What's New Archive
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June 15, 2023
Country Report No. 2023/211
June 15, 2023
Israel’s impressive economic performance continued in 2022. GDP increased 6.5 percent in 2022, led by domestic demand, with an increase in investment and consumption and with a minimal contribution from the government, as fiscal consolidation gained pace. Supported by strong economic growth and prudent fiscal policies, debt-to-GDP ratios fell to about 61 percent in 2022, down from about 71 percent during the Pandemic. Inflation remained high, at about 5 percent by end 2022, with the Central Bank of Israel following a tightening monetary policy to bring inflation rates on check. External demand was negative on net, as imports outgrew exports.
June 14, 2023
Country Report No. 2023/209
June 14, 2023
Country Report No. 2023/210
June 14, 2023
Suriname’s 36-month EFF arrangement was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400 ), for SDR 472.8 million (366.8 percent of quota). The objective of the program is to support the authorities’ economic recovery plan to restore fiscal and debt sustainability, protect the vulnerable by expanding social protection, upgrade the monetary and exchange rate policy framework, strengthen the financial system, and advance the anti-corruption and governance agenda.
June 14, 2023
Introductory Remarks by IMF Deputy Managing Director Bo Li at Global Conference on the G20 Data Gaps Initiative 3 (DGI-3) Panel Discussion: Digitally Driven Financial Innovation
June 14, 2023
Policy Paper No. 2023/024
June 14, 2023
“Kazakhstan’s economy and financial sector have remained resilient in recent months. In 2022, high oil prices supported Kazakhstan’s fiscal and external accounts, while strong non-oil revenue collections contributed to a reduction in the non-oil fiscal balance. For 2023, GDP growth is projected to accelerate to 4.8 percent (from 3.3 percent in 2022), driven by strong activity particularly in the non-oil sector. Inflation, while still elevated, is declining, reflecting a large base effect, lower food prices, exchange rate appreciation, and the impact of recent monetary policy tightening. Considering the increasing domestic fuel and utility tariffs, strong economic activity, and growing government spending, it should ease gradually to about 12 percent for 2023 (against 20 percent at the end of 2022). Lower international oil and metal prices should lead to a weaker external position and reduced oil fiscal revenues this year.
June 13, 2023
Selected Issues Paper No. 2023/039
June 13, 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 private 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. Following significant monetary policy tightening, the economy is now slowing, but significant and persistent labor market constraints and the large positive output gap have kept inflation high. Labor market conditions remain extremely tight with record high labor force participation and historically low unemployment and underemployment rates. This has put upward pressure on wages, particularly in the services and construction sectors.
June 13, 2023
Country Report No. 2023/206
June 13, 2023
Country Report No. 2023/207
June 13, 2023
Ladies, gentlemen, and distinguished guests Welcome to the IMF, and welcome to the G20 Data Gaps Initiative Global Conference. Let me start today by taking a step back to think about why data matters in our current context. The Data Gaps Initiative was launched in 2009 by the G20 Finance Ministers and Central Bank Governors to close data gaps that were identified in the wake of the global financial crisis.
June 13, 2023
Country Report No. 2023/205
June 13, 2023
June 12, 2023
The Executive Board of the International Monetary Fund (IMF) completed the first review under the Stand-By Arrangement (SBA) with Armenia. The completion of the review enables access of SDR 18.4 million (about US$24.5 million), bringing total access to SDR 36.8 million (about US$49 million). The SBA was approved by the IMF’s Board on December 12, 2022 (see Press Release No. 22/429). The Armenian authorities continue to treat the arrangement as precautionary. The Executive Board’s decision on the first review was taken without a meeting.
June 12, 2023
The ECF arrangement for the Gambia was approved by the IMF’s Executive Board on March 23, 2020, with an initial total access of SDR 35 million (or 56.3 percent of quota). Access under the ECF arrangement was augmented twice, at the completion of the first ECF review in January 2021 and at the completion of the fifth ECF review in December 2022. The Gambia has also benefited from an IMF Rapid Credit Facility of SDR 15.55 million and received debt service relief from the IMF under the Catastrophe Containment and Relief Trust, totaling SDR 7.9 million.
June 12, 2023
Country Report No. 2023/204
June 12, 2023
The success of reforms hinges on achieving a stable political and security environment and developing institutional capacity.
June 12, 2023
Republic of Lithuania: Staff Concluding Statement of the 2023 Article IV Mission
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