International Monetary Fund

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Costa Rica: Staff Concluding Statement of the 2023 Article IV Mission, Fifth Review under the Extended Fund Facility, and Second Review Under the Resilience and Sustainability Facility Arrangement

October 27, 2023
An International Monetary Fund (IMF) staff team, led by Mr. Ding Ding, visited San Jos é during October 18–27.  click for more

IMF Staff Completes the First Review of the Arrangements under the Extended Fund Facility and Extended Credit Facility for the Islamic Republic of Mauritania and Concludes an Arrangement under the Resilience and Sustainability Facility

October 27, 2023
An IMF mission led by Mr. Felix Fischer held discussions on the first review of the program supported by the Extended Fund Facility and the Extended Credit Facility arrangements, approved by the IMF Executive Board on January 25, 2023 for a total amount of SDR 64.40 million, approximately US$ 86.9 million over 42 months and a new program supported by the Resilience and Sustainability Facility (RSF).  click for more

IMF Managing Director Appoints Romy Bowers as Director of the Office of Risk Management

October 27, 2023
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Ms. Romy Bowers as Director of the Office of Risk Management (ORM). Ms. Bowers will succeed Brenda Boultwood and is expected to take up her appointment on January 8, 2024.  click for more

Shocks and Capital Flows: Policy Responses in a Volatile World

October 27, 2023

IMF Reaches Staff-Level Agreement with Benin on a New Program under the Resilience and Sustainability Facility (RSF) and the Third Review under the Extended Fund Facility and the Extended Credit Facility Arrangements

October 26, 2023
IMF has reached staff-level agreement with Benin on the Third Review of Benin’s ongoing EFF/ECF and a new program under the Resilience and Sustainability Facility (RSF).  click for more

Suriname: Financial Stability Report

October 25, 2023
High Level Summary Technical Assistance Report No. 2023/015  click for more

IMF Staff Concludes Staff Visit to Zimbabwe

October 25, 2023
An International Monetary Fund (IMF) staff team led by Wojciech Maliszewski conducted a staff visit in Harare during October 18–25, 2023 to discuss recent economic developments and the economic outlook.  click for more

Suriname: Technical Assistance Report—Financial Stability Report

October 25, 2023
Country Report No. 2023/352  click for more

Remarks by the First Deputy Managing Director at the Ninth IMF-WB-WTO Trade Research Conference

October 25, 2023
In her opening speech at the ninth IMF-World Bank-WTO Trade Research Conference, Gita Gopinath highlighted the challenges facing global trade, including historically low trade growth and rising trade barriers. She emphasized the surge in industrial policy and its potential negative impacts, particularly in advanced economies, and the risks associated with trade fragmentation. Gopinath outlined solutions, advocating for promoting trade openness, building resilient supply chains, and mitigating unilateral actions through transparency and cooperation. She underscored the importance of collaboration among international institutions to address these pressing issues and concluded by expressing hope that the ideas discussed at the conference could contribute to shaping global policy debates.  click for more

IMF Staff Reaches Staff-level Agreement with Senegal on First Reviews of the Extended Fund Facility and Extended Credit Facility, and the Resilience and Sustainability Facility

October 24, 2023
“I am pleased to announce that we have reached a staff-level agreement on the first reviews of the authorities’ economic program that is supported by the EFF/ECF and the RSF arrangements. The staff-level agreement is subject to IMF Management approval and consideration by the IMF’s Executive Board, which is tentatively scheduled for mid-December 2023. Upon completion of the review, Senegal would have access to SDR 161.8 million (about US$ 212 million) under the EFF/ECF and to SDR 48.54 million (about US$63,7 million) under the RSF.  click for more

African Caucus Meeting: Statement by the Chairman of the African Caucus and the Managing Director of the IMF

October 24, 2023
Mr. Olavo Correia, Cabo Verde’s Vice Prime Minister and Minister of Finance and the First Vice Chair of the African Caucus and Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), recently co-chaired the African Consultative Group meeting on Tuesday, October 10, 2023. They issued the following statement at the conclusion of the Group’s meeting in Marrakech.  click for more

Building Resilience in Uncertain Times: Per Jacobsson Lecture

October 24, 2023
With the years of access to cheap money behind them and the effects of climate change and geopolitical tensions only getting worse, what does resilience look like for emerging market economies? This year’s Per Jacobbson lecture brings together three influential thinkers to discuss how countries can work towards economic resilience in an era of greater uncertainty. The talk features Lesetja Kganyago, Governor of the Reserve Bank of South Africa, Masood Ahmed, President of the Center for Global Development, and is moderated by Guillermo Ortiz, former Governor of the Bank of Mexico.  click for more

Women in Economics and Finance: Debate on the Next Challenges in the EU

October 24, 2023
Hello, and thank you for the opportunity to participate in today's important event during the European Gender Equality Week. Let me start by stating the obvious. Women's economic and financial empowerment is critical for economic growth, which currently remains well below its pre-pandemic average. We need more women in the workforce. When women have the same opportunity as men to fully participate in the labor market, it is not only good for them: it is good for their families, their communities, and their countries.  click for more

Belgium: Staff Concluding Statement of the 2023 Article IV Mission

October 24, 2023
Belgium: Staff Concluding Statement of the 2023 Article IV Mission  click for more

Nancy Onyango, Director of the Office of Internal Audit and Inspection, to Leave the IMF

October 23, 2023
Nancy Onyango, Director of the Office of Internal Audit and Inspection (OIA), will leave the Fund on January 29, 2024, when her second term ends, Managing Director Kristalina Georgieva announced today.  click for more

A Framework for Climate Change Mitigation in India

October 20, 2023
Working Paper No. 2023/218  click for more

Financial Stress and Economic Activity: Evidence from a New Worldwide Index

October 20, 2023
Working Paper No. 2023/217  click for more

Zimbabwe: Technical Assistance Report—Financial Soundness Indicators Statistics Mission

October 19, 2023
Country Report No. 2023/353  click for more

IMF Reaches Staff-Level Agreement on the First Review of Sri Lanka’s Extended Fund Facility Arrangement

October 19, 2023
“The IMF team reached a staff-level agreement with the Sri Lankan authorities on the first review under an economic reform program supported by a 48-month Extended Fund Facility (EFF) arrangement. The arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March 20, 2023.  click for more

Dilip Ratha on the Power of Remittances

October 19, 2023

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