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Tag Archives: Central Bank
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org.
The International Monetary Fund (IMF) says Gambia’s newly introduced Tax collection system — the Value Added Tax (VAT)- is killing the country’s ailing economy and businesses. “The outlook for the economy is generally favorable for 2013, but there are risks. Real GDP growth is expected to accelerate, if the recovery in crop production is sustained.
13 Million Cards to be issued first, in largest card rollout of its kind in Africa
Statement by an IMF Mission to The Gambia for Concluding Discussions of the First Review of the ECF Arrangement
BANJUL, Gambia, April 15, 2013/African Press Organization (APO)/ – An IMF mission led by Mr. David Dunn visited The Gambia during April 4-10, 2013, to conclude discussions on the first review of the authorities’ macroeconomic and financial program that is supported by the IMF under its Extended Credit Facility (ECF). The mission met with His Excellency President Yahya AJJ Jammeh, Honorable Minister of Finance and Economic Affairs Abdou Kolley, Governor of the Central Bank of The Gambia (CBG) Amadou Colley, and other senior officials.
An International Monetary Fund (IMF) mission led by Hervé Joly visited Senegal during March 27-April 10, 2013 to conduct the fifth review under the three-year Policy Support Instrument (PSI) approved in December 2010. The members of the mission met with the President of the Republic, the Prime Minister, the ministers of economy and finance, and energy; representatives of the Central Bank of West African States (BCEAO); other senior government officials; and representatives of the private sector, civil society, and the development partners.
ABUJA, Nigeria, March 29, 2013/African Press Organization (APO)/ – On February 6, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with Nigeria.1
ABIDJAN, Côte d’Ivoire, March 28, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission visited Abidjan during March 13-27, 2013, to conduct discussions on the third review of a program supported by the Extended Credit Facility (ECF), which was approved by the IMF Executive Board on November 4, 2011 (see Press Release No. 11/399) in the amount of SDR 390.24 million (about US$616 million). The mission met with H.E. Dr. Alassane Dramane Ouattara, President of the Republic of Côte d’Ivoire; H.E. Mr. Daniel Kablan Duncan, Prime Minister and Minister of Economy and Finance; H.E. Dr. Albert Toikeusse Mabri, State Minister for Planning and Development; H.E. Ms. Niale Kaba, Minister at the Prime Minister’s Office in charge of Economy and Finance; H.E.Mr. Adama Toungara, Minister of Petroleum, Mines, and Energy; H.E.Mr. Konan Gnamien, Minister of Civil Service and Administrative Reform; H.E.Mr. Mamadou Sangafowa Coulibaly, Minister of Agriculture; H.E.Mr. Jean-Claude Brou, Minister of Industry; Mr. Jean-Baptiste Aman Ayayé, National Director of the Central Bank of West African States; and other senior government officials. The mission also met with members of the business and donor communities. Discussions focused on recent economic developments, growth prospects and policy implementation under the ECF.
MONROVIA, Liberia /African Press Organization (APO)/ – An International Monetary Fund (IMF) mission led by Ms. Catherine McAuliffe visited Monrovia March 4–20, 2013, to conduct discussions for the first review under the Extended Credit Facility (ECF). 1 The mission met with President Ellen Johnson Sirleaf and held discussions with Acting Minister of Finance Sebastian Muah, Central Bank of Liberia (CBL) Executive Governor Joseph Mills Jones, other senior officials, legislators, representatives of the private sector, civil society organizations, and development partners. The mission also conducted a one-day high level seminar on natural resource revenue management and an outreach event for University of Liberia students.
MORONI, Comoros /African Press Organization (APO)/ – A team from the International Monetary Fund (IMF), visited Moroni from March 13 to 22, 2013 for discussions on the fifth review of the Union of Comoros’ Extended Credit Facility (ECF)1 arrangement. The mission met with His Excellency Dr. Ikililou Dhoinine, President of the Union, and held discussions with Vice-President and Finance Minister Soilihi, Governor of the Central Bank of the Comoros Chanfiou, Permanent Secretary of the Committee to Monitor Reforms Oubeidi, and other government and central bank officials, as well as representatives of the private sector and the donor community.
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TRIPOLI, Libya, March 8, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission led by Mr. Ralph Chami visited Tripoli during February 20–March 7, 2013, to conduct discussions with the Libyan authorities in the context of the annual Article IV consultations.1 Discussions focused on measures to improve the business environment to foster inclusive growth based on diversification of the economy underpinned by private sector–led growth, develop the financial sector, and control government spending including through subsidy reform. The mission met with Prime Minister Ali Zeidan, Finance Minister Haithem Jalgham, Central Bank Governor Saddek Elkabeer, General National Congress Chairman Mohammed Magariaf, and other government and central bank officials, as well as members of the General National Congress and representatives of civil society.
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