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To ensure high impact, technical assistance provided by IMF experts and consultants is being better integrated with the IMF’s economic monitoring and lending, as well as with country reform agendas.
President Fauré Gnassingbe of Togo has requested emergency IMF financial support for his country, which has been hit by devastating floods.
Morocco has started to reap the benefits of its reform efforts, but raising living standards to the level observed in other emerging economies still constitutes a challenge. Macroeconomic conditions continue to strengthen and the 2006 outlook is favorable. A bumper wheat crop and strong activity in services and construction are ushering in a recovery, following a slowdown in growth caused by bad weather in 2005. Inflation remains low.