What's New Archive
Page: 8 of 2018
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May 16, 2023
Transcript of IMF Press Briefing in Sri Lanka
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.
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?
May 15, 2023
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.
May 12, 2023
Working Paper No. 2023/106
May 12, 2023
Technical Notes and Manuals No. 2023/001
May 12, 2023
May 12, 2023
Working Paper No. 2023/103
May 12, 2023
Working Paper No. 2023/098
May 12, 2023
Working Paper No. 2023/102
May 12, 2023
Working Paper No. 2023/101
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.
Page: 8 of 20183456789101112
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