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IMF advices Nigeria to address rising food insecurity

IMF advices Nigeria to address rising food insecurity

March 5, 2024

An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, which visited Lagos and Abuja February 12–23, 2024, advices Nigeria to address rising food insecurity.

Togo secures $390 million financing from IMF

Togo secures $390 million financing from IMF

March 2, 2024

The Executive Board of the International Monetary Fund (IMF) approved on Friday a 42-month arrangement for Togo under the Extended Credit Facility of SDR 293.60 million or about US$390 million (200 percent…

Côte d’Ivoire secures $1.3 billion financing from IMF

Côte d’Ivoire secures $1.3 billion financing from IMF

February 17, 2024

Côte d’Ivoire and the International Monetary Fund (IMF) have reached a staff level agreement on a package of reform measures for 2024-26 in line with the Resilience and Sustainability Facility (RSF) program…

Malawi economy set to grow 3.3 percent in 2014

Malawi economy set to grow 3.3 percent in 2014

January 26, 2024

The economy of Malawi, which was estimated to grow less than 2 percent in 2023, is set to grown by 3.3 percent in 2014, according to the International Monetary Fund (IMF).

Burundi economy set to grow by 4.3 percent

Burundi economy set to grow by 4.3 percent

January 23, 2024

The economic growth of Burundi, which began recovering from 1.8 percent in 2022 to 2.7 percent in 2023, is set grow by 4.3 percent, this year according to the International Monetary Fund…

IMF approves $100 million for Somalia

IMF approves $100 million for Somalia

December 20, 2023

The Executive Board of the International Monetary Fund (IMF) approved a new 3-year arrangement under the Extended Credit Facility (ECF) for Somalia in an amount of SDR 75 million (about 45.9 percent…

African ministers discuss comprehensive reform proposals

African ministers discuss comprehensive reform proposals

October 13, 2023

African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions at the 2023 Annual Meetings of the World Bank Group and the International Monetary…