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International Monetary Fund. External Relations Dept.

Growth in sub-Saharan Africa is projected to slow, reflecting increases in food and fuel prices, slower world growth, and global financial turmoil, according to the IMF’s latest regional forecast.

International Monetary Fund. External Relations Dept.

The International Monetary and Financial Committee held its eighteenth meeting in Washington, D.C. on October 11, 2008 under the Chairmanship of Youssef Boutros-Ghali, the Minister of Finance of Egypt. The Committee welcomes Dr. Boutros-Ghali, the new IMFC Chairman. The Committee expresses its deep gratitude to Mr. Tommaso Padoa-Schioppa for his invaluable role as the Committee’s Chairman in securing the membership’s support for critical IMF reforms, and extends its best wishes.

International Monetary Fund. External Relations Dept.

Countries in central Asia and Africa are the first two nations to tap the IMF’s revamped borrowing program designed to help low-income countries cope with emergencies caused by events beyond their control.

International Monetary Fund. External Relations Dept.

The Middle East and Central Asia (MCD) region has continued to see strong growth in 2008, outpacing global growth for the ninth year in a row, the IMF says in its latest regional economic outlook.

International Monetary Fund. External Relations Dept.

An IMF mission visited Tbilisi in late October to conduct the first review under Georgia’s 18-month, $750 million Stand-By Arrangement (SBA) and confirmed that end-September targets for international reserves, net domestic assets of the central bank, and the overall fiscal deficit were met.

International Monetary Fund. External Relations Dept.

Inflation has been rising in the Pacific islands on the back of strong increases in commodity prices.

International Monetary Fund. External Relations Dept.

The IMF is working to help low-income countries maintain—or, ideally, increase—spending on health and education, even as they struggle with the impact of sharp rises in food and energy prices (see article on page 124).

International Monetary Fund. External Relations Dept.

The IMF has provided additional assistance to Haiti, which has been badly affected by the recent sharp rise in commodity prices. In the following interview, IMF economists Andreas Bauer and Laure Redifer talk about how the Fund is helping the government in Port-au-Prince tackle the crisis.

Mr. Andrew Berg and Mr. Paulo Drummond

Many African countries are among the hardest hit by the world food and fuel price crisis.

International Monetary Fund. External Relations Dept.

The IMF will prepare an analysis of the real and financial factors behind the recent surge in oil and commodity prices, their volatility, and the effects on the global economy, Managing Director Dominique Strauss-Kahn said.