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External Financing Risks: How Important is the Composition of the International Investment Position?

External Financing Risks: How Important is the Composition of the International Investment Position? »

Source: External Financing Risks: How Important is the Composition of the International Investment Position?

Volume/Issue: 2021/020

Series: IMF Working Papers

Author(s): Luis Cubeddu , Swarnali Hannan , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513568102

Keywords: External debt, Sudden stops, Foreign currency debt, Financial crises, International reserves, international investment positions, current account, foreign reserves, sudden stops with large output loss, external crises.

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...

Fiscal Dominance in Sub-Saharan Africa Revisited

Fiscal Dominance in Sub-Saharan Africa Revisited »

Source: Fiscal Dominance in Sub-Saharan Africa Revisited

Volume/Issue: 2021/017

Series: IMF Working Papers

Author(s): John Hooley , Lam Nguyen , Mika Saito , and Shirin Nikaein Towfighian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567747

Keywords: Bank credit, Legal support in revenue administration, Government debt management, Government debt planning, Loans, Inflation, monetary policy, central bank, fiscal policy, fiscal dominance

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroe...

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery »

Source: Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Volume/Issue: 2021/016

Series: IMF Working Papers

Author(s): W. Bauer , R. Craig , José Garrido , Kenneth Kang , Kenichiro Kashiwase , Sung Jin Kim , Yan Liu , and Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513568096

Keywords: COVID-19, fiscal response, financial sector policy, corporate restructuring, insolvency frameworks

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on li...

Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing

Determinants of Pre-Pandemic Demand for the IMF's Concessional Financing »

Volume/Issue: 2021/015

Series: IMF Working Papers

Author(s): Timothy Hills , Huy Nguyen , and Randa Sab

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567778.001

ISBN: 9781513567778

Keywords: Concessional external borrowing, External debt, Factor models, Real effective exchange rates, Current account balance, Concessional financing, dynamic factor model, probit regression., WP, financing arrangement

This study focuses on identifying the main factors that influenced country-specific and aggregate demand for IMF concessional financing between 1986 and 2018 and makes within-period and out-of-period forecasts. We...

External Financing Risks: How Important is the Composition of the International Investment Position?

External Financing Risks: How Important is the Composition of the International Investment Position? »

Volume/Issue: 2021/020

Series: IMF Working Papers

Author(s): Luis Cubeddu , Swarnali Hannan , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513568102.001

ISBN: 9781513568102

Keywords: External debt, Sudden stops, Foreign currency debt, Financial crises, International reserves, international investment positions, current account, foreign reserves, sudden stops with large output loss, external crises.

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...

Fiscal Dominance in Sub-Saharan Africa Revisited

Fiscal Dominance in Sub-Saharan Africa Revisited »

Volume/Issue: 2021/017

Series: IMF Working Papers

Author(s): John Hooley , Lam Nguyen , Mika Saito , and Shirin Nikaein Towfighian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567747.001

ISBN: 9781513567747

Keywords: Bank credit, Legal support in revenue administration, Government debt management, Government debt planning, Loans, Inflation, monetary policy, central bank, fiscal policy, fiscal dominance

This paper explores the causes and consequences of fiscal dominance over monetary policy in Sub-Saharan Africa (SSA). Fiscal dominance has always been a pressing problem as it can contribute to inflation and macroe...

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Flattening the Insolvency Curve: Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery »

Volume/Issue: 2021/016

Series: IMF Working Papers

Author(s): W. Bauer , R. Craig , José Garrido , Kenneth Kang , Kenichiro Kashiwase , Sung Jin Kim , Yan Liu , and Sohrab Rafiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513568096.001

ISBN: 9781513568096

Keywords: COVID-19, fiscal response, financial sector policy, corporate restructuring, insolvency frameworks

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on li...

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants »

Volume/Issue: 2021/018

Series: IMF Working Papers

Author(s): Davide Furceri , Michael Ganslmeier , Jonathan Ostry , and Naihan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567013.001

ISBN: 9781513567013

Keywords: Population and demographics, Fiscal stimulus, COVID-19 , Health, Labor market regulations, Recession, Resilience, WALS, BMA, Model-Averaging.

While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging t...

Is Regional Trade Integration a Growth and Convergence Engine in Africa?

Is Regional Trade Integration a Growth and Convergence Engine in Africa? »

Volume/Issue: 2021/019

Series: IMF Working Papers

Author(s): Vigninou Gammadigbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567716.001

ISBN: 9781513567716

Keywords: Regional integration, Trade integration, Personal income, Economic integration, Plurilateral trade, economic growth, income convergence, Africa, WP, trade intensity

The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data o...

