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WEO Update July 2023 Press Briefing Transcript

July 25, 2023
Press briefing on the World Economic Outlook (WEO) Update by Pierre-Olivier Gourinchas, Economic Counselor and Director of the Research Department - July 25, 2023 at 9:00 a.m. Washington, DC time  

Burundi: Request for a 38-Month Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burundi

July 25, 2023
Country Report No. 2023/270  

World Economic Outlook Update, July 2023: Near-Term Resilience, Persistent Challenges 

July 25, 2023

Borrower-Based Macroprudential Instruments in Germany

July 24, 2023
Selected Issues Paper No. 2023/060  

Impact of High Energy Prices on Germany’s Potential Output

July 24, 2023
Selected Issues Paper No. 2023/059  

World Economic Outlook Update July 2023

July 24, 2023

Republic of Congo: Republic of Congo: Third Review under the Three-year Arrangement under the Extended Credit Facility, Requests for Modification and Waivers of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Congo

July 24, 2023
Country Report No. 2023/271  

Statement by the Managing Director on the FY 2024 Work Program of the Executive Board Executive Board Meeting May 30, 2023

July 21, 2023
Policy Paper No. 2023/033  

The Political Economy of GovTech

July 21, 2023
IMF Notes No 2023/003  

Household Savings in Selected Southern European Countries Evidence from Cross-Country Micro-Level Data

July 21, 2023
Working Paper No. 2023/150  

Evolution of National Accounts Statistics Compilation Practices Over the Period 2018 to 2021 in 189 Economies

July 21, 2023
Working Paper No. 2023/148  

Shared Problem, Shared Solution: Benefits from Fiscal-Monetary Interactions in the Euro Area

July 21, 2023
Working Paper No. 2023/149  

Tuvalu: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Tuvalu

July 21, 2023
Country Report No. 2023/267  

IMF Executive Board Concludes 2023 Article IV Consultation with Tuvalu

July 21, 2023
A successful vaccination strategy allowed Tuvalu to lift COVID containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real GDP growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Activity has not fully recovered to its pre-pandemic level, with growth in 2021 at 1.8 percent and estimated at 0.7 percent for 2022. Headline inflation rose to 11.5 percent in 2022 in the context of higher global inflationary pressures, an increase in transportation costs around the world, and the increase in global food prices in the wake of Russia’s invasion of Ukraine. Fiscal savings from the pandemic-related reduction in public investment were partly offset by elevated spending on non-capital items.  

IMF Staff Concludes Virtual Visit to Georgia

July 21, 2023
An International Monetary Fund (IMF) team led by Mr. James John held virtual meetings with the Georgian authorities during July 13-21, 2023 to discuss recent economic and financial developments and progress on reform priorities.  

Jookyung Ree on the eNaira, One Year After

July 20, 2023
Nigeria’s eNaira, One Year After  

Kingdom of Lesotho: Selected Issues

July 20, 2023
Country Report No. 2023/269  

Kingdom of Lesotho: 2023 Article IV Consultation-Press Release; and Staff Report

July 20, 2023
Country Report No. 2023/268  

IMF Executive Board Concludes 2023 Article IV Consultation with Kingdom of Lesotho

July 20, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Kingdom of Lesotho. Lesotho’s economy continues to face a number of challenges in the wake of the pandemic. Climate shocks, delays to infrastructure projects, high food and fuel prices, declining diamond prices, layoffs in the textiles sector, and weak regional and external demand are weighing on activity. High public expenditure also continues to distort incentives and hinder private sector development.  

IMF Executive Board Completes the Third Review of the Extended Credit Facility Arrangement for the Republic of Congo and Approves US$43 Million Disbursement

July 19, 2023
The Executive Board of the International Monetary Fund (IMF) completed today the third review of the Republic of Congo’s economic program under the SDR 324 million Extended Credit Facility (ECF), which was approved on January 21, 2022. The completion of the review allows for the immediate disbursement of SDR 32.4 million (about US$ [43] million), bringing total disbursements under the ECF to SDR 226.8 million. This financing from the IMF will continue to help the authorities implement their development policies, maintain macroeconomic stability and strengthen economic recovery amid high food inflation, lower oil prices and tightening financial conditions.  

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