New

External Sector Report, 2020: Global Imbalances and the COVID-19 Crisis »

Source: External Sector Report, 2020 : Global Imbalances and the COVID-19 Crisis

Series: External Sector Report

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513549019

Keywords: External sector, International investment position, External sector assessment, Financial crises, Nominal effective exchange rate, ESR, develop economy, euro area, emerge market, current account balance

Produced since 2012, the IMF's annual External Sector Report analyzes global external developments and provides multilaterally consistent assessments of external positions, including current accounts, real exchange...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision and Bank Governance

Volume/Issue: 192020/236

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552187

This note presents a targeted review of selected aspects concerning the regulation and supervision of banks in Italy and their governance framework. The review was carried out as part of the 2019 Italy Financial Se...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Insurance Sector Regulation and Supervision

Volume/Issue: 192020/233

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552149

This technical note (TN) provides an update and an assessment of the supervisory framework and practices for the Italian insurance sector since the last assessment concluded in 2013. The mission conducted a target...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements

Volume/Issue: 192020/235

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552163

Keywords: Financial regulation and supervision, Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial instruments, ISCR, CR, FITD, crisis-management, DGS

The Italian financial safety net and crisis-management framework has been substantially strengthened since the 2013 FSAP. Among others, the authorities have enhanced the early intervention framework, introduced a n...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Systemic Risk Analysis and Stress Testing of the Banking and Corporate Sectors

Volume/Issue: 192020/238

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552217

The Financial Sector Assessment Program (FSAP) took place against the backdrop of an ongoing recovery of the financial system. Since the global financial crisis (GFC), financial regulation has been substantially en...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Macroprudential Policy

Volume/Issue: 192020/237

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552194

Macroprudential oversight in Italy combines local elements with the European framework. At a local level, financial stability is a shared responsibility between Banca d'Italia (BdI), which is the national central b...

New

Italy »

Source: Italy : Financial Sector Assessment Program-Technical Note-Tackling Non-Performing Assets

Volume/Issue: 192020/234

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2020

ISBN: 9781513552156

Banks' asset quality has substantially improved in recent years but remains well below European peers. Non-performing loans (NPLs) fell from 161/2 percent in 2015 to about 8.1 percent at end-June 2019, achieved mai...

New

IMF Executive Board Approves US$49.1 million in Emergency Support to Lesotho to Address the Covid-19 Pandemic »

Source: Kingdom of Lesotho : 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 the Kingdom of Lesotho

Volume/Issue: 192020/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551845

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), External sector, Expenditures, Credit, Development, Balance of payments, ISCR, CR, SACU

The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...

New

IMF Executive Board Approves US$110.4 Million in Emergency Support to The Kingdom of Eswatini to Address The COVID-19 Pandemic »

Source: Kingdom of Eswatini : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Volume/Issue: 192020/229

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551869

Keywords: Rapid Financing Instrument (RFI), Economic stabilization, Public financial management, Financial institutions, Macroprudential policies and financial stability, International reserves, ISCR, CR, Proj, pandemic

The COVID-19 pandemic is having a severe impact on Eswatini's economy at a time when the country is already facing deep economic challenges, and the government has begun fiscal consolidation efforts. A national loc...

New

The Kingdom of Eswatini:Request for Purchase Under the Rapid Financing Instrument—Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini »

Source: Kingdom of Eswatini : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Volume/Issue: 192020/229

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551869

Keywords: Rapid Financing Instrument (RFI), Economic stabilization, Public financial management, Financial institutions, Macroprudential policies and financial stability, International reserves, ISCR, CR, Proj, pandemic

The COVID-19 pandemic is having a severe impact on Eswatini's economy at a time when the country is already facing deep economic challenges, and the government has begun fiscal consolidation efforts. A national loc...

New

Kingdom of Lesotho: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument—Debt Sustainability Analysis »

Source: Kingdom of Lesotho : 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 the Kingdom of Lesotho

Volume/Issue: 192020/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551845

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), External sector, Expenditures, Credit, Development, Balance of payments, ISCR, CR, SACU

The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...