Social Repercussions of Pandemics

Social Repercussions of Pandemics »

Volume/Issue: 2021/021

Series: IMF Working Papers

Author(s): Philip Barrett , and Sophia Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

DOI: http://dx.doi.org/10.5089/9781513567723.001

ISBN: 9781513567723

Keywords: Natural disasters, COVID-19 , Health, Communicable diseases, Personal income, crisis, disasters, epidemic, social unrest, WP

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social...

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

Initial Output Losses from the Covid-19 Pandemic: Robust Determinants »

Source: Initial Output Losses from the Covid-19 Pandemic: Robust Determinants

Volume/Issue: 2021/018

Series: IMF Working Papers

Author(s): Davide Furceri , Michael Ganslmeier , Jonathan Ostry , and Naihan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567013

Keywords: Population and demographics, Fiscal stimulus, COVID-19 , Health, Labor market regulations, Recession, Resilience, WALS, BMA, Model-Averaging.

While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging t...

Is Regional Trade Integration a Growth and Convergence Engine in Africa?

Is Regional Trade Integration a Growth and Convergence Engine in Africa? »

Source: Is Regional Trade Integration a Growth and Convergence Engine in Africa?

Volume/Issue: 2021/019

Series: IMF Working Papers

Author(s): Vigninou Gammadigbe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567716

Keywords: Regional integration, Trade integration, Personal income, Economic integration, Plurilateral trade, economic growth, income convergence, Africa, WP, trade intensity

The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data o...

Social Repercussions of Pandemics1

Social Repercussions of Pandemics1 »

Source: Social Repercussions of Pandemics

Volume/Issue: 2021/021

Series: IMF Working Papers

Author(s): Philip Barrett , and Sophia Chen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513567723

Keywords: Natural disasters, COVID-19 , Health, Communicable diseases, Personal income, crisis, disasters, epidemic, social unrest, WP

Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social...

The Bahamas: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Bahamas

The Bahamas: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Bahamas »

Source: The Bahamas : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

The Bahamas: Staff Report for the 2020 Article IV Consultation—Informational Annex

The Bahamas: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: The Bahamas : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

The Gambia: First Review Under The Extended Credit Facility Arrangement, Financing Assurances Review, And Request For Augmentation Of Access And A Waiver Of Nonobservance Of A Performance Criterion— Debt Sustainability Analysis

The Gambia: First Review Under The Extended Credit Facility Arrangement, Financing Assurances Review, And Request For Augmentation Of Access And A Waiver Of Nonobservance Of A Performance Criterion— Debt Sustainability Analysis »

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

Volume/Issue: 2021/025

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567983

Keywords: Public debt, Debt service, COVID-19 , External debt, Budget planning and preparation, ISCR, CR, monetary policy stance, authorities well, Executive Board discussion

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid C...

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

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

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

Volume/Issue: 2021/025

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567983

Keywords: Public debt, Debt service, COVID-19 , External debt, Budget planning and preparation, ISCR, CR, monetary policy stance, authorities well, Executive Board discussion

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid C...

IMF Executive Board Approves a SDR 258.4 Million Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument to Myanmar to Address the COVID-19 Pandemic

IMF Executive Board Approves a SDR 258.4 Million Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument to Myanmar to Address the COVID-19 Pandemic »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

IMF Executive Board Completes First Review under the Extended Credit Facility Arrangement for The Gambia, and Approves US$28.8 Million Disbursement

IMF Executive Board Completes First Review under the Extended Credit Facility Arrangement for The Gambia, and Approves US$28.8 Million Disbursement »

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

Volume/Issue: 2021/025

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567983

Keywords: Public debt, Debt service, COVID-19 , External debt, Budget planning and preparation, ISCR, CR, monetary policy stance, authorities well, Executive Board discussion

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid C...

IMF Executive Board Concludes 2020 Article IV Consultation with The Bahamas

IMF Executive Board Concludes 2020 Article IV Consultation with The Bahamas »

Source: The Bahamas : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

Myanmar
			: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

DOI: http://dx.doi.org/10.5089/9781513567587.002

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

The Bahamas
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

The Bahamas : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas »

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

DOI: http://dx.doi.org/10.5089/9781513567839.002

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

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

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

Volume/Issue: 2021/025

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

DOI: http://dx.doi.org/10.5089/9781513567983.002

ISBN: 9781513567983

Keywords: Public debt, Debt service, COVID-19 , External debt, Budget planning and preparation, ISCR, CR, monetary policy stance, authorities well, Executive Board discussion

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid C...

