Source: International Monetary Fund (IMF) |

Looking Ahead to Chart Today’s Course: The Future of Work in sub-Saharan Africa

Opening Remarks by Christine Lagarde, Managing Director, International Monetary Fund

As Prepared for Delivery Introduction Thank you, Minister Gyan-Baffour, for that kind introduction. I would like to extend my sincere gratitude to Vice-President Bawumia and the Ghanaian government for co-hosting this conference with the IMF. Your excellency, Vice-President Bawumia, Minister Gyan-Baffour, honored guests — it is my pleasure to welcome…

Source: International Monetary Fund (IMF) |

Egypt Moving Forward: Key Challenges and Opportunities

Over the next five years, around 3.5 million young Egyptians are projected to join the labor force

The most important issues that face Egypt over the coming years are tied to a rapidly growing population, the modernization of its economy, and how best to ensure a modern social safety net to protect the most vulnerable in society. Below, IMF Mission Chief for Egypt Subir Lall discusses these…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to The Gambia

Forward-looking discussions focused on economic and financial policy commitments for the remainder of the SMP, which was extended through September 2018 to enable the completion of the program reform agenda

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. This mission will not result in a…

Source: International Monetary Fund (IMF) |

Inclusive Growth and Job Creation in Egypt

Remarks to the Government of Egypt-IMF Conference: IMF First Deputy Managing Director David Lipton

Thank you for Minister El-Garhy for your kind introduction. I am very happy to be in Cairo, and honored to see that we are joined this evening by such a distinguished group. I would like to thank the Government of Egypt for agreeing to organize this conference with the IMF.…

Source: International Monetary Fund (IMF) |

The International Monetary Fund (IMF), Central Bank of Egypt and Government of Egypt to Host Inclusive Growth and Job Creation Conference in Egypt

The conference will bring together international and Egyptian high-level policymakers and other experts to exchange perspectives, and to reflect on successful international reform experience and how these could be relevant in the Egyptian context

The International Monetary Fund (IMF), the Central Bank of Egypt (CBE) and the Government of Egypt will co-host a high-level conference in Cairo on May 5-6, 2018, on promoting higher economic growth and job creation in Egypt. The aim of this event is to recognize the successes in macroeconomic stabilization…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Second Review under the Extended Fund Facility (EFF) Arrangement for Tunisia

The completion of the review allows the authorities to draw an amount equivalent to SDR 176.7824 million (about US$257.3 million)

The government’s reform program supported by the EFF arrangement aims at reducing high and growing macroeconomic imbalances, ensuring adequate social protection, and fostering private sector-led, job-creating growth. Growth-friendly and socially-conscious reforms will help stabilize public debt below 73 percent of GDP by 2020 and raise investment and social spending. Continued…

Source: International Monetary Fund (IMF) |

Statement by IMF Managing Director on Meeting with the Tunisian Prime Minister Youssef Chahed

Statement by IMF Managing Director on Meeting with the Tunisian Prime Minister Youssef Chahed: “The Prime Minister and I had a very productive meeting. We discussed the recent events in Tunisia and the government’s efforts to improve the economy.” “We understand the frustration of the Tunisian people who have not…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Visit to Gabon

An International Monetary Fund (IMF) staff team led by Alex Segura-Ubiergo visited Libreville from October 18 to November 1 for the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF)

The EFF-supported program will help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. Completion of the first review would enable a second program disbursement of SDR71.43 (about US$98.8 million). Gabon’s near-term economic outlook remains difficult, with growth expected at about 0.8 percent in 2017, but there are…

Source: International Monetary Fund (IMF) |

Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves

“The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. At the same time, by strengthening social protection measures, they have sought to protect the most vulnerable. We have seen that economic activity has been gathering…

Source: International Monetary Fund (IMF) |

Building on Success: Achieving Tanzania's Goal of Middle-Income Status - Speech by IMF Deputy Managing Director Tao Zhang

Speech by IMF Deputy Managing Director Tao Zhang: Introduction Thank you, Governor, for your kind introduction. I would also like to offer my appreciation to the Bank of Tanzania for hosting this event. This conference center has played an important role in Africa’s relations with the IMF: the first event…