International Monetary Fund

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Opening Remarks by IMF Managing Director Kristalina Georgieva at APEC Leaders’ Meeting in San Francisco, California, United States, November 17, 2023

November 17, 2023
Thank you, President Biden, for inviting me to join the leaders. And let me go straight to where we are in the world economy. First, the good news. The global economy has been surprisingly resilient in 2023. But the recovery from the two consecutive shocks – the pandemic and the war – remains slow and uneven, and divergence in economic fortunes across the world continues to grow.  click for more

Pakistan: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA

November 17, 2023
Country Report No. 2023/370  click for more

Gita Gopinath’s Introductory Remarks for the Conference “Fiscal Policy in an Era of High Debt”

November 17, 2023
Demands on government budgets are increasing—from delivering social support (insurer of first resort), to financing the green transition, to bolstering defense spending, to a renewed push for industrial policies and sectoral subsidies. In today’s environment—where it is politically difficult to cut spending or raise taxes—debt-financed spending may still seem tempting. But that would be a grave mistake, setting debt on an unsustainable trajectory as borrowing costs rise sharply.  click for more

IMF Reaches Staff-Level Agreement with Cameroon on the Fifth Reviews of Extended Credit Facility and Extended Fund Facility and Concludes Article IV Consultation

November 17, 2023
Cameroon IMF Extended Credit Facility Extended Fund Facility Article IV  click for more

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

November 16, 2023
Country Report No. 2023/369  click for more

IMF Executive Board Concludes 2023 Article IV Consultation with Republic of Korea

November 16, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Korea. Like many other advanced economies, Korea has faced challenges from inflation and a growth slowdown. Growth declined from mid-2022, as global demand for electronics waned and domestic demand weakened, but has started to recover in recent quarters. Headline inflation has declined significantly after peaking in mid-2022, though core inflation has remained stickier. Pockets of financial sector vulnerability have emerged amid higher interest rates and declining housing prices. Swift policy measures have helped to stabilize financial and housing markets, and financial risks, while having increased, appear to remain manageable.  click for more

Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA

November 16, 2023
Country Report No. 2023/367  click for more

Mexico: Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release and Staff Report

November 16, 2023
Country Report No. 2023/368  click for more

IMF Executive Board Approves New Two-Year US$35 Billion Flexible Credit Line Arrangement with Mexico

November 16, 2023
The Executive Board of the International Monetary Fund (IMF) approved yesterday a successor two-year arrangement for Mexico under the Flexible Credit Line (FCL) in an amount equivalent to SDR 26.7381 billion (about US$35 billion, equivalent to 300 percent of quota) and noted the cancelation by Mexico of the previous arrangement.  click for more

Women in Economics: Catherine Kling on Nature’s Real Worth

November 16, 2023

The Sahel, Central African Republic Face Complex Challenges to Sustainable Development

November 16, 2023
Conflict and external shocks are amplifying obstacles to economic development.  click for more

IMF Executive Board Completes the First Reviews of Kosovo’s Stand-By and Resilience and Sustainability Facility Arrangements

November 16, 2023
The IMF Executive Board completed on November 15, 2023, the first reviews of Kosovo’s Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) arrangement, making available SDR 20.031 million (about €24.8 million) and SDR 30.976 million (about €38.4 million), of budget support under each facility, respectively.  click for more

IMF Staff Completes 2023 Article IV Mission to The Sultanate of Oman

November 16, 2023
Supported by favorable oil prices and sustained reform momentum, Oman’s economic recovery continues and inflation remains contained. The structural reform agenda under Vision 2040 is progressing, with numerous reforms under the implementation stage to foster Oman's inclusive growth, enhance job creation, and bolster resilience.  click for more

IMF Reaches Staff-Level Agreement on Sixth Reviews of the Extended Fund Facility and Extended Credit Facility Arrangements and the First Review Under the Resilience and Sustainability Facility, and Concludes 2023 Article IV Consultation with Kenya

November 16, 2023
A staff team from the International Monetary Fund (IMF), led by Haimanot Teferra, visited Nairobi during October 30 – November 15, 2023, and held discussions with the Kenyan authorities for the 2023 Article IV Consultation, the sixth reviews of Kenya’s economic program supported by the IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF), and the first Review under the Resilience Sustainability Facility (RSF).  click for more

Japan-IMF Scholarship Program for Asia (JISPA) 30th Anniversary Event

November 15, 2023
Celebration of the 30th Anniversary of the Japan-IMF Scholarship Program for Asia (JISPA), Remarks by IMF Deputy Managing Director Antoinette M. Sayeh  click for more

Opening Remarks of the Managing Director at the 11th IMF Statistical Forum: Measuring Money in the Digital Age

November 15, 2023
Managing Director Kristalina Georgieva opens the 11th IMF Statistical Forum on Measuring Money in the Digital Age  click for more

IMF Executive Board Discussed the Second Review under Malawi’s Staff Monitored Program with Executive Board Involvement and Approved a 48-month Arrangement under the Extended Credit Facility

November 15, 2023
The Executive Board of the International Monetary Fund (IMF) discussed the Second Review of the Staff-Monitored Program with Executive Board Involvement (PMB) and approved a 48-month arrangement under the Extended Credit Facility (ECF) for Malawi with access of 95 percent of quota, equivalent to SDR131.86 million (about [US$178] million). The decision allows an immediate disbursement of SDR26.37 million (about [US$35] million).  click for more

Pakistan: IMF Reaches Staff-Level Agreement on the First Review for the 9-Month Stand-By Arrangement

November 15, 2023
An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad from November 2-15, 2023, to hold discussions on the first review of Pakistan’s economic program supported by an IMF Stand-By Arrangement (SBA).  click for more

IMF and University of Oxford Launch “PortWatch” Platform to Monitor and Simulate Trade Disruptions

November 15, 2023
The IMF in collaboration with University of Oxford researchers launched a new online portal “PortWatch”, a platform to monitor and simulate trade disruptions due to climate extremes and other shocks.  click for more

The Digital Finance Voyage: A Case for Public Sector Involvement

November 15, 2023
FinTech innovation has already been transformative — and will continue to be so — changing the world of finance and making it much more accessible to hundreds of millions of businesses and people who used to be cut off from it.  click for more

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