Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes Review Mission to Togo

Economic growth is projected to slightly accelerate from 4.9 percent in 2018 to 5.3 percent in 2019

Togo’s economic recovery is continuing. GDP growth is projected at 5.3 percent in 2019. Inflation was 0.6 percent in July 2019. The fiscal consolidation was sustained through June 2019; revenue administration and public expenditure management reforms undertaken in recent years are progressing. The authorities are committed to address weaknesses in…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes the Fourth Review Under the Extended Credit Facility Arrangement, Approves a US$ 47.0 Million Disbursement, and Concludes the 2019 Article IV Consultation with Niger

The formal local private sector needs strengthening to ensure sustainably higher living standards and provide jobs for Niger’s rapidly growing labor force

Program implementation as been broadly satisfactory with public finances strengthening as planned, progress with the implementation of the structural reform agenda, and some slippages in the clearance in domestic payment arrears. Economic growth strengthened in 2018 and the outlook is promising thanks to the start of several large-scale projects by…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2019 Article IV Mission to the Democratic Republic of the Congo

The mission thanks the Congolese authorities for their hospitality, openness, and cooperation

Non-mining growth is projected to more than double in 2019, but total GDP growth will decelerate based on the assumption of a slowdown in mining activity; Stronger revenue mobilization is needed to enhance spending on infrastructure; Reducing regulations, simplifying tax payments, and improving governance should help to foster private sector…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff completes 2019 Article IV Mission to Namibia

Immediate action is needed to contain the FY19/20 fiscal deficit within the budget limits

The economy will continue to mildly contract this year and recover gradually thereafter; immediate action is needed to contain the FY19/20 fiscal deficit within the budget limits; structural reforms are needed to strengthen productivity and competitiveness, lift business confidence, and boost the long-term growth potential of the economy. An International…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2019 Article IV Mission to Namibia

An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba, IMF Mission Chief for Namibia, visited Windhoek during May 22-June 4, 2019

The economy will continue to mildly contract this year and recover gradually thereafter; Immediate action is needed to contain the FY19/20 fiscal deficit within the budget limits; Structural reforms are needed to strengthen productivity and competitiveness, lift business confidence, and boost the long-term growth potential of the economy. An International…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff concludes visit to South Africa

Robust actions are needed to reduce the fiscal deficit and reverse the increase in public debt

South Africa’s subdued economic growth could be reignited if the pace of structural reform implementation accelerates; robust actions are needed to reduce the fiscal deficit and reverse the increase in public debt; the government has a renewed opportunity to press ahead with policies to further strengthen governance, encourage competition, increase…

Source: International Monetary Fund (IMF) |

IMF Staff Team Completes Mission to Côte d’Ivoire

Based on preliminary estimations, GDP grew by 7.4 percent last year driven by strong domestic demand

The authorities and the IMF team have reached a staff-level agreement on the fifth review of the ECF and EFF arrangements, subject to approval by IMF management and the Executive Board; Based on preliminary estimations, GDP grew by 7.4 percent last year driven by strong domestic demand. Inflation remained subdued…

Source: International Monetary Fund (IMF) |

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

Cabo Verde’s external position strengthened in 2018 with the current account deficit narrowing to 4.5 percent of GDP

Fiscal consolidation efforts should continue to preserve gains made in recent years in strengthening public finances, and to support medium-term debt sustainability; continued progress in State-owned enterprises reforms is critical to reduce fiscal risks, support medium-term debt sustainability and economic growth. In this context, the recent privatization of the national…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2019 Article IV Consultation Mission to Mozambique

Despite the likely adverse macroeconomic effects of Cyclone Idai in 2019, which are still being analyzed, the outlook is for a recovery in economic activity over the medium-term

While it is still early to precisely assess the macroeconomic effects of Cyclone Idai and reconstruction costs, these will be very significant; Despite the likely adverse macroeconomic effects of Cyclone Idai in 2019, which are still being analyzed, the outlook is for a recovery in economic activity over the medium-term;…

Source: International Monetary Fund (IMF) |

IMF Staff Completes the Third Review Mission to Seychelles

Economic growth reached 4.1 percent, reflecting increased tourism earnings and stronger output in the fishing industry

Seychelles’ macroeconomic performance continued to be strong in 2018; economic growth reached 4.1 percent, the 2018 primary fiscal surplus stood at 3.2 percent of GDP; delays in the implementation of Air Seychelles’ restructuring plan could undermine government’s efforts to sustain strong fiscal primary surpluses and jeopardize medium-term public debt reduction…