IMF Staff Completes 2022 Article IV Consultation Mission to Burundi

IMF staff held productive discussions with the authorities on the recent economic developments

The Burundian economy recovered moderately in 2021 and is expected to strengthen further in 2022, despite the effects of the war in Ukraine. In the medium term, Burundi will continue to grapple with the challenges of balancing priority social, development and COVID-19-related spending with external and debt sustainability; the current account…

IMF Staff Concludes Article IV Mission to Zimbabwe

An International Monetary Fund (IMF) staff team, led by Dhaneshwar Ghura, Mission Chief for Zimbabwe, held discussions through virtual meetings in the context of the 2021 Article IV consultation

The COVID-19 crisis impacted an already weakened economy following cyclone Idai and a protracted drought. Containment and support measures introduced by the authorities helped in mitigating the adverse effects of the pandemic; economic activity is recovering, and mass vaccination continues steadily. But downside risks remain, dominated by the pandemic’s evolution,…

International Monetary Fund (IMF) Executive Board completes Sixth Review under the Extended Credit Facility Arrangement for the Central African Republic and approves US$ 31.70Million disbursement

The Central African Republic’s performance under the ECF arrangement remains satisfactory despite a challenging security environment and difficult humanitarian conditions

Substantial progress has been achieved under the ECF arrangement, including in stabilizing the economy, reducing fiscal vulnerabilities, and improving public financial management; the recent peace agreement between the government and 14 armed groups could constitute a pivotal step toward ending the ongoing crisis; the authorities remain committed to pursuing fiscal policy…

IMF Reaches Staff-Level Agreement with Mali on a New Economic and Financial Program Supported by the IMF under the Extended Credit Facility

Key objectives of the program include strengthening fiscal discipline and tax revenue mobilization through further revenue administration reforms

The Malian authorities and IMF staff reached a staff-level agreement on a new economic and financial program supported by the Extended Credit Facility (ECF). The new program is aimed at fostering strong and inclusive growth and poverty reduction through investment in infrastructure and social sectors, and stimulating jobs creation, notably…

International Monetary Fund (IMF) Staff completes mission to Comoros on possible emergency financial assistance following Cyclone Kenneth

IMF assistance would help address Comoros’ budgetary and external financing gaps arising from reconstruction and humanitarian needs

IMF mission reached a preliminary staff-level understanding on a possible emergency financial assistance to Comoros, following tropical Cyclone Kenneth; IMF assistance would help address Comoros’ budgetary and external financing gaps arising from reconstruction and humanitarian needs; the assistance could also play a catalyst role in securing grants from development partners and…

IMF Staff Team Concludes the 2016 Article IV Consultation Mission with the Central African Republic and Reaches Staff-Level Agreement on an Economic Program Supported by an ECF Arrangement

An International Monetary Fund (IMF) team led by Samir Jahjah visited Bangui during May 17–27, 2016, to conduct discussions on the 2016 Article IV consultation. The mission also reached staff-level agreement with the authorities, subject to approval by IMF Management and the Executive Board, on an economic program that could…