International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jul 15, 2025

Mauritius' Economy Depends on Sustainable Public Finances

Fiscal sustainability relies on increasing revenues, reforming pensions, and spending more efficiently

The island of Mauritius was once the native habitat of the dodo—a striking, flightless bird that went extinct in the face of unsustainable hunting by sailors. Today, the dodo is a national symbol for the country, representing the importance of conservation and sustainability efforts. Economies are also shaped by human…

Source: International Monetary Fund (IMF) | Jul 10, 2025

Cabo Verde: International Monetary Fund (IMF) Executive Board Concludes the Sixth Review Under the Extended Credit Facility Arrangement and Approves the Requests for Extension and Augmentation of the Arrangement, and the Extension and Rephasing Under the Resilience and Sustainability Facility Arrangement

Cabo Verde’s economy continues to perform well, underpinned by tourism, robust export performance, and private consumption growth

The IMF Executive Board completed the sixth review under the Extended Credit Facility (ECF) arrangement and approved a fifteen-month extension and an augmentation equivalent to thirty percent of quota under the ECF arrangement. The Executive Board also approved a fifteen-month extension of the Resilience and Sustainability Facility (RSF) arrangement and…

Source: International Monetary Fund (IMF) | Jul 07, 2025

How Nigeria Can Unleash its Economic Potential

Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria’s progress

Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check…

Source: International Monetary Fund (IMF) | Jul 03, 2025

International Monetary Fund (IMF) Executive Board Completes the First Review under the Extended Credit Facility Arrangement for the Democratic Republic of the Congo

The DRC has been facing significant challenges amid the intensification of the armed conflict in its eastern part since end-2024

The IMF Executive Board has completed the first review under the Extended Credit Facility arrangement for the Democratic Republic of the Congo. The decision allows for an immediate disbursement of US$ 261.9 million towards international reserves, to continue building buffers. The DRC’s economy has been resilient in a challenging environment…

Source: International Monetary Fund (IMF) | Apr 18, 2025

International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission to Nigeria

An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, visited Lagos and Abuja on April 2–15 to hold discussions for the 2025 Article IV Consultations with Nigeria

The Nigerian authorities have taken important steps to stabilize the economy, enhance resilience, and support growth. These reforms have put Nigeria in a better position to navigate the external environment. The macroeconomic outlook is marked by significant uncertainty. Elevated global risk sentiment and lower oil prices impact the Nigerian economy.…

Source: International Monetary Fund (IMF) | Apr 17, 2025

International Monetary Fund (IMF) Staff Conclude the 2025 Article IV Discussions and Reach Staff-Level Agreement with Tanzania on the Fifth Review of the Extended Credit Facility and the Second Review of the Resilience and Sustainability Facility

A staff team from the International Monetary Fund (IMF) led by Mr. Nicolas Blancher, visited Tanzania during April 2-17, 2025, and held discussions on the 2025 Article IV consultation, the fifth review under the Extended Credit Facility (ECF)

The IMF and Tanzanian authorities have reached staff-level agreement on the fifth review under the Extended Credit Facility (ECF) and the second review under the Resilience and Sustainability Facility (RSF). Once approved by the IMF Executive Board, Tanzania will gain access to US$441 million in financing. Tanzania’s economic outlook is…

Source: International Monetary Fund (IMF) | Mar 30, 2024

International Monetary Fund (IMF) Executive Board Completes the First and Second Reviews of Extended Fund Facility Arrangement for Egypt, Approves Augmentation of the Arrangement

The plan is centered on a liberalized foreign exchange system in the context of a flexible exchange rate regime

The IMF Board today completed the First and Second Reviews of the extended arrangement under the Extended Fund Facility (EFF) for Egypt and approved an augmentation of the original program by about US$5 billion (SDR 3.76 billion), allowing the authorities to draw the equivalent of about US$820 million (SDR 618.1…

Source: International Monetary Fund (IMF) | Mar 12, 2024

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Guinea Bissau on Fourth and Fifth Reviews of Extended Credit Facility Arrangement

Conclusion of the Fourth and Fifth Reviews by the IMF Executive Board, tentatively scheduled for mid-May 2024, would enable the disbursement of SDR 6.17 million (about US$ 8.2 million), bringing total disbursement under the arrangement to SDR 19.44 million

A team from the International Monetary Fund (IMF) led by Jose Gijon, Mission Chief for Guinea Bissau, held videoconferences and meetings in Bissau during February 28– March 11, 2024, to discuss macroeconomic policies in the context of the Fourth and Fifth Reviews of the ECF arrangement [[1]]. The initial arrangement was…

Source: International Monetary Fund (IMF) | Jan 26, 2024

International Monetary Fund (IMF) Staff Completes 2023 Article IV Mission to Djibouti

Staff projects that the recovery will continue in 2024, albeit at a lower pace, and subject to significant risks stemming from the situation in the Red Sea and developments in Ethiopia

Strong rebound in activity in 2023 but regional geopolitical developments pose important risks to continued recovery; Finalizing the preliminary agreement on debt reprofiling with the main creditor would open a window of opportunity for the authorities to develop a sustainable strategy for public finances in the medium term; Concerted action…

Source: International Monetary Fund (IMF) | Dec 12, 2023

International Monetary Fund (IMF) Executive Board Concludes the Third Review of the Extended Credit Facility Arrangement and Approves US$31.45 Million under the Resilience and Sustainability Facility for Cabo Verde

The RSF will support the government’s effort to implement macro-critical climate reforms and catalyze private finance for climate adaptation and transition

The IMF Executive Board completed the third review under the 36-month Extended Credit Facility (ECF) arrangement with Cabo Verde, providing the country with access to SDR 4.5 million (about US$6 million), and approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF), in the amount of 100 percent of…

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