Source: International Monetary Fund (IMF) |

Cabo Verde Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The National Summary Data Page (NSDP) contains links to statistics published by official data producers

Cabo Verde has launched a National Summary Data Page (NSDP) in implementing the recommendations of the IMF’s enhanced General Data Dissemination System (e-GDDS). The page serves as a one-stop publication vehicle for essential macroeconomic data in both human and machine-readable formats. The e‑GDDS was endorsed by the IMF’s Executive Board…

International Monetary Fund (IMF)
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Source: International Monetary Fund (IMF) |

Six things to know about Ethiopia's New Program

The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program

The IMF has approved a program for Ethiopia of almost US$3 billion. The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth. The authorities want the economy to transition away…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes Fourth Review Under the Policy Coordination Instrument for Seychelles

The 2019 economic growth is estimated to reach about 4 percent, reflecting strong output in the tourism and communication sectors

The implementation of the Seychelles’ economic program is largely on track; The 2019 economic growth is estimated to reach about 4 percent, reflecting strong output in the tourism and communication sectors; The near-to-medium-term economic outlook continues to be favorable, provided that the authorities maintain their prudent policies under the Policy…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes Review Mission to Cabo Verde

Structural reforms remain focused on domestic revenue mobilization, public enterprises reforms, and the strengthening of the financial sector

The IMF team and the Cabo Verdean authorities reached a staff-level agreement on the first review under the program supported by the Policy Coordination Instrument [1], that will be submitted for approval by IMF management and Executive Board; The medium-term fiscal framework supports the authorities’ continued efforts to anchor macroeconomic…

Source: International Monetary Fund (IMF) |

Guinea Implements the International Monetary Fund's (IMF) Enhanced General Data Dissemination System

The National Summary Data Page (NSDP) serves as a one-stop dissemination vehicle for essential macroeconomic and financial data

Guinea has launched a National Summary Data Page (NSDP), implementing the recommendations of the IMF’s enhanced General Data Dissemination System (e-GDDS). The NSDP serves as a one-stop dissemination vehicle for essential macroeconomic and financial data in both human and machine-readable formats. The e‑GDDS was endorsed by the IMF’s Executive Board…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Mali on First Review under Extended Credit Facility (ECF) Arrangement

A team from the International Monetary Fund (IMF), led by Boriana Yontcheva, visited Bamako during November 19-29, 2019

Economic growth is expected to reach 5 percent in 2019 and over the medium term, despite the challenging security situation, reflecting some resilience in the economy; The fiscal deficit is expected to meet the West African Economic and Monetary Union (WAEMU)’s convergence criteria of 3 percent of GDP in 2019;…

Source: International Monetary Fund (IMF) |

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

An International Monetary Fund (IMF) team, led by Mr. Papa N’Diaye, visited Gaborone during November 13-27 to hold discussions for the 2019 Article IV Consultation with Botswana

Growth is expected to slow to about 3½ percent in 2019, due to weaknesses in the diamond market, a severe drought, and slower growth in neighboring countries. In 2020, it is expected to rise to 4.2 percent as the diamond market normalizes and copper production comes into stream; Fiscal consolidation…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2019 Article IV and Program Review Mission to Madagascar

An International Monetary Fund (IMF) mission led by Charalambos Tsangarides, mission chief for Madagascar, visited Antananarivo from November 11 to 25

IMF staff and the authorities reached staff-level agreement for the sixth program review, subject to approval by IMF management and the Executive Board; The implementation of the authorities’ program supported by the Extended Credit Facility (ECF) arrangement has remained satisfactory; The authorities’ plan to increase public investment and social spending…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Kenya

A staff team from the International Monetary Fund (IMF), led by Benedict Clements, visited Kenya from November 18-22, 2019

Real GDP growth averaged 5.6 percent in the first half of 2019 and is expected to accelerate in the second half of 2019 and 2020; Inflation has remained within the target band and stood at 5.0 percent in October (year-on-year). A staff team from the International Monetary Fund (IMF), led…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Zambia

The IMF staff met with H.E. President Lungu, Minister of Finance Bwalya Ng’andu, Bank of Zambia Governor Denny Kalyalya, other senior government and Bank of Zambia officials

An International Monetary Fund (IMF) staff team led by Dhaneshwar Ghura visited Lusaka during November 13–19, 2019 to discuss recent economic developments and the economic outlook for 2020 and the medium term. At the conclusion of the visit, Mr. Ghura issued the following statement: “Macroeconomic outcomes have weakened as a…