What's New Archive
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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.
November 17, 2023
Country Report No. 2023/370
November 17, 2023
In her address on "Fiscal Policy in an Era of High Debt," Gita Gopinath highlighted the escalating global public debt, reaching 92 percent of GDP by 2022, and its implications, especially for emerging economies. She stressed the urgent need for renewed focus on fiscal policy, emphasizing four key priorities: reassessing spending priorities, understanding monetary-fiscal interactions, evaluating debt vulnerabilities, and adopting measures to reduce debt ratios. Gopinath concluded by underlining the importance of research in shaping fiscal policy to address evolving challenges.
November 17, 2023
Cameroon IMF Extended Credit Facility Extended Fund Facility Article IV
November 16, 2023
Country Report No. 2023/369
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.
November 16, 2023
Country Report No. 2023/367
November 16, 2023
Country Report No. 2023/368
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.
November 16, 2023
November 16, 2023
Conflict and external shocks are amplifying obstacles to economic development.
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.
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.
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).
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
November 15, 2023
Managing Director Kristalina Georgieva opens the 11th IMF Statistical Forum on Measuring Money in the Digital Age
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).
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).
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.
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.
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