Coronavirus – Niger: International Monetary Fund (IMF) Executive Board Approves a US$114.49 Million Disbursement to Niger to address the COVID-19 Pandemic

The government of Niger has acted quickly to put in place containment measures and is seeking support from the international community for its crisis response plan

The IMF approved the disbursement of US$114.49 million (SDR83.66 million) to be drawn under the Rapid Credit Facility to help Niger cope with the COVID-19 pandemic; The pandemic is inflicting significant economic damage on growth, public finances, and the balance of payments; The government of Niger has acted quickly to…

International Monetary Fund (IMF) Staff Concludes 2019 Article IV Consultation Mission to Ghana

Ghana’s macroeconomic outlook remains favorable, supported by strong activity in the extractive industry and a safer banking system

The macroeconomic outlook remains favorable, supported by overall prudent economic policies, strong extractive industry activity, and a safer banking system; Maintaining fiscal discipline in the run-up to the 2020 elections will be critical to safeguard the macroeconomic gains achieved since 2017; Tightening monetary policy may become necessary should price or…

IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility

In response to a request from the Egyptian authorities, an International Monetary Fund (IMF) mission led by Mr. Chris Jarvis visited Cairo from July 30 to August 11, 2016 to discuss support for the authorities’ economic reform program through IMF financial assistance

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views 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…

Statement by IMF First Deputy Managing Director David Lipton at the Conclusion of Visit to Kenya

Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Nairobi at the end of his visit to Kenya during May 9–10, 2016: “I am impressed by Kenya’s achievements in recent years. Despite strong global headwinds, real GDP growth averaged 5.5…

IMF Staff Completes Review Mission to Uganda

A team from the International Monetary Fund (IMF) led by Roger Nord, IMF Mission Chief and Deputy Director of the African Department, visited Kampala from March 21 to April 6, to conduct the sixth review of Uganda’s economic program supported by the Policy Support Instrument (PSI).[1] At the end of…

IMF Executive Board Completes the Third Review of the Precautionary and Liquidity Line for Morocco

On January 27, 2016, the Executive Board of the International Monetary Fund (IMF) completed the third and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement…