What's New Archive

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Central African Economic and Monetary Community: Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director

June 28, 2024
Country Report No. 2024/193  

Dominica: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica

June 27, 2024
Country Report No. 2024/192  

Benin: IMF Executive Board Completes Fourth Review of Extended Fund and Extended Credit Facilities, First Review of Resilience and Sustainability Facility, and Concludes 2024 Article IV Consultation

June 27, 2024
The Beninese economy has proven remarkably resilient to shocks, leveraging buffers wisely created pre-pandemic and supported by the government’s continued reform efforts, with economic activity estimated to have expanded by 6.4 percent in 2023. Growth is expected to remain strong in the coming years, supported by the government infrastructure drive and by private investment, including through the Special Economic Zone.  

United States of America Staff Concluding Statement of the 2024 Article IV Mission

June 27, 2024
The U.S. economy has proven itself to be robust, dynamic, and adaptable to changing global conditions. Activity and employment continue to exceed expectations (notably, relative to those at the time of the 2023 Article IV consultation) and the disinflation process has been considerably less costly than many had feared. Nonetheless, the fiscal deficit is too large, creating a sustained upward trajectory for the public debt-GDP ratio. The ongoing expansion of trade restrictions and insufficient progress in addressing the vulnerabilities highlighted by the 2023 bank failures both pose important downside risks.  

IMF Executive Board Concludes 2024 Article IV Consultation with Dominica

June 27, 2024
On May 31, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Dominica.  

2022-2023 Diversity & Inclusion Report

June 27, 2024
Policy Paper No. 2024/032  

IMF Executive Board Discusses the FY 2022–FY 2023 Diversity and Inclusion Report​

June 27, 2024
Washington, D.C. – June 27, 2024: Today, the International Monetary Fund (IMF) released its FY 2022–FY 2023 Diversity and Inclusion Report. The report was discussed by the IMF’s Executive Board on February 20, 2024. The final version of the report reflects the inputs from the Board’s discussions.  

Panama: 2024 Article IV Consultation-Press Release; and Staff Report

June 27, 2024
Country Report No. 2024/188  

Panama: Selected Issues

June 27, 2024
Country Report No. 2024/189  

IMF Executive Board Concludes 2024 Article IV Consultation with Panama

June 27, 2024
Panama grew very rapidly in the two decades preceding COVID-19 but was hit very hard by the pandemic. Between 1994 and 2019, GDP per capita increased from 33 percent of US GDP per capita to 48 percent. Rapid growth was driven by an unprecedented construction and investment boom that included major construction projects, such as the enlargement of the Panama Canal and the Tocumen airport, and the expansion of the services and logistics sectors that benefited from those projects. From the supply side, convergence was in large part supported by a sharp increase in the employment-to-population rate.  

Zambia: Third Review Under the Arrangement Under the Extended Credit Facility, Requests for Augmentation of Access, Modifications of the Monetary Policy Consultation Clause and of Quantitative Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Zambia

June 26, 2024
Country Report No. 2024/190  

IMF Statement on Kenya

June 26, 2024
Washington, DC – June 26, 2024: Ms. Julie Kozack, IMF Director of Communications, stated on Kenya:  

Kingdom of Lesotho: Staff Concluding Statement of the 2024 Article IV Mission

June 26, 2024
Lesotho’s near-term economic outlook has improved modestly, with growth expected to reach 2.7 percent in FY24/25 on the back of strong construction activity, and inflation easing to 7.1 percent in April from its peak of 8.2 percent in January 2024. But Lesotho’s government-driven economic model is struggling to deliver on the authorities’ growth and development goals.  

IMF Executive Board Concludes 2024 Article IV Consultation with the Republic of Uzbekistan

June 26, 2024
Washington, DC – June 26, 2024: On June 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Uzbekistan and considered and endorsed the Staff Appraisal on a lapse-of-time basis without a meeting.  

IMF Staff Completes 2024 Article IV Mission to Vietnam

June 26, 2024
Vietnam’s economy is projected to expand by close to 6 percent in 2024, up from 5 percent in the previous year, driven by a recovering export sector, robust foreign direct investment, and policy support.  

IMF Executive Board Completes Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility for Cabo Verde

June 25, 2024
The IMF Executive Board completed the fourth review of the 36-month arrangement under the Extended Credit Facility with Cabo Verde, providing the country with access to SDR 4.5 million (about US$5.94 million) and the first review of the 18-month arrangement under the Resilience and Sustainability Facility, providing the country with access to SDR 5.264 million (about US$6.94 million).  

Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2024 Article IV Mission

June 25, 2024
Curaçao’s economy expanded strongly, continuing its pivot towards a tourism-led growth model.  

United Republic of Tanzania: Third Review Under the Extended Credit Facility Arrangement and Request for Extension of the Extended Credit Facility Arrangement and Rephasing of Access, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

June 25, 2024
Country Report No. 2024/187  

Kingdom of the Netherlands – Sint Maarten: Staff Concluding Statement of the 2024 Article IV Consultations Mission

June 25, 2024
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged. Going forward, policies need to address long-standing structural challenges, including boosting medium-term growth, restoring the government’s competitiveness to recruit and retain talent, and dealing with mounting deficits in the healthcare insurance fund.  

IMF Reaches Staff-Level Agreement with Guinea Bissau on Sixth Review of Extended Credit Facility Arrangement

June 25, 2024
The IMF and Guinea Bissau have reached staff-level agreement on economic policies that could support the sixth review of the Extended Credit Facility (ECF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Guinea Bissau will have access to about US$ 7.2 million.  

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