What's New Archive
Belgium: Technical Assistance Report-Revenue Administration Gap Analysis Program–The Value Added Tax
May 17, 2023
Country Report No. 2023/166
Press Conference on Ghana and the IMF
IMF Staff Reach Staff-Level Agreement with Jordan on the Sixth Review Under the Extended Fund Facility
May 17, 2023
“We are pleased to announce that the IMF team and the Jordanian authorities reached a staff-level agreement on the sixth review of the authorities’ economic reform program supported by the EFF arrangement. The completion of this review will bring the total IMF disbursements since the start of the program in 2020 to SDR 1300 million (around US$1750 million). This agreement is subject to approval by the IMF’s management and the Executive Board.
Tackling High Inflation in Emerging Markets
May 17, 2023
Gita Gopinath addresses how emerging markets (EMs) navigate high inflation amid global tightening. She underscores EMs' resilience due to policy reforms and improved monetary frameworks. Gopinath emphasizes maintaining tight monetary policies to curb inflation, with caution about persistent risks. She suggests fiscal restraint to mitigate financial vulnerabilities, stressing the need for refined policy frameworks in navigating the global economic landscape.
IMF Staff Completes 2023 Article IV Mission to Singapore
May 17, 2023
An International Monetary Fund (IMF) team, led by Mr. Lamin Leigh, conducted discussions for the 2023 Article IV Consultation with Singapore during May 8-May 17, 2023.
Nigeria’s eNaira, One Year After
May 16, 2023
Working Paper No. 2023/104
IMF Staff Completes 2023 Article IV Visit to Brazil
May 16, 2023
We strongly support the authorities’ commitment to improve Brazil’s fiscal position. Enhancing the fiscal framework, broadening the tax base, and tackling spending rigidities would support sustainability and credibility, while providing flexibility, including for new spending priorities.
IMF Staff Concludes Mission to South Sudan for Mid-Term Review of Staff Monitored Program with Board Involvement
May 16, 2023
IMF Staff Concludes Mission to South Sudan for Mid-Term Review of Staff Monitored Program with Board Involvement
Transcript of IMF Press Briefing in Sri Lanka
May 16, 2023
Transcript of IMF Press Briefing in Sri Lanka
Germany: Staff Concluding Statement of the 2023 Article IV Mission
May 16, 2023
Germany has weathered well the fallout from the Russian gas shut off, thanks to a strong policy response and mild winter. Tighter financial conditions and the energy price shock are nonetheless expected to keep economic growth muted in the near term. Headline inflation is falling steadily, but core inflation is proving to be stickier. A top policy priority in the near term is thus to support disinflation with a moderate tightening of the fiscal stance in 2023 as well as supply-side reforms.
The Role of Inflation Expectations in Monetary Policy
May 15, 2023
Inflation expectations are an important factor in monetary policy decisions. And with actual inflation far off target in many countries around the world, there has been an increased focus on inflation expectations and whether they remain anchored. Today I would like to discuss which expectations matter for policymaking, in terms of the various groups—forecasters, markets, households—who form expectations, as well as the different—near- or longer-term—time horizons. More specifically, in the current period, should central banks feel comfortable that inflation will return to target because long-term inflation expectations seem well-anchored? Or should more emphasis be placed on short-term inflation expectations, which have seen considerable increases?
Policymaking in Choppy Waters
IMF Press Briefing on Sri Lanka Opening Remarks
May 15, 2023
I am here in Colombo—my first visit to Sri Lanka—to further strengthen the IMF’s engagement with a broad spectrum of stakeholders in the country. In addition to meeting with the President and top leadership of the country, I have been able to engage with members of the opposition, civil society organizations, trade unions, think tanks, and other stakeholders.
Measuring the Stances of Monetary and Fiscal Policy
May 12, 2023
Working Paper No. 2023/106
The Corruption Cost Tracker: An Online Tool to Assess Corruption Risks in Public Procurement
May 12, 2023
Technical Notes and Manuals No. 2023/001
Countering the Financing of Terrorism: Good Practices to Enhance Effectiveness
The Extent and Composition of Automatic Stabilization in EU Countries
May 12, 2023
Working Paper No. 2023/103
It’s Never Different: Fiscal Policy Shocks and Inflation
May 12, 2023
Working Paper No. 2023/098
How We Missed the Inflation Surge: An Anatomy of Post-2020 Inflation Forecast Errors
May 12, 2023
Working Paper No. 2023/102
Benchmarking Infrastructure Using Public Investment Efficiency Frontiers
May 12, 2023
Working Paper No. 2023/101