IMF Reaches Staff Level Agreement on the Seventh Review of Barbados Economic Program under the Extended Fund Facility

IMF Executive Board Concludes Quinquennial SDR Valuation Review and Determines New Currency Weights for SDR Valuation Basket

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IMF Staff Completes 2022 Article IV Mission to the Dominican Republic

West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration.
The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from 9 to 20 May. The two-day sessions focused on financing opportunities that have the potential to deliver transformative projects and programs to boost the Great Green Wall initiative in West Africa.

In the Boukitingho Valley, in Lower Casamance in southern Senegal, Hilaire Tokyo Diatta recalls the bitter memory of the ever-increasing intrusion of salt onto the land. "Every year, households lost plots of land to the salt. Rice plots were particularly affected," he says.
"Since we've had the benefit of the anti-salt dam, we have renewed our motivation to develop rice farming," continued Hilaire. "Much of the land has been reclaimed and the Boukitingho Valley is completely protected from salt intrusion. The area under cultivation is increasing year on year, as are yields."

Through multiple transformative actions, the African Development Bank Group has become an indispensable development partner for Sahel countries facing enormous challenges. Support for the Sahel region, in areas including infrastructure, women’s empowerment and climate change adaptation, is in line with the priorities set by the Bank, focusing on the Sahel’s significant opportunities in order to help it realize its potential for development.,

Despite its tremendous agricultural potential, Burkina Faso has long grappled with the thorny problem of food and nutrition security.
Poor water usage, environmental degradation, vulnerability to climate change and lack of access to finance and to nutrition information are just some of the causes of food insecurity, which is widespread in the Sahel region.
And in a country, where 82% of the population is employed in the agricultural sector, low productivity has a knock-on effect on livelihoods.

African Development Bank Group President Dr. Akinwumi A. Adesina will visit Ghana on Wednesday, 11 May, as part of the Bank Group’s preparations for its 2022 Annual Meetings in Accra.
This year’s meetings, which will be in a hybrid format, will take place from 23 to 27 May at the Accra International Conference Center. They mark a return to in-person meetings following virtual gatherings over the last two years.