What's New Archive

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Managing Director’s Dialogue with Tomorrow’s Leaders: Future of Inclusive Growth in MENA

October 8 , 2023

IMF Today

October 8 , 2023

Poverty Reduction and Growth Trust—2023 Borrowing Agreements with the Government of Australia, the People’s Bank of China, the Bank of Finland, the Banque De France, De Nederlandsche Bank NV, the Norwegian Ministry of Finance Representing the Kingdom of Norway, Sveriges Riksbank, and the Government of the United Kingdom

October 6 , 2023
Policy Paper No. 2023/041  

Press Briefing: Global Financial Stability Report, October 2023

October 6 , 2023

IMF Staff Concludes Staff Visit to Türkiye

October 6 , 2023
“Despite the tragic earthquakes in February, growth has remained resilient and should reach 4.0 percent this year. With policies turning appropriately less accommodative, growth is projected at 3¼ percent in 2024 while inflation is forecast to fall to 46 percent at end-2024 from 69 percent at end-2023 as exchange rate pressures ease but backward-looking wage increases and expectations remain. As confidence builds, the demand for gold is expected to decline, thus reducing the external current account deficit (3.1 percent of GDP in 2024 versus 4.1 in 2023). This, together with better prospects for inflows including from official sources, should reduce pressure on reserves. Gross reserves reached $122.5 billion at end-September, but net of on- and off-balance sheet short-term liabilities remain negative.  

Brunei Darussalam: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam

October 6 , 2023
Country Report No. 2023/346  

Brunei Darussalam: Selected Issues

October 6 , 2023
Country Report No. 2023/347  

IMF Executive Board Concludes 2023 Article IV Consultation with Brunei Darussalam

October 6 , 2023
Brunei has begun to recover from the pandemic, with COVID-19 restrictions lifted and borders reopened in 2022. However, the recovery has been hindered by reduced Oil and Gas (O&G) sector production, despite rising commodity prices. Real GDP contracted in 2022 due to a decline in O&G production, but this was partly offset by growth in downstream O&G activities and non-O&G sectors. The labor market improved, although gains were primarily in lower-paid jobs. Inflation rose in 2022 to 3.7 percent but has since moderated, with the stable exchange rate helping to mitigate the impact of imported inflation. The fiscal and current account position improved in 2022, 1.6 and 19.6 percent, respectively, driven by higher O&G prices and an expansion of exports from the downstream sector. The banking sector remains stable, liquid, and well capitalized with declining non-performing loans, while domestic lending showed signs of recovery, particularly in the corporate sector.  

Integrating Gender into the IMF’s Work

October 6 , 2023
Gender Notes No. 2023/001  

IMF Staff Completes 2023 Article IV Mission to Equatorial Guinea

October 6 , 2023
An International Monetary Fund (IMF) team, led by Mr. Mesmin Koulet-Vickot, visited Malabo during September 26-October 5 to hold discussions for the 2023 Article IV consultation. At the end of the visit, Mr. Koulet-Vickot issued the following statement:  

IMF Executive Board Completed the Review of the Policy Coordination Instrument and Endorsed the Proposal to Eliminate the Policy Support Instrument

October 6 , 2023
Against the backdrop of a challenging and shock-prone global environment, the Executive Board approved two key refinements to the PCI to make the PCI more fit-for-purpose while maintaining its strong signaling function.  

Digital Solutions Guidelines for Public Financial Management

October 6 , 2023
Technical Notes and Manuals No. 2023/007  

Kristalina Georgieva: Building Bridges to Strong Future Growth

October 6 , 2023

Review of the Flexible Credit Line, The Short Term Liquidity Line and the Precautionary and Liquidity Line, and Proposals for Reform

October 6 , 2023
Policy Paper No. 2023/039  

IMF Executive Board, Concludes Review of the Flexible Credit Line, the Short-Term Liquidity Line, and the Precautionary and Liquidity Line and Approves Proposed Reforms

October 6 , 2023
On October 2, 2023, the Executive Board of the International Monetary Fund (IMF) completed the Review of the Flexible Credit Line (FCL), the Short-Term Liquidity Line (SLL), and the Precautionary and Liquidity Line (PLL). The Board endorsed staff proposals for reforms, with the aim of further strengthening the Global Financial Safety Net (GFSN) and ensuring that the IMF’s precautionary facilities toolkit remain fit for purpose as external risks become more prevalent, protracted and diverse.  

Nepal: Technical Assistance Report—Financial Sector Stability Review

October 6 , 2023
Country Report No. 2023/344  

IMF Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility and Conducts Discussions of the 2023 Article IV Consultation with Ghana

October 6 , 2023
An International Monetary Fund (IMF) staff team, led by Mr. Stéphane Roudet, Mission Chief for Ghana, held meetings in Accra from September 25 to October 6, 2023, to discuss progress on reforms and the authorities’ policy priorities in the context of the first review of Ghana’s three-year program under the Extended Credit Facility. The arrangement was approved by the IMF Executive Board for a total amount of SDR 2.242 billion (US$ 3 billion) on May 17, 2023. The team also conducted the 2023 Article IV consultation.  

4th Joint Bank of England – Banque de France – IMF – OECD – Banca d’Italia Workshop on International Capital Flows and Financial Policies

October 6 , 2023

Nepal: IMF Reaches Staff-level Agreement on 3rd Review Under the Extended Credit Facility

October 5 , 2023
An International Monetary Fund (IMF) team led by Mr. Tidiane Kinda visited Kathmandu during September 21 to October 5 to hold discussions on the policies and reforms that could lead to the completion of the 3rd review of the authorities’ economic program supported by the IMF’s Extended Credit Facility (ECF). At the end of the mission, Mr. Kinda issued the following statement:  

IMF Staff Concludes Visit to Burundi

October 5 , 2023
An International Monetary Fund (IMF) team led by Ms. Mame Astou Diouf, Mission Chief for Burundi visited Bujumbura during September 25-29, 2023 and held follow-up discussions during October 2-4 with the Burundian authorities on recent developments and progress towards the objectives of the new arrangement under the Extended Credit Facility (ECF).  

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