Source: International Monetary Fund (IMF) |

Germany and IMF Strengthen Capacity Development Cooperation in Africa

The Compact with Africa is an initiative launched under Germany’s G-20 Presidency in December 2016 and aims to boost private investment and increase infrastructure development in Africa

The IMF welcomes Germany’s commitment to strengthening its collaboration with the IMF on capacity development. Wolfgang Schäuble, Germany’s Federal Minister of Finance and Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today signed a Letter of Understanding whereby the German Ministry of Finance will provide €15 million in support…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement for Completion of First Review of Tunisia’s Extended Fund Facility

The IMF supports the government's efforts to create economic opportunities and jobs for all Tunisians, stabilize public finances for the benefit of future generations, and protect the vulnerable in these challenging times. Tunisia’s economy faces significant challenges, including high external and fiscal deficits, increasing debt, and growth that is too…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Visit to Tanzania

Economic growth, estimated at about 7 percent, remained strong in 2016

A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from April 3-13, 2017 and held discussions with the authorities on the sixth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014. At the end of the visit, Mr. Villafuerte…

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) |

Ghana: Staff Concluding Statement of the 2017 Article IV Consultation Mission and Discussions for the Fourth Review under the Extended Credit Facility

Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes Visit to The Gambia

With the transition to a new, democratically-elected government, The Gambia is at a historical turning point

The mission assessed the impact of exogenous shocks that have hit the Gambian economy recently and initiated discussions on providing IMF support through a Rapid Credit Facility (RCF) Economic growth in 2016 is now estimated to have reached only 2.2 percent, down from 4.3 percent in 2015, due to limited…

Source: International Monetary Fund (IMF) |

IMF Staff Completes the Fourth PSI Review Visit to Senegal

The macroeconomic performance remained solid in 2016, with GDP growth above 6 percent for the second consecutive year

The macroeconomic performance remained solid in 2016, with GDP growth above 6 percent for the second consecutive year Prudent fiscal policy in line with WAEMU convergence criteria should also help safeguard the Union’s stability Reaching the Plan Sénégal Emergent (PSE) objectives also requires a faster pace of reform to promote private…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$ 151.03 Million under the ECF Arrangement for Benin

Despite negative spillovers from neighboring countries, Benin’s economy rebounded in 2016 and its outlook is favorable

New program focuses on raising living standards and preserving macroeconomic stability Agriculture and a significant increase in public investment are projected to lift growth in 2017 Improving the quality, coverage, and timeliness of economic statistics will help achieve better policy making The Executive Board of the International Monetary Fund (IMF)…