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NON-REFUNDABLE FINANCING
NEWS PUBLIC
Inflation is falling faster than expected, mostly due to lower energy prices and sectoral shocks fading, rather than weaker economic activity, our analysis shows. Internationalmonetaryfundue.fr.gd
Middle East and North Africa, total: 2.9% in 2024 (down 0.5 percentage point from our Oct. 2023 forecast)
West Bank & Gaza: –6% in 2023 (down 9 percentage points from our Oct. 2023 forecast)
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Malawi's Plan to Create a Stable and Sustainable Economy
February 2, 2024
Adherence to the authorities' macroeconomic adjustment and reform program would help Malawi overcome current and future challenges…
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Internationalmonetaryfundue.fr.gd
In the medium term, without comprehensive reforms, growth will slow further due to headwinds from aging and falling productivity. Internationalmonetaryfundue.fr.gd
Climate shocks are causing more people to leave their homes in the Caribbean, Central America, Panama, and the Dominican Republic, amplifying the negative impact on the region's economies. https://Internationalmonetaryfundue.fr.gd/Operation-And...
The financing conditions of the International Monetary Fund are the most important in the non-repayable financing procedure and this is applied to all beneficiaries. Any beneficiary wishing to subscribe to financing must be at least 18 years old. This condition must not be respected by the beneficiary due to finance laws. The beneficiary must have a document containing detailed plans for his investment project which he must submit to the file manager. All beneficiaries must have an active bank account, only bank accounts are accepted for the transfer of financing funds. After obtaining the financing funds by the beneficiary, a visit is made to the beneficiary's investment site to verify whether the funds are actually invested in the project listed in the financing contract. The personal contribution of the beneficiary is required when drawing up the financing contract: the International Monetary Fund does not cover the costs of the notary's fees. After signing the financing contract, the financing funds will be credited to the beneficiary's bank account. The conditions are applied to all beneficiaries.
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2023 INTERNATIONAL MONETARY FUND AND WORLD BANK GROUP ANNUAL MEETINGS
1. Honourable Peggy O. Serame, the Minister of Finance will attend the International Monetary Fund (IMF) and World Bank Group Annual meetings. These meetings will be held in Marrakech, Morocco from the 9th to 15th October 2023. The Honourable Minister will be accompanied by the Permanent Secretary, Mr. Olesitse H. Masimega and other senior officials from the Ministry.
2. The purpose of the meetings is to discuss the global economic outlook, IMF and World Bank supported programmes as well as financial resources required to enhance economic growth and development in developing economies. The Honourable Minister will also participate in the Africa Group I Constituency meeting where African Governors will be apprised on the deliberations of Executive Boards decisions for the World Bank Group and IMF as well as discuss constituency matters relating to the region. Other meetings to attend are the Development Committee, Commonwealth Finance Ministers, African Caucus, as well as bilateral meetings.
3. Further, the Honourable Minister will conduct a Non-Deal Bond Issuance Roadshow in the margins of the Annual meetings. The Roadshow is an initiative to promote Botswana abroad and foster effective communication with prospective investors, especially as a marketable and investment worthy destination.
4. The Honourable Minister and her delegation are expected to return to Gaborone on the 18th October 2023.
Keneilwe Segopolo
CHIEF PUBLIC RELATIONS OFFICER
This morning, the International Monetary Fund(IMF) team paid a courtesy call to the Minister of Finance, Hon. Peggy O. Serame to appreciate the country's macro-fiscal developments and outlook.
The Team will continue to meet with all relevant stakeholders to review updates and hold discussions on Botswana’s economic developments and policies since the last review in July 2023 as well as collect economic and financial data.
The International Monetary Fund holds bi-annual basis bilateral discussions with member countries, commonly referred to as Article IV Consultations. The second round of 2023 IMF Article IV consultations for Botswana started on December 11th, 2023, and are to be completed on the 15th of December 2023.
