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September 7 , 2023
Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ajay Banga, President of the World Bank issued today a joint statement: “The world confronts significant economic challenges, the existential threat of climate change as well as a digital transition, all in the context of more frequent shocks, high debt levels, limited policy space in many countries and rising geopolitical tensions. Well-designed and appropriately sequenced policies are critical to help accelerate growth, alleviate policy trade-offs, and support the green and digital transitions. The Bretton Woods institutions have a critical role to play to help member countries address the challenges and leverage the opportunities, working closely together and with partners.
September 7 , 2023
Credit cards that offer rewards like travel discounts seem a good idea, but rewards cards can be costly for anyone who keeps a running balance. So should there be rules around who gets one? IMF economist Andrea Presbitero says while these cards can widen wealth inequality, limiting access is not the answer.
September 7 , 2023
Kristalina Georgieva, Managing Director of the International Monetary Fund, and Ajay Banga, President of the World Bank issued today a joint statement: “The world confronts significant economic challenges, the existential threat of climate change as well as a digital transition, all in the context of more frequent shocks, high debt levels, limited policy space in many countries and rising geopolitical tensions. Well-designed and appropriately sequenced policies are critical to help accelerate growth, alleviate policy trade-offs, and support the green and digital transitions. The Bretton Woods institutions have a critical role to play to help member countries address the challenges and leverage the opportunities, working closely together and with partners.
September 7 , 2023
A team from the International Monetary Fund (IMF), led by Mr. Edward Gemayel, conducted a mission from August 31 to September 7, 2023, to take stock of recent economic developments and update growth and budget forecasts, and discuss the draft 2024 budget.
September 7 , 2023
Country Report No. 2023/322
September 7 , 2023
IMF Notes No 2023/005
September 7 , 2023
Russia’s war in Ukraine continues to place significant headwinds on the European economy, with implications for BiH. Moreover, the global tightening of financial conditions is expected to weigh on the country’s economic activity. While all new governments have been formed following elections in 2022, political tensions continue to hamper economic policy and reforms. The European Union candidacy status, granted in December 2022, has yet to create reform momentum.
September 7 , 2023
Country Report No. 2023/324
September 7 , 2023
Staff Discussion Notes No. 2023/004
September 6 , 2023
September 6 , 2023
President Iohannis, thank you for the opportunity to share a few thoughts today with leaders from the countries unified around the Three Seas Initiative. First, to acknowledge that your meeting takes place at a challenging time, a time of weaker growth and widening divergence among regions and sectors of the economy.
September 6 , 2023
Working Paper No. 2023/181
September 6 , 2023
On July 20, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV consultation with Saudi Arabia.
September 6 , 2023
Country Report No. 2023/323
September 6 , 2023
An International Monetary Fund (IMF) team, led by Mr. Harald Finger, Mission Chief for the Republic of Korea, visited the country from August 24 to September 6, 2023, to hold discussions for the 2023 Article IV Consultation
September 5 , 2023
Country Report No. 2023/321
September 5 , 2023
Successful reforms coupled by firmed oil prices supported the Angola’s economic recovery in 2021–22, however, declined oil production has led to significant challenges to the economy. Towards the end of 2022 and the first half of 2023, the oil sector weakened due to the extension of temporary maintenance operations. With declines of both oil prices and production in the first half of 2023, exports and oil revenues declined, resulting in a weakness in the fiscal and external sectors, and a significant depreciation in the nominal exchange rate in June 2023. Following the strong nominal exchange rate depreciation and the partial removal of fuel subsidies, inflation increased in June, to 11.3 percent (from 10.6 percent); for the first time in 15 consecutive months; whereby the BNA (Banco Nacional de Angola) responded by tightening liquidity conditions.
September 5 , 2023
Lithuania weathered a series of unprecedented external shocks, owing to resilient macroeconomic fundamentals and a decisive policy response. Recently, however, high inflation and rising interest rates have affected disposable incomes which, combined with weak external demand, resulted in an economic contraction in the last quarter of 2022 and early 2023. At the same time, the labor market has remained broadly resilient with high wage growth, albeit negative in real terms, and has supported domestic demand for a year until July.
September 5 , 2023
Country Report No. 2023/316
September 4 , 2023
High Level Summary Technical Assistance Report No. 2023/012
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