IMFSurvey Magazine: News, views, and analysis from the IMF

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France: Less Severe Recession but Tepid Recovery

July 31, 2009
France’s economy is being affected by the global financial crisis and the contraction of world trade. In its latest assessment, the IMF says that even though France’s recession is severe, the country has been shielded from the worst effects of the crisis.

Avoiding Protracted Decline in Euro Area

July 30, 2009
Although there are signs of improvement in the euro area economy, the outlook is still uncertain, the IMF says in its regular review of the region’s economy. More action is needed to support the recovery and to address cross-border spillovers within the EU.

Sri Lanka to Use IMF Loan to Reform Economy After Conflict

July 29, 2009
The IMF has approved a 20-month Stand-By Arrangement for Sri Lanka providing the South Asian island nation with a $2.6 billion loan to help reform the economy following the end of its extended conflict.

IMF Backs New Package To Support World's Poorest During Crisis

July 29, 2009
The IMF, stepping up lending to low-income countries to combat the impact of the global recession, announces a new framework for loans to the world’s poorest nations, including increased resources, a doubling of borrowing limits, zero interest rates until the end of 2011, and more flexible terms.

IMF Works to Plug Data Gaps Exposed by Crisis

July 29, 2009
The IMF and the Financial Stability Board (FSB) are working together to help identify the information gaps exposed by the global economic crisis and to come up with appropriate responses.

Indonesia’s Choice of Policy Mix Critical to Ongoing Growth

July 28, 2009
Indonesia remains one of the few bright spots in the generally bleak, global economic landscape, but Jakarta’s choice of policy mix will be key to continued growth, says the International Monetary Fund

Latvia Struggles to Overcome Economic Downturn

July 28, 2009
An IMF mission and the Latvian government have agreed on a new policy package that will give the Baltic country access to about $278 million in new financing. In an interview, mission leaders Anne-Marie Gulde and Mark Griffiths explain the rationale for the policy measures.

IMF Backs Rebalancing of China’s Economy

July 27, 2009
The IMF praises Beijing’s swift and concerted response to the global economic downturn, but says in its latest assessment of the world’s third-largest economy that China needs to adjust its economic model for continued strong growth.

BRICs Drive Global Economic Recovery

July 22, 2009
We may be witnessing the emergence of a new world order, with countries such as Brazil, Russia, India, and China supplanting the industrial countries as the lead economic powers, write Mario Lettieri and Paolo Raimondi.

IMF Plans to Inject $250 Billion Into Global Economy

July 20, 2009
The International Monetary Fund plans to inject $250 billion into the global economy to bolster countries’ reserves as part of measures to combat the world economic crisis. The IMF’s Executive Board backed an allocation of Special Drawing Rights to provide liquidity to the global economic system.

United Kingdom: From Rescue to Recovery

July 16, 2009
Growth in the United Kingdom is expected to gradually pick up through 2010, but the speed and strength of the recovery remain highly uncertain, the IMF says in its latest review of the British economy.

Ghana Gets $602 Million IMF Loan, Readies Oil Production

July 16, 2009
The IMF approves a $602.6 million loan to Ghana to help the West African nation tackle budget imbalances while preparing for the start of oil production. The loan is the largest IMF financing package to date for an African country during the global financial crisis.

IMF Sees Recovery in Japan If World Economy Improves

July 16, 2009
The IMF upgrades its growth forecast for Japan for 2010, but warns of the need for further measures if the outlook worsens. The IMF’s annual assessment of the Japanese economy says the improved outlook is partly a result of Tokyo’s strong fiscal response.

Turkey Gears Up To Host IMF-World Bank Meetings

July 10, 2009
Turkey is preparing to host one of the world's biggest gatherings of financial officials and business leaders amid the worst economic crisis in 60 years. The IMF-World Bank Annual Meetings will be held in Istanbul in October.

Recession Loosens Grip But Weak Recovery Ahead

July 08, 2009
The global economy is beginning to pull out of a recession unprecedented in the post–World War II era and risks to the global financial system have moderated, but stabilization is uneven and the recovery is expected to be sluggish, according to the IMF’s latest forecast.

IMF Moves to Boost Resources to Combat Global Crisis

July 06, 2009
The International Monetary Fund is putting in place bilateral borrowing arrangements to strengthen its lending war chest to combat the ongoing global economic crisis and plans its first issuance of interest-bearing promissory notes to supplement its lendable resources, the Fund’s finance chief says.

IMF Acting on Several Fronts to Ramp Up Its Financing

July 06, 2009
The IMF is ramping up its financial resources to be able to play a strong role in resolving the current crisis. IMF Finance Director Andrew Tweedie spoke about the action to revamp the Fund’s finances so it is better placed to help member countries.

IMF Approves $1.2 Billion in Debt Relief for Haiti

July 01, 2009
The IMF Executive Board granted Haiti $1.2 billion in debt relief, freeing up millions of dollars a year for the government to spend on health, education, and fighting poverty, the institution announced on June 30.

Reforms, IMF Support Pull Seychelles Back From the Brink

June 30, 2009
Less than a year after experiencing economic crisis and introducing bold economic reforms, Seychelles is seeing the fruits of its efforts. A historic liberalization of its exchange regime and bold fiscal measures, together with tight monetary policy, have stabilized the economy.

IMF Invites Civil Society Input Into Governance Reform

June 26, 2009
The IMF asks civil society organizations for input into proposals to reform the way the institution is governed. An independently run website will collate the input to IMF staff preparing governance reform papers for the IMF’s Executive Board and the IMF-World Bank Annual Meetings.

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