What's New Archive

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Kuwait: Staff Concluding Statement of the 2023 Article IV Mission

June 5 , 2023
Benefiting from high oil production and prices, Kuwait’s economic recovery continues. Inflation has been contained, while the fiscal and external balances have strengthened, and financial stability has been maintained. The dominance of oil in the economy, coupled with global decarbonization trends, necessitates fiscal reforms to reinforce sustainability, and structural reforms to boost non-oil private sector-led growth. Political gridlock between the government and Parliament has hindered reform progress, which could be made now from a position of strength.  

Opening Remarks at “Policymaking in Choppy Waters: Fostering Resilience in Central, Eastern, and Southeastern Europe”

June 2 , 2023
Good Morning! Thank you to Prime Minister Plenkovic and Governor Vujcic for the kind invitation, and to all of you for joining us at this third Croatian National Bank-IMF conference. It is a pleasure to come to Dubrovnik, a city I admired well before its Game of Thrones fame. Our conference is so appropriately hosted here, a place that offers refuge from stormy waters.  

Macroprudential Policy and Bank Systemic Risk: Does Inflation Targeting Matter?

June 2 , 2023
Working Paper No. 2023/119  

The Distributional and Fiscal Implications of Public Utility Pricing

June 2 , 2023
Working Paper No. 2023/118  

FY2024-FY2026 Medium-Term Budget

June 2 , 2023
Policy Paper No. 2023/023  

Quasi-Fiscal Implications of Central Bank Crisis Interventions

June 2 , 2023
Working Paper No. 2023/114  

Fiscal Anatomy of Two Crises and an Interlude

June 2 , 2023
Working Paper No. 2023/117  

Measuring Multinational Production with Foreign Direct Investment Statistics: Recent Trends, Challenges, and Developments

June 2 , 2023
Working Paper No. 2023/113  

Quasi-Fiscal Implications of Central Bank Crisis Interventions: Case Studies

June 2 , 2023
Working Paper No. 2023/115  

Cars and the Green Transition: Challenges and Opportunities for European Workers

June 2 , 2023
Working Paper No. 2023/116  

Benin: Technical Assistance Report-Governance Diagnostic

June 2 , 2023
Country Report No. 2023/191  

CNB and IMF Conference "Policymaking in Choppy Waters: Fostering Resilience in Central Eastern and South-Eastern Europe" Starts Today

June 2 , 2023
The conference "Policymaking in Choppy Waters: Fostering Resilience in Central Eastern and Southeastern Europe (CESEE)," organized jointly by the Croatian National Bank (CNB) and the International Monetary Fund (IMF), started today in Dubrovnik. This is the third time the CNB and the IMF have teamed up to co-host such a conference.  

Expecting the Unexpected: Strengthening Fiscal Risk Management in the Middle East and North Africa

June 2 , 2023

Malaysia: 2023 Article IV Consultation-Press Release and Staff Report

June 1 , 2023
Country Report No. 2023/185  

IMF Executive Board Concludes 2023 Article IV Consultation with Malaysia

June 1 , 2023
Malaysia registered a strong post-pandemic recovery in 2022. Its strong macroeconomic policy frameworks, including a track record of fiscal prudence and a credible monetary policy framework, have served the country well. Growth reached 8.7 percent in 2022 driven by pent-up domestic demand following the reopening of the economy in April 2022 and strong export performance. However, the recovery remains uneven, with agriculture, mining, and particularly construction sectors remaining below pre-pandemic levels, and inequality has risen during COVID-19. While costly and untargeted spending on subsidies, the highest in Malaysia’s history, helped suppress inflationary pressures, inflation remained broad-based and elevated at 3.4 percent for the year, despite recent signs of moderation. Inflation expectations, however, remained well anchored.  

IMF Executive Board Approves US$43 Million Extended Credit Facility Arrangement for the Union of the Comoros

June 1 , 2023
Successive external shocks in recent years have exacerbated already fragile economic conditions in Comoros. The surge in global commodity prices and transportation costs during 2022 severely impacted households’ purchasing powers in this import-dependent island economy and substantially worsened the fiscal outlook. These shocks have coincided with increased fiscal and debt service needs, as well as the expiration of pandemic-era support and retrenchment in international aid, which have significantly tightened financing constraints.  

Statement by IMF Deputy Managing Director Kenji Okamura at the Conclusion of His Visit to Sri Lanka

June 1 , 2023
Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Colombo at the conclusion of his visit to Sri Lanka, which followed the approval on March 20, 2023, by the IMF Executive Board of 48-Month arrangements of about US$ 3 billion under the Extended Fund Facility (EFF) with Sri Lanka  

Michele Ruta on Discriminatory Regionalism

June 1 , 2023
As rising geopolitical tensions chip away at globalization, will a more fragmented world mean stronger regional pacts? Economist Michele Ruta says the trend toward strengthening ties with friends and loosening them with non-friends is making regional trade less about integration and more about discrimination.  

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

June 1 , 2023
Country Report No. 2023/189  

Republic of Poland: Selected Issues

June 1 , 2023
Country Report No. 2023/190  

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