New

Kingdom of Lesotho: 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 the Kingdom of Lesotho »

Source: Kingdom of Lesotho : 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 the Kingdom of Lesotho

Volume/Issue: 192020/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551845

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), External sector, Expenditures, Credit, Development, Balance of payments, ISCR, CR, SACU

The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...

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Statement by Mr. Dumisani Hebert Mahlinza and Mr. Muayad Ismail on Eswatini July 29, 2020 »

Source: Kingdom of Eswatini : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Volume/Issue: 192020/229

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551869

Keywords: Rapid Financing Instrument (RFI), Economic stabilization, Public financial management, Financial institutions, Macroprudential policies and financial stability, International reserves, ISCR, CR, Proj, pandemic

The COVID-19 pandemic is having a severe impact on Eswatini's economy at a time when the country is already facing deep economic challenges, and the government has begun fiscal consolidation efforts. A national loc...

New

Statement by Mr. Dumisani Hebert Mahlinza and Ms. Abigail Nainda on Kingdom of Lesotho July 29, 2020 »

Source: Kingdom of Lesotho : 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 the Kingdom of Lesotho

Volume/Issue: 192020/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2020

ISBN: 9781513551845

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), External sector, Expenditures, Credit, Development, Balance of payments, ISCR, CR, SACU

The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...

New

Burundi: Request for Debt Relief Under the Catastrophe Containment and Relief Trust—Press Release; Staff Report; and Statement by the Executive Director For Burundi »

Source: Burundi : Request for Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; Staff Report; and Statement by the Executive Director for Burundi

Volume/Issue: 192020/224

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551159

Keywords: Social safety nets, Balance of payments need, Debt service, Debt relief, Balance of payments, ISCR, CR, Proj, pandemic, remittance inflow

Economic impact. COVID-19 is having an adverse economic impact on Burundi. The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment, i...

New

Can you Put a Price on That?: The Cost of Female Guilt at Work »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Déclaration de M. Mohamed-Lemine Raghani, administrateur pour la Guinée, M. Facinet Sylla, administrateur suppléant, et M. Régis N’Sonde, conseiller principal de l’administrateur pour la Guinée »

Source: Republique de Guinee : Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

Language: French

ISBN: 9781513551340

Keywords: Rapid Credit Facility (RCF), Central banks, Debt sustainability, External sector, Credit, Public financial management, ISCR, CR, RCF, percent of GDP

Guinea is being severely affected by the COVID-19 pandemic. A local outbreak is spreading rapidly, adding pressure to the fragile social context and putting a strain on the health system. Containment measures have...

New

Falling off the Ladder: Why So Few Female Economics Professors?: Why So Few Female Economics Professors? »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Good Jobs for Young People A Policy Imperative to Reduce Inequality »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Guinee: Demande de Décaissement au Titre de la Facilité de Crédit Rapide — Mise à Jour de L’analyse de Viabilité de la Dette »

Source: Republique de Guinee : Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

Language: French

ISBN: 9781513551340

Keywords: Rapid Credit Facility (RCF), Central banks, Debt sustainability, External sector, Credit, Public financial management, ISCR, CR, RCF, percent of GDP

Guinea is being severely affected by the COVID-19 pandemic. A local outbreak is spreading rapidly, adding pressure to the fragile social context and putting a strain on the health system. Containment measures have...

New

IMF Executive Board Approves US$ 7.6 Million Debt Relief to the Republic of Burundi Under the Catastrophe Containment and Relief Trust »

Source: Burundi : Request for Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; Staff Report; and Statement by the Executive Director for Burundi

Volume/Issue: 192020/224

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551159

Keywords: Social safety nets, Balance of payments need, Debt service, Debt relief, Balance of payments, ISCR, CR, Proj, pandemic, remittance inflow

Economic impact. COVID-19 is having an adverse economic impact on Burundi. The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment, i...

