Tag Archives: IMF

Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector

On June 2, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Seychelles. read more

Share
Posted in African News, Seychelles News | Tagged , , , , , , , , | Comments Off on Seychelles: Economic growth reached 4½ percent, reflecting increased tourist arrivals, stronger output in the fishing industry, and expanding credit to the private sector

IMF Staff Completes 2017 Article IV Visit to Swaziland

  • The IMF estimates 2016 growth to stagnate, with a muted recovery envisaged in 2017, as the weaker fiscal position weighs heavily on the outlook.
  • Significant fiscal adjustment is needed to ensure macroeconomic stability and debt sustainability.
  • Structural reforms to address the lack of skilled workers, simplify business regulations, and strengthen the institutional environment have the potential to boost investment and employment.

An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba visited Mbabane from June 7-19, 2017, to conduct the 2017 Article IV Consultation discussions with Swaziland. read more

Share
Posted in Swaziland News | Tagged , | Comments Off on IMF Staff Completes 2017 Article IV Visit to Swaziland

IMF Staff Concludes Visit to Benin

  • The economy grew by 4 percent in real terms in 2016, overcoming the low-growth environment that resulted from negative spillovers from Nigeria.
  • The authorities are implementing a package of measures to maintain macroeconomic and financial stability and raise living standards.
  • IMF staff and the authorities agreed that the early progress in program implementation should be strengthened via timely enactment of the reforms.

A staff team from the International Monetary Fund (IMF), led by Norbert Toé, visited Benin from June 7–14, 2017, to review recent economic and financial developments and discuss program implementation ahead of a formal review slated for later this year. read more

Share
Posted in Benin News | Tagged , , | Comments Off on IMF Staff Concludes Visit to Benin

Zambia Economy Soars with Foreign Investors Increment and Good Climate.

Zambia’s economy is looking bright after the recent IMF visit to the country to further discussions on the 2017 Article IV consultation. The country has grown in foreign investors towards Zambia’s government securities market and also a good climatic condition – marked by moderate rainfall to support the agricultural sector. The country has also requested for an IMF-Supported program. According to the IMF team, the Zambian economy has witnessed a positive growth which could possibly allow the country to be supported by IMF’s Extended Credit Facility (ECF). The ECF provides financial assistance to countries with protracted balance of payments problems. As it stands now, the IMF seeks to reach more understanding of the country and based on that grant Zambia’s ECF request. read more

Share
Posted in Mag, Zambia News | Tagged , , , , , , | Comments Off on Zambia Economy Soars with Foreign Investors Increment and Good Climate.

Guinea: IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects

IMF Staff Completes a Staff Visit to Guinea

  • Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent.
  • Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016.
  • IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects.

An IMF staff team led by Giorgia Albertin visited Conakry from May 15 to 25, 2017, to discuss recent economic and financial developments and Guinea’s economic prospects. The team prepared the ground for a future visit for the negotiation of a new IMF-supported program. read more

Share
Posted in Guinea News | Tagged , | Comments Off on Guinea: IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost long-term inclusive growth prospects

IMF: Togo’s economy has shown solid performance in recent years, with sustained growth and low inflation

Togo’s poverty rate declined from 61.7 percent in 2006 to 55.1 percent in 2015, though it remains geographically concentrated read more

Share
Posted in Togo News | Tagged , | Comments Off on IMF: Togo’s economy has shown solid performance in recent years, with sustained growth and low inflation

Rwanda’s economy continues to perform well

IMF Staff Completes 2017 Article IV Consultation and Review Mission to Rwanda read more

Share
Posted in Rwanda News | Tagged , | Comments Off on Rwanda’s economy continues to perform well

Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

IMF Staff Concludes 2017 Article IV Visit to Botswana

  • Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter.
  • Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track record of sound fiscal management.
  • The inflation rate remained low, close to the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent.

A team from the International Monetary Fund (IMF) led by Enrique Gelbard visited Gaborone from May 1-16 for discussions on the 2017 Article IV Consultation with Botswana. The discussions covered recent developments and prospects and focused on policies to support continued economic stability and promote inclusive growth. At the end of the visit, Mr. Gelbard issued the following statement: read more

Share
Posted in Botswana News | Tagged , , | Comments Off on Botswana: Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

Zimbabwe: The economy is facing difficulties..

IMF Staff Completes 2017 Article IV Visit to Zimbabwe

  • The economy is facing difficulties as a severe drought and slow reform momentum have led to high expenditure levels since late 2015, despite subdued revenues.
  • Spending pressures stem from high employment costs, government transfers to support specific economic sectors, and elevated discretionary expenditure.
  • The team recommends taking action to unleash the potential of the private sector and ensure that growth benefits the most vulnerable segments of the population.

An International Monetary Fund (IMF) team led by Ana Lucía Coronel visited Zimbabwe from May 2 to 13, 2017, to hold discussions with the national authorities, private sector representatives, and civil society in the context of the 2017 Article IV Consultations. The discussions covered recent economic developments, the outlook and risks, as well as policies that could restore economic stability. read more

Share
Posted in Zimbabwe News | Tagged , | Comments Off on Zimbabwe: The economy is facing difficulties..