What's New Archive
Fabio Natalucci on Financial Stability: Soft Landing or Abrupt Awakening
October 10, 2023
Most economies have shown resilience through the steepest series of rate hikes in decades. But inflation remains stubbornly high in some countries, which is proving a challenge for global monetary policy going forward.
Monetary Policy Transmission through Commodity Prices
October 10, 2023
Working Paper No. 2023/215
Morocco’s Quest for Stronger and Inclusive Growth
IMF Today
Managing Director’s Dialogue with Tomorrow’s Leaders: Future of Inclusive Growth in MENA
IMF Today
Poverty Reduction and Growth Trust—2023 Borrowing Agreements with the Government of Australia, the People’s Bank of China, the Bank of Finland, the Banque De France, De Nederlandsche Bank NV, the Norwegian Ministry of Finance Representing the Kingdom of Norway, Sveriges Riksbank, and the Government of the United Kingdom
October 6 , 2023
Policy Paper No. 2023/041
Press Briefing: Global Financial Stability Report, October 2023
IMF Staff Concludes Staff Visit to Türkiye
October 6 , 2023
“Despite the tragic earthquakes in February, growth has remained resilient and should reach 4.0 percent this year. With policies turning appropriately less accommodative, growth is projected at 3¼ percent in 2024 while inflation is forecast to fall to 46 percent at end-2024 from 69 percent at end-2023 as exchange rate pressures ease but backward-looking wage increases and expectations remain. As confidence builds, the demand for gold is expected to decline, thus reducing the external current account deficit (3.1 percent of GDP in 2024 versus 4.1 in 2023). This, together with better prospects for inflows including from official sources, should reduce pressure on reserves. Gross reserves reached $122.5 billion at end-September, but net of on- and off-balance sheet short-term liabilities remain negative.
Brunei Darussalam: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brunei Darussalam
October 6 , 2023
Country Report No. 2023/346
Brunei Darussalam: Selected Issues
October 6 , 2023
Country Report No. 2023/347
IMF Executive Board Concludes 2023 Article IV Consultation with Brunei Darussalam
October 6 , 2023
Brunei has begun to recover from the pandemic, with COVID-19 restrictions lifted and borders reopened in 2022. However, the recovery has been hindered by reduced Oil and Gas (O&G) sector production, despite rising commodity prices. Real GDP contracted in 2022 due to a decline in O&G production, but this was partly offset by growth in downstream O&G activities and non-O&G sectors. The labor market improved, although gains were primarily in lower-paid jobs. Inflation rose in 2022 to 3.7 percent but has since moderated, with the stable exchange rate helping to mitigate the impact of imported inflation. The fiscal and current account position improved in 2022, 1.6 and 19.6 percent, respectively, driven by higher O&G prices and an expansion of exports from the downstream sector. The banking sector remains stable, liquid, and well capitalized with declining non-performing loans, while domestic lending showed signs of recovery, particularly in the corporate sector.
Integrating Gender into the IMF’s Work
October 6 , 2023
Gender Notes No. 2023/001
IMF Staff Completes 2023 Article IV Mission to Equatorial Guinea
October 6 , 2023
An International Monetary Fund (IMF) team, led by Mr. Mesmin Koulet-Vickot, visited Malabo during September 26-October 5 to hold discussions for the 2023 Article IV consultation. At the end of the visit, Mr. Koulet-Vickot issued the following statement:
IMF Executive Board Completed the Review of the Policy Coordination Instrument and Endorsed the Proposal to Eliminate the Policy Support Instrument
October 6 , 2023
Against the backdrop of a challenging and shock-prone global environment, the Executive Board approved two key refinements to the PCI to make the PCI more fit-for-purpose while maintaining its strong signaling function.
Digital Solutions Guidelines for Public Financial Management
October 6 , 2023
Technical Notes and Manuals No. 2023/007
Kristalina Georgieva: Building Bridges to Strong Future Growth
Review of the Flexible Credit Line, The Short Term Liquidity Line and the Precautionary and Liquidity Line, and Proposals for Reform
October 6 , 2023
Policy Paper No. 2023/039
IMF Executive Board, Concludes Review of the Flexible Credit Line, the Short-Term Liquidity Line, and the Precautionary and Liquidity Line and Approves Proposed Reforms
October 6 , 2023
On October 2, 2023, the Executive Board of the International Monetary Fund (IMF) completed the Review of the Flexible Credit Line (FCL), the Short-Term Liquidity Line (SLL), and the Precautionary and Liquidity Line (PLL). The Board endorsed staff proposals for reforms, with the aim of further strengthening the Global Financial Safety Net (GFSN) and ensuring that the IMF’s precautionary facilities toolkit remain fit for purpose as external risks become more prevalent, protracted and diverse.
Nepal: Technical Assistance Report—Financial Sector Stability Review
October 6 , 2023
Country Report No. 2023/344