What's New Archive

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IMF Staff Completes 2023 Article IV Mission to Malaysia

March 20, 2023
An International Monetary Fund (IMF) team, led by Mr. Lamin Leigh, conducted discussions for the 2023 Article IV Consultation with Malaysian authorities and other stakeholders during March 8-20, 2023. At the conclusion of the discussions, Mr. Leigh issued the following statement: “The Malaysian economy registered a strong recovery in 2022. Growth reached 8.7 percent driven by pent-up domestic demand following the reopening of the economy in April 2022 and resilient export performance. Staff estimates the output gap to have closed in 2022. The recovery remains uneven with agriculture, mining, and particularly construction sectors remaining below pre-pandemic levels. With record spending on subsidies, headline inflation did not surge in tandem with global food and commodity prices but was still on the rise for most of 2022, reaching 3.3 percent for the year. Inflation expectations remained well anchored.  

Sri Lanka: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

March 20, 2023
Country Report No. 2023/116  

IMF Executive Board Concludes 2023 Article IV Consultation with Samoa

March 20, 2023
On March 8 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Samoa  

Cameroon: Third Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waivers for Performance Criteria Applicability, Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

March 20, 2023
Country Report No. 2023/114  

Uruguay: Staff Concluding Statement of the 2023 Article IV Mission

March 20, 2023
Uruguay showed strong resilience during the Covid-19 pandemic, owing to its high institutional quality, strong governance, and the authorities’ policy responses. Thanks to its robust institutions and adequate social safety net, Uruguay was able to provide a highly effective response to the health emergency triggered by the Covid-19 pandemic. After two severe infection waves in 2021, containment measures were relaxed in 2022, supported by successful vaccination campaigns, including for boosters. Scarring effects in real activity and the labor market were mitigated by the authorities’ well-designed policies, which provided the necessary support to affected household and corporate sectors transparently through the Covid-19 Solidarity Fund. Labor market informality declined during the pandemic and has remained at a lower level.  

Development in the Age of Austerity 

March 20, 2023
As we gather here, the region is facing a brutal financing squeeze. To be sure, this is not unique to African countries. But this region is the one that can least afford the implications of this squeeze, given Africa’s much-higher level of poverty and remaining development gaps.  

IMF Staff Completes Staff-Level Agreement on the Fifth Review of the Extended Credit Facility Arrangement for Somalia

March 20, 2023
An International Monetary Fund (IMF) team, led by Laura Jaramillo, conducted discussions with the Somali authorities in Nairobi on March 7-14, 2023 and reached a staff-level agreement on the fifth review under the Extended Credit Facility (ECF) arrangement. This agreement is subject to approval of the IMF’s Executive Board.  

IMF Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka

March 20, 2023
IMF Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka  

IMF Staff Reach Staff-Level Agreement on First Review of the Extended Credit Facility Arrangement with Guinea Bissau

March 20, 2023
IMF staff and the Guinea Bissau authorities have reached a staff-level agreement on economic and financial policies that could support the approval of the first review of the Extended Credit Facility supported program. The agreement is subject to approval by the IMF Executive Board. Upon completion of the review, Guinea Bissau will have access to about SDR 2.37 million (about US$ 3.16 million).  

Statement by the Managing Director on the Independent Evaluation Office Report on The IMF’s Emergency Response to the COVID-19 Pandemic: Executive Board Meeting March 13, 2023

March 20, 2023
Policy Paper No. 2023/008  

The Chair’s Summing Up Independent Evaluation Office—The IMF’s Emergency Response to the COVID-19 Pandemic

March 20, 2023
Policy Paper No. 2023/009  

BOTSWANA: Domestic Bond Market Development

March 17, 2023
High Level Summary Technical Assistance Report No. 2023/002  

Peering Through the Fog of Uncertainty: Out-of-Sample Forecasts of Post-Pandemic Tourism

March 17, 2023
Working Paper No. 2023/070  

Central Bank Digital Currency and Financial Inclusion

March 17, 2023
Working Paper No. 2023/069  

Macroeconomic Shocks and Conflict

March 17, 2023
Working Paper No. 2023/068  

Changes to the Fund’s Financing Assurances Policy in the Context Of Fund Upper Credit Tranche (UCT) Financing Under Exceptionally High Uncertainty

March 17, 2023
Policy Paper No. 2023/007  

IMF Executive Board Concludes Changes to the Fund’s Financing Assurances Policy in the Context of Fund Upper Credit Tranche Financing Under Exceptionally High Uncertainty

March 17, 2023
IMF Executive Board Concludes Changes to the Fund’s Financing Assurances Policy in the Context of Fund Upper Credit Tranche Financing Under Exceptionally High Uncertainty  

Capital Controls in Times of Crisis – Do They Work?

March 17, 2023
Working Paper No. 2023/067  

Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design

March 17, 2023
Working Paper No. 2023/063  

Determinants and Social Dividends of Digital Adoption

March 17, 2023
Working Paper No. 2023/065  

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