What's New Archive

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IMF Executive Board Concludes 2023 Article IV Consultation with Botswana

August 31, 2023
Following a strong recovery of almost 12 percent growth in 2021, Botswana’s economy grew by 5.8 percent in 2022, significantly above the long-run average of 4 percent. The ongoing recovery from the pandemic primarily reflects elevated mining production. Inflation has declined sharply since August of 2022. After declining in 2022, FX reserves have stabilized and remained at adequate levels at end-2022. The unemployment rate remains elevated at 25 percent.  

Suriname and the IMF Reach Staff-Level Agreement on the Third Review of the Extended Arrangement Under the Extended Fund Facility

August 30, 2023
An International Monetary Fund (IMF) team led by Ms. Anastasia Guscina conducted virtual and in-person mission with the Surinamese authorities during August 7-22 to discuss policies to complete the third review of the 36-month Extended Fund Facility approved by the IMF Executive Board on December 22, 2021.  

Haiti: Staff-Monitored Program-Press Release; and Staff Report

August 30, 2023
Country Report No. 2023/315  

IMF Executive Board Completes the Second Review under the Extended Credit Facility Arrangement for Guinea-Bissau and Approves US$3.15 Million Disbursement

August 30, 2023
The economy has grown by 4.2 percent in 2022 and should recover only moderately to 4.5 percent in 2023. Growth has been negatively affected by low cashew exports and adverse external shocks which are weighing on Guinea-Bissau’s socio-economic environment. The surge in food and oil prices adds pressures on annual inflation which is expected to remain high at 7.0 percent. Budget execution is facing pressures. The overall fiscal deficit remained at 5.9 percent of GDP in 2022. Based on provisional data, the public debt increased to 80.3 percent of GDP in 2022, because of higher-than-projected overall fiscal deficit, new government guarantees mainly to the public utility company and the recognition of cross-arrears owed to suppliers with non-performing loans at the undercapitalized bank. Revenue mobilization and expenditure containment remain pivotal to prevent risks to debt sustainability and access to external financing. In discussions with the mission team, the new government resulting from the winning coalition of the June 4, 2023, legislative election expressed its commitment to implementing the program reform agenda.  

IMF Management Approves a New Staff Monitored-Program with Haiti

August 30, 2023
Haiti faces a challenging macroeconomic outlook amid a dire humanitarian crisis. The country has been hit hard by economic spillovers from Russia’s invasion of Ukraine, including food price inflation that has triggered a hunger crisis. This global shock has been compounded by a highly volatile security situation in Haiti, which has heightened the economy’s fragility.  

Climate Challenges in Fragile and Conflict-Affected States

August 30, 2023
Staff Climate Note No 2023/001  

IMF Executive Board Concludes 2023 Article IV Consultation with Singapore

August 29, 2023
Singapore’s post-pandemic recovery is nearly complete. Strong economic fundamentals and the authorities’ decisive policy responses, including an unprecedented policy stimulus, supported a rapid recovery from the COVID-19 shock. Following a sharp rebound of 8.9 percent in 2021, real GDP growth moderated to 3.6 percent in 2022, and weakened further to 0.4 percent (year on year) in 2023Q1, reflecting weaker global demand. Despite the solid post-pandemic recovery, consumer-facing services (except the retail sector) and construction, the hardest hit sectors during pandemic, remained below pre-pandemic levels. Inflation remained elevated and broad-based at about 5.7 percent in April 2023, despite recent signs of moderation. Inflation expectations, however, remain well-anchored.  

Singapore: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore

August 29, 2023

2021 Special Drawing Rights Allocation—Ex-Post Assessment Report

August 29, 2023
Policy Paper No. 2023/035  

Colombia: Technical Assistance Report—Assessment of Financial Stability Report

August 28, 2023
Country Report No. 2023/313  

IMF Executive Board Concludes 2023 Article IV Consultation with New Zealand

August 28, 2023
New Zealand’s economy is in the midst of a necessary, policy-induced slowdown following the strong post-pandemic recovery. With exemplary management of the pandemic, New Zealand recovered faster than most other advanced economies. This supported activity and, together with generous fiscal and monetary support, resulted in strong investment and consumption. But this came at the cost of overheating against capacity constraints exacerbated by restrictions on labor movement due to border closures, and disruptions in global supply chains.  

New Zealand: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for New Zealand

August 28, 2023
Country Report No. 2023/309  

New Zealand: Selected Issues

August 28, 2023
Country Report No. 2023/310  

How More Effective Monetary Policy Can Tame Inflation in the Caucasus and Central Asia

August 28, 2023
Addressing persistent inflation also requires tackling structural factors that are making monetary policy less effective.  

Strengthening Monetary Policy Frameworks in the Caucasus and Central Asia

August 28, 2023
Departmental Paper No 2023/006  

The Economics of Sovereign Debt, Bailouts, and the Eurozone Crisis

August 25, 2023
Working Paper No. 2023/177  

Default Risk and Transition Dynamics with Carbon Shocks

August 25, 2023
Working Paper No. 2023/174  

An Extended Quarterly Projection Model for the Central Bank of Jordan

August 25, 2023
Working Paper No. 2023/172  

Macro-Prudential Stress Test Models: A Survey

August 25, 2023
Working Paper No. 2023/173  

Macroprudential Policies and Capital Controls Over Financial Cycles

August 25, 2023
Working Paper No. 2023/171  

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