Daily Archives: December 9, 2017
The African Economic Conference is dedicated to discussions on the kind of economic and political governance reforms that are critical in order to ensure structural transformation takes place in Africa
African countries have more bilateral open sky agreements with partners outside the continent than with African partners
IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania
- Board decision enables immediate disbursement of US$ 23.4 million to Mauritania.
- Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty.
- Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the monetary policy framework and maintain financial stability.
On December 6, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) with Mauritania for SDR 115.92 million (about US$ 163.9 million, or 90 percent of Mauritania’s quota) to support the country’s economic and financial reform program.