What's New Archive
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June 21, 2024
Gita Gopinath discusses the impacts of Russia’s invasion of Ukraine on Ukraine, neighboring countries, and the global economy at the NBU-NBP Annual Research Conference, highlighting increased fragmentation, higher defense spending, and implications for monetary policy in a more shock-prone environment. She emphasizes the need for central banks to adapt their strategies and the importance of coordinated fiscal, financial, and structural policies to support macroeconomic stability.
June 21, 2024
Country Report No. 2024/178
June 21, 2024
Country Report No. 2024/177
June 21, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia.
June 20, 2024
Growth is expected to slow in 2024 to around 1 percent y/y and to around 1½ percent y/y in 2025. There is significant uncertainty regarding the future of the airline. Although temporary price shocks from the airline liquidation are likely, inflation is expected to decelerate more in 2024 and fall to below 4 percent y/y by Q3. The fiscal deficit is likely to deteriorate given reduced revenues and elevated current spending due to the resolution of the airline, modest transfers, and support.
June 20, 2024
Suriname is implementing an ambitious economic reform agenda aimed at restoring fiscal and debt sustainability through fiscal consolidation and debt restructuring, protecting the vulnerable by expanding social protection, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance agenda. These policies are supported by the EFF arrangement, which was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400).
June 20, 2024
Remarks by Kristalina Georgieva, IMF Managing Director, to the Eurogroup on a Strategy for European Competitiveness, Luxembourg
June 20, 2024
Following the pandemic, Russia’s gas shut-off, and fallout from the war in Ukraine, the euro area economy is gradually recovering, and inflation is declining towards target. Banks have proven resilient to the sharp rise in interest rates. Borrowing rates of sovereigns have remained moderate despite high public debt. Despite these reassuring signs, significant challenges remain. Fiscal buffers have diminished while spending pressures are set to increase further. Population aging and sluggish productivity growth weigh on the medium-term outlook. Intensifying geopolitical tensions, trade disputes, and distortive industrial policy can further complicate economic prospects and the policy making environment for a region highly open to trade. These challenges call for well-calibrated macroeconomic stabilization policies and structural reforms to strengthen the EU architecture and the single market. Such policies can reinforce each other to lift growth, enhance resilience, and address challenges from an increasingly shock-prone and fragmented global economy.
June 20, 2024
Country Report No. 2024/175
June 20, 2024
Country Report No. 2024/176
June 20, 2024
IMF emergency financing has supported Guinea’s efforts to cope with the effects of macroeconomic shocks, underpinned by the authorities’ commitment to transparency in the uses of these funds.
June 20, 2024
Washington, DC – June 20, 2024: On June 13, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bosnia and Herzegovina (BiH) on a lapse-of-time basis. ?
June 20, 2024
Grenada’s economy is experiencing sustained, strong growth supported by buoyant tourism. A surge in citizenship-by-investment (CBI) revenue has resulted in a large budget surplus, an increase in government deposits, and lower public debt. The key fiscal policy priorities are to improve the management of these potentially volatile CBI revenues, contain the growth of recurrent expenditures, and strengthen public financial management. Rising risks in the non-bank financial system call for better data collection, greater supervisory oversight, and regional supervisory cooperation. Reducing Grenada’s dependency on imported fossil fuels, boosting competitiveness, and investing in climate resilience are essential to increase long-term growth.
June 19, 2024
Dakar, Senegal: A staff team from the International Monetary Fund (IMF) led by Mr. Edward Gemayel, conducted a mission in Dakar during June 6-19 to review progress under the authorities’ economic program supported by the IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements of SDR 1,132.6 million (about US$ 1.5 billion), combined with the Resilience and Sustainability Facility (RSF) of SDR 242.70 million (about US$320 million). The EFF/ECF and RSF arrangements were approved by the IMF Executive Board on June 26, 2023.
June 19, 2024
Denmark has demonstrated remarkable resilience in the face of the pandemic and energy crises. Staff expects robust growth to continue in 2024, but there are considerable external risks, including from geopolitical tensions. The financial system remains sound, but systemic risks are elevated due to still-high interest rates and heightened vulnerabilities in commercial real estate (CRE) markets. Demographic challenges and low productivity growth pose risks for long-term growth. Against this background, the policy priorities are as follows.
June 18, 2024
Shanghai, China: The International Monetary Fund (IMF) and the People’s Bank of China (PBoC) today announced the opening of a new IMF regional center in Shanghai, People’s Republic of China.
June 18, 2024
Country Report No. 2024/173
June 18, 2024
Country Report No. 2024/168
June 18, 2024
Policy Paper No. 2024/030
June 18, 2024
Country Report No. 2024/169
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