What's New Archive
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November 28, 2023
November 28, 2023
Staff Climate Note No 2023/003
November 27, 2023
Achieving net-zero carbon emissions by 2050 requires a deep economic transformation, substantially impacting financial systems. Financial sector regulators and supervisors have important roles to play in enhancing the resilience of the financial sector to climate-related shocks and building a foundation of transparent and fair markets for investment in transition finance.
November 27, 2023
The Bahamas’ economy continued to rebound vigorously in 2022. Real GDP growth reached 14.4 percent and unemployment fell to 8.8 percent with a broad-based expansion that was especially strong for tourism. However, labor force participation, particularly among men, remained below pre-pandemic levels. In 2023, international flight and cruise arrivals rose well above their pre-pandemic levels leading to a projected 4.3 percent expansion in the year, bringing the economy back to estimates of potential output.
November 27, 2023
Country Report No. 2023/377
November 24, 2023
Working Paper No. 2023/244
November 24, 2023
Working Paper No. 2023/243
November 24, 2023
Working Paper No. 2023/242
November 23, 2023
Malta has marked an impressive recovery from the pandemic and demonstrated substantial resilience to shocks resulting from Russia’s invasion of Ukraine. With weaker external demand and waning post-pandemic pent-up demand, growth is normalizing but is still expected to be among the highest in Europe. Persistent inflationary pressures are expected, while concern has risen about capacity constraints.
November 22, 2023
Nicaragua’s economy has remained resilient in the face of multiple shocks, supported by appropriate economic policies, substantial buffers, and multilateral support. After a very strong rebound in 2021, the economy grew at a steady pace since 2022 on the back of private consumption and exports. Real GDP is expected to grow by 4 percent in 2023, inflation to slow down, and the fiscal position of the central government to maintain a small surplus and healthy government deposits.
November 22, 2023
Papua New Guinea’s economic outlook remains favorable. Growth is expected to soften to 3.0 percent this year, due to the normalization of LNG production, but is projected to rebound to 5.0 percent in 2024, spurred by the expected reopening of Porgera gold mine and by sustained growth in the agriculture and service sectors. Inflation—after significantly declining in the past year due to fiscal measures and lower imported inflation, is projected to rise, reaching 3.5 percent by end-2023 and 5.0 percent by end-2024.
November 22, 2023
Country Report No. 2023/375
November 22, 2023
The Czech Republic's economic growth slowed considerably following Russia’s war in Ukraine, reflecting disruptions in global value chains, significant increases in energy and other commodity prices, an erosion in real wages, and a necessary tightening in monetary policy. Growth is expected to pick up in 2024—led by consumption and fixed investment, as inflation fades and real income starts rising again, supported by net exports. Nevertheless, GDP is unlikely to reach the levels that would have been given by its pre-pandemic trend by 2028. Inflation, having peaked in 2022, is projected to meet its target by early 2025. Risks are tilted to the downside for activity and to the upside for inflation.
November 22, 2023
Country Report No. 2023/373
November 22, 2023
On November 17, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of San Marino.
November 21, 2023
The 2023 UN Women UN DESA Gender Snapshot report, reveals persistent gender disparities: women dominate the informal sector, spend three times more on unpaid domestic tasks, earn less than half of men for comparable work, face maternal health risks, and experience high rates of gender-based violence. Global challenges, such as COVID-19 and climate change, exacerbate these inequalities.
November 21, 2023
November 21, 2023
Country Report No. 2023/374
November 21, 2023
An International Monetary Fund (IMF) staff team, led by Ms. Ran Bi, visited Doha during November 1–14, 2023 to conduct discussions for the 2023 Article IV consultation. The mission will submit a report to IMF management and Executive Board, which is scheduled to discuss the Article IV Consultation in January 2024.
November 21, 2023
Chile’s macroeconomic imbalances built during the pandemic have been largely resolved, while the external environment remains challenging. Policy priorities are shifting toward making the economy more inclusive, dynamic, and greener. This will require pension and tax reforms to fund social needs as well as efforts to promote investment particularly for the green transition, including a clear long-term strategy to develop the lithium industry.
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