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This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect supply and environmental costs; and (ii) subsidies implied by charging below efficient fuel prices. Globally, fossil fuel subsidies were $7 trillion in 2022 or 7.1 percent of GDP.
Finance and Development, September 2023
With economic leaders gathering soon in Marrakech, Morocco, for the IMF and World Bank Annual Meetings, this issue of F&D explores how the Arab world can tap growth opportunities and rebuild its economic standing.
Keeping banks safe and sound hinges on good supervision. The bank failures of March 2023 precipitated questions about the effectiveness of supervision. This paper reflects on lessons learned from this banking turmoil and reviews global progress in delivering effective supervision over the past ten years.
Digital divide across countries and within countries continues to persist and even increased when the quality of internet connection is considered. The note shows that many governments have not been able to harness the full potential of digitalization.
Staff Climate Note
The IMF is stepping up support to fragile and conflict-affected states in dealing with climate challenges through carefully tailored policy advice, financing, and capacity development.
World Economic Outlook Update, July 2023
Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Global headline inflation is expected to fall from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024. Underlying (core) inflation is projected to decline more gradually, and forecasts for inflation in 2024 have been revised upward.
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July 2023
Near-Term Resilience, Persistent Challenges
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April 2023
Safeguarding Financial Stability amid High Inflation and Geopolitical Risks
On the Path to Policy Normalization
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Comprehensive background material on economic developments and trends in IMF member countries.
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These reports discuss recent economic developments and prospects for countries in various regions.
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New Release: July 19, 2023
Crisis Upon Crisis
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Safeguard Economic Stability, Support Vulnerable Countries, Sustain Our Future Prosperity
Time for Transformation
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