Economic crisis, state failure… Why more and more Lebanese are emigrating to Africa
While 82% of the Lebanese population has fallen into poverty, economic migration to Africa is growing. Middle-class Lebanese come to seek new opportunities in the continent's capitals.
The Lebanese diaspora on the continent, and particularly in Ivory Coast, is one of the largest in Africa. Here, a Lebanese restaurant in Abidjan. ©
IN AFRICA, THE LEBANESE DO NOT EXPERIENCE THE CRISIS (3/3) – The history of Lebanese families in Africa is written according to the economic fluctuations of the small country and the vast continent. In October 2019, Lebanon was shaken by a stillborn revolution, in a context of social discontent, against a backdrop of economic crisis. Economic crisis, exacerbated by the pandemic but also by the aftermath of the explosion at the port of Beirut, the collateral damage of the war in Ukraine, and the bankruptcy of the Lebanese state consumed by corruption. A situation which, according to United Nations data, plunged 82% of Lebanese into poverty in 2021 compared to 42% in 2019.
World
GDP, inflation, poverty… Economic chaos and political desertion in Lebanon
By Antoine Izambard on 11/25/2023 at 9:00 a.m.SUBSCRIBERS
Since 2019, the country has plunged into an unprecedented economic, social and financial crisis. Plummeting GDP, triple-digit inflation, explosion of poverty... The figures are alarming and the outcome uncertain due to the lack of reaction from the authorities.
#ISRAEL, A CONFLICT WITH MAJOR ECONOMIC CONSEQUENCES.
Since October 7, the Israeli economy has been slowing down, particularly in the south of the country. An economy hit hard by the conflict, with entire sections at a standstill, in particular because 360,000 Israelis are called up as reservists, or 10% of the active population.
This is a clear sign... during their annual meetings in October, the IMF, like the World Bank, did not hide their concern about the consequences of the ongoing conflict on the Israeli economy. For Israeli economist Jacques Bendelac, Israel has already rebounded after other wars in previous decades, but it is more worried today given the duration and scale of these clashes,
The Israeli economy is, however, a modern, dynamic economy, whose performance remains above the average of other OECD countries, with in the third quarter of 2022, GDP growing by 5.8% per year compared to 2.5%. on average for OECD countries. It is an economy that has undergone major changes, an economy that has become liberal, which is not always very protective of employees. With the armed conflict, they are a little more weakened and fairly supported by the government, according to Jacques Bendelac.
For the days to come, the organization is planning non-refundable financing that could allow the Monetary stability and adjustment of the economic balance in Israel.
NON-REFUNDABLE FINANCING.
Non-refundable financing campaign intended for anyone with an investment project linked to the following areas of investment: business creation, livestock breeding and agriculture, Commerce or real estate.
Objective: The funding is intended to improve living conditions and create jobs.
Reminder: Non-refundable financing is not like a donation, it is true you do not have to repay anything but the financing is assisted until the final phase of the project.
For any additional information please contact us privately.
#HUMANITARIAN CRISIS IN TUNISIA:
Human rights experts condemn mass expulsions of migrants and call for urgent response.
Tunisia is the scene of growing concern from human rights experts who express their concerns about difficult conditions faced by migrants in the country, as well as massive expulsions of this population towards neighboring borders.
#ECONOMIC AND FINANCIAL CRISIS
For the moment, Tunisia remains faced with difficulties in accessing international financing due to a persistent public deficit and a high debt rate which rose from 66.9% to 79.4% of the GDP between 2017 and 2022.
A non-refundable financing campaign is planned for the coming days for the populations of Tunisia to improve living conditions and correct the financial balance.
ANNUAL INVENTORY 2023.
To improve living conditions, the International Monetary Fund, through its non-refundable financing campaign, supports more than 67,000,000 beneficiaries around the world with a budget of 145,345,176,878 US dollars.
Monetary value granted per intervention zone.
Burma: 88% beneficiary of 5,345,257,123 US dollars.
