Upcoming EventsFeb22Wedall-day Aviation Africa 2017 Attracts Gl...Aviation Africa 2017 Attracts Gl...Feb 22 – Feb 23 all-dayOfficially supported by Ministry of Infrastructure, Rwanda Civil Aviation Authority and RwandAir read moreShareall-day eCommerce Africa Confex @ Cape Town International Convention CentreeCommerce Africa Confex @ Cape Town International Convention CentreFeb 22 – Feb 23 all-dayeCommerce Africa Confex evolves, leading the way for eCommerce vendors read moreShareFeb28Tueall-day Aid & Development Africa Summit @ Nairobi, KenyaAid & Development Africa Summit @ Nairobi, KenyaFeb 28 – Mar 1 all-dayThe 2nd annual Aid & Development Africa Summit will take place in Nairobi, Kenya on 28 February – 1 March 2017 with an aim to explore how technological innovations and best practice can improve aid delivery and development strategy in … Continue reading →Mar1Wedall-day 5th edition of the Africa Busine... @ Sheraton Hotel5th edition of the Africa Busine... @ Sheraton HotelMar 1 all-dayThe 5th edition of the Africa Business Forum in Addis Ababa, Ethiopia will be held in Ethiopia on the 1st of March 2017 in the 5 star Sheraton Hotel, under the Patronage of Sheikh Mohammed Al Amoudi (Forbes ranked billionaire … Continue reading →Mar8Wed10:00 am Sustainable Energy & Technology ... @ Hall 103 -104 BITEC, Bangkok International Trade & Exhibition CentreSustainable Energy & Technology ... @ Hall 103 -104 BITEC, Bangkok International Trade & Exhibition CentreMar 8 @ 10:00 am – Mar 10 @ 6:00 pmAnnounced by a joint partnership among the Ministry of Energy. Chulalongkorn University, Ministry of Science and Technology, Ministry of Transport, and Ministry of Industry, the 2017 SETA will be held under the theme “Towards A Low-Carbon Society”; Highlighting the Trend … Continue reading →Mar14Tue
Tag Archives: IMF
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.
A team from the International Monetary Fund (IMF), led by Joël Toujas-Bernaté, visited Accra from February 6-10, 2017 to take stock of the 2016 economic developments and the outlook for 2017, engage in a dialogue about the new government’s economic plans, and discuss prospects for program engagement with the IMF. 
Mr. Björn Rother, IMF mission chief to Tunisia, made the following statement at the end of a staff visit to discuss the economic outlook and the authorities’ policy intentions under Tunisia’s economic reform program supported by a four-year IMF Extended Fund Facility (EFF) arrangement approved in May 2016 (See Press Release 16/238):
Ghana might face charges from International Monetary Fund (IMF) as the country’s economic figures seems fishy, says the new government. The new government, led by the Vice President had announced that the previous government – the National Democratic Party (NDC) has refused to account for a 7 billion Ghana Cedis which was spent during their term in government. However, the NDC government and the current minority in parliament, claims that the money was being used for an ongoing initiative on government contracts and expenditure which forms part of the Ghana Integrated Financial Management Information System. They furthered to express that it is of their expectation to see the current government continue that initiative.
IMF Executive Board Completes First Review Under the Stand-By Arrangement and Standby Credit Facility Arrangement for Kenya
IMF Board approved completion of first review of Kenya’s economic program supported by the Stand-By Arrangement (SBA) and the Standby Credit Facility (SCF).
YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement:
TUNIS, Tunisia /African Press Organization (APO)/ – African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank (http://www.afdb.org).
BRAZZAVILLE, Republic of the Congo, May 14, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission led by Mr. Mbuyamu Matungulu visited Brazzaville during April 29–May 13, 2013, to conduct discussions for the 2013 Article IV consultations. The mission met with the Honorable Obami Itou, President of the Senate; the Honorable Koumba, Speaker of Parliament; State and Finance Minister Ondongo, Special Presidential Advisor Gokana, National Director of the BEAC Ondaye Ebauh, and other senior officials. It held discussions with development partners and representatives of the private sector, including members of the banking profession.
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.
New IFC Vice President Jean Philippe Prosper Pledges Further IFC Financing in Senegalese Infrastructure Projects
DAKAR, Senegal, May 10, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, will further expand its investments in infrastructure in Senegal, as well as continue advising the government on public-private partnerships in infrastructure and other sectors, said Jean Philippe Prosper, IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean. On the occasion of his first trip since assuming his new position, Prosper highlighted the key role of the private sector in building infrastructure by working alongside national authorities.
PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ – On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1
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.
ACCRA, Ghana, April 15, 2013/African Press Organization (APO)/ – A mission from the International Monetary Fund (IMF), led by Christina Daseking, visited Accra during April 2-12, 2013, to conduct discussions for the 2013 Article IV consultations. The mission met with President Mahama, Vice-President Amissah-Arthur, Finance Minister Terkper, Bank of Ghana Governor Wampah, other senior officials, members of parliament, and representatives of the private sector, think tanks, trade unions, and civil society.
African Tax Administration Forum and IMF Bring Together Top African Revenue Authority Officials at High-Level Governance Seminar to Discuss Improving Revenue Administration
JOHANNESBURG, South-Africa, April 12, 2013/African Press Organization (APO)/ – National revenue authority chiefs from across Africa1 are meeting this week in South Africa to discuss ways to improve governance of revenue administration. Chief executives and board chairpersons from 12 African countries are participating in an April 10-12 high-level seminar near Johannesburg, organized by the International Monetary Fund (IMF) in collaboration with the African Tax Administration Forum (ATAF). This is the first seminar of its kind where board chairpersons and chief executives of African revenue authorities have gathered to discuss current issues relating to board governance. The event was financed by Topical Trust Fund on Tax Policy and Administration, which was established by the IMF in May 2011 to channel funds from other donors into vital technical assistance to help countries improve their tax structures and operations.
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.