Myanmar: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Debt Sustainability Analysis1

Myanmar: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Debt Sustainability Analysis1 »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

Myanmar: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Myanmar: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

Statement by Alisara Mahasandana, Executive Director for Myanmar; and Min Han Soe, Advisor to Executive Director January 12, 2021

Statement by Alisara Mahasandana, Executive Director for Myanmar; and Min Han Soe, Advisor to Executive Director January 12, 2021 »

Source: Myanmar : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

Statement by Louise Levonian, Executive Director for The Bahamas and Latoya Smith, Senior Advisor to the Executive Director January 22, 2021

Statement by Louise Levonian, Executive Director for The Bahamas and Latoya Smith, Senior Advisor to the Executive Director January 22, 2021 »

Source: The Bahamas : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for The Bahamas

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Western Hemisphere Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

Statement by Ms. Ita Mary Mannathoko and Mr. Tamsir Cham on The Gambia January 15, 2021

Statement by Ms. Ita Mary Mannathoko and Mr. Tamsir Cham on The Gambia January 15, 2021 »

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

Volume/Issue: 2021/025

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567983

Keywords: Public debt, Debt service, COVID-19 , External debt, Budget planning and preparation, ISCR, CR, monetary policy stance, authorities well, Executive Board discussion

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid C...

Côte D’Ivoire: Septieme et Huitieme Revues de L’Accord au Titre de la Facilite Elargie de Credit et de L’Accord Elargi au Titre du Mecanisme Elargi de Credit, Demande de Derogations Pour Inobservation de Criteres de Realisation et Proposition de Suivi Postprogramme — Analyse de Viabilité de la Dette

Côte D’Ivoire: Septieme et Huitieme Revues de L’Accord au Titre de la Facilite Elargie de Credit et de L’Accord Elargi au Titre du Mecanisme Elargi de Credit, Demande de Derogations Pour Inobservation de Criteres de Realisation et Proposition de Suivi Postprogramme — Analyse de Viabilité de la Dette »

Source: Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Côte D’Ivoire: Septième et Huitième Revues de L’accord au Titre de la Facilité Élargie de Crédit et de L’Accord Élargi au Titre du Mécanisme Élargi de Crédit, Demande de Dérogations Pour Non-observation de Critères de Réalisation et Proposition de Suivi Postprogramme

Côte D’Ivoire: Septième et Huitième Revues de L’accord au Titre de la Facilité Élargie de Crédit et de L’Accord Élargi au Titre du Mécanisme Élargi de Crédit, Demande de Dérogations Pour Non-observation de Critères de Réalisation et Proposition de Suivi Postprogramme »

Source: Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Côte D’Ivoire: Septieme et Huitieme Revues de L’Accord au Titre de la Facilite Elargie de Credit et de L’Accord Elargi au Titre Du Mecanisme Elargi de Credit, Demande de Derogations Pour Non-Observation de Criteres de Realisation et Proposition de Suivi Postprogramme — Informations Supplémentaires

Côte D’Ivoire: Septieme et Huitieme Revues de L’Accord au Titre de la Facilite Elargie de Credit et de L’Accord Elargi au Titre Du Mecanisme Elargi de Credit, Demande de Derogations Pour Non-Observation de Criteres de Realisation et Proposition de Suivi Postprogramme — Informations Supplémentaires »

Source: Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Déclaration de M. Aivo Andrianarivelo, administrateur pour la Côte d’Ivoire, et de M. Marcellin Koffi Alle, conseiller principal de l’administrateur 9 décembre 2020

Déclaration de M. Aivo Andrianarivelo, administrateur pour la Côte d’Ivoire, et de M. Marcellin Koffi Alle, conseiller principal de l’administrateur 9 décembre 2020 »

Source: Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Cote d'Ivoire
			: Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire »

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513567945.002

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Le Conseil d’administration du FMI achève les dernières revues des accords de la facilité élargie de crédit et du mécanisme élargi de crédit en faveur de la Côte d’lvoire

Le Conseil d’administration du FMI achève les dernières revues des accords de la facilité élargie de crédit et du mécanisme élargi de crédit en faveur de la Côte d’lvoire »

Source: Cote d'Ivoire : Seventh and Eighth Reviews under the Extended Credit Facility Arrangement and the Extended Arrangement under the Extended Fund Facility, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

Volume/Issue: 2020/321

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2021

Language: French

ISBN: 9781513567945

Keywords: Public debt, External debt, Revenue administration, Credit, Debt sustainability, ISCR, CR, EFF arrangement, revenue setback, summary debt service table

Prior to the COVID crisis, Côte d'Ivoire had established a strong track record of economic policies, although domestic revenue mobilization has disappointed. The authorities reacted swiftly to the pandemic, support...

Senegal
			: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report »

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513567693.002

ISBN: 9781513567693

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Mali
			: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report »

Volume/Issue: 2021/003

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513567662.002

ISBN: 9781513567662

Keywords: Debt service, Debt relief, Public debt, COVID-19 , Health care, ISCR, CR, IMF lending tracker, tranche of debt service relief, eligible debt service

The COVID-19 pandemic and the August 2020 coup d'état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to...

