What's New Archive

Page: 16 of 201811121314151617181920

Are We Heading for Another Debt Crisis in Low-Income Countries? Debt Vulnerabilities: Today vs the pre-HIPC Era

April 4 , 2023
Working Paper No. 2023/079  

IMF Staff Reached Staff-Level Agreement on the First Reviews of the Policy Coordination Instrument and Arrangement under Resilience and Sustainability Facility with Rwanda

April 4 , 2023
“The Rwandan authorities and IMF mission team reached staff-level agreement on the economic and financial policies needed to complete the first reviews under the PCI and RSF arrangement. The agreement is subject to approval by the IMF Management and Executive Board. Consideration by the Board is tentatively scheduled for May 2023. Upon completion of the Executive Board review, Rwanda would have access to SDR 55.46 million (equivalent to about US$ 74.6 million) under the RSF.  

Switzerland: Staff Concluding Statement of the 2023 Article IV Mission

April 4 , 2023
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country.  

Argentina: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of Performance Criteria, Waiver for Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Argentina

April 3 , 2023
Country Report No. 2023/133  

IMF Executive Board Approves Two-Year US$5.0 Billion Flexible Credit Line Arrangement for Morocco

April 3 , 2023
Since 2012, Morocco had benefited from four successive Precautionary and Liquidity Line (PLL) arrangements, amounting each to about US$ 3 billion. The first PLL was approved on August 3, 2012, and three additional approved on July 28, 2014, July 22, 2016, and December 17, 2018. The fourth PLL expired on April 7, 2020, when the authorities purchased all available resources under the PLL to limit the social and economic impact of the COVID-19 pandemic and allow Morocco to maintain an adequate level of official reserves to mitigate pressures on the balance of payments.  

Review of the Role of Trade in the Work of the Fund

April 3 , 2023
Policy Paper No. 2023/013  

IMF Executive Board Concludes the Review of the Role of Trade in the Work of the Fund

April 3 , 2023
The paper emphasizes that open, stable, and transparent trade policies remain key for economic growth and resilience, and for addressing key global challenges. It cautions that the deteriorating global trade policy landscape poses risks to the current levels of prosperity, and a weakened multilateral trading system has been ill-equipped to address these challenges.  

Dominica: Staff Concluding Statement of the 2023 Article IV Mission

April 3 , 2023
The Dominican economy is expanding strongly but faces headwinds from global inflationary shocks. Severely affected by the pandemic, real GDP growth is estimated to have reached 6.9 percent in 2021 and 5.7 percent in 2022, driven by construction of climate-resilient infrastructure, a rebound in tourism since the full lifting of COVID-related restrictions in April 2022, and a substantial rise in agricultural output. Global commodity price pressures aggravated by Russia’s war in Ukraine, notably oil and food, in tandem with high shipping costs, pushed inflation up to an estimated 7.5 percent in 2022, despite mitigating price policies – fuel subsidies, custom fees waivers, and VAT cuts for electricity.  

Stacking up the Benefits: Lessons from India’s Digital Journey

March 31, 2023
Working Paper No. 2023/078  

IMF Executive Board Completes Fourth Review of the Extended Arrangement Under the Extended Fund Facility for Argentina

March 31, 2023
The Board’s decision enables an immediate disbursement US$5.4 billion (SDR 4 billion), bringing total disbursements under the arrangement to about US$28.9 billion.  

Ukraine: Request for an Extended Arrangement Under the Extended Fund Facility and Review of Program Monitoring with Board Involvement-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

March 31, 2023
Country Report No. 2023/132  

Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks

March 31, 2023
Working Paper No. 2023/077  

IMF Staff Reaches Staff-Level Agreement on an Extended Credit Facility Arrangement with São Tomé and Príncipe

March 31, 2023
“The São Toméan authorities and the IMF team have reached staff-level agreement to support the authorities’ economic adjustment and reform policies with a new 40-month program supported by an arrangement under the Extended Credit Facility (ECF) in the amount of SDR 14.8 million or about US$20 million. The agreement is subject to approval by IMF Management and Executive Board in the period ahead, contingent on the implementation of prior actions by the authorities.  

IMF Executive Board Approves US$15.6 Billion under a New Extended Fund Facility (EFF) Arrangement for Ukraine as part of a US$115 Billion Overall Support Package

March 31, 2023
Ukraine’s EFF-supported program aims to anchor policies that sustain fiscal, external, price and financial stability and support economic recovery, while enhancing governance and strengthening institutions to promote long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession.  

St. Kitts and Nevis: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for St. Kitts and Nevis

March 31, 2023
Country Report No. 2023/130  

St. Kitts and Nevis: Selected Issues

March 31, 2023
Country Report No. 2023/131  

Review of the Fund’s Policy on Multiple Currency Practices—Extension of the Effective Date

March 31, 2023
Policy Paper No. 2023/012  

IMF Executive Board Concludes 2023 Article IV Consultation with St. Kitts and Nevis

March 31, 2023
St. Kitts and Nevis’ economic growth rebounded strongly in 2022 despite global headwinds. GDP is estimated to have grown by 9 percent in 2022 after contracting 14.5 percent in 2020 and 0.9 percent in 2021. The lifting of all COVID-related travel restrictions in August 2022 sparked a strong rebound in the tourism sector and across the economy.  

Internet Adoption Trends during COVID-19

March 31, 2023
IMF Notes No 2023/001  

Japan: Selected Issues

March 30, 2023
Country Report No. 2023/128  

Page: 16 of 201811121314151617181920