Daily Archives: July 13, 2016
IMF Executive Board Completes Eighth Review of Niger’s ECF Arrangement and Approves US$17.1 Million Disbursement
On July 11, 2016, the Executive Board of the International Monetary Fund (IMF) completed the eighth review of Niger’s economic performance under theprogram supported by an Extended Credit Facility (ECF) 1 arrangement. The completion of the review enables an immediate disbursement of SDR12.34 million, (about US$17.1 million), bringing total disbursements under the ECF arrangement to SDR 107.745 million (US$149.7 million).
The United Nations Mission in South Sudan (UNMISS) has reported that the ceasefire in the crisis-gripped country appears to be “largely holding, barring sporadic gunfire,” while the UN refugee agency has urged countries to keep their borders open for people fleeing tensions in Juba, where the human rights wing has warned the situation is “deteriorating rapidly.”
For almost two decades, growth in the insurance markets of Sub-Saharan Africa have been buoyed by the continent’s economic boom. With average growth in gross domestic product (GDP) across the region far outpacing much of the developed world, the African continent has presented an extremely attractive environment for domestic, regional and international investors seeking to enhance returns.