorities are taking decisive and…

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