What's New Archive

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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

Building Tax Capacity in Developing Countries

September 19, 2023
Staff Discussion Notes No. 2023/006  

Kingdom of Bahrain: Selected Issues

September 18, 2023
Country Report No. 2023/333  

Statement by World Bank President Ajay Banga, IMF Managing Director Kristalina Georgieva, and Morocco’s Minister of Economy and Finance Nadia Fettah Alaoui on the 2023 World Bank-IMF Annual Meetings

September 18, 2023
World Bank President Ajay Banga; International Monetary Fund (IMF) Managing Director Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance Nadia Fettah Alaoui, today issued the following statement.  

Kuwait: 2023 Article IV Consultation-Press Release; and Staff Report

September 18, 2023
Country Report No. 2023/331  

Kuwait: Selected Issues

September 18, 2023
Country Report No. 2023/332  

Financial Shock Transmission to Heterogeneous Firms: The Earnings-Based Borrowing Constraint Channel

September 15, 2023
Working Paper No. 2023/196  

Estimation and Determinants of Cost Efficiency: Evidence from Central Bank Operational Expenses

September 15, 2023
Working Paper No. 2023/195  

Cryptocarbon: How Much Is the Corrective Tax?

September 15, 2023
Working Paper No. 2023/194  

The Financial Cost of Using Special Drawing Rights: Implications of Higher Interest Rates

September 15, 2023
Working Paper No. 2023/193  

The Zombie Lending Channel of Monetary Policy

September 15, 2023
Working Paper No. 2023/192  

ASEAN-5: Further Harnessing the Benefits of Regional Integration amid Fragmentation Risks

September 15, 2023
Working Paper No. 2023/191  

Nauru: Staff Concluding Statement of the 2023 Article IV Mission

September 15, 2023
Nauru’s external position was moderately weaker than the level implied by fundamentals and desirable policies in FY2022. Rising imports, driven by the high transportation costs, led to a current account balance (CAB) of -0.5 percent of GDP in FY2022. The reserve coverage is equivalent to 3.5 months of imports in FY2022, above the reserve adequacy ratio of 2.8 months, but it is expected to decline over the medium term.  

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