What's New Archive
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March 17, 2023
Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement in Yaoundé at the conclusion of his meetings with the Cameroon and with the Central African Economic and Monetary Community (CEMAC) authorities on March 15-16, 2023
March 16, 2023
Against the background of an uncertain global environment, how can we tackle these policy challenges to create a more thriving and resilient CEMAC.
March 16, 2023
Economic activity is recovering. Real GDP is estimated to have expanded by 2.5 percent in 2022, supported by the non-energy sector which was partially offset by an unexpected weak performance of the energy sector. Inflation increased, reaching 8.7 percent by end-2022, driven by imported energy and food prices, partial liberalization of domestic fuel prices in 2022, and domestic floodings. Banks’ credit to the private sector is recovering and the banking sector appears well-capitalized, liquid, and profitable. The current account surplus expanded, and foreign reserves coverage remained adequate at 7.6 months of prospective total imports.
March 16, 2023
Country Report No. 2023/112
March 16, 2023
Country Report No. 2023/111
March 16, 2023
Country Report No. 2023/113
March 16, 2023
Following the pandemic, Sweden’s economy experienced a strong recovery, which continued well into 2022. GDP growth is projected at around 3 percent in 2022. The labor market improved, while general labor shortages persisted. A higher budget surplus is expected for 2022. Inflationary pressures intensified in 2022 despite several monetary policy actions. Strong borrowing by households and real estate firms fueled price and value growth, with both house prices and total household debt in relation to income peaking in end-2021. House prices started to decline in the second half of 2022. Commercial real estate (CRE) companies took on more debt, with the sector becoming highly concentrated.
March 15, 2023
Country Report No. 2023/110
March 15, 2023
Mr. Vahram Stepanyan, the International Monetary Fund (IMF) Resident Representative to Ukraine, made the following statement today: “An International Monetary Fund (IMF) mission, led by Mr. Gavin Gray, held policy discussions with the Ukrainian authorities in Warsaw, Poland, during March 8-15 on their request for a Fund-supported program.
March 15, 2023
An International Monetary Fund (IMF) mission, led by Mr. Olaf Unteroberdoerster, visited Abidjan during March 1-14 to discuss potential IMF financial support for the authorities’ program of economic policies and reforms
March 15, 2023
Policy Paper No. 2023/006
March 15, 2023
The pilot reviews documented transparency practices across all key aspects of central banking and highlighted the areas for improvement. The CBT reviews’ recommendations received strong traction from the participating central banks. A survey of the participating central banks, conducted following each CBT review, confirmed that all CBT pilots were viewed as very beneficial, confirming staff’s view of the efficacy and success of the CBT. The pilot CBT reviews helped to facilitate work in other IMF workstreams, notably the Financial Sector Assessment Program (FSAP), Article IV consultations, and Technical Assistance.
March 14, 2023
The approach of the IMF’s Monetary and Capital Markets Department toward capacity development continues to evolve to meet members’ needs by adapting and broadening our work to emerging risks, employing or combining different delivery modalities and enhancing collaboration with other stakeholders, such as the BIS.
March 14, 2023
March 14, 2023
With the successful launch of a new data portal, Zimbabwe has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The e-GDDS is the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good and encourage countries to voluntarily publish timely data that is essential for monitoring and analyzing economic performance.
March 14, 2023
“The Senegalese economy in 2022 experienced a sharper-than-anticipated slowdown, with real GDP growth now estimated at about 4 percent against 4.7 percent expected, reflecting a disappointing harvest season and a contraction in industrial production. Average inflation reached a multi-decade high of 9.7 percent, largely on account of food inflation.
March 14, 2023
IMF Staff Concludes Working Visit to the Central African Republic
March 14, 2023
“The Senegalese economy in 2022 experienced a sharper-than-anticipated slowdown, with real GDP growth now estimated at about 4 percent against 4.7 percent expected, reflecting a disappointing harvest season and a contraction in industrial production. Average inflation reached a multi-decade high of 9.7 percent, largely on account of food inflation.
March 14, 2023
Guatemala should continue to build on the achievements made in economic policy. The Guatemalan economy continued to show resilience in 2022, with growth exceeding its potential. Macroeconomic and financial stability was preserved despite an unfavorable global context—trading partners’ growth slowing down, prices surging, and global monetary conditions tightening. Large remittance inflows and vibrant bank credit to the private sector have played an important role in sustaining solid private consumption. Also, large levels of international reserves persist. Stability was also the result of prudent monetary and fiscal policies.
March 14, 2023
An International Monetary Fund (IMF) mission, led by Mr. Ruben Atoyan, conducted discussions during March 1–14, 2023 for the third review of Moldova’s program under the IMF’s Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements.
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