What's New Archive

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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  

Measurement and Use of Cash by Half the World’s Population

March 17, 2023
Working Paper No. 2023/062  

Derivative Margin Calls: A New Driver of MMF Flows

March 17, 2023
Working Paper No. 2023/061  

Public-Private Wage Differentials and Interactions Across Countries and Time

March 17, 2023
Working Paper No. 2023/064  

Monetary Policy Implications of Central Bank Digital Currencies: Perspectives on Jurisdictions with Conventional and Islamic Banking Systems

March 17, 2023
Working Paper No. 2023/060  

Libya: Staff Concluding Statement of the 2023 Article IV Mission

March 17, 2023
We welcome the opportunity to reengage with Libya via an Article IV consultation after a decade-long hiatus. The fragmentation of the country that followed the fall of the Ghaddafi regime in 2011 effectively suspended the production of key economic indicators and complicated policymaking, resulting in difficulties in conducting Article IV consultations. The authorities have recently made commendable progress towards improving data collection, sharing and transparency. Together with the flexibility afforded by the IMF’s new Fragile and Conflict-Affected States (FCS) strategy, this has paved the way for a resumption of Article IV consultations.  

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