Log on to the IMF Press Center
The IMF Press Center is a password-protected
site for working journalists.
Links of Interest
- Sign up here for personalized news & updates from IMF Blog, IMF Finance & Development Magazine, IMF Podcasts and more.
Events: Board Calendar
Country Info: Information by Country
WEO Data: World Economic Outlook Database
Annual Meetings: Information for Journalists
Courses: IMF Institute Learning Channel
More Work is Needed to Make Big Banks Resolvable
March 18, 2024
Last year's turmoil showed that further progress is required in a number of areas to ensure banks aren’t too big to fail.
Uganda: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Uganda
March 18, 2024
Economic recovery continues to gain strength following a rapid decline in
inflation, favorable agriculture and robust industrial and services activity. Fiscal financing
and foreign portfolio flows are facing headwinds amid tight global financial conditions
and the passage of the Anti-Homosexuality Act (AHA) in May 2023. The authorities are
implementing fiscal consolidation to contain vulnerabilities, maintaining a moderately
tight monetary stance in the face of upside risks to inflation and undertaking reforms to
improve governance and reduce corruption.
Somalia: Technical Assistance Report-Consumer Price Index Mission (May 3–14, 2023)
March 18, 2024
A technical assistance (TA) mission was conducted by the statistics department of the IMF in May 2023 to assist the Somalia National Bureau of Statistics (SNBS) with updating the Consumer Price Index (CPI). Preliminary consumer basket was created during the mission with expanded coverage, and the higher aggregate weights were calculated using the updated classification of individual consumption by purpose (COICOP 2018). Somali Integrated Household Budget Survey (SIHBS) 2022 was used as a main source for calculating preliminary CPI weights. The index compilation methodology was reviewed and recommendations for improvements were provided.
IMF Investigates Cyber-Security Incident
March 15, 2024
Executing a Soft Landing for a Lasting Recovery
March 15, 2024
Statement by IMF Deputy Managing Director Antoinette M. Sayeh at the Conclusion of Her Visit to Uruguay
March 15, 2024
Jordan: Technical Assistance Report-Developing Supervisory Review and Evaluation Process SRP Framework
March 15, 2024
The International Monetary Fund (IMF)’s Middle East Regional Technical Assistance Center (METAC) is currently assisting the Central Bank of Jordan (CBJ) in enhancing its risk-based supervision through the development of a Supervisory Review and Evaluation SRP framework inspired from European Central Bank (ECB) methodology. The Technical Assistance TA mission is part of a multi-step medium-term project. The TA mission aimed to design, in coordination with CBJ, a progressive multi-step roadmap defining the major milestones for a full implementation of SRP. The mission noted that several dimensions should be taken into consideration when implementing the SRP, most notably bridging the data gap by building a fully-fledged supervisory risk database through a dedicated IT project, assessing whether the current organization of the Banking Supervisory Department should be adjusted, and progressively cover all material sources of risks in the SRP.
Efficient Economic Rent Taxation under a Global Minimum Corporate Tax
March 15, 2024
The international agreement on a corporate minimum tax is a milestone in global corporate tax arrangements. The minimum tax disturbs the equivalence between otherwise equivalent forms of efficient economic rent taxation: cash-flow tax and allowance for corporate equity. The marginal effective tax rate initially declines as the statutory tax rate rises, reaching zero where the minimum tax is inapplicable, and increases thereafter. This kink occurs at a lower statutory rate under cash-flow taxation. We relax the assumption of full loss offset; provide a routine for computing effective rates under different designs; and discuss policy implications of the minimum tax.