Page 3 - Selected Economic News Today

The IMF Executive Board approved Equatorial Guinea's request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing...

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<li><span>The IMF Executive Board approved Equatorial Guinea’s request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing Instrument.</span></li>
<li><span>The pandemic and the Bata explosions have inflicted heavy damage on Equatorial Guinea’s economy, substantially weakened its near-term economic outlook, increased economic and financial stress, a...

Date Time IMF Executive Board Approves US$105.63 Million Extended Arrangement Under Extended Fund Facility for Seychelles Washington, DC: On July 29, 2021, the Executive Board of the International Monetary Fund (IMF) approved a 32-month extended arrangement under theExtended Fund Facility(EFF) for Seychelles for SDR 74 million (US$105.63 million), or 323 percent of Seychelles’ quota. The Board’s approval allows for an immediate disbursement equivalent to US$ 34.26 million. Seychelles was hi...

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] with Guatemala on June 9,...

Date Time IMF Executive Board Concludes 2021 Article IV Consultation with Norway Washington, DC: On June 2, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Norway on a lapse-of-time basis. Norway experienced one of the mildest economic downturns in Europe in 2020 as a result of the authorities’ substantial policy support actions and one of the lowest Covid infection and mortality rates. The country entered the crisis with substanti...

Washington, DC: On May 26, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Italy. The...

Date Time Share IMF Executive Board Concludes 2021 Discussion on Common Policies of member Countries of Eastern Caribbean Currency Union Washington, DC: On April 26, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the 2021 discussion on the common policies of the Eastern Caribbean Currency Union (ECCU) in the context of the Article IV consultations with member countries. The fallout from the COVID-19 crisis is hitting ECCU economies hard. Tourism receipts (account...

Guatemala: Staff Concluding Statement of the 2021 Article IV Mission 05/04/2021 | 03:59pm EDT Send by mail : Message : May 4, 2021 A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or mission), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMFs Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF)...

Date Time IMF Executive Board Concludes 2021 Article IV Consultation Discussions with Kingdom of Netherlands-Aruba Washington, DC: On April 16, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation discussions[1]with the Kingdom of the Netherlands—Aruba. COVID-19 has caused unprecedented disruption to economic activity, triggering Aruba’s deepest recession in history, but the policy response was swift. Tourism came to a complete halt during...

IMF Executive Board Completes the Eighth Review under the Extended Fund Facility for Georgia sitecoreitem IMF Executive Board Completes the Eighth Review under the Extended Fund Facility for Georgia April 12, 2021 The completion of the eighth review concludes the EFF supported program which has helped strengthen the economys resilience to shocks, as underscored by Georgias ability to successfully navigate the fallout from the COVID-19 pandemic. The Georgian economy is expected to resume growth ...