COVID-19
The IMF is fully committed to supporting our member countries, particularly the most vulnerable; we have the tools to help; and we are coordinating closely with our partner institutions.
The authorities remain committed to the ECF-supported program focused on fiscal consolidation and strengthening fiscal governance, amid challenges posed by insecurity, poverty, extreme weather events, and their interactions. The economic outlook for 2026–28 is positive with real GDP growth projected at close to 5.0 percent and inflation below target; however, the balance of risks is tilted to the downside.
The costs of fragility are high, but judicious economic policies can help foster trust and support economic stability and growth
Capital markets integration, expanding opportunities for workers, and bigger consumer markets will allow companies to grow faster
Building foreign exchange reserves requires sound policies and takes time, but global efforts to lower the cost of holding them can help
There are few elegant, easy, or politically attractive ways to reduce debt
Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns
But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time
