Source: International Monetary Fund (IMF) |

Coronavirus - Madagascar: International Monetary Fund (IMF) Executive Board approves a US$ 165.99 Million Disbursement to the Republic of Madagascar to address the COVID-19 Pandemic

To mitigate the shock of the pandemic, the government is taking appropriate immediate actions

The Executive Board of the International Monetary Fund (IMF) today approved a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 122.2 million (about US$ 165.99million at today’s US$/SDR exchange rate, or 50 percent of the quota) to help the country meet the urgent balance of payment needs stemming…

Source: International Monetary Fund (IMF) |

Coronavirus – Rwanda: International Monetary Fund (IMF) Executive Board Approves a US$109.4 Million Disbursement to Rwanda to address the COVID-19 Pandemic

The economic impact of the COVID-19 pandemic is rapidly unfolding, with the near-term outlook deteriorating quickly

The IMF approved the disbursement of US$109.4 million to be drawn under the Rapid Credit Facility; The economic impact of the COVID-19 pandemic is rapidly unfolding, with the near-term outlook deteriorating quickly; The authorities have acted fast by putting in place measures to help contain and mitigate the spread of…

Source: International Monetary Fund (IMF) |

Ghana Requests Rapid Credit Facility Disbursement to Help Fight the Coronavirus

IMF’s African Department director Abebe Aemro Selassie today made the following statement: “Last week, the IMF received Ghana’s request for a disbursement under the Rapid Credit Facility to help the country address the economic impact of the COVID-19 pandemic. We are working hard to evaluate the authorities’ request and bring…

Source: International Monetary Fund (IMF) |

Commodities, Rainfall, Instability Biggest Challenges —African Ministers

Rising inflation, drops in currency due to political instability Low commodity prices adding to fiscal pressures Help from international community “paramount” Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.…

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 Holds Combined 2016 Article IV Consultation and Fifth ECF Review Mission to Sierra Leone

An International Monetary Fund (IMF) mission led by John Wakeman-Linn visited Freetown during March 15–29, 2016 to conduct the fifth review under the Extended Credit Facility (ECF) and hold the 2016 Article IV consultation discussions.1 At the conclusion of the visit, Mr. Wakeman-Linn issued the following statement: “Sierra Leone’s economy…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Mission to Liberia

A mission from the International Monetary Fund (IMF), led by Mr. Carlo Sdralevich, visited Monrovia during October 19–30, 2015 to conclude discussions on the fourth review of the government’s economic program supported by the IMF under the Extended Credit Facility (ECF) arrangement1 approved by the IMF Executive Board in November 2012.  At the…