International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jan 22, 2024

Strengthening Macro-fiscal and Budgeting Functions in Southern Africa

The event was organized by the IMF’s Regional Technical Assistance Center for Southern Africa (AFRITAC South)

Being a budget director, or the head of a macro-fiscal unit (MFU) of a ministry of finance, is a demanding job. So, it was an impressive combination of logistical ingenuity and good timing that brought together heads of budget and macro-fiscal functions from 11 Southern African countries for a regional…

Source: International Monetary Fund (IMF) | Oct 10, 2020

Opening Remarks at Mobilizing with Africa II High-Level Virtual Event

We are here today because COVID-19 continues its assault on the health and wellbeing of people, and on the economy

By Managing Director Kristalina Georgieva As prepared for delivery Excellencies, Ministers, Ladies and Gentlemen—thank you for participating in this important event. I am honored to co-host with President Malpass. And I would like to recognize U.N. Secretary General Guterres and AU Commission Chair Moussa Faki Mahamat. We are here today…

Source: International Monetary Fund (IMF) | Apr 08, 2020

Coronavirus: Morocco Draws on Funds Available under the Precautionary and Liquidity Line to Address COVID-19 Pandemic

The International Monetary Fund (IMF) remains closely engaged with the authorities to help them mitigate the impact of COVID-19 on Morocco’s economy

On April 7, the Moroccan authorities purchased all available resources (about US$ 3 billion) under the Precautionary and Liquidity Line (PLL) arrangement; The authorities will use funds purchased under the PLL to cope with the social and economic impact of COVID-19 and to maintain strong external buffers in a context…

Source: International Monetary Fund (IMF) | Feb 07, 2020

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang at the Conclusion of His Visit to Botswana

The International Monetary Fund (IMF) looks forward to strengthening its partnership and collaboration with Botswana and its people

Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), visited Botswana during February 4-7. At the conclusion of his visit, Mr. Zhang made the following statement: “I want to thank His Excellency President Masisi, Minister of Investment, Trade and Industry Serame, Acting Permanent Secretary to the President…

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

International Monetary Fund (IMF) Executive Board concludes 2019 Article IV Consultation with The Federal Democratic Republic of Ethiopia

Ethiopia has sustained high economic growth over the last decade

On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with The Federal Democratic Republic of Ethiopia. At the same time, the Board approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Ethiopia; a…

Source: International Monetary Fund (IMF) | Aug 07, 2019

International Monetary Fund (IMF) Staff completes Program Negotiation Mission to São Tomé and Príncipe

São Tomé and Príncipe’s economy is facing serious challenges and experiencing strong imbalances and sluggish growth

Significant progress was made in the discussions with the government on the economic policies and reforms that could be supported by a new IMF arrangement; São Tomé and Príncipe’s economy is facing serious challenges and experiencing strong imbalances and sluggish growth. Improving the business environment to promote economic activities is…

Source: International Monetary Fund (IMF) | Apr 04, 2019

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) | Mar 19, 2019

IMF Executive Board Concludes Regional Consultation with West African Economic and Monetary Union

Economic activity remains strong with subdued inflation

On March 18, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the regional consultation1 with WAEMU. Background Economic activity remains strong with subdued inflation. Despite adverse terms-of-trade shocks and security concerns in some member-countries, real GDP growth is estimated to have exceeded 6 percent for the 7th consecutive year…

Source: International Monetary Fund (IMF) | Mar 13, 2019

Opening Remarks: Rabat Conference on the Bali Fintech Agenda (by Tobias Adrian)

Promoting progress in Fintech will surely be a daunting challenge for policymakers

by Tobias Adrian Thank you, Governor Jouahri, for your eloquent opening remarks. And thank you to the Bank Al-Maghrib — which is celebrating its 60th anniversary this year — for hosting this conference. We’re pleased to join you here in Rabat, as we continue a series of conferences that we’re convening…

Source: International Monetary Fund (IMF) | Feb 22, 2019

IMF Staff Concludes Discussions on the Combined Seventh and Eighth Reviews of Ghana’s Extended Credit Facility Program

Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies

The Ghanaian authorities and the mission successfully concluded discussions, ad referendum, on economic policies to pave the way for consideration by the IMF Executive Board of the 7th and 8th reviews under the ECF-supported arrangement, which would successfully conclude the program. • Domestic revenue mobilization should remain a key priority…

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