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28 Apr 2015 description

IMF Projects Solid Growth for Sub-Saharan Africa in the Face of Headwinds

Press Release No. 15/179
April 28, 2015

Introducing the April 2015 IMF Regional Economic Outlook: Sub-Saharan Africa, Ms. Antoinette Sayeh, Director of the IMF’s African Department commented today:

25 Mar 2015 description
file preview
Country Report

◾Financing package comprises loan installment, loan topup, grant
◾Ebola outbreak, drop in iron ore prices dealt severe blow to economy
◾Government crafting post-Ebola strategy to revive economic activity

The IMF Executive Board approved a loan and grant package for Sierra Leone that includes $102 million in extra financing to help the West African country counter a slump in economic activity engendered by the Ebola outbreak.

03 Mar 2015 description

The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 60.74 million (about US$85.45 million) under the Extended Credit Facility (ECF) arrangement, as well as an augmentation of access under the ECF arrangement of 50 percent of Sierra Leone’s quota, equivalent to SDR 51.85 million (about US$72.94 million).

05 Feb 2015 description

L’épidémie d’Ébola qui sévit dans certaines parties de l’Afrique de l’Ouest est une catastrophe humanitaire qui a attiré l’attention de la communauté internationale sur la menace que représente la propagation rapide de maladies infectieuses potentiellement mortelles, à l’échelle nationale et internationale.

05 Feb 2015 description

The Ebola epidemic in parts of West Africa is a humanitarian disaster that has drawn the attention of the international community to the threat posed by the rapid spread of life-threatening infectious diseases, both within and across international boundaries.

20 Oct 2014 description

Strong Growth in Sub-Saharan Africa, but Pockets of Difficulty

  • Infrastructure, services, agriculture driving growth in most economies
  • Positive outlook overshadowed by Ebola impact in affected countries
  • Goals are high, inclusive growth and addressing fiscal risks in a few countries

Strong growth in the majority of sub-Saharan Africa’s economies should underpin a robust regional expansion in 2014 and 2015, the IMF said in its regional outlook.

20 Oct 2014 description

Read the full report in English

Communiqué de presse n° 14/475

Le 20 octobre 2014

Présentant l’édition d’octobre 2014 du rapport du FMI sur les Perspectives économiques régionales pour l’Afrique subsaharienne, Mme Antoinette Sayeh, Directrice du Département Afrique du FMI, a fait aujourd’hui les observations ci-dessous:

13 Oct 2014 description
  • Global recovery continues but it is fragile and uneven
  • L’épidémie de fièvre Ébola efface les progrès économiques récents dans les pays touchés
  • Les retombées de l’épidémie commencent à se faire sentir dans d’autres pays africains

Les trois pays les plus durement touchés par l’épidémie de fièvre Ébola en Afrique de l’Ouest sont en train d’élaborer un plan de redressement pour l’après-crise, a déclaré le Ministre des Finances de Sierra Leone, M. Kaifala Marah.

26 Sep 2014 description

IMF Survey

  • Guinea, Liberia, Sierra Leone face big revenue shortfalls, new spending needs
  • IMF involvement reflects mounting macroeconomic impact of outbreak
  • IMF committed to working with countries, partners says IMF chief Lagarde

As the death toll from Ebola rises and the economic impact of the crisis spreads, the IMF has stepped in to provide a total of $130 million of emergency financial assistance to Guinea, Liberia, and Sierra Leone, the three West African countries at the center of the epidemic.

11 Nov 2009 description

Press Release No. 09/398

The International Monetary Fund's African Department has selected Ghana as the site of its second Regional Technical Assistance Center in West Africa (AFRITAC West 2). The site selection was officially announced by African Department Director Antoinette Sayeh during a recent visit to Accra.

Since 1993, the IMF has established a total of seven regional technical assistance centers that are located in Africa (Tanzania, Mali, and Gabon), the Pacific (Fiji), the Caribbean (Barbados), the Middle East (Lebanon), and Central America (Guatemala).

22 Dec 2008 description

Press Release No. 08/341

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Sierra Leone's performance under a four-year arrangement under the Poverty Reduction and Growth Facility (PRGF). The Board also approved an SDR 10.4 million (about US$16.1 million) augmentation to help strengthen Sierra Leone's foreign reserve position to cope with the external shocks from world food and fuel price increases and the unfolding global financial crisis.

21 Dec 1999 description

The following item is a Letter of Intent of the government of Sierra Leone, which describes the policies that Sierra Leone intends to implement in the context of its request for financial support from the IMF. The document, which is the property of Sierra Leone, is being made available on the IMF website by agreement with the member as a service to users of the IMF website.

17 Dec 1999 description

Press Release No. 99/62 - December 17, 1999
International Monetary Fund
700 19th Street, NW

05 Sep 1999 description

In addition to support under its regular and special facilities, the IMF provides emergency assistance through loans to help members meet economic problems arising from sudden and unforeseeable natural disasters. The IMF has also expanded the scope of emergency assistance to include countries emerging from conflict in carefully defined situations.

09 Nov 1998 description

The International Monetary Fund (IMF) has approved a loan for the Republic of Sierra Leone equivalent to SDR 11.58 million (about US$16 million) under its emergency post conflict assistance policy1 to support the government’s economic program for 1998/89 (July-June).

During the nine-month period of military rule that followed the May 25, 1997 coup d’état in Sierra Leone, there was widespread displacement of the population, as well as looting, destruction of the economic and social infrastructure, and major dislocation of the financial system.