“Egypt was one of the few emerging market countries that experienced a positive growth rate in 2020. As a result of the government’s swift and prudent policy response, coupled with IMF support, the Egyptian economy showed resilience in the face of the pandemic.”
“The International Monetary Fund provided additional financial assistance of $48.86 million to the Republic of Liberia under a program launched at the end of last year.”
“The Executive Board of the International Monetary Fund (IMF) completed the Fifth and Sixth reviews of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF). Completion of these last two reviews of the ECF-supported program enables the immediate disbursement of the equivalent of SDR 34.43 million (about US$49.47 million), bringing total disbursements under the arrangement to the equivalent of SDR 120.49 million (about US$166.60 million).”
“The International Monetary Fund granted the Republic of South Sudan a $52 million emergency disbursement under the Rapid Credit Facility to help its economy weather the shock of the COVID-19 pandemic. This is the first time this new and still fragile country has received financial support from the IMF.”
“The human toll and global economic disruption from the COVID-19 pandemic triggered unprecedented demand for financing. More than 1/3 of the IMF’s membership have received relief from the Fund. Since the onset of the pandemic, the IMF has responded rapidly and decisively to meet urgent and exceptional demand for financial assistance from its membership.”
“The Executive Board of the International Monetary Fund (IMF) today completed the fourth and fifth reviews of Burkina Faso’s economic program under the Extended Credit Facility (ECF). Completion of these reviews, which constitute the last two under the ECF-supported program, unlocks access to SDR 36.12 million (about US$51.28 million), bringing total disbursements under the arrangement to SDR 108.36 million (about US$152.58 million). “
“The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 36.9 million (about US$52.3 million or 15 percent of its SDR quota) to South Sudan under the Rapid Credit Facility (RCF) . This is the first Fund supported financial assistance provided to South Sudan since it joined the Fund in 2012.”
“On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.”
“Emerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now puts much of that progress at risk while further widening the gap between rich and poor.”
“The need to protect the economy and vulnerable populations in the face of the COVID-19 pandemic justifies larger fiscal deficits in 2020 and 2021. However, to safeguard Niger’s public finances, it will be important to guard against high deficits becoming entrenched, step up revenue collection, improve the quality of public spending, and ensure good management of forthcoming additional oil revenues.”
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