International Monetary Fund (IMF) / Press Release

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…

Source: International Monetary Fund (IMF) | Oct 27, 2023

International Monetary Fund (IMF) Staff Completes the First Review of the Arrangements under the Extended Fund Facility and Extended Credit Facility for the Islamic Republic of Mauritania and Concludes an Arrangement under the Resilience and Sustainability Facility

The RSF arrangement will support Mauritania’s efforts to strengthen its resilience to climate shocks, to enhance its disaster risk management capacities, and to expedite the transition toward cleaner energy sources

IMF staff and the Mauritanian authorities reached a preliminary agreement to complete the first review of the program supported by the Extended Credit Facility and the Extended Fund Facility, and a preliminary staff level agreement for a program under the IMF Resilience and Sustainability Facility (RSF) for a total amount…

Source: International Monetary Fund (IMF) | Jul 07, 2023

International Monetary Fund (IMF) Executive Board Completes the Second Review under the Extended Credit Facility Arrangement for the Republic of Mozambique

The monetary policy consultation clause (MPCC) band was breached at the lower bound, as inflation decelerated faster than expected

The Executive Board of the International Monetary Fund (IMF) completed the Second Review under the three-year ECF arrangement for Mozambique. This allows for the immediate disbursement of SDR 45.44 million (about US$ 60.6 million), usable for budget support, bringing Mozambique’s total disbursements under the ECF arrangement to SDR 159.04 million (about…

Source: International Monetary Fund (IMF) | May 24, 2023

International Monetary Fund (IMF) Executive Board Approves US $3.5 billion Extended Fund Facility and Extended Credit Facility for Côte d’Ivoire

The Executive Board’s decision enables an immediate disbursement of SDR 371.7 million (US$495.4 million), which the Ivorian authorities intend to use for budget support

The Executive Board of the International Monetary Fund (IMF) approved 40-month arrangements under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) for Côte d’Ivoire in the amount of SDR 2,601.6 million (equivalent to 400 percent of quota or about US$3.5 billion). The program is consistent with the…

Source: International Monetary Fund (IMF) | May 19, 2023

International Monetary Fund (IMF) and Madagascar Reach Staff-Level Agreement on the Fourth Review of the Extended Credit Facility Arrangement

The agreement is subject to approval by the IMF Management and Executive Board, with Board consideration expected in June

IMF team and the Malagasy authorities reached a staff-level agreement on the fourth review of Madagascar’s economic reform program under the Extended Credit Facility. This staff-level agreement is subject to IMF Management approval and consideration by the IMF Executive Board. Growth is expected to stabilize around 4.0 percent in 2023,…

Source: International Monetary Fund (IMF) | May 19, 2023

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Cameroon on the Fourth Reviews of the Extended Credit Facility and the Extended Fund Facility

The mission has reached staff-level agreement with the Cameroonian authorities on the economic and financial policies that could support the approval of the fourth reviews of the program under the ECF and EFF arrangements

IMF staff and the Cameroonian authorities have reached staff-level agreement on economic policies to conclude the fourth reviews of the three-year program under the ECF and EFF arrangements. Cameroon will have access to SDR 55.2 million (about US$73.8 million) in financing once the review is formally completed by the IMF…

Source: International Monetary Fund (IMF) | May 09, 2023

International Monetary Fund (IMF) and Niger Reach Staff-Level Agreement on the Third Review of the Extended Credit Facility and a New Program under the Resilience and Sustainability Facility

The Nigerien authorities and the IMF team reached a staff-level agreement on the third review of Niger’s economic program under the Extended Credit Facility and a new program under the Resilience and Sustainability Facility

IMF Staff and Nigerien Authorities have reached an agreement at the staff level on the third review of Niger's economic program under the Extended Credit Facility (ECF) and a new program under the Resilience and Sustainability Facility (RSF); The economic outlook is favorable over the near and medium term, with…

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