Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the Third Review of Gabon’s Extended Arrangement and Approves US$99 Million Disbursement

Executive Board decision brings total International Monetary Fund (IMF) disbursements to Gabon to about US$395.9 million

The government’s reform program, supported by the IMF, aims to restore macroeconomic stability and lay the foundation for inclusive growth. On December 19, 2018, the Executive Board of the International Monetary Fund (IMF) completed the third review of Gabon’s economic program supported by an extended arrangement under the Extended Fund…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde at the Conclusion of a Visit to Ghana

Increasing revenue mobilization, preserving financial stability, improving management of the energy sector, and implementing responsible polices will help anchor investors

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Accra at the conclusion of her visit to Ghana "My visit to Accra has been very fruitful and informative, and I am extremely grateful for the warm hospitality of the people of Ghana.…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Third Review of the Extended Credit Facility Arrangement for Cameroon

Cameroon to receive the fourth US$76.3 million disbursement from International Monetary Fund (IMF)

Program performance has improved, with progress in delayed structural reforms; fund supported program aims to restore Cameroon’s and CEMAC’s external and fiscal sustainability and to encourage growth. The Executive Board of the International Monetary Fund (IMF) today completed the third review of the arrangement under the Extended Credit Facility (ECF)…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Fourth Reviews under an Extended Credit Facility and Extended Fund Facility for Côte d’Ivoire and Approves US$133.7 Million Disbursement

The country’s economic outlook remains robust, with growth projected at about 7½ percent in 2018–19

The budget deficit is projected to converge to the WAEMU regional norm of 3 percent of GDP in 2019; the program aims to achieve a sustainable balance of payments position, enhance domestic revenue mobilization, ensure debt sustainability, and foster inclusive growth and poverty reduction. On December 12, 2018, the Executive…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board completes Tenth Review under the Extended Credit Facility Arrangement for Mali and approves US$43.85 Million Disbursement

Completion of the review enables the immediate disbursement of SDR 31.65 million, bringing total disbursements under the arrangement to SDR 186.6 million

The near term macroeconomic outlook remains favorable, although there are considerable downside risks from the fragile security conditions, commodity prices changes, and weather conditions; program implementation is broadly on track. On December 10, 2018, the Executive Board of the International Monetary Fund (IMF) completed the Tenth Review of Mali’s performance…

Source: International Monetary Fund (IMF) |

International Monetary Fund Executive Board Completes Fourth Review Under the Extended Credit Facility

Arrangement for the Central African Republic and Approves US$ 32.1 Million Disbursement

Completion of the review enables a disbursement of US$ 32.1 million Program implementation has been satisfactory in a difficult context. Restoring peace and speeding the implementation of the development agenda are key to sustain the economic recovery and reduce poverty. Improving domestic resource mobilization is crucial for the scaling up…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff Level Agreement on the Fourth Review under the Extended Credit Facility for the Central African Republic

An International Monetary Fund (IMF) team led by Mr. Samir Jahjah held program discussions with the Central African Republic authorities on the fourth review of the program supported by an Extended Credit Facility (ECF)

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The view expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Visit to Gabon

An International Monetary Fund (IMF) staff team led by Alex Segura-Ubiergo visited Libreville from October 18 to November 1 for the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF)

The EFF-supported program will help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. Completion of the first review would enable a second program disbursement of SDR71.43 (about US$98.8 million). Gabon’s near-term economic outlook remains difficult, with growth expected at about 0.8 percent in 2017, but there are…

Source: International Monetary Fund (IMF) |

Statement at the end of an IMF Mission to the Republic of Congo

The IMF team was received by President Denis Sassou-Nguesso

An IMF staff team headed by Abdoul Aziz Wane visited Brazzaville from September 25 to October 4, 2017 to collect information, including to reassess the country’s debt, discuss cash management with the authorities, and conduct a scoping for a diagnostic study on governance issues in the Republic of Congo. At the…

Source: International Monetary Fund (IMF) |

Statement by IMF Deputy Managing Director Mitsuhiro Furusawa at the Conclusion of a Visit to Cameroon

Maintaining economic stability while making the transition toward a more inclusive and sustainable high growth will be key. Discussions focused on policies available for the authority to complete ongoing infrastructure projects and address bottlenecks in projects preparation. Strong ownership and steadfast implementation of the country's economic reform program supported by…