African Economics

Articles about the economy of African countries

IMF Team Completes Staff Visit to Angola 2017

The Angolan economy is enjoying a mild recovery this year but significant macroeconomic imbalances remain. The new Government is fully aware of the imbalances and has approved a plan to begin addressing these challenges. An International Monetary Fund (IMF) team led by Ricardo Velloso visited Luanda during November 6-15, 2017, to prepare the groundwork for […]

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IMF Staff Completes Review Visit to Rwanda 2017

The IMF team reached preliminary agreement with the government on policies that could support completion of the eighth and third reviews of Rwanda’s PSI- and SCF-supported programs. Growth in 2017 is expected to be 5.2 percent, well above growth averages for sub-Saharan Africa and an acceleration in the medium term will lead to average growth […]

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IMF Staff Concludes Visit to Uganda 2017

IMF team made progress on developing the pillars of a three-year economic program. Growth is projected to reach 5 percent in 2017/18 from 4 percent in 2016/17. An IMF team led by Axel Schimmelpfennig visited Uganda from October 23 to November 3, 2017, to initiate discussions for a macroeconomic program under the Policy Coordination Instrument […]

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IMF Staff Completes Review Visit to Gabon 2017

The EFF-supported program will help Gabon restore macroeconomic stability and lay the foundation for inclusive growth. Completion of the first review would enable a second program disbursement of SDR71.43 (about US$98.8 million). Gabon’s near-term economic outlook remains difficult, with growth expected at about 0.8 percent in 2017, but there are signs that the economy is […]

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