Recent Program Approvals or Augmentations

IMF Executive Board Completes Fifth Review Under the ECF Arrangement with Guinea-Bissau, Approves US$ 4.3 Million Disbursement, and Augments Access and Extends Arrangement
The extension and augmentation will help anchor macroeconomic stability during the upcoming election period, support reforms focused on revenue mobilization and addressing gaps in essential infrastructure, and help meet balance of payments needs.

 

IMF Executive Board Approves US$112.3 Million under the ECF Arrangement for Malawi
The authorities’ ECF-supported program focuses on: fiscal consolidation to ensure long-term debt and external sustainability; containing inflation; raising the amount and quality of spending on critical infrastructure and social sectors to support poverty reduction and resilient growth; tackling governance challenges; improving financial intermediation and strengthening access to finance; and advancing critical growth-supporting structural reforms.

 

IMF Executive Board Approves New US$157.6 Million ECF Arrangement for Burkina Faso
The program aims to achieve a sustainable balance of payments positions, inclusive growth, and poverty reduction by creating fiscal space for priority security, social and infrastructure investment spending. It is also aimed at helping to catalyze official and private financing and build resilience to future economic shocks.

 

IMF Executive Board Completes Third Review Under the ECF Arrangement for the Central African Republic, Approves US$40.2 Million Disbursement, and an Augmentation of US$55.1 Million
The augmentation will cover significant balance of payments needs in the context of the national strategy for recovery and peace and support social cohesion and economic growth.

 

IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania
The ECF-supported program is expected to help Mauritania economy foster inclusive and diversified growth to improve the population’s living standards, maintain macroeconomic stability, strengthen debt sustainability, and reduce poverty.

IMF Executive Board Approves US$170.1 Million under the ECF Arrangement for Guinea
The ECF arrangement will support Guinea’s 2016–20 National Social and Economic Development Plan which aims at fostering higher and broad-based growth, diversifying the economy, and reducing poverty.

IMF Executive Board Completes Second Review Under the ECF Arrangement for the Central African Republic, Approves US$16.3 Million Disbursement, and an Augmentation of US$15.5 Million
Swift implementation of the National Plan for Recovery and Peace’s investment program will boost economic prospects.

 

IMF Executive Board Approves US$312.1 Million Under the ECF Arrangement for Chad
The arrangement will help stabilize the fiscal position, support a sustainable balance of payments position, and contribute to rebuilding the regional international reserve pool.

 

IMF Executive Board approves US$666.2 Million Under the ECF Arrangement for Cameroon
The arrangements under the Extended Credit Facility aims to restore the country’s fiscal and external sustainability and unlock job-rich, private sector-driven growth.

 

IMF Executive Board Approves US$ 151.03 Million under the ECF Arrangement for Benin
This new program aims to address Benin’s protracted balance of payments needs, and alleviate the impediments to inclusive growth and poverty reduction by creating fiscal space for infrastructure investment and priority social spending. It is also aimed at helping to catalyze official and private financing and build resilience to future economic shocks.

 

IMF Executive Board Approves US$134.04 Million under the ECF Arrangement for Niger
The new program aims to enhance macroeconomic stability and foster high and equitable growth, boost incomes and create jobs, while strengthening the foundations for sustainable development.

 

IMF Executive Board Approves US$658.9 Million Under the ECF and EFF Arrangements for Côte d’Ivoire
The arrangements support the authorities’ economic and financial program to foster inclusive, sustainable growth; structural transformation of the economy; and poverty reduction

 

IMF Executive Board Approves US$41.6 Million Disbursement under the Rapid Credit Facility for Haiti
The loan will help the authorities meet urgent balance of payments needs arising from the effects of Hurricane Matthew