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.
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International Finance
Ghana’s recent economic performance has been favorable – IMF Team
An International Monetary Fund (IMF) team led by Ms. Annalisa Fedelino said Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies.
African Development Bank to raise over US$7 billion from capital markets for investment in African economies in 2019
The African Development Bank’s Board has approved the institution’s 2019 borrowing program to the tune of US$7.24 billion from capital markets.
IMF Executive Board Completes Second Review of the Extended Credit Facility with Guinea
The Executive Board of the International Monetary Fund (IMF) has enabled the immediate disbursement of US$23.9 million to Guinea, bringing total disbursements under the arrangement to US$71.6 million.
African Development Bank Lauds Egypt’s Economic Rebound, Partnerships, at Africa 2018 Forum
African Development Bank (www.AfDB.org) President Akinwumi Adesina has saluted Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is supporting Egypt, lessons that can be learned for the development and the integration of the continent.
IMF Executive Board Approves US$22.0 Million Disbursement for Benin
On December 6, 2018, the Executive Board of the International Monetary Fund (IMF) completed the third review of the three-year arrangement with Benin under the Extended Credit Facility (ECF).
IMF Executive Board Approves US$172.1 Million Arrangement Under the Extended Credit Facility for Sierra Leone
The Executive Board of the International Monetary Fund (IMF) on Friday approved a new 43 months arrangement for Sierra Leone under the Extended Credit Facility (ECF) for US$172.1 million, equivalent of 60 percent of Sierra Leone’s quota in the IMF, to support the country’s economic and financial reforms.
