What's New Archive

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Iceland: Financial Sector Assessment Program-Technical Note on Anti-Money Laundering/Combating the Financing of Terrorism

July 28, 2023
Country Report No. 2023/277  

Iceland: Financial Sector Assessment Program-Technical Note on Detailed Assessment on Basel Core Principles for Effective Banking Supervision

July 28, 2023
Country Report No. 2023/283  

Iceland: Financial Sector Assessment Program-Technical Note on Cyber and Operational Resilience, Supervision and Oversight

July 28, 2023
Country Report No. 2023/280  

Iceland: Financial Sector Assessment Program-Technical Note on Pension Fund Regulation and Supervision

July 28, 2023
Country Report No. 2023/282  

Iceland: Financial Sector Assessment Program-Technical Note on Stress Testing and Systemic Risk Analysis

July 28, 2023
Country Report No. 2023/276  

Iceland: Financial Sector Assessment Program-Technical Note on Macroprudential Policy

July 28, 2023
Country Report No. 2023/279  

IMF Executive Board Discussed First Review under Malawi’s Staff-Monitored Program with Executive Board Involvement

July 28, 2023
The Executive Board of the International Monetary Fund (IMF) discussed the first review of the Staff-Monitored Program with Executive Board Involvement (PMB) for Malawi. Malawi has been affected by a series of shocks— including an outbreak of cholera and Cyclone Freddy, which caused significant loss of life and damage to infrastructure—since the approval of the PMB on November 11, 2022.  

IMF staff and the Argentine Authorities Reach Staff-Level Agreement on the Combined Fifth and Sixth Reviews of the Extended Fund Facility Arrangement

July 28, 2023
• The Argentine authorities and IMF staff have reached staff-level agreement on the combined fifth and sixth reviews under Argentina’s 30-month Extended Fund Facility (EFF) arrangement. The agreement is subject to the continued implementation of agreed policy actions and approval by the IMF Executive Board, which is expected to meet in the second half of August. Upon completion of the fifth and sixth reviews, Argentina will have access of about US$7.5 billion. The next review is expected to take place in November.  

Republic of Estonia: 2023 Article IV Consultation-Press Release; and Staff Report

July 28, 2023
Country Report No. 2023/275  

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

July 28, 2023
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia and endorsed the staff appraisal on a lapse-of-time basis without a meeting.  

Kingdom of the Netherlands-Curaçao and Sint Maarten: 2023 Article IV Consultation Discussions-Press Release; and Staff Report

July 28, 2023
Country Report No. 2023/285  

IMF Executive Board Concludes 2023 Article IV Consultation Discussions with the Kingdom of the Netherlands—Curaçao and Sint Maarten

July 28, 2023
Context. Curaçao and Sint Maarten continue to recover from major shocks. Both countries have had two years of robust growth driven by a strong rebound of tourism, although the benefits of recovery have not reached all sectors. The recovery in tourist arrivals was among the fastest in the Caribbean and the current outcomes are above the pre-pandemic levels. Sint Maarten has further to go to reach levels seen before hurricane Irma in 2017. Similar to other countries, Curaçao experienced a strong bout of inflation, which affected the vulnerable. The international reserves of the monetary union of Curaçao and Sint Maarten remain at a comfortable level despite the elevated external current account deficit, which was due in part to higher import prices. The banking system remains well-capitalized and liquid.  

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

July 27, 2023
Country Report No. 2023/286  

IMF Executive Board Concludes 2023 Article IV Consultation with Canada

July 27, 2023
The Canadian economy is decelerating, accompanied by a sharp decline in headline inflation. But, as in other similar countries, core inflation has been stickier, and short-term expectations remain elevated against the background of still-tight labor markets. Meanwhile, the financial system appears broadly resilient, despite global banking stresses and ongoing mortgage resets at higher interest rates, and the housing market is rebounding again, partly reflecting the substantial increase in immigration.  

Kingdom of the Netherlands—Aruba: 2023 Article IV Consultation Discussions-Press Release; and Staff Report

July 27, 2023
Country Report No. 2023/284  

IMF Executive Board Concludes 2023 Article IV Consultation with the Kingdom of the Netherland—Aruba

July 27, 2023
Economic activity rebounded strongly. Real GDP grew by 27.6 percent in 2021 and further expanded by 7.3 percent in 2022, reinforced by the recovery of tourist arrivals following the lifting of the restrictions introduced during the pandemic. Inflation has moderated and was 4.9 percent in April, driven by imported energy and food prices and the increases of electricity and water tariffs in August 2022. The unemployment rate decreased to 6.6 percent by June 2022 and appears to have fallen further in subsequent months. The banking sector remains well-capitalized, liquid, and profitable. Banks have been lending at a slow pace in 2022 which picked up in early 2023. The strong tourism recovery contributed to further improving the external and fiscal positions. Public debt has declined.  

IMF Staff Concludes Visit to Nepal

July 27, 2023
IMF Staff Concludes Visit to Nepal  

Annual Report on Exchange Arrangements and Exchange Restrictions 2022

July 26, 2023

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

July 26, 2023
Country Report No. 2023/272  

IMF Executive Board Concludes 2023 Article IV Consultation with Norway

July 26, 2023
On July 24, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation19F21F with Norway and endorsed the staff appraisal without a meeting. 22F Norway grew strongly in 2022 but the pace of output growth receded somewhat this year. Record-high energy and food prices together with much higher interest rates put pressure on households’ purchasing power.  

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