We use cookies to improve your experience. By your continued use of this site you accept such use.
International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Management Completes Second Review of the Staff-Monitored Program with Guinea Bissau

The authorities have made satisfactory progress on their reform program at end-September 2021 despite difficult socio-economic conditions compounded by the COVID-19 pandemic

IMF Management has approved the second review of Guinea Bissau’s Staff-Monitored Program (SMP), which supports the government’s program of reforms aimed at supporting macroeconomic stability and debt sustainability, strengthening social policies, and enhancing public governance. The authorities have made satisfactory progress toward establishing a strong track record of policy and…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus – Mauritania: International Monetary Fund (IMF) Executive Board Approves a US$130 Million Disbursement to the Islamic Republic of Mauritania to address the COVID-19 Pandemic

The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020

The IMF Executive Board approved the disbursement of US$130 million (SDR 95.680 million) to be drawn under the Rapid Credit Facility to help Mauritania cope with the COVID-19 pandemic; The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020. The IMF’s…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2020 Article IV Visit to the Kingdom of Lesotho

An International Monetary Fund (IMF) staff team, led by Joseph Thornton, visited Maseru from January 29 – February 11, 2020

In a context of policy uncertainty, the weak regional environment has depressed growth below the levels needed to reduce poverty and unemployment; High government spending should be refocused on areas that can have the biggest impact on delivering vital services, protecting the vulnerable, and supporting private sector growth; Reforms should…