What's New Archive

Page: 82 of 210977787980818283848586

Household Vulnerabilities, Financial Stability, and the Role of Policies in Portugal

July 11, 2023
Selected Issues Paper No. 2023/046  

Labor Market and Digitalization in Portugal

July 11, 2023
Selected Issues Paper No. 2023/047  

Optimal Fiscal Path Considerations: Portugal

July 11, 2023
Selected Issues Paper No. 2023/045  

Managing Director’s Opening Remarks: 2023 Michel Camdessus Central Banking Lecture

July 11, 2023
Fast forward to today, we are still faced with tremendous challenges. Russia’s invasion of Ukraine threw cold water on the global recovery from the Covid crisis and the combined impact of these two exogenous shocks translates into both slow growth and high inflation.  

IMF Executive Board Concluded 2023 Article IV Consultation with The Kingdom of Bahrain

July 11, 2023
Bahrain experienced strong growth in 2022, in line with other Gulf Cooperation Council countries. Continued fiscal reform momentum and high oil prices improved fiscal and external balances. The economy grew by 4.9 percent in 2022, driven by 6.2 percent growth in non-hydrocarbon GDP while hydrocarbon GDP contracted by 1.4 percent. Non-hydrocarbon growth was driven by public, financial, and hospitality services and manufacturing. CPI inflation accelerated from -0.6 percent, on average, in 2021 to 3.6 percent in 2022. With the economic recovery well under way, ongoing fiscal reforms, and higher oil prices, the state budget deficit declined significantly, narrowing to 1.2 percent of GDP in 2022, from 6.4 percent in 2021, while the overall fiscal deficit declined from 11 to 6.1 percent of GDP. Government debt declined to 117.6 percent of GDP in 2022 from 127.1 percent of GDP in 2021. The current account improved markedly and posted its largest surplus in decades, estimated at 15.4 percent of GDP in 2022, up from 6.6 percent of GDP surplus in 2021. The banking system remains resilient with ample buffers and has so far withstood the phasing out of COVID measures and tightening financial conditions.  

The contribution of capital flows to sustainable growth in emerging markets

July 11, 2023
2023 Michel Camdessus Central Banking Lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the International Monetary Fund.  

United Kingdom’s Long-Run Prosperity Hinges on Ambitious Reforms

July 11, 2023
Reforms could bolster productive potential and ensure the country remains a global innovation leader.  

United Kingdom: Selected Issues

July 11, 2023
Country Report No. 2023/253  

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

July 11, 2023
Country Report No. 2023/252  

IMF Executive Board Concludes 2023 Article IV Consultation with the United Kingdom

July 11, 2023
The post-pandemic recovery was disrupted by the sharp energy price shock due to Russia’s war in Ukraine; labor force participation has declined, mainly on account of rising long-term illness; and large policy rate increases—needed to arrest high and sticky inflation—have tightened financial conditions. Market stress following the September 2022 'mini-budget' has dissipated in the context of a successful financial stability intervention by the Bank of England and two prudent budgets. Post-Brexit uncertainty has declined thanks to the Windsor Framework.  

2023 Michel Camdessus Central Banking Lecture

July 11, 2023

Inflation in Portugal: Recent Trends, Drivers, and Risks

July 10, 2023
Selected Issues Paper No. 2023/044  

Cameroon: Fourth Reviews Under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

July 10, 2023
Country Report No. 2023/251  

How to Accelerate Economic Growth in the Caucasus and Central Asia

July 10, 2023
Since independence in the early 1990s, income levels and living standards in the Caucasus and Central Asia (CCA) have improved but remain well below the levels of emerging Europe. In the medium-term, reforms can increase output in the region by 5 to 7 percent.  

Republic of the Marshall Islands: Concluding Statement of the 2023 Article IV Consultation Mission

July 9 , 2023
The Republic of the Marshall Islands (RMI) is recovering after COVID-induced lockdowns in FY2020-21 and a contraction in the fisheries sector in FY2022. Real gross domestic product (GDP) declined by 4.5 percent in FY2022, reflecting the sale of a fishing vessel by a domestic operator, which significantly reduced fishery production. Excluding the sector, real GDP expanded by 4.2 percent, signaling a recovery in domestic demand was underway, though its strength was diminished by the temporary re-imposition of lockdowns in August 2022 as well as supply chain disruptions. Inflation picked up in 2H 2022 due to higher food and fuel prices and supply chain issues, reaching 6 percent by September 2022. As a result of these developments, and a decline in COVID-related grants, the current account surplus narrowed from 22.6 percent of GDP in FY2021 to 8.2 percent in FY2022.  

Senegal: Requests for an Extended Arrangement Under the Extended Fund Facility, an Arrangement Under the Extended Credit Facility, and an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Senegal

July 7 , 2023
Country Report No. 2023/250  

Residential Property Price Developments and (Mis)alignments in Cyprus

July 7 , 2023
Selected Issues Paper No. 2023/043  

Causes and Implications of Elevated Inflation in Cyprus

July 7 , 2023
Selected Issues Paper No. 2023/042  

The Anatomy of Monetary Policy Transmission in an Emerging Market

July 7 , 2023
Working Paper No. 2023/146  

Raising Rates with a Large Balance Sheet: The Eurosystem’s Net Income and its Fiscal Implications

July 7 , 2023
Working Paper No. 2023/145  

Page: 82 of 210977787980818283848586