Le Conseil d’Administration du FMI Achève la Deuxième Revue du Programme du Sénégal Appuyé par l’Instrument de Coordination de la Politique Économique

Le Conseil d’Administration du FMI Achève la Deuxième Revue du Programme du Sénégal Appuyé par l’Instrument de Coordination de la Politique Économique »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

ISBN: 9781513567693

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Le conseil d’administration du FMI prolonge de six mois supplémentaires I’allégement immédiat du service de la dette du Mali

Le conseil d’administration du FMI prolonge de six mois supplémentaires I’allégement immédiat du service de la dette du Mali »

Source: Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

Volume/Issue: 2021/003

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

ISBN: 9781513567662

Keywords: Debt service, Debt relief, Public debt, COVID-19 , Health care, ISCR, CR, IMF lending tracker, tranche of debt service relief, eligible debt service

The COVID-19 pandemic and the August 2020 coup d'état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to...

Mali: Demande de la Deuxième Tranche de L’Allègement du Service de la Dette au Titre du Fonds Fiduciaire D’Assistance et de Riposte Aux Catastrophes—Communiqué de Presse et Rapport des Services du FMI

Mali: Demande de la Deuxième Tranche de L’Allègement du Service de la Dette au Titre du Fonds Fiduciaire D’Assistance et de Riposte Aux Catastrophes—Communiqué de Presse et Rapport des Services du FMI »

Source: Mali : Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

Volume/Issue: 2021/003

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

ISBN: 9781513567662

Keywords: Debt service, Debt relief, Public debt, COVID-19 , Health care, ISCR, CR, IMF lending tracker, tranche of debt service relief, eligible debt service

The COVID-19 pandemic and the August 2020 coup d'état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to...

Senegal: Deuxième Revue du Programme Appuyé par L’Instrument de Coordination de la Politique Économique et Demande de Modification D’Objectifs Quantitatifs — Mise à Jour de L’Analyse de la Viabilité de la Dettel

Senegal: Deuxième Revue du Programme Appuyé par L’Instrument de Coordination de la Politique Économique et Demande de Modification D’Objectifs Quantitatifs — Mise à Jour de L’Analyse de la Viabilité de la Dettel »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

ISBN: 9781513567693

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Senegal: Seconde Revue du Programme Appuyé par L’Instrument de Coordination de la Politique Économique et Demande de Modification D’Objectifs Quantitatifs— Communique de Presse et Rapport des Services du FMI

Senegal: Seconde Revue du Programme Appuyé par L’Instrument de Coordination de la Politique Économique et Demande de Modification D’Objectifs Quantitatifs— Communique de Presse et Rapport des Services du FMI »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 January 2021

Language: French

ISBN: 9781513567693

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Central African Economic and Monetary Community: Staff Report on the Common Policies in Support of Member Countries Reform Programs—Press Release; Staff Report; and Statement by the Executive Director the Central African Economic and Monetary Community

Central African Economic and Monetary Community: Staff Report on the Common Policies in Support of Member Countries Reform Programs—Press Release; Staff Report; and Statement by the Executive Director the Central African Economic and Monetary Community »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Central African Economic and Monetary Community: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs—Informational Annex

Central African Economic and Monetary Community: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs—Informational Annex »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Déclaration de M. Andrianarivelo, M. Sylla, Mme Boukpessi et M. Carvalho da Silveira sur la Guinée Réunion du conseil d’administration 9 décembre 2020

Déclaration de M. Andrianarivelo, M. Sylla, Mme Boukpessi et M. Carvalho da Silveira sur la Guinée Réunion du conseil d’administration 9 décembre 2020 »

Source: Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Examen des Assurances de Financement et Demande de Dérogations Pour Non-observation de Critères de Réalisation — Communiqué de Presse, Rapport des Services du FMI, Analyse de Viabilité de la Dette, Supplément des Services du FMI Et Déclaration de L’administrateur Pour la Guinée

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Examen des Assurances de Financement et Demande de Dérogations Pour Non-observation de Critères de Réalisation — Communiqué de Presse, Rapport des Services du FMI, Analyse de Viabilité de la Dette, Supplément des Services du FMI Et Déclaration de L’administrateur Pour la Guinée »

Source: Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Revue des Assurances de Financement et Demande de Dérogations Pour Non-observation de Critères de Réalisation — Informations Supplémentaires, Proposition de Décision Révisée et Lettre D’information Supplémentaire

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Revue des Assurances de Financement et Demande de Dérogations Pour Non-observation de Critères de Réalisation — Informations Supplémentaires, Proposition de Décision Révisée et Lettre D’information Supplémentaire »

Source: Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Revue des Assurances de Financement et Demande de Dérogations Pour Non-observation des Critères de Réalisation — Analyse de Viabilité de la Dette

Guinée: Cinquième et Sixième Revues de L’accord au Titre de la Facilité Élargie de Crédit, Revue des Assurances de Financement et Demande de Dérogations Pour Non-observation des Critères de Réalisation — Analyse de Viabilité de la Dette »

Source: Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies, and Common Policies in Support of Member Countries Reform Programs

IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies, and Common Policies in Support of Member Countries Reform Programs »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Central African Economic and Monetary Community (CEMAC)
			: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community »

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

DOI: http://dx.doi.org/10.5089/9781513567136.002

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Guinea
			: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

DOI: http://dx.doi.org/10.5089/9781513567174.002

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain

We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain »

Volume/Issue: 2021/013

Series: IMF Working Papers

Author(s): Alan Feng , and Haishi Li

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

DOI: http://dx.doi.org/10.5089/9781513564586.001

ISBN: 9781513564586

Keywords: Climate change, Stock markets, Foreign currency exposure, Financial sector, Natural disasters, climate risk, financial spillover, supply chain, financial stability, WP

Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our...

Unconventional Monetary Policies in Emerging Markets and Frontier Countries

Unconventional Monetary Policies in Emerging Markets and Frontier Countries »

Volume/Issue: 2021/014

Series: IMF Working Papers

Author(s): Chiara Fratto , Brendan Harnoys Vannier , Borislava Mircheva , David de Padua , and Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

DOI: http://dx.doi.org/10.5089/9781513567211.001

ISBN: 9781513567211

Keywords: Sovereign bonds, Bond yields, Yield curve, Securities, Exchange rates, Unconventional monetary policy, emerging markets, COVID-19, local currency bond markets., WP

The COVID-19 crisis induced an unprecedented launch of unconventional monetary policy through asset purchase programs (APPs) by emerging market and developing economies. This paper presents a new dataset of APP ann...

Le conseil d’administration du FMI achève les cinquième et sixième revues de l’accord au titre de la facilité élargie de crédit et approuve un décaissement de 49 millions de dollars en faveur de la Guinée

Le conseil d’administration du FMI achève les cinquième et sixième revues de l’accord au titre de la facilité élargie de crédit et approuve un décaissement de 49 millions de dollars en faveur de la Guinée »

Source: Guinea : Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 2020/316

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

Language: French

ISBN: 9781513567174

Keywords: Public debt, External debt, Revenue administration, Debt relief, Expenditure, ISCR, CR, Guinean authorities, asset declaration form, asset declaration regime

Real growth is expected to reach 5.2 percent in 2020 as the severe impact of the pandemic in the country was partially mitigated by a resilient mining sector. Presidential elections were held on October 18, giving...

Statement by Mr. Aivo Andrianarivelo, Executive Director for the Central African Economic and Monetary Community (CEMAC), Mr. Regis N’Sonde, Alternative Executive Director, and Mr. Thierry Nguema-Affane, Senior Advisor to the Executive Director January 12, 2021

Statement by Mr. Aivo Andrianarivelo, Executive Director for the Central African Economic and Monetary Community (CEMAC), Mr. Regis N’Sonde, Alternative Executive Director, and Mr. Thierry Nguema-Affane, Senior Advisor to the Executive Director January 12, 2021 »

Source: Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director for the Central African Economic and Monetary Community

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Unconventional Monetary Policies in Emerging Markets and Frontier Countries

Unconventional Monetary Policies in Emerging Markets and Frontier Countries »

Source: Unconventional Monetary Policies in Emerging Markets and Frontier Countries

Volume/Issue: 2021/014

Series: IMF Working Papers

Author(s): Chiara Fratto , Brendan Harnoys Vannier , Borislava Mircheva , David de Padua , and Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567211

Keywords: Sovereign bonds, Bond yields, Yield curve, Securities, Exchange rates, Unconventional monetary policy, emerging markets, COVID-19, local currency bond markets., WP

The COVID-19 crisis induced an unprecedented launch of unconventional monetary policy through asset purchase programs (APPs) by emerging market and developing economies. This paper presents a new dataset of APP ann...

We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain

We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain »

Source: We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk through International Trade and Supply Chain

Volume/Issue: 2021/013

Series: IMF Working Papers

Author(s): Alan Feng , and Haishi Li

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513564586

Keywords: Climate change, Stock markets, Foreign currency exposure, Financial sector, Natural disasters, climate risk, financial spillover, supply chain, financial stability, WP

Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our...

Cabo Verde

Cabo Verde »

Source: Cabo Verde : Request for an Extension of the Program Under the Policy Coordination Instrument

Volume/Issue: 2021/019

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567068

Keywords: COVID-19 , Fiscal reporting, External debt, Revenue administration, Public debt, ISCR, CR, monetary policy transmission mechanism, Cabo Verde's Policy Coordination Instrument, reform targets

Cabo Verde's Policy Coordination Instrument (PCI) is due to expire on January 15, 2021. In the attached letter, the authorities request its extension through March 31, 2021. Cabo Verde's 18-month PCI was approved b...

