The World Bank Group and International Monetary Fund (IMF) have called on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance.
New Mission Chief of the International Monetary Fund, IMF, to Sierra Leone, Ms. Karen Ongley, and its Resident Representative, Dr Monique Newiak, have met President Julius Maada Bio to discuss further ways of partnership.
On July 26, the Executive Board of the International Monetary Fund (IMF) enables the disbursement of US$43.7 million, bringing total disbursements under the arrangement to US$304.5 million for Madagascar.
The Executive Board of the International Monetary Fund (IMF) has enables the immediate disbursement of US$21.62 million, bringing total disbursements under the arrangement to US$43.25 million.
Directors welcomed the progress made in restoring peace and stability, but however, noted that Lesotho continues to face significant challenges, stemming mainly from the declining Southern African Customs Union (SACU) revenues and high government expenditures.
Zambia’s growth is projected to slow from 3.7 percent in 2018 to 2.3 percent in 2019, lower than earlier envisages due to the impact of the drought on agricultural production, according to an IMF staff monitoring team.
The Management of the IMF on February 5, 2019, completed the first review under the third 12-month Staff-Monitored Program (SMP III) with Somalia, which covers the period May 2018–April 2019.