Source: International Monetary Fund (IMF) |

Statement of an IMF Mission at the End of its Visit to Guinea

Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance

Significant progress was made in discussions of the economic policies and reforms that could be supported by a new IMF arrangement Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance; Average inflation would remain moderate at 8.5…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV Mission to Mauritius

The authorities seek to graduate Mauritius to a high-income economy within the next ten years on the basis of an ambitious public investment program and improvements to the business climate

Real GDP growth in 2017 is projected at 3.9 percent on the back of dynamism in the construction sector. The authorities seek to graduate Mauritius to a high-income economy within the next ten years on the basis of an ambitious public investment program and improvements to the business climate. Attaining…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2017 Article IV Consultation with the Islamic Republic of Mauritania

Growth prospects have improved along with planned public investment and structural reforms and some—albeit short-lived— recovery in metal prices

On July 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Islamic Republic of Mauritania. Mauritania continues to face a challenging external environment with low and volatile metal prices. A steep decline in iron ore prices in 2014–15 took away…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2017 Article IV Consultation with Botswana

Year-on-year inflation has remained stable near the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent, with the 12-month rate of inflation at 3.5 percent in in May 2017

On July 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Botswana, and considered and endorsed the staff appraisal without a meeting [2]. Following a small contraction in 2015, economic activity recovered in 2016 with real GDP growth of 4.3 percent.…

Source: International Monetary Fund (IMF) |

IMF Statement on Tunisia

Exchange rate flexibility, tighter monetary policy, and fuel price increases have already started to address the imbalances, and the recent launch of the fight against corruption has improved confidence

Growth is slowly improving, but strong consumption is fueling inflation and further increases already high fiscal and external deficits.  Exchange rate flexibility, tighter monetary policy, and fuel price increases have already started to address the imbalances, and the recent launch of the fight against corruption has improved confidence.  Putting the…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Staff Visit to Gabon

The EFF-supported program will help Gabon restore macroeconomic stability and lay the basis for inclusive growth

Initial signs of economic recovery noted, but Gabon’s short-term outlook remains difficult. Arrears remain a drag on economic activity. Government expressed commitment to a rapid solution. Decisive Implementation will be key to ensure the success of the authorities’ program. Progress on structural reform implementation so far is welcome. An International…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes the Second Review under the Precautionary and Liquidity Line Arrangement for Morocco

The Moroccan authorities have not drawn on the arrangement and continue to treat it as precautionary. The new government’s economic program is in line with key reforms agreed under the IMF arrangement, such as reducing fiscal and external vulnerabilities while strengthening the foundations for higher and more inclusive growth. On…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to Mozambique

Growth declined to 3.8 percent in 2016 and is now projected to edge up to 4.7 percent in 2017, mainly on account of a surge in coal production and exports

Performance in some sectors of the economy has improved since the latter part of 2016. Growth declined to 3.8 percent in 2016 and is now projected to edge up to 4.7 percent in 2017. Publication of the detailed summary of the Kroll audit report is welcomed; more needs to be…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Second Review Under the ECF Arrangement for the Central African Republic, Approves US$16.3 Million Disbursement, and an Augmentation of US$15.5 Million

Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects

The completion of the review enables a disbursement of US$16.3 million. Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects. Sustaining and accelerating efforts to mobilize domestic revenues and enhance budget transparency will create fiscal space for increasing social and capital spending. On…