IMF Executive Board Concludes 2020 Article IV Consultation with Israel

IMF Executive Board Concludes 2020 Article IV Consultation with Israel »

Source: Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Cabo Verde
			: Request for an Extension of the Program Under the Policy Coordination Instrument

Cabo Verde : Request for an Extension of the Program Under the Policy Coordination Instrument »

Volume/Issue: 2021/019

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

DOI: http://dx.doi.org/10.5089/9781513567068.002

ISBN: 9781513567068

Keywords: COVID-19 , Fiscal reporting, External debt, Revenue administration, Public debt, ISCR, CR, monetary policy transmission mechanism, Cabo Verde's Policy Coordination Instrument, reform targets

Cabo Verde's Policy Coordination Instrument (PCI) is due to expire on January 15, 2021. In the attached letter, the authorities request its extension through March 31, 2021. Cabo Verde's 18-month PCI was approved b...

Israel
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel »

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

DOI: http://dx.doi.org/10.5089/9781513567099.002

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Israel: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Israel

Israel: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Israel »

Source: Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Israel: Staff Report for the 2020 Article IV Consultation—Informational Annex

Israel: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Statement by Mr. Anthony De Lannoy, Alternate Excutive Director and Mr. Shay Tsur, Senior Advisor to the Executive Director on Israel January 19, 2021

Statement by Mr. Anthony De Lannoy, Alternate Excutive Director and Mr. Shay Tsur, Senior Advisor to the Executive Director on Israel January 19, 2021 »

Source: Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Statement by the Staff Representative on Israel January 19, 2021

Statement by the Staff Representative on Israel January 19, 2021 »

Source: Israel : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

Volume/Issue: 2021/020

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2021

ISBN: 9781513567099

Keywords: COVID-19 , Public investment and public-private partnerships (PPP), Fiscal policy, Loans, Fiscal space, ISCR, CR, vaccination pace, Medium-term risk, vaccination campaign

The economic impact of the COVID-19 pandemic is unprecedented. Israel's economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high,...

Angola: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance—Press Release; Staff Report; and Statement by the Executive Director for Angola

Angola: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance—Press Release; Staff Report; and Statement by the Executive Director for Angola »

Source: Angola : Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola

Volume/Issue: 2021/017

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566979

Keywords: Public debt, External debt, Oil prices, Exchange rates, Debt service, ISCR, CR, national bank of Angola, revenue gain, expenditure restraint

While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in tha...

Benin: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Debt Sustainability Analysis

Benin: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Debt Sustainability Analysis »

Source: Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin

Volume/Issue: 2021/014

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566856

Keywords: Public debt, COVID-19 , External debt, Revenue administration, Debt sustainability, ISCR, CR, IMF emergency support, IMF lending tracker, emergency financing request

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless,...

Benin: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Press Release; and Staff Report; and Statement by the Executive Director for Benin

Benin: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Press Release; and Staff Report; and Statement by the Executive Director for Benin »

Source: Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin

Volume/Issue: 2021/014

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566856

Keywords: Public debt, COVID-19 , External debt, Revenue administration, Debt sustainability, ISCR, CR, IMF emergency support, IMF lending tracker, emergency financing request

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless,...

France: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for France

France: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for France »

Source: France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

France: Selected Issues

France: Selected Issues »

Source: France : Selected Issues

Volume/Issue: 2021/016

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566917

Keywords: Greenhouse gas emissions, Productivity, Carbon tax, Solvency, Renewable energy, ISCR, CR, EU Green deal, EU greenhouse gases, zombie firm

Selected Issues...

France: Selected Issues

France: Selected Issues »

Source: France : Selected Issues

Volume/Issue: 2021/016

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566917

Keywords: Greenhouse gas emissions, Productivity, Carbon tax, Solvency, Renewable energy, ISCR, CR, EU Green deal, EU greenhouse gases, zombie firm

Selected Issues...

France: Staff Report for the 2020 Article IV Consultation—Informational Annex

France: Staff Report for the 2020 Article IV Consultation—Informational Annex »

Source: France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

France: Staff Report for the 2020 Article IV Consultation—Supplementary Information

France: Staff Report for the 2020 Article IV Consultation—Supplementary Information »

Source: France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

IMF Executive Board Approves a US$ 177.96 Million in Emergency Assistance for Benin to Address the COVID-19 Pandemic

IMF Executive Board Approves a US$ 177.96 Million in Emergency Assistance for Benin to Address the COVID-19 Pandemic »

Source: Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin

Volume/Issue: 2021/014

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566856

Keywords: Public debt, COVID-19 , External debt, Revenue administration, Debt sustainability, ISCR, CR, IMF emergency support, IMF lending tracker, emergency financing request

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless,...

