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

International Monetary Fund (IMF) Staff Completes Staff-Level Agreement on the Fourth Review of the Extended Credit Facility Arrangement for Somalia

Continued assistance from multilateral and bilateral partners remains crucial to support the authorities’ policy efforts, especially in light of the high uncertainty and significant downside risks

Somalia has maintained strong reform implementation and program performance. IMF staff and the Somali authorities have reached a staff-level agreement on the 4th review of Somalia’s Extended Credit Facility (ECF) arrangement. Somalia’s economy continues to show resilience, despite external headwinds, and the 2025-26 growth is expected to reach 3-3¼ percent.…

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

International Monetary Fund (IMF) Staff Concludes Governance Diagnostic for The Gambia

An IMF mission led by Olivier Basdevant visited Banjul over the period January 10—24, 2023, to conduct a diagnostic of governance and corruption vulnerabilities in The Gambia

At the request of The Gambia authorities, an IMF mission conducted a diagnostic to assess the strength of the governance framework in The Gambia, identify vulnerabilities, including to corruption, and offer reform options, guided by the IMF’s framework for Enhanced Engagement in Addressing Governance Vulnerabilities. The authorities made significant progress…

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

IMF Management Approves the Completion of the First Review of the Staff-Monitored Program with the Republic of South Sudan

An effective follow-up by the appropriate institutions on the findings of the audit will be essential

IMF staff commends the authorities for implementing key economic reforms supported by the Staff-Monitored Program (SMP) that have stabilized the exchange rate, contributed to a significant decline in inflation, and unified the exchange rates in the market; it will be important to make sustained progress under the SMP, especially by…