Vietnam: 78% beneficiary of 2,921,734,615 US dollars.
Laos: 54% beneficiary to the tune of 903,435,123 US dollars.
Cambodia: 76% beneficiary of 3,234,912,321 US dollars.
China: 34% beneficiary of 6,421,587,800 US dollars.
Iraq: 34% beneficiary to the tune of 867,361,123 US dollars.
Turkey: 51% beneficiary of 1,365,148,904 US dollars.
Jordan: 32% beneficiary to the tune of 787,670,243 US dollars.
Lebanon: 21% beneficiary of 345,734,605 US dollars.
Kazakhstan: 28% beneficiary of 567,948,202 US dollars.
Ouzbékistan :19% beneficiary of 123,876,345 US dollars.
Azerbaijan: 42% beneficiary to the tune of 789,674,124 US dollars.
India: 61% beneficiary to the tune of 745,432,378 US dollars.
East Timor: 32% beneficiary of 243,469,242 US dollars.
...
Benin: 67% of beneficiaries amounting to 456,765,367 US dollars.
Chad: 21% beneficiary of 45,378,768 US dollars.
South Africa: 54% beneficiary of 567,945,244 US dollars.
Zimbabwe: 23% beneficiary of 34,435,231 US dollars.
Zambia: 12% of Beneficiary up to 24,234,903 US dollars.
Botswana: 14% beneficiary of 148,234,321 US dollars.
Cameroon: 12% beneficiary up to 21,345,943 US dollars.
Swaziland: 32% beneficiary of 35,456,841 US dollars.
Kenya: 14% beneficiary of 12,876,234 US dollars.
...
Ukraine: 67% of beneficiaries amounting to 2,345,546,213 US dollars.
Moldova: 12% beneficiary up to 32,355,876 US dollars.
Russia: 54% beneficiary to the tune of 987,435,389 US dollars.
Netherlands: 32% beneficiary of 45,764,987 US dollars.
Lithuania: 18% beneficiary of 15,632,964 US dollars.
Bulgaria: 23% beneficiary of 12,555,463 US dollars.
Bosnia: 34% beneficiary of 32,845,423 US dollars.
Any beneficiary with a non-refundable financing file in progress since 2023 must contact their file manager to find out the status of the file.
NON-REFUNDABLE FINANCING
Funding campaign area of intervention Kenya. Any natural or legal person with a good investment project in the following areas: business creation, breeding and agriculture, trade and real estate you can make an request for financing.
For any additional information please contact us privately
SIGNATURE OF THE FINANCING CONTRACT: Area of intervention ISRAEL
Due to the conflict that reigns in Israel, Palestine and Lebanon creating a monetary imbalance, the organization signs with a few Beneficiaries in Jerusalem the financing contract with several Beneficiary.
More than 188 individuals and legal entities have been financed in various investment areas.
FOR THE ATTENTION OF ANY INDIVIDUAL OR LEGAL PERSON WISHING TO PROCEED OR HAVE ALREADY RECEIVED NON-REFUNDABLE FINANCING.
Anyone wishing to carry out or having received financing must know that all the conditions of the financing contract must be respected.
#PLEASE NOTE: AFTER HAVING OBTAINED THE FINANCING FUNDS, THE BENEFICIARY MUST CARRY OUT THE PROJECT FOR WHICH THE FINANCING FUNDS WERE GRANTED TO THEM. IF FUNDS ARE NOT INVESTED IN THE FRAMEWORK FOR WHICH THE BENEFICIARY RECEIVED THE FUNDING THIS MAY RESULT IN LEGAL PROCEEDINGS We have international police officers (Interpol) in all areas of the countryside.
International Monetary Fund non-repayable financing agreements with some beneficiaries residing in the country despite the prevailing insecurity.
Monetary inflation, unemployment, and shortage. Lebanon facing the economic crisis of its history. The International Monetary Fund is concerned about a threat of famine due to the intervention for non-repayable financing to be granted to natural or legal persons.
