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 efforts.
The program will build on the lessons from the previous ECF arrangement. It aims at supporting important policies targeted at reducing inflation and significantly increasing domestic revenues, including by eliminating numerous tax and duty exemptions, while increasing infrastructure spending and bolstering the social safety net. The ECF program is also expected to play a catalytic role to maintain external support. In the medium-term, the arrangement will provide the framework for structural progress on revenue mobilization, public financial management and financial sector reforms, as well as increased reserves
Ghana's government will ask the International Monetary Fund to extend its support programme to December 2018 from April 2018 to boost efforts to stabilize...
The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement for Togo under the Extended Credit Facility (ECF) worth (US$241.5million) to support the country’s economic and financial reforms. [1]
The Executive Board’s decision enables an immediate disbursement of US$34.5 million. The remaining amount will be phased over the duration of the program, subject to semi-annual reviews.
A top International Monetary Fund (IMF) official, Ulrich Jacoby, has said the Gambia is at an economic turning point following the transition of power...
Somalia faces numerous challenges on its quest for peace, stability, and economic prosperity. The recent drought and famine will test the country’s resilience to...
The Executive Board of the International Monetary Fund has approved a three-year arrangement under the Extended Credit Facility (ECF) for Benin for an amount...
Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers.
The apartments have been constructed to...
Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered.
The significant number of recoveries means the country now...
Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million.
Moyo is accused of illegally...
