IMF Country Focus

• IMF Loan to Support Economic Recovery in Kenya

  March 18, 2021

  

  Kenya’s economy is now picking up speed after the COVID-19 shock, but the pandemic has left deep imprints on the country’s fiscal and debt positions. The IMF mission chief for Kenya, Mary Goodman, explains that the loan would be used to support the government's reform plans and help meet financing needs.

• How the Caribbean Can Avoid Becoming a COVID-19 Long-Hauler

  March 12, 2021

  

  Many Caribbean countries risk becoming COVID-19 economic long-haulers. Much the same as some patients could suffer from lingering illnesses long after the corona virus infection has passed, the pandemic’s economic fallout might be felt in the region long after the health emergency is controlled.

• Vietnam: Successfully Navigating the Pandemic

  March 10, 2021

  

  Despite the challenges of the COVID-19 pandemic, Vietnam’s economy has remained resilient, expanding by 2.9 percent in 2020—one of the highest growth rates in the world—and growth is projected to be 6.5 percent in 2021, thanks to strong economic fundamentals, decisive containment measures and well-targeted government support, according to the IMF’s latest annual assessment of the country’s economy.

• Indonesia Has an Opportunity to Boost Growth

  March 3, 2021

  

  After several years of strong growth, Indonesia’s GDP fell 2.1 percent in 2020. While large, this downturn was smaller than other countries in the Asia Pacific region, reflecting less stringent containment measures and lower dependence on highly impacted sectors like tourism.

• Costa Rica’s President: “No Growth and Poverty Reduction Without Economic Stability”

  March 1, 2021

  

  The International Monetary Fund approved a $1.7 billion arrangement to support Costa Rica’s recovery and stabilization from the economic damage caused by the COVID-19 pandemic. The country’s president explains how innovation and climate change mitigation are part of the new economic program.

• Tourism in a Post-Pandemic World

  February 26, 2021

  

  Tourism continues to be one of the sectors hit hardest by the COVID-19 pandemic, particularly for countries in the Asia-Pacific region and Western Hemisphere. Governments in these regions, and elsewhere, have taken measures to ease the economic shock to households and businesses, but longer-term the industry will need to adapt to a post-pandemic “new normal.” 

• Five Questions About Nigeria’s Road to Recovery

  February 8, 2021

  

  The COVID-19 pandemic has placed Nigeria at a critical juncture. The country entered the crisis with falling per capita income, high inflation, and governance challenges.

• Precautionary Credit Line Provides Panama with Crisis Insurance

  January 20, 2021

  

  IMF mission chief for Panama, Alejandro Santos, speaks about the country’s outlook and using the 2-year Precautionary Liquidity Line of $2.7 billion as an insurance policy against shocks.

• Five Charts on France’s Policy Priorities to Navigate the COVID-19 Crisis

  January 19, 2021

  

  France has been severely affected by the global pandemic, both in terms of health and economic impact. The key priority for the country remains saving lives while minimizing the economic costs of the pandemic.

• Germany’s Post-COVID-19 Recovery in Five Charts

  January 19, 2021

  

  According to the IMF’s latest economic assessment of Germany, priority should be placed on setting the economy on a sustained recovery path by minimizing labor market scarring, protecting vulnerable people, and ensuring that viable firms remain in business.

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