Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa at the Conclusion of a Visit to Mauritania

Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Nouakchott at the end of his visit to the Islamic Republic of Mauritania, which followed the approval on December 6, 2017 by the IMF Executive Board of a three-year arrangement under the…

Source: International Monetary Fund (IMF) |

IMF Staff Reaches Staff-level Agreement on an Extended Credit Facility Arrangement and Completes 2018 Article IV Discussions with Malawi

Economic growth in the range of 3-5 percent is expected in 2018, followed by a rise to 6-7 percent over the medium term

Economic growth in the range of 3-5 percent is expected in 2018, followed by a rise to 6-7 percent over the medium term. The authorities will deploy strong remedial measures to address the widening of the budget deficit in the current fiscal year and shift to a slightly positive primary…

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) |

International Monetary Fund Staff Completes 2018 Article IV Discussions with Cabo Verde

In 2017, the budget deficit is estimated to have narrowed to 3 percent of GDP and public debt to have declined to 126.5 percent of GDP, the first decline in a decade

Output growth is expected to accelerate to 4.3 percent in 2018.   The IMF staff team recommends deepening the impressive fiscal consolidation efforts of recent years and completing the restructuring of state-owned enterprises.   Financial stability indicators have improved, but the high level of non-performing loans and low profitability need to be addressed.…

Source: International Monetary Fund (IMF) |

International Monetary Fund Managing Director Christine Lagarde Meets with President Emmerson Mnangagwa of Zimbabwe

Madame Lagarde welcomed President Mnangagwa’s commitment to stabilizing the Zimbabwean economy

International Monetary Fund (IMF) Managing Director Christine Lagarde today met with President Emmerson Mnangagwa of Zimbabwe on the sidelines of the World Economic Forum in Davos.  Madame Lagarde welcomed President Mnangagwa’s commitment to stabilizing the Zimbabwean economy and working towards normalizing the country’s engagement with the international community. She reiterated…

Source: International Monetary Fund (IMF) |

International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns. Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth. An ambitious…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund Managing Director Christine Lagarde on Meeting with South Africa Deputy President Cyril Ramaphosa

Statement by International Monetary Fund Managing Director Christine Lagarde on Meeting with South Africa Deputy President Cyril Ramaphosa: International Monetary Fund (IMF) Managing Director Christine Lagarde met the Deputy President of South Africa, Cyril Ramaphosa, today in Davos. They discussed recent developments and the outlook in South Africa. At the conclusion of…