What's New Archive
Page: 9 of 2018
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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.
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.
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