Four Things to Know on How Liberia Is Reforming Its Economy Amid COVID-19

“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.”

via IMF

IMF Board Approves US$49 Million Disbursement for Guinea

“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).”

via IMF

Four Things to Know About How Fragile States Like South Sudan Are Coping With COVID-19

“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.”

via IMF

IMF Lending Lifeline: Addressing Urgent Financing Needs Brought on by the Pandemic

“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.”

via IMF

IMF Executive Board Approves the Disbursement of US$51.28 Million for Burkina Faso

“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). “

via IMF

IMF Executive Board Approves US$52.3 Million Disbursement to South Sudan to Address the COVID-19 Pandemic

“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.”

via IMF

IMF Executive Board Extends Immediate Debt Service Relief for Mali for Another Six Months

“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.”

via IMF

How COVID-19 Will Increase Inequality in Emerging Markets and Developing Economies

“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.”

via IMF

IMF Executive Board Completes Sixth Review Under the Extended Credit Facility Arrangement for Niger and Approves a US$19.9 Million Disbursement

“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.”

via IMF

Sub-Saharan Africa’s Difficult Road to Recovery

“Policymakers in sub-Saharan Africa now face the added challenge of rekindling their economies with fewer resources and more difficult choices.”

via IMF