Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2019 Article IV Mission to Mauritius

Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity

Real GDP growth is projected at 3.8 percent in 2018 and 3.9 percent in 2019, driven by robust performance in the financial services, construction, and tourism sectors; Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity; the mission welcomed…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes 2017 Article IV Visit to Botswana

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter. Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Kenya

Kenya’s economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015

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. Based on the preliminary findings of this…

Source: International Monetary Fund (IMF) |

Commodities, Rainfall, Instability Biggest Challenges —African Ministers

Rising inflation, drops in currency due to political instability Low commodity prices adding to fiscal pressures Help from international community “paramount” Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Mission to Seychelles

An International Monetary Fund (IMF) staff mission led by Wendell Samuel visited Victoria during March 9‒22, 2016 to conduct discussions on the fourth review under the Extended Fund Facility (EFF)1 arrangement with Seychelles. At the conclusion of the visit, Mr. Samuel issued the following statement: “Macroeconomic outcomes in 2015 were positive…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2015 Article IV Mission to Mauritius

An International Monetary Fund (IMF) mission led by Mauro Mecagni visited Port Louis on December 2–16, 2015 to conduct the discussions for the 2015 Article IV consultation with Mauritius. At the conclusion of the visit, Mr. Mecagni issued the following statement: “The Mauritian economy has remained resilient in 2015, despite…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2015 Article IV Consultation with Swaziland

On December 9, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Swaziland. Swaziland’s growth has been recovering since the 2010‒11 fiscal crisis, albeit at a slower pace recently. Growth recovery following the fiscal crisis was broadly supported by the manufacturing and service sectors.…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2015 Article IV Consultation with Tunisia

On September 30, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Tunisia1. Tunisia’s economy has been resilient throughout a protracted political transition and a difficult international economic environment. The country has been facing headwinds from security threats and social tensions, which are…