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IMF

IMF approves over $22 million for Benin

The Executive Board of the International Monetary Fund (IMF) has completed the first review of the arrangement under the Extended Credit Facility (ECF) for Benin.

IMF gives warning on Zimbabwe’s economy

The IMF has warned that Zimbabwe's economic situation remains very difficult. The fund's mission chief for Zimbabwe Gene Leon told Reuters news agency that immediate action was crucial to reduce the deficit, accelerate structural reforms…

IMF cuts South Africa’s growth forecasts

The International Monetary Fund cut its South African economic growth forecast for this year on Tuesday, saying rising political uncertainty has dented consumer and business confidence.

IMF Staff Team Completes Mission to Côte d’Ivoire

An International Monetary Fund (IMF) mission led by Dan Ghura visited Abidjan from September 19 to October 3, 2017 to hold discussions on the second review of the three-year economic and financial program supported by the IMF through…

IMF revises Botswana’s 2017 growth forecast

The International Monetary Fund (IMF) has revised Botswana's 2017 and 2018 economic growth forecast due to rising diamond demand, investment in the water and power sector and reforms to attract investment.

Ghana not to extend three-year IMF aid program

Ghana will not extend its three-year aid programme with the International Monetary Fund beyond April 2018, President Nana Akufo-Addo said on Tuesday, despite continuing fiscal difficulties. The president's announcement is a surprise…

Ghana asks IMF to extend aid deal as it seeks more money

Ghana's government has asked the International Monetary Fund to push back the end date of its $918 million aid programme from April 2018 to December 2018, IMF and government sources told Reuters on Wednesday. The request is expected to lead…

IMF Approves US$16.1Million for The Gambia

The Executive Board of the International Monetary Fund (IMF) today approved emergency financial assistance under the Rapid Credit Facility (RCF) in the amount equivalent to SDR11,662,500 (about US$16.1 million) for The Gambia to enable the…

The Compact with Africa—The Contribution of the IMF

Some of the world’s top policymakers and investors are currently in Berlin to discuss a new initiative that could help reshape Africa’s economic future. Millions of citizens could see tangible economic benefits from the recently launched…

IMF approves 224.2 million dollars for Sierra Leone

The Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) for Sierra Leone for about US$224.2 million, in support of the authorities’ economic development…