The Executive Board of the International Monetary Fund (IMF) on Monday completed the seventh and eighth (final) reviews of Liberia’s economic performance under the program supported by the Extended Credit Facility (ECF) arrangement. Completion of these reviews enables the immediate… Read More ›
IMF says increasing domestic political uncertainty and stalled reforms in South Africa point to a challenging economic outlook
The IMF visiting team to South Africa says despite South Africa’s institutional strength and favorable global conditions, increasing domestic political uncertainty and stalled reforms point to a challenging economic outlook. “Some sectors, including agriculture and mining, are certainly generating growth,… Read More ›
The Nigerien authorities and the IMF team have reached staff-level agreement for the completion of the first review of the Extended Credit Facility supported program, subject to approval by IMF Management and the Executive Board, Niger could be entitled to a… Read More ›
IMF team in Gabon to help restore macroeconomic stability and lay the foundation for inclusive growth
An IMF team carried out the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF) to help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. The EFF-supported program will help Gabon restore macroeconomic stability and… Read More ›
IMF says Togo’s economic activity expanded at a moderate pace in the first half of 2017, accompanied by a low inflation
An International Monetary Fund (IMF) team led by Ivohasina Razafimahefa visited Lomé during October 23-30, 2017 to conduct discussions on the first review of the program says economic activity expanded at a moderate pace in the first half of 2017,… Read More ›
Tight monetary policy succeeded in stabilizing the exchange rate and slowing down inflation to 6.3 percent in August 2017, but contributed to elevated stress in the financial system evidenced by a sharp rise in nonperforming loans and a plunge in the growth of credit to the private sector.
The Republic of Congo faces significant macroeconomic imbalances. Economic activity is contracting further, while government deposits are declining. Against this backdrop, the government accumulated external and domestic arrears, despite a significant fiscal adjustment.