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Economic Update

Global shocks present challenges to local and regional economic rebound

On 25th April 2022, the International Monetary Fund (IMF) staff and the National Treasury announced that they had reached a staff-level agreement on economic policies to conclude the third review of the ongoing 38-month IMF program in the country. The agreement, subject to the approval of IMF management and the Executive Board, is expected to unlock financial support of USD 244mn.

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