What's New Archive

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Identifying Optimal Indicators and Lag Terms for Nowcasting Models

March 3 , 2023
Working Paper No. 2023/045  

Inflation Dynamics in the Western Balkans

March 3 , 2023
Working Paper No. 2023/049  

Unbearable Costs: When Is Inflation Impeding Job Creation? Evidence from Sub-Saharan Africa

March 3 , 2023
Working Paper No. 2023/046  

Trust Bridges and Money Flows: A Digital Marketplace to Improve Cross-Border Payments

March 3 , 2023
Fintech Notes No 2023/001  

IMF Staff Concludes Visit to San Marino

March 3 , 2023
San Marino showed remarkable resilience last year. However, with increased uncertainty and a weakening global environment, economic activity is expected to decelerate this year. While fiscal policy performed well in 2022, reform efforts should continue. Tax policy reforms will be critical to put debt in a clear declining path that ensures fiscal sustainability. Efforts to improve the capitalization and profitability of banks continue and are bearing some fruits. However, given remaining vulnerabilities, plans to reduce nonperforming assets should not be delayed further.  

Fiscal Federalism in Belgium: Challenges in Restoring Fiscal Sustainability Belgium: Belgium

March 2 , 2023
Selected Issues Paper No. 2023/016  

Wage Indexation and International Competitiveness in Belgium: An Uneasy Coexistence: Belgium

March 2 , 2023
Selected Issues Paper No. 2023/015  

Fiscal Policy Options to Accelerate Emissions Reductions in Belgium Belgium: Belgium

March 2 , 2023
Selected Issues Paper No. 2023/017  

IMF Committee on Balance of Payments Statistics : Annual Report 2022

March 2 , 2023
Balance of Payments Statistics No 2022/001  

IMF Staff Concludes Visit to São Tomé and Príncipe

March 2 , 2023
“São Tomé and Principe’s economic conditions are challenging. Long-standing socio-economic vulnerabilities were further compounded by the COVID-19 pandemic, persistent energy shortages, the floods at end-2021 and early-2022, and a sharp increase in global food and fuel prices. As a result, 2022 growth slowed to an estimated 0.9 percent, down from an average of about 4 percent in the previous few years. Inflation reached 25.6 percent year-on-year in January 2023. International reserves fell substantially.  

IMF Executive Board Approves US$968 Million under the Precautionary and Liquidity Line and US$764 Million under the Resilience and Sustainability Facility for Jamaica

March 2 , 2023
The Executive Board of the International Monetary Fund (IMF) approved a 24-month arrangement under the Precautionary and liquidity Line (PLL) with access of US$968 million (190 percent of quota), to provide insurance against risks from higher commodity prices, a global slowdown, tighter-than-envisaged global financial conditions, and new COVID outbreaks. The Executive Board also approved an arrangement under the Resilience and Sustainability Facility (RSF) for US$764 million (150 percent of quota) to strengthen physical and fiscal resilience to climate change, advance decarbonization of the economy, and manage transition risks. The RSF is expected to catalyze funding for climate priorities from other official lenders and the private sector.  

IMF Executive Board Completes the Third Review Under the Extended Credit Facility, Approves $32.6 Million Disbursement, and Concludes the 2022 Article IV Consultation with the Republic of Madagascar

March 2 , 2023
Since the last Article IV consultation in 2019, the Malagasy authorities have implemented several key policy recommendations, but ambitious reforms remain hampered by limited capacity and weak governance. In a context of lower global growth and high international prices, Madagascar’s growth is projected to stall at 4.2 percent in 2023 while annual average inflation would accelerate above 10 percent. Risks from the domestic political situation, low COVID-vaccination rates and adverse global developments cloud the outlook. On the upside, the implementation of the full reform agenda envisaged in the Plan Emergence Madagascar would have significant effects on productivity and growth.  

Belgium: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belgium

March 2 , 2023
Country Report No. 2023/098  

Belgium: Selected Issues

March 2 , 2023
Country Report No. 2023/099  

IMF Executive Board Concludes 2022 Article IV Consultation with Belgium

March 2 , 2023
Growth is expected to slow from 3.0 percent in 2022 to 0.2 percent in 2023, before returning to potential of 1.2 percent over the medium term. Inflation should decelerate from 10.3 percent in 2022 to 5.5 percent in 2023, as energy prices ease. Indexation has opened a wage gap with key trading partners, posing challenges for competitiveness. With aging and social-benefit pressures and in the absence of adjustment measures, the structural fiscal deficit is expected to remain elevated over the medium term at 5½ percent of GDP and high public debt will also rise to about 120 percent of GDP in 2028, increasing vulnerabilities. Risks are tilted to the downside, related to escalation of the war in Ukraine and a sharper-than-expected tightening of financial conditions. Lower energy prices would reduce fiscal pressures, and with progress on structural reforms before elections in 2024, boost confidence.  

IMF Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan

March 1 , 2023
IMF Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan  

Johannes Wiegand on Bimetallism and Monetary Stability

March 1 , 2023
While the currency values of today’s economic powerhouses help maintain global financial stability, the currency systems in the 19th century were tied to precious metals and France played the stabilizing role.  

Recovery From The Pandemic In Developing Asia: Achieving Inclusive And Sustainable Growth With Sound Fiscal Management

February 28, 2023

Structural Transitions to Electric Vehicle Production: Czech Republic

February 28, 2023
Selected Issues Paper No. 2023/013  

Labor Market Implications for Green Investments and Carbon Pricing in Spain: Spain

February 28, 2023
Selected Issues Paper No. 2023/011  

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