IMF Country Focus

• Five Takeaways from Democratic Republic of the Congo's IMF Program

  December 23, 2019

  

  The Democratic Republic of the Congo’s fragile economy faces many long-standing challenges and remains highly vulnerable to shocks. To help the DRC strengthen its economy, the IMF has just approved a loan under its Rapid Credit Facility (RCF) combined with a Staff-Monitored Program until May 2020.

• More Fiscal Transparency Would Mean Better Economic Policy in India

  December 23, 2019

  

  Economic development projects and enhanced social initiatives in India will be vital in the coming years. But to generate the revenue needed to get them off the ground, India’s debt—among the highest in emerging markets—must be reduced. Despite some improvement in reported fiscal deficits, debt as a share of GDP remains little changed over the past decade partly due to increases in off-budget financing.

• Six Things to Know about Ethiopia's New Program

  December 23, 2019

  

  The IMF has approved a program for Ethiopia of almost US$3 billion. The program is aimed at supporting the Ethiopian government’s own Homegrown Economic Reform Program, which is designed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth. The authorities want the economy to transition away from being public sector-led to one that is driven by the private sector. 

• Angola: Promoting Sustained, Inclusive Growth and Reducing Oil Dependency

  December 19, 2019

  

  The IMF has approved the second review of its largest program in sub-Saharan Africa. It has given the green light to continued financial support to Angola under the Extended Fund Facility. This will mean about $1.5 billion disbursed, of a planned total of $3.7 billion.

• Equatorial Guinea: Promoting Inclusive Growth, Improving Governance and Transparency

  December 18, 2019

  

  The IMF has agreed a program with Equatorial Guinea worth around $283 million, which will have governance and anti-corruption reforms at its heart. The agreement aims to support the recovery of the economy, which has been contracting for the past six years, and promote sustainable and inclusive growth.

  
  

• Greening Growth in Mongolia

  December 10, 2019

  

  Mongolia’s livestock industry, once the primary engine of the economy, now faces threats from climate change and overgrazing. Without prompt policy action, the national and regional costs will continue to grow, weighing on both economic growth and inequality.

• Jamaica: On the Path to Higher Economic Growth

  November 7, 2019

  

  In an interview with Uma Ramakrishnan, former head of the IMF team for Jamaica, we discuss the history, evolution, and achievements of the country's recently-concluded program. 

• Europe: Facing Spillovers From Trade and Manufacturing

  November 6, 2019

  

  As in the rest of the world, European trade and manufacturing have weakened. There are some signs that this slowdown is spreading into the rest of the economy. While services and consumption have remained relatively resilient in line with strong labor markets, investment is starting to lose steam.

• Building on South Asia's Economic Success

  November 4, 2019

  

  South Asia is poised to play a key role in the global economy, building on the steady economic progress and reform process over the last few decades. Despite the recent global economic slowdown, India remains among the fastest-growing large economies, and South Asia’s contribution to global growth is set to increase.

• Interview with Alejandro Werner on the Latest Economic Developments in Latin America

  October 28, 2019

  

  In a wide-ranging interview with Alejandro Werner, the head of the IMF’s Western Hemisphere Department, we discuss the Regional Economic Outlook report, as well as the latest developments in Argentina and Ecuador. 

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