What's New Archive
Page: 15 of 2018
10111213141516171819
April 11, 2023
Financial stability never comes easy, but the past few months have been especially challenging with persistently high inflation and two bank failures in the United States that exposed vulnerabilities lurking beneath the surface.
April 11, 2023
April 10, 2023
The National Summary Data Page will serve as a one-stop publication for disseminating the data recommended under the e-GDDS, covering national accounts and prices, government operations and debt, the monetary and financial sector, and the external sector. The National Summary Data Page will facilitate access for data users in Burundi and abroad, including policymakers, financial sector, private investors, think tanks, and the media. More broadly, aligning data with the e-GDDS will make it accessible in a standardized way to facilitate analysis of economic trends across countries, and to allow early detection of risks that could help avert economic crises. This supports sustainable economic growth and development.
April 10, 2023
IMF Managing Director Kristalina Georgieva’s Opening Remarks IFF/BWC/Paulson Institute Panel on “Scaling Up Resilience and Sustainability Financing, ” April 10, 2023
April 10, 2023
IMF Reaches Staff-Level Agreement on a 40-Month Extended Credit Facility with Burundi
April 7 , 2023
PRGT finances were found to be under strain owing to substantially stronger demand for PRGT loans and sharply higher interest rates than previously envisaged; since the pandemic, the IMF has supported more than 50 low-income countries with over SDR 17 billion (about $24 billion) in interest-free loans. The PRGT faces a shortfall of SDR 1.2 billion (about $1.6 billion) in pledges for subsidy resources and SDR 3.5 billion (about $4.7 billion) for loan resources to complete the first stage of the 2021 funding strategy. In these circumstances, a multi-pronged strategy is proposed to make the PRGT whole through a concerted push to mobilize broad-based contributions to address gaps in subsidy and loan resources in the near-term, coupled with further steps during the 2024/25 comprehensive PRGT review to put the PRGT on a sustainable footing to deliver sufficient support to LICs in the long-term.
April 7 , 2023
An International Monetary Fund (IMF) mission led by Mr. Alvaro Piris visited Addis Ababa from March 27 to April 7, 2023, to hold discussions on the authorities’ request for IMF support for their reform program.
April 6 , 2023
Financial stability is not only about managing inflation, employment rates and spending, it’s about understanding how those factors affect people in different places and in all kinds of circumstances.
April 6 , 2023
Managing Director's Curtain Raiser speech ahead of the 2023 World Bank Group - IMF Spring Meetings
April 6 , 2023
• Zambia will have access to about US$188 million in financing once the review is approved by IMF Management and formally completed by the IMF Executive Board. To remove any hurdles to the timely completion of the review, Zambia needs official creditors to move forward and reach agreement on a debt treatment in line with the financing assurances they provided in July 2022.
April 5 , 2023
The IMF-supported program would aim to preserve fiscal and debt sustainability and advance the authorities’ reform agenda for deeper economic transformation under the 2021-25 National Development Plan. The authorities have taken measures to strengthen macroeconomic stability and reverse widening fiscal and external imbalances as the economic has been hit hard by the triple shock of the Covid-19 pandemic, global financial tightening, and adverse spillovers from Russia’s war in Ukraine
April 5 , 2023
A new IMF program will support the authorities to stabilize the economy and help speed Ukraine’s recovery and reconstruction.
April 5 , 2023
Country Report No. 2023/135
April 5 , 2023
Country Report No. 2023/134
April 5 , 2023
Country Report No. 2023/137
April 5 , 2023
Country Report No. 2023/136
April 5 , 2023
The fiscal consolidation path remains on track. Quantitative targets and reform targets were broadly met. The mission held cordial and constructive discussions with the authorities about the economic outlook and the reform agenda going forward.
April 5 , 2023
“The Beninese economy is gaining strength. The authorities’ balanced policy response to external shocks, supported by frontloaded financing under the EEF/ECF, has boosted business confidence. Economic activity is estimated to have expanded by 6.3 percent in 2022, buoyed by construction and good harvest. While the outlook is favorable, supported by the expansion of the special economic zone and the modernization of the Port of Cotonou, geoeconomic fragmentation poses an important risk, with the protracted war in Ukraine and the challenging regional security situation straining external accounts and threatening food security.
April 5 , 2023
The Serbian economy has shown resilience in the face of strong headwinds. Over the past year or so, sharply higher food and energy prices, shortfalls in domestic electricity production, regional drought conditions, weak trading partner growth and tightening global financial conditions have posed major challenges to the Serbian economy. Real GDP growth was 2.3 percent in 2022 and, for this year, growth is projected to be around 2 percent as tight macroeconomic policies and weak trading partner growth weigh on activity. But the 2022 fiscal outcome was stronger than expected, as were the current account balance and reserve outcomes. And, reflecting ongoing reforms, growth is expected to recover to 3 percent in 2024, and to return to potential of about 4 percent over the medium term.
April 4 , 2023
Page: 15 of 201810111213141516171819
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
