What's New Archive

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IMF Executive Board Concludes 2022 Article IV Consultation with Belgium

March 2 , 2023
Growth is expected to slow from 3.0 percent in 2022 to 0.2 percent in 2023, before returning to potential of 1.2 percent over the medium term. Inflation should decelerate from 10.3 percent in 2022 to 5.5 percent in 2023, as energy prices ease. Indexation has opened a wage gap with key trading partners, posing challenges for competitiveness. With aging and social-benefit pressures and in the absence of adjustment measures, the structural fiscal deficit is expected to remain elevated over the medium term at 5½ percent of GDP and high public debt will also rise to about 120 percent of GDP in 2028, increasing vulnerabilities. Risks are tilted to the downside, related to escalation of the war in Ukraine and a sharper-than-expected tightening of financial conditions. Lower energy prices would reduce fiscal pressures, and with progress on structural reforms before elections in 2024, boost confidence.  

IMF Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan

March 1 , 2023
IMF Executive Board Approves US$114.8 Million in Emergency Financing Support to South Sudan  

Johannes Wiegand on Bimetallism and Monetary Stability

March 1 , 2023
While the currency values of today’s economic powerhouses help maintain global financial stability, the currency systems in the 19th century were tied to precious metals and France played the stabilizing role.  

Recovery From The Pandemic In Developing Asia: Achieving Inclusive And Sustainable Growth With Sound Fiscal Management

February 28, 2023

Structural Transitions to Electric Vehicle Production: Czech Republic

February 28, 2023
Selected Issues Paper No. 2023/013  

Labor Market Implications for Green Investments and Carbon Pricing in Spain: Spain

February 28, 2023
Selected Issues Paper No. 2023/011  

Spending Efficiency and Reforms: France

February 28, 2023
Selected Issues Paper No. 2023/014  

Labor Productivity Dynamics in Spain: A Firm-Level Perspective: Spain

February 28, 2023
Selected Issues Paper No. 2023/012  

The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth

February 28, 2023
Analytical Notes No 2023/002  

Nepal: IMF Reaches Staff-Level Agreement on the First and Second Reviews under the Extended Credit Facility and Concludes the 2023 Article IV Consultation

February 28, 2023
IMF staff and the Nepal authorities have reached staff-level agreement on the policies needed to complete the combined first and second reviews of the ECF arrangement. Nepal would have access to about US$52 million in financing once the review is formally approved by the Executive Board. Following a strong post-pandemic recovery, real GDP growth is softening, reflecting the impact of external shocks and necessary policy adjustment. The much-needed monetary policy tightening last year helped stabilize the external position and is contributing to lower inflation, while the recent mid-year budget review is expected to address near-term fiscal risks stemming from lower-than-expected revenue growth. Sustainable medium-term growth will require fiscal reforms in line with debt sustainability, advancing reforms on banking regulations and supervision, reducing the cost of doing business and barriers to FDI and enhancing governance.  

IMF Managing Director Appoints Rodrigo Valdés as Director of the Western Hemisphere Department

February 28, 2023
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Mr. Rodrigo Valdés as Director of the Fund’s Western Hemisphere Department (WHD). Mr. Valdés will assume his role as the head of the IMF’s department in charge of relations with member countries in the Americas on May 1, 2023. He will succeed Ilan Goldfajn, who separated from the Fund to become the seventh President of the Inter-American Development Bank (IDB).  

The Effects of Climate and Conflict Shocks on Household Welfare: Niger

February 27, 2023
Selected Issues Paper No. 2023/008  

Fostering Export Diversification in Niger: Niger

February 27, 2023
Selected Issues Paper No. 2023/010  

Economic Effects of Climate Change and Food Insecurity in Niger: Niger

February 27, 2023
Selected Issues Paper No. 2023/009  

Macroeconomic Gains from Closing Gender Educational Gaps in Niger: Niger

February 27, 2023
Selected Issues Paper No. 2023/006  

Financial Inclusion in Niger: Challenges and Opportunities: Niger

February 27, 2023
Selected Issues Paper No. 2023/007  

Scaling up Climate Finance for Emerging Markets and Developing Economies

February 27, 2023
Speech by Deputy Managing Director Bo Li at EIB Group Forum 2023  

11th African Fiscal Forum

February 26, 2023

Hungarian Monetary Policy Operations Before, During, and After the Pandemic: Hungary

February 26, 2023
Selected Issues Paper No. 2023/005  

Drivers of Inflation: Hungary

February 26, 2023
Selected Issues Paper No. 2023/004  

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