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…

Source: International Monetary Fund (IMF) |

Coronavirus - Djibouti: IMF Executive Board Approves a US$ 43.4 Million Disbursement to Djibouti Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust to Address the COVID-19 Pandemic

IMF support will provide additional resources for the essential health and other emergency spending, including social safety nets

The IMF Executive Board approved a US$ 43.4 million loan to Djibouti to support the authorities’ response to the COVID-19 crisis, as well as debt relief under the CCRT, which will generate additional resources of US$ 2.3 million over the next five months, and potentially up to US$ 8.2 million…

Source: International Monetary Fund (IMF) |

Coronavirus - Uganda: International Monetary Fund (IMF) Executive Board approves a US$491.5 Million Disbursement to Uganda to address the COVID-19 Pandemic

The authorities have timely scaled up health spending and put in place bold measures to help contain and mitigate the spread of the disease

The Ugandan economy is severely affected by the COVID-19 pandemic; to address the urgent balance-of-payments and fiscal needs, the IMF approved US$491.5 million emergency assistance for Uganda under the Rapid Credit Facility; the authorities have timely scaled up health spending and put in place bold measures to help contain and…

Source: International Monetary Fund (IMF) |

Coronavirus – Malawi: International Monetary Fund (IMF) Executive Board Approves a US$91 Million Disbursement under the Rapid Credit Facility for Malawi

The pandemic is expected to have a significant impact on Malawi including affecting the near-term economic outlook, which has deteriorated significantly

The International Monetary Fund approved a disbursement of US$91 million under the Rapid Credit Facility to help Malawi meet the urgent balance of payment (BOP) needs stemming from the COVID-19 pandemic; The pandemic is expected to have a significant impact on Malawi including affecting the near-term economic outlook, which has…

Source: International Monetary Fund (IMF) |

Coronavirus - Ivory Coast: International Monetary Fund (IMF) Executive Board approves a US$886.2 million disbursement to Côte d’Ivoire to address the COVID-19 Pandemic

The economic impact of the COVID-19 pandemic is likely to be substantial, with the near-term outlook deteriorating quickly

The IMF approves the disbursement of US$886.2 million to Côte d’Ivoire to be drawn under the Rapid Credit Facility and the Rapid Financing Instrument; the economic impact of the COVID-19 pandemic is likely to be substantial, with the near-term outlook deteriorating quickly; the authorities’ policy response to the pandemic has…

Source: International Monetary Fund (IMF) |

Coronavirus - Gambia: International Monetary Fund (IMF) Executive Board approves a US$21.3 million disbursement to The Gambia to address the COVID-19 Pandemic

The global COVID-19 pandemic is straining The Gambian economy, notably as international travel and tourism are halted

The COVID-19 pandemic is projected to lower growth of The Gambian economy to 2.5 percent in 2020; to address the urgent balance-of-payments need, the IMF Executive Board has approved financial assistance for The Gambia in the amount of US$21.3 million under the Rapid Credit Facility. The country will also benefit…

Source: International Monetary Fund (IMF) |

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…

Source: International Monetary Fund (IMF) |

Coronavirus – Tunisia: International Monetary Fund (IMF) Executive Board Approves a US$745 Million Disbursement to Tunisia to Address the COVID-19 Pandemic

The economic impact of the COVID-19 pandemic is rapidly unfolding, with a sharp fall in growth expected for 2020

The IMF Executive Board approved a US$745 million emergency assistance loan to support Tunisia’s pro-active policy response to the Covid-19 pandemic; The economic impact of the COVID-19 pandemic is rapidly unfolding, with a sharp fall in growth expected for 2020; The IMF’s emergency support will provide additional resources for the…

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…