New

Inclusion in Economics Interview with Sole Martinez Peria »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Inequality and the Conduct of Monetary Policy »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

The Perspective from Home »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Republique de Guinee: Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée »

Source: Republique de Guinee : Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

Language: French

ISBN: 9781513551340

Keywords: Rapid Credit Facility (RCF), Central banks, Debt sustainability, External sector, Credit, Public financial management, ISCR, CR, RCF, percent of GDP

Guinea is being severely affected by the COVID-19 pandemic. A local outbreak is spreading rapidly, adding pressure to the fragile social context and putting a strain on the health system. Containment measures have...

New

Republique de Guinee: Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée »

Source: Republique de Guinee : Demande de Decaissement au Titre de la Facilite de Credit Rapide—communiqué de Presse; Rapport des Services du FMI; Mise à Jour de L’analyse de Viabilité de la Dette; et Déclaration de L’administrateur Pour la Republique de Guinée

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

Language: French

ISBN: 9781513551340

Keywords: Rapid Credit Facility (RCF), Central banks, Debt sustainability, External sector, Credit, Public financial management, ISCR, CR, RCF, percent of GDP

Guinea is being severely affected by the COVID-19 pandemic. A local outbreak is spreading rapidly, adding pressure to the fragile social context and putting a strain on the health system. Containment measures have...

New

She, Robot Women’s Employment in the Face of Automation »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

The Snowball Effect: How the Rich Get Richer »

Source: IMF Research Perspectives : Spring-Summer 2020

Volume: 22

Series: IMF Research Perspectives

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551180

Keywords: Employment, Labor markets, Income distribution, Development, Women, IRP, economics profession, inequality, automation, female worker

IMF Research Perspectives Spring-Summer 2020...

New

Statement by Mr. Dumisani Mahlinza, Executive Director for Burundi, and Mr. Tamsir Cham, Advisor to the Executive Director July 20, 2020 »

Source: Burundi : Request for Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; Staff Report; and Statement by the Executive Director for Burundi

Volume/Issue: 192020/224

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 July 2020

ISBN: 9781513551159

Keywords: Social safety nets, Balance of payments need, Debt service, Debt relief, Balance of payments, ISCR, CR, Proj, pandemic, remittance inflow

Economic impact. COVID-19 is having an adverse economic impact on Burundi. The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment, i...

New

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

Source: Senegal : First Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 192020/225

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551234

Keywords: Public financial management, External sector, Economic policy, Economic recovery, Economic conditions, ISCR, CR, Proj, DSSI, pandemic

The Covid-19 pandemic has ended a period of buoyant growth averaging about 6 1/2 percent over the last 6 years. Containment measures, lower external demand, reduced remittances, and the sudden stop of travel and to...

New

IMF Executive Board Reviews the Fund’s Income Position for FY 2020 and FY 2021–2022 »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

New

IMF Policy Paper: Review of the Fund’s Income Position for FY 2020 And FY 2021–2022 »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

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Review of the Fund’s Income Position for FY 2020 and FY 2021–2022―Supplementary Information »

Source: Review Of The Fund's Income Position For FY 2020 And FY 2021-2022

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551135

Keywords: SDR interest rates, Interest rates, Discount rates, Financial markets, Credit, PP, basis point, GRA, non-lending, investment income

This paper reviews the Fund's income position for FY 2020 and FY 2021-22. It updates the April 2019 projections and proposes decisions for the current year. The paper also includes a proposed decision to set the ma...

New

Senegal: First Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets—Press Release; Staff Report; and Statement by the Executive Director for Senegal »

Source: Senegal : First Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 192020/225

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551234

Keywords: Public financial management, External sector, Economic policy, Economic recovery, Economic conditions, ISCR, CR, Proj, DSSI, pandemic

The Covid-19 pandemic has ended a period of buoyant growth averaging about 6 1/2 percent over the last 6 years. Containment measures, lower external demand, reduced remittances, and the sudden stop of travel and to...

