The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia and endorsed the staff appraisal on a lapse-of-time basis without a meeting.
• The Argentine authorities and IMF staff have reached staff-level agreement on the combined fifth and sixth reviews under Argentina’s 30-month Extended Fund Facility (EFF) arrangement. The agreement is subject to the continued implementation of agreed policy actions and approval by the IMF Executive Board, which is expected to meet in the second half of August. Upon completion of the fifth and sixth reviews, Argentina will have access of about US$7.5 billion. The next review is expected to take place in November.
The Executive Board of the International Monetary Fund (IMF) discussed the first review of the Staff-Monitored Program with Executive Board Involvement (PMB) for Malawi. Malawi has been affected by a series of shocks— including an outbreak of cholera and Cyclone Freddy, which caused significant loss of life and damage to infrastructure—since the approval of the PMB on November 11, 2022.
The first 5.5 km section of the Niš-Merdare highway was opened today by Republic of Serbia President Aleksandar Vučić and the Ambassador of the European Union to Serbia Emanuele Giaufret, in the presence of representatives of EIB Global, the European Bank for Reconstruction and Development (EBRD) and Serbian ministers. The contract for this first section of the highway was signed in September 2021 during the visit of European Commission President Ursula von der Leyen.
The ECG Fall 2023 meeting was hosted by the African Development Bank at their headquarters in Abidjan (CCIA Building, Avenue Jean-Paul II).
Pembani Remgro Infrastructure Fund II investments will aim at developing industrial and green infrastructure projects.
African Development Bank Group President Dr Akinwumi Adesina on Sunday, outlined the Bank’s significant achievements and commitments to Africa, underscoring the Bank’s determination to mobilise resources for driving economic transformation, climate resilience, and addressing the continent’s debt challenge, among other...
A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.
Support from the African Development Bank for the Port of Cotonou will enable the construction of a new container terminal called “T5”, among other things. (© PROSPER DAGNITCHE / AFP)
The African Development Bank Group has appointed Ousmane Fall, a Senegalese national, as Director of Non-Sovereign Operations and Private Sector, effective from the 1st of August 2023.
