The IMF finally approved the third review of Angola's EFF programme yesterday (see press statement here). The IMF board also approved an augmentation of the programme by US$765mn (72% of quota), in line with the authorities' request to increase the s...

The investment to realise that manufacturing potential is likely driven by serving local and nearby regional markets in contrast to North Africa (EU exports) or South East Asia (global exports and China relocation). Our relative scorecard uses the sa...

This is the second in a series of thought pieces that will look at the role of development finance institutions post-Covid-19. In practice, however, the IMF has so far stuck to its guns and refused to extend funding for countries with an unsustainabl...

There are eight updates to our tracker this week. It may now take place in the second-half of August, at the earliest, when the board returns from recess. There is nothing else on the IMF board schedule in the next week (except Gabon today). Overall,...

After a quiet few weeks, there are six updates to our tracker this week. Together with new programme approvals or programme reviews under their existing arrangements (excluding countries for which precautionary credit lines have been approved), the t...

The third review of Angola's EFF is now on the IMF board schedule for 30 July. It seems unusual to us (but not impossible) just to drop a requirement for PSI into the middle of a programme that is already underway. But we don't want to jump the gun j...