Tag Archives: IMF

Tanzania: Economic growth, estimated at about 7 percent, remained strong in 2016

A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte, visited Tanzania from April 3-13, 2017 and held discussions with the authorities on the sixth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014.

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IMF Staff Concludes Visit to Kenya

Kenya’s economy has continued to perform well, with real GDP growth reaching 5.9 percent in the first three quarters of 2016, up from 5.6 percent in 2015

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IMF Staff Concludes Visit to The Gambia

With the transition to a new, democratically-elected government, The Gambia is at a historical turning point

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IMF Staff Completes Visit to São Tomé and Príncipe

Economic prospects are favorable, with growth expected to be around 5 percent in 2017, boosted by anticipated robust activity in the construction sector and tourism industry, and supported by higher inflows of foreign direct investment

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IMF Staff Completes Mission to Chad

  • Economic activity continues to be affected by the decline in oil prices and regional security challenges
  • IMF staff and the government agreed on the need to move away from the reliance on oil and diversify the economy
  • Non-oil output contracted significantly for a second year in a row and inflation was negative in 2016

An International Monetary Fund (IMF) staff team led by Said Bakhache visited N’Djamena during March 22–April 4, 2017 to assess recent economic developments in Chad and performance under the current financial and economic program supported by the IMF’s Extended Credit Facility (ECF) approved in August 2014. Discussions were also held on the government’s interest in a new program.

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Egypt is implementing a strong economic reform program

Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement:
“President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement.

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IMF Staff Completes Review Mission to Malawi

A second consecutive year of the El Niño-induced drought created an unprecedented humanitarian crisis that placed an estimated 6.7 million people—or 40 percent of the population—at risk of food insecurity

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Algeria continues to face important challenges posed by lower oil prices

IMF Staff Completes 2017 Article IV Mission to Algeria

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Tanzania: Report by Exotix and IMF reassures brighter economic outlook

Report from UK-based Exotix Partners in collaboration with the Kenya-based Equity Investment Bank have it that Tanzania has a bright economic outlook – adding up to IMF economic forecast for Tanzania. The report highlights that the current anti-corruption and anti-tax evasion drive by the President, HE John Magufuli, might look disruptive in the short term but will do the country a greater favour in the long term. The report said “this reformist agenda has proved painful but should these policy actions be sustained they could act as a long-term positive catalyst for the efficiency of Tanzania’s public sector institutions.”

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IMF Staff Initiates Discussions with Gabon toward a Possible Financial Arrangement

An IMF team headed by Alex Segura-Ubiergo visited Libreville from February 14-28 to initiate discussions toward a possible financial arrangement under the Extended Fund Facility (EFF)

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European Regulators Join African Banks to Discuss Economic and Financial Stability

Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. These institutions are occupying a space created by the retreat of several global bank groups from Africa in the wake of the crisis. African banks headquartered from Morocco to South Africa have each established business operations in at least 10 countries. Ecobank, headquartered in Togo—is present in more than 30 countries on the continent.

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