IMF Executive Board Completes Fourth Review of the Extended Fund Facility Arrangement for Angola, and Approves US$ 487.5 Million Disbursement

IMF Executive Board Completes Fourth Review of the Extended Fund Facility Arrangement for Angola, and Approves US$ 487.5 Million Disbursement »

Source: Angola : Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola

Volume/Issue: 2021/017

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566979

Keywords: Public debt, External debt, Oil prices, Exchange rates, Debt service, ISCR, CR, national bank of Angola, revenue gain, expenditure restraint

While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in tha...

IMF Executive Board Completes Second Review Under the Policy Coordination Instrument for Senegal

IMF Executive Board Completes Second Review Under the Policy Coordination Instrument for Senegal »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513567020

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

IMF Executive Board Concludes 2020 Article IV Consultation with France

IMF Executive Board Concludes 2020 Article IV Consultation with France »

Source: France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

IMF Executive Board Concludes 2020 Article IV Consultation with Germany

IMF Executive Board Concludes 2020 Article IV Consultation with Germany »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Angola
			: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola

Angola : Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola »

Volume/Issue: 2021/017

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566979.002

ISBN: 9781513566979

Keywords: Public debt, External debt, Oil prices, Exchange rates, Debt service, ISCR, CR, national bank of Angola, revenue gain, expenditure restraint

While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in tha...

Benin
			: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin

Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin »

Volume/Issue: 2021/014

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566856.002

ISBN: 9781513566856

Keywords: Public debt, COVID-19 , External debt, Revenue administration, Debt sustainability, ISCR, CR, IMF emergency support, IMF lending tracker, emergency financing request

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless,...

France
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France »

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566894.002

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

France
			: Selected Issues

France : Selected Issues »

Volume/Issue: 2021/016

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566917.002

ISBN: 9781513566917

Keywords: Greenhouse gas emissions, Productivity, Carbon tax, Solvency, Renewable energy, ISCR, CR, EU Green deal, EU greenhouse gases, zombie firm

Selected Issues...

Germany
			: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany »

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513566733.002

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Senegal
			: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report »

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

DOI: http://dx.doi.org/10.5089/9781513567020.002

ISBN: 9781513567020

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets—Debt Sustainability Analysis Update1

Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets—Debt Sustainability Analysis Update1 »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513567020

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets—Press Release; and Staff Report

Senegal: Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets—Press Release; and Staff Report »

Source: Senegal : Second Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; and Staff Report

Volume/Issue: 2021/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513567020

Keywords: Public debt, COVID-19 , Budget planning and preparation, Debt sustainability analysis, Debt relief, ISCR, CR, monetary policy support, hydrocarbon GDP, budget execution transparency

Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe. Strong fiscal and monetary policy support has helped bolster the health system and cushion the economic shock, wi...

Statement by Ita Mary Mannathoko, Executive Director for Angola and Jorge Essuvi, Advisor to Executive Director January 11, 2021

Statement by Ita Mary Mannathoko, Executive Director for Angola and Jorge Essuvi, Advisor to Executive Director January 11, 2021 »

Source: Angola : Fourth Review Under the Extended Arrangement Under the Extended Fund Facility and Requests for Modifications of Performance Criteria and Waivers for Performance Criteria Applicability and Nonobservance-Press Release; Staff Report; and Statement by the Executive Director for Angola

Volume/Issue: 2021/017

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566979

Keywords: Public debt, External debt, Oil prices, Exchange rates, Debt service, ISCR, CR, national bank of Angola, revenue gain, expenditure restraint

While improving, the economic outlook remains highly challenging, given the slow and uncertain recovery from the COVID-related shocks. Heavily dependent on oil, the Angolan economy has suffered from weakness in tha...

Statement by Mr. Andrianarivelo, Executive Director for Benin Mr. Sylla, Alternate Executive Director, Mr. Nguema-Affane, Senior Advisor to the Executive Director and Mrs. Boukpessi, Advisor to the Executive Director December 21, 2020

Statement by Mr. Andrianarivelo, Executive Director for Benin Mr. Sylla, Alternate Executive Director, Mr. Nguema-Affane, Senior Advisor to the Executive Director and Mrs. Boukpessi, Advisor to the Executive Director December 21, 2020 »

Source: Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin

Volume/Issue: 2021/014

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566856

Keywords: Public debt, COVID-19 , External debt, Revenue administration, Debt sustainability, ISCR, CR, IMF emergency support, IMF lending tracker, emergency financing request

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless,...

Statement by Mr. Buissé and Mr. Rozan on France January 13, 2021

Statement by Mr. Buissé and Mr. Rozan on France January 13, 2021 »

Source: France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

Volume/Issue: 2021/015

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566894

Keywords: Labor, Loans, Financial crises, Public debt, COVID-19 , ISCR, CR, Banque de France, COVID infection, HCSF recommendation

France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large...

