What's New Archive
Extension of the Periods for Consent to and Payment of Quota Increases
July 7 , 2023
Policy Paper No. 2023/032
Chile: Technical Assistance Report-Fiscal Considerations in Managing Stabilization Funds
July 7 , 2023
Country Report No. 2023/249
Ukraine: First Review under the Extended Arrangement under the Extended Fund Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Ukraine
July 7 , 2023
Country Report No. 2023/248
India’s Financial System: Building the Foundation for Strong and Sustainable Growth
IMF Executive Board Completes the Second Review under the Extended Credit Facility Arrangement for the Republic of Mozambique
July 6 , 2023
The Executive Board of the International Monetary Fund (IMF) completed the Second Review under the three-year ECF arrangement for Mozambique. This allows for the immediate disbursement of SDR 45.44 million (about US$ 60.6 million), usable for budget support, bringing Mozambique’s total disbursements under the ECF arrangement to SDR 159.04 million (about US$ 212.09 million).
Ruud De Mooij on Taxing Crypto
July 6 , 2023
Since their inception in 2008, the contentious rise of crypto assets has been dramatic. Their market value has been as high as $3 trillion and about $50 million is transacted in crypto every day. But what does this brave new world of cryptographically-protected distributed ledgers mean for traditional tax systems? Ruud De Mooij is Deputy Director of the IMF Fiscal Affairs Department and heads its work on taxation. In this podcast, De Mooij says finding ways to tax crypto will mean significant revenue gains for governments and lead to a fairer global tax system.
Central African Economic and Monetary Community: Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director
July 5 , 2023
Country Report No. 2023/245
Dominica: Selected Issues
July 5 , 2023
Country Report No. 2023/247
Dominica: 2023 Article IV Consultation-Press Release; and Staff Report for Dominica
July 5 , 2023
Country Report No. 2023/246
IMF Executive Board Concludes 2023 Article IV Consultation with Dominica
July 5 , 2023
The Dominican economy is recovering strongly following the pandemic. Real GDP growth is estimated to have reached 6.9 percent in 2021 and 5.7 percent in 2022, driven by construction of climate-resilient infrastructure, a partial rebound in tourism, and a substantial rise in agricultural output. High global commodity prices and shipping costs pushed inflation up to an estimated 7.5 percent in 2022, despite mitigating fuel price policies. The current account deficit remained elevated, at 26 percent of GDP, due to unfavorable terms of trade, large imports of investment goods, and incomplete recovery in tourism receipts.
Democratic Republic of the Congo: Fourth Review Under the Extended Credit Facility, Request for Modification of Quantitative Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo
July 5 , 2023
Country Report No. 2023/244
IMF Executive Board Concludes the Third Review of Niger’s Extended Credit Facility Arrangement and Approves US$ 131.5 Million under the Resilience and Sustainability Facility Arrangement
July 5 , 2023
Today, the Executive Board of the International Monetary Fund (IMF) completed the Third Review of Niger’s economic and financial program supported by the Extended Credit Facility arrangement (ECF). The ECF supported program aims at buttressing macroeconomic stability while laying the foundations for stronger and more inclusive growth. The completion of this review enables the disbursement of SDR 19.74 million (about US$ 26.3 million), bringing total disbursements under the ECF to SDR 138.18 million (about US$ 184.1 million). Niger’s three-year ECF for SDR 197.4 million (about US$ 275.8 million at the time of the ECF approval or 150 percent of quota) was approved on December 8, 2021 (see PR21/366) and was extended by six months until June 7, 2025.
Republic of Serbia: 2023 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Republic of Serbia
July 5 , 2023
Country Report No. 2023/243
Barbados: First Reviews Under the Extended Fund Facility and Under the Resilience and Sustainability Facility, Requests for Modification of Performance Criteria and Reform Measures, and Rephasing of Access Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Barbados
July 5 , 2023
Country Report No. 2023/241
Taxing Cryptocurrencies
July 5 , 2023
Working Paper No. 2023/144
Seychelles Pioneers Novel Financing Instruments and Taps IMF Climate Facility
July 5 , 2023
A biodiversity hotspot, the country is pursuing an ambitious plan to finance its climate change agenda.
IMF Staff Reaches Staff-Level Agreement on US$305 million, Four Years, Extended Credit Facility with Burkina Faso
June 30, 2023
An International Monetary Fund (IMF) team led by Mr. Martin Schindler, Mission Chief for Burkina Faso, visited Ouagadougou during June 20 – 29, 2023, to discuss with the Burkinabè authorities IMF support for their policy and reform plans.
IMF Executive Board Approves an Extension of the Temporarily Higher Cumulative Access Limits under the Fund’s Emergency Financing Instruments and an Extension of the Food Shock Window
June 30, 2023
The IMF Executive Board approved on June 27, 2023 an extension of the temporarily higher Cumulative Access Limits (CALs) under the Fund’s Emergency Financing (EF) instruments, the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI). The temporarily higher cumulative access limits ensure the Fund will have the capacity to support countries in case of renewed emergency situations, in the period in which countries are still in the process of repaying emergency financing received during the pandemic.
Review of The Cumulative Access Limits Under The Rapid Financing Instrument and The Rapid Credit Facility
June 30, 2023
Policy Paper No. 2023/031
Review of Experience with The Food Shock Window Under The Rapid Financing Instrument and The Rapid Credit Facility
June 30, 2023
Policy Paper No. 2023/030