What's New Archive
Peru: Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Peru
May 19, 2023
Country Report No. 2023/169
IMF and Madagascar Reach Staff-Level Agreement on the Fourth Review of the Extended Credit Facility Arrangement
May 19, 2023
: A team from the International Monetary Fund (IMF) led by Frederic Lambert held discussions in Antananarivo during May 3 – 12, 2023 on the fourth review of the arrangement with Madagascar supported by the Extended Credit Facility (ECF) approved in March 2021.
IMF Reaches Staff-Level Agreement with Cameroon on the Fourth Reviews of the Extended Credit Facility and the Extended Fund Facility
May 19, 2023
“The mission has reached staff-level agreement with the Cameroonian authorities on the economic and financial policies that could support the approval of the fourth reviews of the program under the ECF and EFF arrangements. Completion of the fourth reviews by the IMF Executive Board, scheduled in late June 2023, would enable the disbursement of SDR 55.2 million (about US$73.8 million).
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A New Growth Engine for Japan: Women in STEM Fields; Japan
May 18, 2023
Selected Issues Paper No. 2023/030
Structural Barriers to Wage Income Growth in Japan: Japan
May 18, 2023
Selected Issues Paper No. 2023/031
The Financial Impact of Carbon Taxation on Corporates: Japan
May 18, 2023
Selected Issues Paper No. 2023/034
Options to Strengthen the Social Safety Net in Japan: Japan
May 18, 2023
Selected Issues Paper No. 2023/033
JGB Yield Curve and Macro-Financial Stability: ow Would a Steeper JGB Yield Curve Affect Bank Profitability? Japan
May 18, 2023
Selected Issues Paper No. 2023/032
Drivers of Corporate Cash Holdings in Japan: Japan
May 18, 2023
Selected Issues Paper No. 2023/029
Transcript of Press Briefing on Ghana
May 18, 2023
Transcript of Press Briefing on Ghana
Albania: Technical Assistance Report—Investment Funds and Interconnectedness Risks
May 18, 2023
Country Report No. 2023/167
IMF Staff Concludes Staff Visit with Qatar
May 18, 2023
An International Monetary Fund (IMF) team, led by Ms. Ran Bi, visited Doha during May 2–11, 2023, to gather facts on recent economic and financial sector developments, and the authorities’ policy actions and plans.
IMF Executive Board Completes Review of Peru’s Performance Under the Flexible Credit Line Arrangement
May 18, 2023
The two-year arrangement was approved on May 27, 2022 for an amount of SDR 4.0035 billion (about US$5.3 billion or 300 percent of quota). The Peruvian authorities have reiterated their intention to continue to treat the arrangement as precautionary. The authorities intend to exit the arrangement conditional on the reduction of external risks, in line with their strategy that sees the use of the facility as temporary.
Suriname and the IMF Reach Staff-Level Agreement on the Second Review of the Extended Arrangement Under the Extended Fund Facility
May 18, 2023
An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted virtual and in-person mission with the Surinamese authorities during May 8-16 to discuss policies to complete the second review of Suriname’s economic recovery program supported by the IMF’s Extended Fund Facility.
Ghana: Request for an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Ghana
May 17, 2023
Country Report No. 2023/168
IMF Executive Board Completes the Second Review under the Extended Fund Facility and the Extended Credit Facility Arrangements for Benin and Approves US$68 million Disbursement
May 17, 2023
On May 17, 2023, the Executive Board of the International Monetary Fund completed the Second Review of Benin’s Fund-supported program. The 42-month blended EFF/ECF, approved on July 8, 2022 (see PR 22/252 ), seeks to help Benin address pressing financing needs, support the country’s National Development Plan centered on achieving the Sustainable Development Goals (SDGs), and catalyze donor support. This review completion allows for the immediate disbursement of SDR 50.82 million (about US$68 million) toward budget support, bringing total disbursements under the program so far to SDR 267.42 million (about US$360 million).
IMF Executive Board Concludes 2023 Article IV Consultation with Uruguay
May 17, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Uruguay on May 15, 2023. After reaching pre-pandemic levels in mid-2021, real GDP grew by 4.9 percent in 2022 mainly driven by strong commodity exports and the service sector, including tourism. However, the economy decelerated in the second half of the year due to adverse external conditions and the effects of the most severe drought in forty years. Inflation remained above the target range in 2022 but, after peaking in September 2022 at 9.95 percent, it started to decline towards the end of the year, reaching 7.3 percent in March 2023.
IMF Executive Board Approves US$3 Billion Extended Credit Facility Arrangement for Ghana
May 17, 2023
Large external shocks in recent years have exacerbated Ghana’s pre-existing fiscal and debt vulnerabilities, resulting in a loss of international market access, increasingly constrained domestic financing, and reliance on monetary financing of the government. Decreasing international reserves, Cedi depreciation, rising inflation and plummeting domestic investor confidence, eventually triggered an acute crisis. The authorities have taken bold steps to tackle these deep challenges, including by accelerating fiscal adjustment. The government has also launched a comprehensive debt restructuring to address severe financing constraints and the unsustainable public debt. Securing timely debt restructuring agreements with external creditors will be essential for the successful implementation of the new ECF arrangement.