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 Staff Team Concludes the 2016 Article IV Consultation Mission with the Central African Republic and Reaches Staff-Level Agreement on an Economic Program Supported by an ECF Arrangement

An International Monetary Fund (IMF) team led by Samir Jahjah visited Bangui during May 17–27, 2016, to conduct discussions on the 2016 Article IV consultation. The mission also reached staff-level agreement with the authorities, subject to approval by IMF Management and the Executive Board, on an economic program that could…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2016 Article IV Mission to Guinea

An IMF staff team led by Abdoul Aziz Wane, visited Conakry from April 21 to May 5 for the 2016 Article IV consultation discussions with the authorities. At the conclusion of the mission, Mr. Wane made the following statement:[1] "The Guinean authorities have made significant progress in reducing macroeconomic imbalances…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Mission with Mali

A team from the International Monetary Fund (IMF), led by Lisandro Abrego, held discussions with the Malian authorities during April 4–19 in Washington, D.C. on the fifth review of Mali’s economic and financial program supported by the IMF under the Extended Credit Facility (ECF). At the conclusion of the discussions,…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Sixth and Seventh Reviews Under ECF Arrangement for Guinea, Extends Arrangement, and Approves a US$25.6 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the sixth and seventh reviews of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. The Board’s decision enables the immediate disbursement of SDR 18.36 million (about US$25.6 million), bringing total disbursements under the…

Source: International Monetary Fund (IMF) |

Nigeria—Act with Resolve, Build Resilience, and Exercise Restraint

By Christine Lagarde, Managing Director, International Monetary Fund, Speech to the Nigerian National Assembly Abuja, January 6, 2016

As prepared for delivery Introduction Honorable Speaker of the House, Honorable Members of Parliament, Honorable Members of the Government, Ladies and Gentlemen, Good morning—and—Happy New Year! I would like to thank you for the gracious introduction, and Members of Parliament and the people of Nigeria for their incredible hospitality. I…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Third and Fourth Review of Sierra Leone’s Arrangement under the Extended Credit Facility, and Approves US$46.14 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the third and fourth reviews of Sierra Leone's performance under a three-year arrangement under the Extended Credit Facility (ECF) and approved an augmentation of access of 45 percent of quota, equivalent to SDR 46.665 million (about US$64.59 million), to…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2015 Article IV Consultation and Third Review of the Precautionary and Liquidity Line Mission to Morocco

An International Monetary Fund (IMF) team, led by Nicolas Blancher, visited Morocco from October 21 to November 4, 2015 to conduct discussions with the Moroccan authorities on the 2015 Article IV consultation, as well as on the third review of economic performance under the Precautionary and Liquidity Line (PLL) arrangement…