Tag Archives: extended

SA ECONOMIC GROWTH HIT BY MINING SECTOR

Will the Chinese purchase divested mining interests?

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Year of the Artisan: Artisans needed to help grow the economy

African Education Week to gather experts in Johannesburg in June

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MTN Uganda successfully launches 4G LTE Network in Uganda making it the first in East Africa

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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.

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Sustainable Energy for All: Sector Results Profile

World Bank Group financing for power generation, transmission and distribution, and energy policy and regulatory reform has helped expand access to millions of households in over 60 countries. Bank Group financing, combined with advisory and analytical services, knowledge products, as well as policy support, has also helped launch and scale up renewable energy generation and energy efficiency at national, sub-national and municipal levels. During 2002-11, the Bank supported projects for the construction and rehabilitation of about 115,000 kilometers of transmission and distribution lines and about 19,000 megawatts of generation capacity to improve access to reliable energy.

Off-grid solar power is lighting up gers and herders' lives across the vast steppes of Mongolia. Seventy percent of Mongolia’s herders now have access to electricity.

Challenge

More than 1.2 billion people—about 17 percent of the world’s population—are without access to electricity, most of them concentrated in about a dozen countries in Africa and Asia. Another 2.8 billion rely on wood, charcoal, dung and coal for cooking and heating, which results in over four million premature deaths a year due to indoor air pollution. Shortages in power supplies, and their unreliable and poor quality, due to underinvestment, are also major challenges facing developing countries.

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IMF Executive Board Completes Second Review Under the Extended Credit Facility Arrangement for Malawi and Approves US$19.6 Million Disbursement

 

The Executive Board of the International Monetary Fund (IMF) today completed the second review of Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF) arrangement. The Board’s decision enables the immediate disbursement of an amount equivalent to SDR 13.02 million (about US$19.6 million), bringing total disbursements under the arrangement to an amount equivalent to SDR39.06 million (about US$58.7 million).

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IMF Executive Board Completes First Review Under ECF Arrangement for Niger and Approves US$16.9 Million Disbursement

NIAMEY, Niger, March 29, 2013/African Press Organization (APO)/ The Executive Board of the International Monetary Fund (IMF) today completed the first

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IMF Concludes Third ECF Review Mission to Côte d’Ivoire

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.

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IMF Concludes First ECF Review Mission to Liberia

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.

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Concluding Statement of the IMF Mission to Comoros

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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