Statement by Mr. von Kleist, Executive Director for Germany, Mr. Merk, Alternate Executive Director and Mr. Buetzer, Senior Advisor January 13, 2021

Statement by Mr. von Kleist, Executive Director for Germany, Mr. Merk, Alternate Executive Director and Mr. Buetzer, Senior Advisor January 13, 2021 »

Source: Germany : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs »

Source: Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

Volume/Issue: 2021/010

Series: IMF Working Papers

Author(s): Zefeng Chen , Sanaa Nadeem , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566832

Keywords: Income inequality, Foreign direct investment, Capital flows, Remittances, Income, Financial statements, Exchange rates, Foreign assets, Real exchange rates, Foreign exchange

In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler a...

Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy »

Source: Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

Volume/Issue: 2021/012

Series: IMF Working Papers

Author(s): Carine Meyimdjui , and Jean-Louis Combes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566887

Keywords: Household consumption, Commodity price shocks, Government consumption, Exchange rate arrangements, Expenditure, Import Food Price Shocks, Fiscal Policy., WP, government consumption expenditure, government transfer

This paper studies whether fiscal policy plays a stabilizing role in the context of import food price shocks. More precisely, the paper assesses whether fiscal policy dampens the adverse effect of import food price...

People's Republic of China
			: Selected Issues

People's Republic of China : Selected Issues »

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566528.002

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs

Bank Balance Sheets and External Shocks in Asia: The Role of FXI, MPMs and CFMs »

Volume/Issue: 2021/010

Series: IMF Working Papers

Author(s): Zefeng Chen , Sanaa Nadeem , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566832.001

ISBN: 9781513566832

Keywords: Income inequality, Foreign direct investment, Capital flows, Remittances, Income, Financial statements, Exchange rates, Foreign assets, Real exchange rates, Foreign exchange

In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets comprise large gross FX assets and liabilities. This paper extends the DSGE model of Gertler a...

Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy

Food Price Shocks and Household Consumption in Developing Countries: The Role of Fiscal Policy »

Volume/Issue: 2021/012

Series: IMF Working Papers

Author(s): Carine Meyimdjui , and Jean-Louis Combes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566887.001

ISBN: 9781513566887

Keywords: Household consumption, Commodity price shocks, Government consumption, Exchange rate arrangements, Expenditure, Import Food Price Shocks, Fiscal Policy., WP, government consumption expenditure, government transfer

This paper studies whether fiscal policy plays a stabilizing role in the context of import food price shocks. More precisely, the paper assesses whether fiscal policy dampens the adverse effect of import food price...

Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries

Is There Money on the Table? Evidence on the Magnitude of Profit Shifting in the Extractive Industries »

Volume/Issue: 2021/009

Series: IMF Working Papers

Author(s): Sebastian Beer , and Dan Devlin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566801.001

ISBN: 9781513566801

Keywords: Corporate income tax, Tax avoidance, Transfer pricing rules, Mining sector, Natural resources, International Corporate Taxation, Multinational Firms, Mining, Petroleum, Profit Shifting

Profit shifting remains a key concern in international tax system debate, but discussions are largely based on aggregate estimates, with less attention paid to individual sectors. Drawing on a novel dataset, we qua...

Pandemics and Automation: Will the Lost Jobs Come Back?

Pandemics and Automation: Will the Lost Jobs Come Back? »

Volume/Issue: 2021/011

Series: IMF Working Papers

Author(s): Tahsin Saadi Sedik , and Jiae Yoo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566849.001

ISBN: 9781513566849

Keywords: Robotics, COVID-19 , Income inequality, Automation, Communicable diseases, Pandemics, Robots, Inequality., WP, pandemic event

COVID-19 has exacerbated concerns about the rise of the robots and other automation technologies. This paper analyzes empirically the impact of past major pandemics on robot adoption and inequality. First, we find...

Revisiting the Stabilization Role of Public Banks: Public Debt Matters

Revisiting the Stabilization Role of Public Banks: Public Debt Matters »

Volume/Issue: 2021/007

Series: IMF Working Papers

Author(s): H. Elif Ture

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566788.001

ISBN: 9781513566788

Keywords: State-owned banks, Bank credit, Public debt, Loans, Global financial crisis of 2008-2009, Public banks, countercyclical lending, economic stabilization, high public debt, WP

This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this role. During the global financial crisis (GFC), public banks were widely used to counter the priv...

The Role of E-Government in Promoting Foreign Direct Investment Inflows

The Role of E-Government in Promoting Foreign Direct Investment Inflows »

Volume/Issue: 2021/008

Series: IMF Working Papers

Author(s): Ali Al-Sadiq

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

DOI: http://dx.doi.org/10.5089/9781513566795.001

ISBN: 9781513566795

Keywords: Foreign direct investment, Public employment, Corruption, Logit models, Infrastructure, E-government, Developing Countries, WP, FDI inflow, E-government service

The outbreak of the COVID-19 pandemic has helped accelerate the digitization of public services. The lockdown initiated by most governments to curb the spread of the coronavirus forced most public agencies to switc...