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The Gambia : First Review Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Augmentation of Access and a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended
Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of
quota) for The Gambia. The Gambia benefited from a Rapid Credit Facility (RCF)
disbursement of SDR 15.55 million (25 percent of quota) approved on April 15, 2020
and is receiving debt service relief under the Catastrophe Containment and Relief Trust
(CCRT) expected to total SDR 7.9 million (SDR 4.2 million of which has already been
approved), to help meet heightened balance-of-payments and fiscal financing needs
due to the impact of the COVID-19 pandemic. While indicators point to a domestic
weakening of the pandemic, the authorities are seeking an ECF augmentation of
SDR 20 million (32.15 percent of quota) to meet balance-of-payments needs arising
from fiscal measures to stimulate the economic recovery in 2021, strengthen public
health preparedness, increase social spending to mitigate the effects o ....

Relief Trust , First Review Under , Extended Credit Facility Arrangement , Financing Assurances Review , Performance Criterion Press Release , Staff Report , Executive Director , Adobe Acrobat Reader , Extended Credit Facility , Rapid Credit Facility , Catastrophe Containment , துயர் நீக்கம் நம்பிக்கை , முதல் விமர்சனம் கீழ் , நீட்டிக்கப்பட்டது கடன் வசதி ஏற்பாடு , நிதி உத்தரவாதங்கள் விமர்சனம் , செயல்திறன் அளவுகோல் ப்ரெஸ் வெளியீடு , ஊழியர்கள் அறிக்கை , நிர்வாகி இயக்குனர் , நீட்டிக்கப்பட்டது கடன் வசதி , விரைவான கடன் வசதி , பேரழிவு கட்டுப்படுத்துதல் ,

From War Zone to China's Poster Child, to Economic Despair: Angola's 40-Year Journey

Angola is rich in natural wealth, with massive petroleum and diamond deposits across its territory. Most of its people, however, continue to live in poverty. Since its independence in 1975, Angola has had a tumultuous journey: from being a war zone, to becoming a poster child for Chinese engagement in the continent, and since 2015, declining to its current state where the challenges are so massive negative growth rates, high external debt, rising poverty and inequality, and lack of basic health and education facilities that there is no immediate recovery in sight. This brief makes an account of Angola’s contemporary history, analyses the broad economic patterns that the country has witnessed over the past four decades, and outlines the imperatives for policymakers. ....

United States , United Arab Emirates , United Kingdom , Hong Kong , France General , Che Guevara , Cuanza Sul , Lunda Sul , South Sudan , Kwanza Sul , New York , Distrito De Luanda , Distrito De Cabinda , Cuito Cuanavale , Cuando Cubango , South Africa , French Riviera , World Bank , District Of Columbia , South African , Republic Of Angola , Jesse Salah , Inge Tvedten , Edward George , Sindika Dokolo , Delphine Reuter ,