IMF Africa

After nearly 7 amazing years at the IMF, I have decided to return to my academic roots. On September 1, 2025, I will rejoin @HarvardEcon as the inaugural Gregory and Ania Coffey Professor of Economics. I am truly grateful for my time at @IMFnews, first as Chief Economist and then…

First Deputy Managing Director @GitaGopinath will leave the IMF at the end of August to return to @Harvard University as the inaugural Gregory and Ania Coffey Professor of Economics. I am deeply grateful for her exceptional contributions to the Fund. imf.org/en/News/Articl…

Managing Director @KGeorgieva today announced that First Deputy Managing Director @GitaGopinath will leave the IMF at the end of August to return to @Harvard University. Read the statement here: imf.org/en/News/Articl…

I had a wide-ranging conversation with @CNBCAfrica’s @FifiPeters on the regional economic outlook and challenges. We highlighted the importance of deepening regional trade ties amid global uncertainty and touched on AI too. Watch it here: cnbcafrica.com/media/77527654…

Starting #G20SouthAfrica with dynamic panel on AI & labor productivity. My messages: (1) Estimates of AI’s impact on productivity are wide-ranging and still unclear (2) What is clear is the need build up digital infrastructure & human capital. Watch here: bit.ly/410ZE1l

Here in KwaZulu-Natal for the #G20SouthAfrica Finance Ministers and CB Governors’ Meeting. Looking forward to insightful exchanges on how to enhance economic resilience & spur growth, and on debt sustainability for low-income countries.

Very pleased to meet @SidiOuldTah, President-Elect of the African Development Bank. Had a productive discussion on how the IMF & @AfDB_Group can collaborate to promote resilience, growth & opportunity across Africa. Looking forward to working together to advance our shared goals.

The IMF Executive Board has concluded the annual review of Zambia's economy and the 5th review of the IMF-supported program, providing access to about $184 million. Zambia is continuing to advance key reforms to strengthen its economy. imf.org/en/News/Articl…

The IMF Executive Board approved a 48-month IMF-supported program for Chad with financing of about $630 million to support economic reforms and address balance of payment needs. The program creates fiscal space for development projects. imf.org/en/News/Articl…

We welcome Ghana's actions to address the pre-election fiscal slippages including the strong 2025 budget, fiscal reforms & energy sector strategy. The mid-year budget review is fully in line with parameters and objectives of the IMF-supported program.

Mauritius is a diversified upper-middle-income country, but rising debt, low productivity and an ageing society pose challenges. Learn about recommendations for achieving sustainable public finances in the latest IMF Country Focus. imf.org/en/News/Articl…

From today's press briefing: I announced the launch of our World Economic Outlook Update next week, and answered questions on Argentina, Egypt, Ghana, Senegal, Ukraine, and more: x.com/i/broadcasts/1…

The IMF conducts annual assessments of current account surpluses and deficits in major economies to alert the global community to potential imbalances and risks that require collective policy action. Read our latest report here. imf.org/en/Publication…

The report highlights that domestic macroeconomic policies are key to addressing these imbalances. A well-functioning international monetary system remains essential for global stability. imf.org/en/Blogs/Artic…

Global current account balances widened by 0.6% of world GDP in 2024—a notable reversal of the post-pandemic narrowing. The latest External Sector Report finds that two-thirds of this widening reflects excess imbalances in major economies. imf.org/en/Publication…

Contrary to perception, sub-Saharan Africa has often managed to stabilize or reduce debt ratios without restructuring. Discover the strategies behind over 60 debt reduction episodes. Read IMF Country Focus to learn more. imf.org/en/News/Articl…

Trade is at a crossroads. Rising tensions and policy uncertainty risk undermining decades of progress. We must work together to strengthen the global trading system—fairer, more secure, and more sustainable. imf.org/en/Publication…

IMF Managing Director Kristalina Georgieva is pleased to appoint Rodrigo Valdés as Director of the IMF’s Fiscal Affairs Department. His leadership and wealth of experience will be vital in today’s complex global landscape. imf.org/en/News/Articl…

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More than half of sub-Saharan Africa’s population lives in fragile and conflict-affected states. Spurring economic growth calls for enhancing institutions, improving governance, strengthening public engagement, and diversifying economies. imf.org/en/Blogs/Artic…