What's New Archive

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Navigating Fiscal Challenges in Sub-Saharan Africa: Resilient Strategies and Credible Anchors in Turbulent Waters

September 26, 2023
Departmental Paper No 2023/007  

How to Avoid a Debt Crisis in Sub-Saharan Africa

September 26, 2023
Public debt in the region has risen to levels not seen in decades.  

IMF Executive Board Completes Third Review Under the Extended Fund Facility for Suriname

September 25, 2023
The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million). In completing the review, the Board also approved the authorities’ request for a waiver for non-observance of continuous performance criteria based on the corrective measures already taken.  

Structural Reforms to Accelerate Growth, Ease Policy Trade-offs, and Support the Green Transition in Emerging Market and Developing Economies

September 25, 2023
Staff Discussion Notes No. 2023/007  

Reaching (Beyond) the Frontier: Energy Efficiency in Europe

September 22, 2023
Working Paper No. 2023/198  

Energy Support for Firms in Europe: Best Practice Considerations and Recent Experience

September 22, 2023
Working Paper No. 2023/197  

The Market Price of Risk and Macro-Financial Dynamics

September 22, 2023
Working Paper No. 2023/199  

Central Bank Digital Currency's Role in Promoting Financial Inclusion

September 22, 2023
Fintech Notes No 2023/011  

Honduras: 2023 Article IV Consultation and Requests for an Arrangement Under the Extended Fund Facility and an Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Honduras

September 22, 2023
Country Report No. 2023/337  

IMF Staff Completes Staff-Level Agreement with Somalia on the Sixth Review under the Extended Credit Facility (ECF)

September 22, 2023
“Somalia has continued to make important progress in rebuilding its economy and institutions, but challenges remain significant. Notwithstanding the resumption of rainfall in 2023Q1, economic activity has been weighed down by the lingering effects of drought, recent floods, and subdued remittances. Food insecurity remains a concern and the security situation is challenging in some parts of the country. Near-term risks are elevated, including a worsening of food insecurity if healthy rainy seasons do not persist or if there is a global food shock.  

IMF Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility Arrangement with Central African Republic

September 21, 2023
A team from the International Monetary Fund (IMF) led by Mr. Albert Touna Mama visited Bangui from August 29 to September 9, 2023 to conduct a mission in connection with the first review of the CAR’s program supported by the IMF’s Extended Credit Facility (ECF) arrangement approved in April 2023 (see Press Release No. 23/129). Mr. Touna Mama issued the following statement at the conclusion of the mission:  

Botswana: Financial System Stability Assessment

September 21, 2023
Country Report No. 2023/336  

IMF Executive Board Approves US$822 Million Arrangements Under the Extended Fund Facility and the Extended Credit Facility for Honduras and Concludes 2023 Article IV Consultation

September 21, 2023
“The Honduran economy has shown remarkable resilience to recent domestic and external shocks. Still, Honduras faces long-standing social and structural challenges, including weak governance and limited economic opportunities, that hinder its development potential and fuel migration. Infrastructure and climate adaptation investment needs are also significant. The authorities’ economic program supported by a Fund arrangement seeks to preserve macroeconomic stability and begin to address these challenges to foster more robust and inclusive growth.  

IMF Executive Board Concludes 2023 Article IV Consultation with the Republic of the Marshall Islands

September 21, 2023
The Republic of the Marshall Islands (RMI) is in the midst of a post-pandemic recovery. Real GDP declined by 4.5 percent in the fiscal year ending September 2022 due to lower fisheries production arising from the sale of a fishing vessel by a domestic operator. However, excluding the sector, growth was 4.2 percent, confirming a recovery in domestic demand is underway. Inflation picked up to 7.9 percent in March 2023 on the back of higher food and fuel prices while the current account surplus narrowed on the back of a decline in export volumes and grants and an increase in import payments due to higher prices.  

Angola: First Post-Financing Assessment Discussions-Press Release

September 21, 2023
Country Report No. 2023/334  

IMF Executive Board Approves a US$302 Million 48-month Arrangement Under the Extended Credit Facility for Burkina Faso

September 21, 2023
The Executive Board of the International Monetary Fund (IMF) approved today a 48-month arrangement under the Extended Credit Facility of US$302.5 million (SDR228.76 million), with an immediate disbursement of SDR24 million (about US$31.8 million)  

Ecuador: Financial System Stability Assessment

September 21, 2023
Country Report No. 2023/335  

IMF Executive Board Concludes Financial System Stability Assessment with Ecuador

September 21, 2023
Ecuador’s financial system is dominated by banks and credit cooperatives. While dollarization provides an important anchor for the Ecuadorean economy, systemic liquidity risks are high due to the limited capacity of the central bank to provide liquidity. The financial sector is overall resilient to adverse macrofinancial shocks but some institutions have meaningful solvency and liquidity vulnerabilities. To preserve confidence it is key to enhance capitalization, promptly recognize loan losses, and address unviable institutions.  

IMF Staff and the Malawian Authorities Reach Staff-Level Agreement on the Second Review of the Staff Monitored Program with Executive Board Involvement and an Extended Credit Facility Arrangement

September 21, 2023
IMF Staff and the Malawian Authorities Reach Staff-Level Agreement on the Second Review of the Staff Monitored Program with Executive Board Involvement and an Extended Credit Facility Arrangement  

24th Jacques Polak Annual Research Conference

September 19, 2023

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