What's New Archive
Page: 6 of 2015
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May 12, 2023
Working Paper No. 2023/100
May 12, 2023
Working Paper No. 2023/099
May 12, 2023
“Following productive discussions, the IMF team and the Barbadian authorities reached staff-level agreement on the completion of the first reviews under the EFF and RSF arrangements. The agreement is subject to approval by the IMF Executive Board, which is expected to consider the reviews in June. The completion of the reviews will make available SDR 14.175 million (about US$19 million) under the EFF arrangement and SDR 14.175 million (about US$19 million) under the RSF arrangement.
May 12, 2023
High Level Summary Technical Assistance Report No. 2023/004
May 12, 2023
Country Report No. 2023/162
May 12, 2023
The economy is recovering from multiple shocks in the past three years, but the recovery is still fragile. The reopening of the border and infrastructure spending ahead of the 2023 Pacific Games have accelerated the recovery from civil unrest and the local outbreak of COVID-19, but rising living and business costs have been a drag. The economy remains subject to downside risks, including a potential resurgence of the COVID-19 pandemic, natural disasters, increases in global commodity prices, and recurrent political instability. Both fiscal and current account deficits are expected to persist in the medium-term, driven by large spending on infrastructure, other tangible and human capital development, and declining log exports. Reserve coverage is expected to decline as a result, although it is forecast to remain within the adequacy range under the baseline.
May 12, 2023
An International Monetary Fund team led by Mr. Shanaka Jay Peiris held meetings in Manila during May 8-12, 2023, to discuss recent economic and financial developments and the outlook for the Philippine economy.
May 12, 2023
“I welcome the statement from the Official Creditor Committee for Ghana on the importance of an IMF-supported economic program, together with its commitment to negotiate debt restructuring terms accordingly. This statement provides the necessary financing assurances for the IMF Executive Board to consider the proposed Fund-supported program and unlock much needed financing from Ghana’s development partners. I also strongly endorse the call by the Official Creditor Committee for private creditors and other official bilateral creditors to commit to comparable debt treatments.
May 12, 2023
Denmark: Staff Concluding Statement of the 2023 Article IV Mission
May 11, 2023
Country Report No. 2023/163
May 11, 2023
Country Report No. 2023/165
May 11, 2023
Country Report No. 2023/164
May 11, 2023
Press Briefing by Julie Kozack, Director, Communications Department – March 23, 2023 at 9:30 a.m.
May 11, 2023
An International Monetary Fund (IMF) mission, led by Mr. Edward Gemayel, visited Dakar during April 27–May 11, 2023, to discuss the Senegalese authorities’ request for a new financing arrangement.
May 11, 2023
Opening Remarks by the Deputy Managing Director Bo Li at the Peer-Learning Webinar Series on Digital Money/Technology in Asia and the Pacific, organized by the IMF-Singapore Training Institute
May 11, 2023
Opening Remarks by the Deputy Managing Director Bo Li at the Peer-Learning Webinar Series on Digital Money/Technology in Asia and the Pacific, organized by the IMF-Singapore Training Institute
May 11, 2023
An International Monetary Fund (IMF) team led by James John held meetings in Tbilisi during April 27 - May 10, 2023, to conduct discussions on the second review of Georgia’s economic program supported by an IMF Stand-By Arrangement (SBA).
May 10, 2023
An International Monetary Fund (IMF) mission led by Édouard Martin visited N'Djamena from April 27 to May 10, 2023, to conduct discussions on the third review under the Extended Credit Facility (ECF) arrangement approved by the IMF Executive Board on December 10, 2021 (see Press Release No. 21/375), and for the 2023 Article IV consultation. This 36-month ECF arrangement in the amount of SDR 392.56 million (about US$570.75 million or 280 percent of quota) helps address Chad's substantial fiscal and balance of payments needs, including through catalyzing financial support from official donors. The first and second reviews of this arrangement were concluded by the IMF Executive Board on December 22, 2022, allowing for the disbursement of 112.16 million SDRs (about $149.3 million).
May 10, 2023
Today, the Executive Board of the International Monetary Fund (IMF) completed the first review of Guinea Bissau’s performance under a program supported by a 36-month Extended Credit Facility (ECF) arrangement. The ECF, with a total access of SDR28.4 million (about US$38.4 million at the time of approval, or 100 percent of quota), was approved by the IMF Executive Board on January 30, 2023 . Completion of the first review enables an immediate disbursement of SDR2.37 million, about US$3.2 million, to help meet the country’s balance-of-payments and fiscal financing needs and support the ongoing recovery. This brings total disbursements under the arrangement to SDR4.74 million, (about US$6.4 million). The Executive Board’s decision was taken on a lapse-of-time basis. [1] Growth in 2022 is estimated at 3.5 percent, while average inflation increased to 7.9 percent in 2022. Growth was negatively affected by lower cashew exports and adverse external shocks, but supported by higher agricultural production, infrastructure projects, and relative political stability. The surge in commodity prices added inflationary pressures.
May 10, 2023
Israel’s economic performance in 2022 was remarkable. Growth reached 6.5 percent, pushed by a vibrant high-technology sector, with unemployment at a record low. Public debt-to-GDP fell rapidly to pre-covid levels, international reserves are ample, the external position is strong, and the banking sector has adequate capital and liquidity buffers.
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