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An International Monetary Fund (IMF) staff team, led by Hans Weisfeld, visited Lomé during March 17 - March 28 to discuss macroeconomic developments and policies. This visit took place in the context of the second review of the Extended Credit Facility (ECF)-arrangement that the IMF has been providing to Togo since March 2024.

An IMF mission visited Senegal to review findings of the audit report by the Court of Auditors, confirming significant under-reporting of fiscal deficits and public debt between 2019–2023.

The IMF Executive Board completed today the first review under the ECF-arrangement for Togo, allowing the authorities to draw the equivalent of about US$57.4 million (SDR 44.0 million). The Executive Board approved the 42-month ECF-arrangement in March 2024.

The IMF Executive Board today completed the Fifth Review of Benin’s Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) and the Second Review under the Resilience and Sustainability Facility (RSF). The decision allows for an immediate disbursement of about US$80 million.

Washington, DC – December 16, 2024 : The Executive Board of the International Monetary Fund (IMF) completed today the seventh review under Guinea-Bissau’s Extended Credit Facility (ECF) arrangement. The three-year arrangement, approved on January 30, 2023, aims to secure debt sustainability, improve governance, and reduce corruption while creating fiscal space for inclusive growth. The Executive Board granted an augmentation of access (140 percent of quota or SDR 39.76 million) on November 29, 2023.

An International Monetary Fund (IMF) staff team led by Mr. Antonio David held meetings from October 28 to November 9, 2024, on the sixth review of the agreement with Niger under the Extended Credit Facility (ECF) and the second review of the arrangement under the Resilience and Sustainability Facility (RSF) and conducted discussions on the 2024 Article IV Consultation

A team from the International Monetary Fund (IMF) led by Niko Hobdari, Mission Chief for Guinea Bissau, held meetings in Bissau during October 29 - November 6, 2024 to discuss macroeconomic policies in the context of the Seventh Review of the ECF arrangement.

An International Monetary Fund (IMF) staff team, led by Hans Weisfeld and comprising John-Paul Fanning, Maximilien Kaffo, Sassire Napo, Grace Li, and Etienne Vaccaro-Grange, conducted a mission to Lome during October 7 - October 18 as part of the first review of the authorities’ economic program supported by the Extended Credit Facility (ECF) arrangement of SDR 293.60 million (about US$ 390 million).

IMF has reached staff-level agreement with Benin on the Fifth Review of Benin’s EFF/ECF and the Second Review of the Resilience and Sustainability Facility (RSF).

To better manage its public sector wage bill, Guinea-Bissau has embraced blockchain technology, a secure digital mechanism that enables tracking and reporting on wage expenditure for civil servants.