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IMF Executive Board Discusses the Ex-Post Evaluation of Argentina’s Exceptional Access Under the 2018 Stand-By Arrangement
December 22, 2021
IMF Executive Board Completes Sixth Review of the Extended Fund Facility Arrangement for Angola and Concludes 2021 Article IV Consultation
December 22, 2021
IMF Staff Completes Mission for the 2021 Article IV Consultation and First Reviews of the Extended Credit Facility and Extended Fund Facility for Cameroon
December 22, 2021
IMF Management Approves a Staff-Monitored Program for the Central African Republic
December 22, 2021
Blog: Chart of the WeekHigher Shipping Costs May Lift Asia’s Low Inflation
December 22, 2021
New analysis shows how increases in shipping rates have a persistent impact on consumer prices.
Spain: Staff Concluding Statement of the 2021 Article IV Mission
December 22, 2021
Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - December 3, 2021
December 22, 2021
This Work Program puts forward an IMF Board agenda focused on activities of critical importance to our members. In line with the strategic directions laid out in the Fall 2021 Global Policy Agenda and the International Monetary and Financial Committee (IMFC) Communiqué, the Work Program supports three policy priorities: (i) vaccinate the world to combat the pandemic everywhere; (ii) calibrate bilateral and multilateral policies to support the recovery and reduce scarring and divergences; and (iii) accelerate the transformation of the global economy to make it greener, more digital, and inclusive. To deliver on this agenda, it is also important to ensure that the Fund remains appropriately equipped to maintain its role at the center of the global financial safety net.
Strategic Foresight at the International Monetary Fund
December 22, 2021
This note explains the value of strategic foresight and provides implementation advice based on the IMF’s experience with scenario planning and policy gaming. Section II provides an overview of strategic foresight and some of its tools. Scenario planning and policy gaming have been the Fund’s main foresight techniques so far, though other tools have been complementary. Accordingly, section III focuses on the scenario planning by illustrating applications before detailing the methods we have been using, while section IV describes policy gaming including the matrix policy gaming approach with which we have experimented so far. Section V summarizes the key points. In so doing, the note extends an invitation to those in the economics and finance fields (e.g., researchers, policymakers) to incorporate strategic foresight in their analysis and decision making.
Kenya: Selected Issues
December 22, 2021
Selected Issues
Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and requests for Modifications of Performance Criteria and Structural Conditionality-Press Release; and Staff Report
December 22, 2021
Kenya’s medium-term economic outlook remains positive, supported by the authorities’ continued firm commitment to their economic program amidst a complex environment. Economic recovery is well underway, but Kenya’s Sustainable Development Goals (SDGs) have suffered significant setbacks, and poverty has increased. The authorities see the program as providing essential support for sound fiscal management ahead of the 2022 elections, reinforcing their multi-year fiscal consolidation plan to reduce debt vulnerabilities and preserve priority social and development spending.