What's New Archive
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September 5 , 2023
Country Report No. 2023/321
September 5 , 2023
Successful reforms coupled by firmed oil prices supported the Angola’s economic recovery in 2021–22, however, declined oil production has led to significant challenges to the economy. Towards the end of 2022 and the first half of 2023, the oil sector weakened due to the extension of temporary maintenance operations. With declines of both oil prices and production in the first half of 2023, exports and oil revenues declined, resulting in a weakness in the fiscal and external sectors, and a significant depreciation in the nominal exchange rate in June 2023. Following the strong nominal exchange rate depreciation and the partial removal of fuel subsidies, inflation increased in June, to 11.3 percent (from 10.6 percent); for the first time in 15 consecutive months; whereby the BNA (Banco Nacional de Angola) responded by tightening liquidity conditions.
September 5 , 2023
Lithuania weathered a series of unprecedented external shocks, owing to resilient macroeconomic fundamentals and a decisive policy response. Recently, however, high inflation and rising interest rates have affected disposable incomes which, combined with weak external demand, resulted in an economic contraction in the last quarter of 2022 and early 2023. At the same time, the labor market has remained broadly resilient with high wage growth, albeit negative in real terms, and has supported domestic demand for a year until July.
September 5 , 2023
Country Report No. 2023/316
September 4 , 2023
High Level Summary Technical Assistance Report No. 2023/012
September 4 , 2023
Country Report No. 2023/320
September 1 , 2023
In her speech, Gita Gopinath discusses challenges facing emerging markets, such as tougher financial conditions, rising fragmentation, and climate change costs. She suggests boosting domestic resources, enhancing resilience, and implementing sustainable climate strategies. Gopinath emphasizes the IMF's role in supporting emerging markets.
September 1 , 2023
Working Paper No. 2023/179
September 1 , 2023
Working Paper No. 2023/180
September 1 , 2023
Working Paper No. 2023/178
September 1 , 2023
Charting a Course Through Rough Seas: How Emerging Markets Can Navigate Tougher External Conditions - Keynote Address by First Deputy Managing Director Gita Gopinath at the South Africa Reserve Bank Biennial Conference
September 1 , 2023
High Level Summary Technical Assistance Report No. 2023/011
August 31, 2023
Country Report No. 2023/319
August 31, 2023
Country Report No. 2023/317
August 31, 2023
Country Report No. 2023/318
August 31, 2023
Jamaica has continued to make progress in enhancing fiscal, financial, AML/CFT policy frameworks, and data adequacy, and is implementing the ambitious climate policy agenda to support economic growth. These policies are supported by the PLL and RSF arrangements, which were approved on March 1, 2023, in an amount equivalent to SDR 727.51 million (about US$968 million) or 190 percent of quota, and SDR 574.35 million (about US$764 million) or 150 percent of quota, respectively (see Press Release No. 23/57).
August 31, 2023
Following a strong recovery of almost 12 percent growth in 2021, Botswana’s economy grew by 5.8 percent in 2022, significantly above the long-run average of 4 percent. The ongoing recovery from the pandemic primarily reflects elevated mining production. Inflation has declined sharply since August of 2022. After declining in 2022, FX reserves have stabilized and remained at adequate levels at end-2022. The unemployment rate remains elevated at 25 percent.
August 30, 2023
An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted virtual and in-person mission with the Surinamese authorities during August 7-22 to discuss policies to complete the third review of the 36-month Extended Fund Facility approved by the IMF Executive Board on December 22, 2021.
August 30, 2023
Country Report No. 2023/315
August 30, 2023
The economy has grown by 4.2 percent in 2022 and should recover only moderately to 4.5 percent in 2023. Growth has been negatively affected by low cashew exports and adverse external shocks which are weighing on Guinea-Bissau’s socio-economic environment. The surge in food and oil prices adds pressures on annual inflation which is expected to remain high at 7.0 percent. Budget execution is facing pressures. The overall fiscal deficit remained at 5.9 percent of GDP in 2022. Based on provisional data, the public debt increased to 80.3 percent of GDP in 2022, because of higher-than-projected overall fiscal deficit, new government guarantees mainly to the public utility company and the recognition of cross-arrears owed to suppliers with non-performing loans at the undercapitalized bank. Revenue mobilization and expenditure containment remain pivotal to prevent risks to debt sustainability and access to external financing. In discussions with the mission team, the new government resulting from the winning coalition of the June 4, 2023, legislative election expressed its commitment to implementing the program reform agenda.
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