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A woman walks past an empty shop in Nicosia, Cyprus: the country plans to stabilize its banks and fix public finances with help from the IMF (photo: Katia Christodoulou/epa/Corbis)

IMF Loan to Stabilize Cyprus’s Financial System, Restore Growth

May 17, 2013

The International Monetary Fund’s Executive Board approved a €1 billion ($1.33 billion) loan over three years to help the island nation of Cyprus, a member of the European Union, to stabilize its financial sector and set public finances on a sustainable path.

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The IMF and Europe

IMF analysis of Europe’s financial system
Europe’s banking union

IMF Helps Promote Understanding of Capital Flows

May 17, 2013
In a bid to support greater understanding of capital flows among government officials in Asia, the International Monetary Fund’s Regional Office for Asia and the Pacific organized a high-level seminar with Hitotsubashi University.

Productivity Is Key to Growth in Small Mid-income Countries

May 14, 2013
Africa’s small middle-income countries must boost the contribution of productivity to growth, since they can no longer rely on capital deepening as a growth driver, a Washington conference hears. Better productivity will also make these countries globally competitive.

Latin American Growth to Edge Higher in 2013

May 06, 2013
Growth in Latin America and the Caribbean is set to pick up from 3 percent in 2012 to 3½ percent in 2013, supported by stronger external demand, favorable financing conditions, and the effects of earlier policy easing in some countries, the IMF said.

Asia Faces Shifting Risks, New Foundations for Growth

April 29, 2013
After a year of subdued economic performance, growth in Asia is set to pick up this year driven largely by continued robust domestic demand, says the IMF in its latest Regional Economic Outlook, which predicts growth will reach about 5¾ percent in 2013.

Africa Enjoying Dynamic Growth but Challenges Remain

April 20, 2013
African countries are focusing on improving their infrastructure and tackling unemployment to maintain their dynamic growth, said African finance ministers during the IMF-World Bank Spring Meetings in Washington.

Lack of Growth Hampers Hungary’s Economy

March 29, 2013
Hungary managed to navigate a challenging financial year and maintained economic stability in 2012, but the economy slipped into its second recession in four years and GDP declined by 1.7 percent, the IMF said in its latest annual check-up of the country’s economic health.

Investing in Latin America’s Future

March 25, 2013
Economic growth in Latin America is expected to remain strong in 2013, but the region needs more growth-enhancing and employment-generating policies to reduce poverty and income inequality, said Alejandro Werner, the IMF’s new Director of the Western Hemisphere Department.

Europe-Wide Approach Will Make Financial System Safer

March 15, 2013
In its first-ever European Union-wide assessment of the soundness and stability of the financial sector, the International Monetary Fund pointed to the need to step up regional efforts to manage financial crises and risks to keep the 27 countries that form the world’s largest economy safe and stable.

Myanmar Takes Wide-Ranging Steps Toward Economic Reform

February 28, 2013
Myanmar is right to be taking steps to reduce its reliance on informal and segmented markets, and build a comprehensive framework to ensure resources are directed to sectors with the greatest need, a top IMF economist tells a seminar in Washington DC.

Malaysia Expected to Continue Robust, Demand-Led Growth

February 28, 2013
Malaysia’s economy enjoyed robust, domestic-led growth in 2012, and is expected to grow by about 5 percent this year, accompanied by low unemployment and subdued inflation, say IMF economists.

IMF Assesses New Era of Monetary Policy

May 16, 2013
Several years of exceptionally low interest rates and bond buying by some advanced economy central banks have reduced the risk of deflation, stabilized the financial system, and calmed financial markets, but these unconventional policies also have potential negative side effects.

Sub-Saharan Africa Builds Momentum in Multi-speed World

May 10, 2013
With a gradually improving outlook for the global economy, growth in sub-Saharan Africa is set to strengthen, the IMF’s latest forecast for the region says. The near-term outlook is broadly positive because most factors supporting economic activity recently remain in place.

IMF Loan to Help Jamaica Cope With Growth and Debt Challenges

May 01, 2013
The IMF’s Executive Board approved a 48-month, $932 million Extended Arrangement for Jamaica. The program will help create the conditions for sustained growth through a significant improvement in the fiscal and debt positions and in competitiveness.

Mideast Issues High on IMF Agenda

April 26, 2013
The challenges facing Arab countries in transition —Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen—were a focal point for policymakers during the 2013 IMF-World Bank Spring Meetings in Washington last week.

Latin America: With Economy Humming, Good Time to Pursue Reforms

April 19, 2013
With many of the region’s economies doing well, policymakers in Latin America should take advantage of the current favorable economic conditions to lay the foundations for strong and sustainable growth, said Alejandro Werner, head of the IMF’s Western Hemisphere Department.

Panama: Growth to Remain Buoyant

March 28, 2013
With average annual growth rates of 8.5 percent, Panama’s per capita GDP has more than doubled over the past decade. This impressive growth performance has been driven by a steady rise in public and private investment in a stable economic environment buttressed by prudent policies.

Liberia Urged to Boost Capacity to Handle Resource Revenues

March 19, 2013
Liberia should act quickly to ensure that it has the capacity to manage rising revenues from its natural resources, speakers told a seminar in Monrovia.

Gabon’s Priority: Use Resources to Become Emerging Economy

March 08, 2013
Gabon’s government has launched an ambitious public investment and reform program to transform the central African country into a diversified emerging market economy by 2025. The key, the IMF says in its regular review of Gabon’s economy, lies in implementing the program while managing downside risks.

Arab Countries in Transition Seek Path to Strong, Inclusive Growth

February 28, 2013
The Middle East faces a complex economic transition as policymakers work to deliver on the promise of change that swept the region two years ago, according to the IMF’s Finance & Development (F&D) magazine, which looks at solutions to achieve strong, inclusive growth in the region.

Minerals Demand Shields Namibia from World Trade Slowdown

February 22, 2013
Demand for mineral exports drove Namibia’s strong recovery last year from the effects of the world economic crisis. But, IMF economists say in their regular review of the southern African nation’s economy, Namibia’s recovery could be hampered by the impact on trade flows of renewed global uncertainty.

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