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IMF

Congo to adjust 2021-2023 Budgetary Policy

The Congolese government intends to continue implementing the reforms initiated a few years ago, as part of the implementation of the agreement reached with the International Monetary Fund (IMF).
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BEAC injects 600 billion FCFA into financial market

Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in...
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Chad expecting 68 million USD from IMF to mitigate budgetary constraints

The planned disbursement is the second of its kind under the Rapid Credit Facility (FCR). It is the result of lengthy talks between IMF staff and the Chadian authorities, aimed...
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Cameroon unveils 2021-2023 Economic and Budget programme amid severe economic shocks

The Government is mapping out the 2021-2023 plan when the National Development Strategy 2020-2030, has still not been published. Experts believe the document must synthesize the next axes of development...
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Ngueto Tiraina named FAGACE chief

Ngueto Tiraïna Yambaye is, in fact, a high-level economist specializing in International Finance and Financing Strategy. He has over 25 years of international and national experience. Former Minister of Economy,...
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IMF predicts -1.2% economic growth rate for Cameroon in 2020

“GDP growth is expected to fall sharply to -1.2%, about 5 points lower than the pre-pandemic projection. The pandemic has resulted in a substantial deterioration of the global economic environment,...
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Gabon: “Public investment is not the engine of growth” – IMF

In terms of quality of infrastructure, the efficiency of public investments has halved from the optimal level forecast, compared to a drop of 20% in the world and in sub-Saharan...
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Seven countries grant Cameroon suspension of debt servicing

Seven member countries of the Paris Club have granted Cameroon the right to suspend debt servicing for the period between May 1, 2020 to December 31, 2020. Germany, Belgium, Spain,...
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CAR debt moratorium at the heart of discussions between Minister Dondra and international financial partners

The issue of temporary suspension of debt service for the poorest countries, including the Central African Republic through the G20, was at the heart of discussions this Wednesday, May 6,...
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Cameroon’s loan request to the IMF postponed over lack of an economic recovery plan

According to the official agenda of the International Monetary Fund (IMF), Cameroon’s case was to be examined on April 28, 2020 by its Board of Directors. But, in the absence...
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Coronavirus: Alamine Ousmane Mey defends Africa’s interest at IMF/World Bank meetings

Strengthening of health systems, response to factors of vulnerability, strengthening of resource mobilization, promotion of the private sector are, among others, the points on which the African Consultative Group calls...
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Chad, CAR among 19 African countries to benefit from IMF Debt relief scheme

The IMF Executive Board has approved immediate debt service relief to 19 African states (IMF’s member countries) under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of...
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