What's New Archive
Ecuador: Financial System Stability Assessment
September 21, 2023
Country Report No. 2023/335
IMF Executive Board Concludes Financial System Stability Assessment with Ecuador
September 21, 2023
Ecuador’s financial system is dominated by banks and credit cooperatives. While dollarization provides an important anchor for the Ecuadorean economy, systemic liquidity risks are high due to the limited capacity of the central bank to provide liquidity. The financial sector is overall resilient to adverse macrofinancial shocks but some institutions have meaningful solvency and liquidity vulnerabilities. To preserve confidence it is key to enhance capitalization, promptly recognize loan losses, and address unviable institutions.
IMF Staff and the Malawian Authorities Reach Staff-Level Agreement on the Second Review of the Staff Monitored Program with Executive Board Involvement and an Extended Credit Facility Arrangement
September 21, 2023
IMF Staff and the Malawian Authorities Reach Staff-Level Agreement on the Second Review of the Staff Monitored Program with Executive Board Involvement and an Extended Credit Facility Arrangement
24th Jacques Polak Annual Research Conference
Building Tax Capacity in Developing Countries
September 19, 2023
Staff Discussion Notes No. 2023/006
Kingdom of Bahrain: Selected Issues
September 18, 2023
Country Report No. 2023/333
Statement by World Bank President Ajay Banga, IMF Managing Director Kristalina Georgieva, and Morocco’s Minister of Economy and Finance Nadia Fettah Alaoui on the 2023 World Bank-IMF Annual Meetings
September 18, 2023
World Bank President Ajay Banga; International Monetary Fund (IMF) Managing Director Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance Nadia Fettah Alaoui, today issued the following statement.
Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report
September 18, 2023
Country Report No. 2023/331
Kuwait: Selected Issues
September 18, 2023
Country Report No. 2023/332
Financial Shock Transmission to Heterogeneous Firms: The Earnings-Based Borrowing Constraint Channel
September 15, 2023
Working Paper No. 2023/196
Estimation and Determinants of Cost Efficiency: Evidence from Central Bank Operational Expenses
September 15, 2023
Working Paper No. 2023/195
Cryptocarbon: How Much Is the Corrective Tax?
September 15, 2023
Working Paper No. 2023/194
The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates
September 15, 2023
Working Paper No. 2023/193
The Zombie Lending Channel of Monetary Policy
September 15, 2023
Working Paper No. 2023/192
ASEAN-5: Further Harnessing the Benefits of Regional Integration amid Fragmentation Risks
September 15, 2023
Working Paper No. 2023/191
Nauru: Staff Concluding Statement of the 2023 Article IV Mission
September 15, 2023
Nauru’s external position was moderately weaker than the level implied by fundamentals and desirable policies in FY2022. Rising imports, driven by the high transportation costs, led to a current account balance (CAB) of -0.5 percent of GDP in FY2022. The reserve coverage is equivalent to 3.5 months of imports in FY2022, above the reserve adequacy ratio of 2.8 months, but it is expected to decline over the medium term.
Implications of Central Bank Digital Currencies for Monetary Policy Transmission
September 15, 2023
Fintech Notes No 2023/010
Capital Flow Management Measures in the Digital Age (2): Design Choices for Central Bank Digital Currency
September 15, 2023
Fintech Notes No 2023/009
Kiribati: 2023 Article IV Consultation-Press Release; and Staff Report
September 15, 2023
Country Report No. 2023/329
IMF Executive Board Concludes 2023 Article IV Consultation with Kiribati
September 15, 2023
The economy continued to expand after the removal of all COVID 19 restrictions in the second half of 2022. Due to supportive fiscal policies, the economy recovered strongly in 2021, with real GDP growing 7.9 percent from a contraction of 1.4 percent in 2020. However, a domestic outbreak of COVID 19 and the subsequent restrictions imposed during the first half of 2022 limited mobility and further delayed large infrastructure projects.