What's New Archive

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

June 22, 2023
Country Report No. 2023/218  

Portugal: Selected Issues

June 22, 2023
Country Report No. 2023/219  

IMF Executive Board Concludes 2023 Article IV Consultation with Portugal

June 22, 2023
The economy sustained its dynamic recovery from the pandemic into 2022. GDP surpassed the pre-pandemic level in the first quarter and growth averaged 6.7 percent for the year—among the highest in the euro area. The momentum continued through early 2023 with growth at 2.5 percent (year-on-year) in Q1. While headline inflation peaked in late 2022, core inflation has been stickier amid limited economic slack, high profit margins and tight labor markets. Wage growth has accelerated, partly reflecting minimum wage hikes and labor shortages.  

The Gambia: Sixth Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

June 21, 2023
Country Report No. 2023/216  

IMF Executive Board Concludes the Fourth Review Under the Extended Credit Facility Arrangement with Uganda

June 21, 2023
The ECF Arrangement for Uganda for a total of SDR 722 million (200 percent of quota) or about US$1billion was approved by the Executive Board on June 28, 2021 (see Press Release 21/197), aiming to support the near-term response to the COVID-19 pandemic and boost more inclusive private sector-led long-term growth. Reforms focus on creating fiscal space for priority social spending, preserving debt sustainability, strengthening governance and reducing corruption, and enhancing the monetary and financial sector frameworks.  

Union of the Comoros: Request for a Four-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Supplement; and Statement by the Executive Director for the Union of the Comoros

June 21, 2023
Country Report No. 2023/215  

West African Economic and Monetary Union: Financial Sector Assessment Program-Technical Note on Anti-Money Laundering and Combating the Financing Terrorism (AML-CFT) Supervision of the Banking Sector

June 21, 2023
Country Report No. 2023/212  

IMF Staff Completes a Staff Visit to Albania

June 21, 2023
IMF Staff Completes a Staff Visit to Albania  

Sierra Leone: Sixth and Seventh Reviews Under the Extended Credit Facility, Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, Rephasing of Disbursements, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone

June 21, 2023
Country Report No. 2023/214  

IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia

June 20, 2023
IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia  

Canada: Staff Concluding Statement of the 2023 Article IV Mission

June 20, 2023
The Canadian economy is gradually slowing but has been more resilient than expected. After slowing sharply in Q4:2022 (albeit partly reflecting a drawdown of inventories), activity accelerated in Q1:2023 on the back of strong trade and consumption, which offset weaker investment. The economy remains in excess demand for now, with the output gap estimated at +0.4 percent.  

Inflation Dynamics in the West African Economic and Monetary Union: WAEMU

June 19, 2023
Selected Issues Paper No. 2023/038  

The Rise of Payment and Contracting Platforms

June 19, 2023
Fintech Notes No 2023/005  

Exploring Cross-Border and Domestic Payment and Contracting Platforms, Speech by Tobias Adrian

June 19, 2023
Speech by Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the Joint IMF-Bank Al-Maghrib High Level Policy Roundtable on Central Bank Digital Currencies, Rabat, Morocco  

IMF Staff Concludes Staff Visit to Oman

June 19, 2023
“Oman’s economy continues to grow, and inflation is contained at low levels. Real GDP grew by 4.3 percent in 2022, primarily driven by a strong expansion of the hydrocarbon sector. Economic growth is, however, projected to slow down to 1.3 percent in 2023 and then rebound to 2.7 percent in 2024, reflecting oil production cuts by OPEC+ and moderate growth in the non-hydrocarbon sector due to recovering but still subdued construction activity, a slowdown in global economic activity, and tighter financial conditions. Nevertheless, non-hydrocarbon growth is projected to rise to 2 percent in 2023 and 2.5 percent in 2024, from 1.2 percent in 2022. Average headline inflation eased from 2.8 percent (year-over-year) in 2022 to 1.6 percent during January-April 2023 (year-over-year), reflecting lower food inflation and a stronger US dollar.  

High-level Policy Roundtable on Central Bank Digital Currencies: The Role of the Public Sector in Money and Payments – A New Vision

June 19, 2023
The Managing Director’s Press Statement at the High-level Policy Roundtable on Central Bank Digital Currencies: The Role of the Public Sector in Money and Payments – A New Vision  

Curaçao and Sint Maarten: Report on the Financial Soundness Indicators

June 16, 2023
High Level Summary Technical Assistance Report No. 2023/005  

Central Bank Digital Currency Adoption: A Two-Sided Model

June 16, 2023
Working Paper No. 2023/127  

IMF Staff Completes 2023 Article IV Mission to Honduras

June 16, 2023
Honduras’ recovery from the pandemic and two tropical storms has been remarkable. Real GDP is now above pre-pandemic levels and inflation pressures have been gradually easing. The strong recovery began moderating at the end of 2022 driven by lower growth in key trading partners that have lowered demand for Honduran exports.  

Review of the Fund’s Income Position for FY2023 and FY2024

June 16, 2023
Policy Paper No. 2023/026  

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