What's New Archive
Page: 7 of 2015
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May 9 , 2023
Agricultural productivity in Africa has lagged behind for decades, and now climate change is making things worse. But for Hamza Rkha Chaham, the prospect of helping African farmers increase crop yields prompted him to launch a startup that is transforming lives.
May 9 , 2023
Economic activity has rebounded strongly from the pandemic. After contracting by 13.4 percent in 2020, real GDP expanded by 15.2 percent in 2021 and 12.1 percent in 2022, led by retail and wholesale trade, tourism, and business process outsourcing. Real GDP growth is projected to slow to 2.4 percent in 2023 and 2 percent over the medium term as tourism returns to pre-pandemic levels. Inflation increased from near zero in 2020 to 3.2 percent in 2021 and 6.3 percent in 2022, led by higher global energy and food prices despite measures to fix domestic diesel and regular gasoline prices at the pump since April 2022. Inflation is projected to fall to 4.1 percent in 2023 and 1.2 percent over the medium term, in line with the projected fall in commodity prices and global inflation. Risks to the outlook remain tilted to the downside, including a sharp global slowdown, further increases in commodity prices, and climate-related disasters.
May 9 , 2023
“Cabo Verde’s performance under the program is solid. The economy rebounded strongly in 2022 growing 17.7 percent, the primary deficit narrowed to 1.9 percent of GDP, the debt-to-GDP ratio declined, the current account improved, and international reserves were adequate to protect the currency peg. The authorities used monetary and fiscal policy to support the recovery and cushion the impact of the crisis on the most vulnerable.
May 9 , 2023
An International Monetary Fund mission, led by Rupa Duttagupta, and comprising Kamil Dybczak, Antonio Pancorbo, Ippei Shibata, Laura Valderrama, and Hannah Winterberg, conducted discussions for the 2023 Article IV consultation with Portugal during April 26-May 5, 2023.
May 9 , 2023
An International Monetary Fund mission, led by Magnus Saxegaard, and comprising Mahir Binici, Jorge Iván Canales Kriljenko, Yen Mooi, conducted discussions for the 2023 Article IV consultation with Iceland during April 25–May 9, 2023. Etienne Yehoue, Financial Sector Assessment Program (FSAP) mission head, joined the concluding meeting.
May 9 , 2023
“The Nigerien authorities and the IMF team reached a staff-level agreement on the third review of Niger’s economic program under the Extended Credit Facility and a new program under the Resilience and Sustainability Facility. The staff-level agreement is subject to IMF Management and Executive Board approval. The Board meeting is expected to take place in July. The ECF review’s completion would allow the disbursement of SDR 19.74 million (about US$ 26.7 million, or 15 percent of Niger’s quota) to cover external financing needs.
May 8 , 2023
Country Report No. 2023/161
May 8 , 2023
“The IMF team has reached staff-level agreement with the Comorian authorities on a 4-year program under the Extended Credit Facility (ECF), with requested access of SDR 32.04 million (about US$43 million). This agreement is subject to approval by the IMF Management and Executive Board, with Board consideration expected in the coming weeks.
May 7 , 2023
IMF Staff Concludes Visit to Bangladesh
May 6 , 2023
IMF staff and the Mozambican authorities have discussed performance and policies underpinning the second review of the program under the ECF arrangement. Discussions were fruitful and will continue in the coming weeks to try and reach Staff Level Agreement.
May 5 , 2023
Working Paper No. 2023/096
May 5 , 2023
Working Paper No. 2023/095
May 5 , 2023
Working Paper No. 2023/093
May 5 , 2023
Working Paper No. 2023/091
May 5 , 2023
Working Paper No. 2023/094
May 5 , 2023
Working Paper No. 2023/092
May 5 , 2023
Country Report No. 2023/160
May 5 , 2023
Country Report No. 2023/157
May 5 , 2023
Trinidad and Tobago’s economic activity is recovering supported by higher global energy prices and the rebound of the non-energy sector. Real GDP is estimated to have expanded by 2.5 percent in 2022. Inflation has increased, reaching 8.7 percent by end-2022, driven by imported energy and food prices, partial liberalization of domestic fuel prices in 2022, and domestic weather-related shocks. The financial sector appears well-capitalized, liquid, and profitable. Higher energy prices contributed to further improving the external position in 2022 and turning the fiscal position into a surplus in FY2022—for the first time in over a decade. Public debt has declined.
May 5 , 2023
Departmental Paper No 2003/003
Page: 7 of 2015234567891011
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