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.
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 (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.
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.
An International Monetary Fund (IMF) mission led by Boileau Loko in Libreville, Gabon, said economic activity is recovering, with growth estimated at about 1.2 percent in 2018 up from 0.5 percent in 2017, despite lower-than-expected oil production.
Countries in sub-Saharan Africa accumulated external debt at a faster pace than low- and middle-income countries in other regions in 2017