New

Statement by Mr. Mohamed-Lemine Raghani Executive Director for Senegal and Mr. Oumar Diakite, Advisor to Executive Director July 17, 2020 »

Source: Senegal : First Review Under the Policy Coordination Instrument and Request for Modification of Quantitative Targets-Press Release; Staff Report; and Statement by the Executive Director for Senegal

Volume/Issue: 192020/225

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513551234

Keywords: Public financial management, External sector, Economic policy, Economic recovery, Economic conditions, ISCR, CR, Proj, DSSI, pandemic

The Covid-19 pandemic has ended a period of buoyant growth averaging about 6 1/2 percent over the last 6 years. Containment measures, lower external demand, reduced remittances, and the sudden stop of travel and to...

New

Strains in Offshore US Dollar Funding during the COVID-19 Crisis »

Source: Strains in Offshore US Dollar Funding during the COVID-19 Crisis : Some Observations

Volume: 20

Series: Analytical Notes

Author(s): Adolfo Barajas , Andrea Deghi , Salih Fendoglu , and Yizhi Xu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2020

ISBN: 9781513550336

Keywords: Offshore financial centers, Offshore banking, Foreign exchange swaps, Currency swaps, US dollar, Real sector, Financial crises, Financial systems, Macroprudential policies and financial stability, Central banks

This note analyzes recent trends in offshore US dollar funding markets and explores the drivers of dollar funding costs during the COVID-19 pandemic crisis. Preliminary evidence suggests that only part of the sharp...

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Georgia »

Source: Georgia : Technical Assistance Report-Public Sector Balance Sheet and State Owned Enterprises

Volume/Issue: 192020/223

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2020

ISBN: 9781513551029

Keywords: Financial crises, Financial statements, Financial management information systems, Fiscal policy, Economic reforms, ISCR, CR, SOEs, GOGC, financial statement

Georgia's public sector balance sheet (PSBS) is in relatively healthy shape, with assets exceeding liabilities, and is comparatively lean. Looking across all entities that the government controls, including the cen...

New

Belize »

Source: Belize : Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: 192020/221

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2020

ISBN: 9781513550954

Keywords: Economic growth, Fiscal policy, Public investments, Extra budgetary funds, Financial management information systems, ISCR, CR, PSIP, PPPs, budget document

The level of public investment in Belize has varied over the past years in the context of existing constraints. The sharp increase in public debt has limited available fiscal space.1 This has resulted in an increas...

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IMF Executive Board Approves a Temporary Increase in Annual Access Limits to Financial Support »

Source: Temporary Modification to the Fund's Annual Access Limits

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2020

ISBN: 9781513550947

Keywords: Credit, Borrowing, Balance of payments need, Financial assistance, Risk management, PP, GRA, RCF, temporary increase, RFI

The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Bo...

New

Kingdom of Lesotho »

Source: Kingdom of Lesotho : Technical Assistance Report-Implementation of Basel II

Volume/Issue: 192020/222

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.;International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2020

ISBN: 9781513550992

Keywords: Financial markets, Bank liquidity, Financial institutions, Macroprudential policies and financial stability, Bank legislation, ISCR, CR, CBL, Basel II, risk-based

This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select...

New

Temporary Modification to the Fund’s Annual Access Limits »

Source: Temporary Modification to the Fund's Annual Access Limits

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2020

ISBN: 9781513550947

Keywords: Credit, Borrowing, Balance of payments need, Financial assistance, Risk management, PP, GRA, RCF, temporary increase, RFI

The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Bo...

New

Temporary Modification to the Fund’s Annual Access Limits—Supplementary Information »

Source: Temporary Modification to the Fund's Annual Access Limits

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2020

ISBN: 9781513550947

Keywords: Credit, Borrowing, Balance of payments need, Financial assistance, Risk management, PP, GRA, RCF, temporary increase, RFI

The COVID-19 pandemic has caused a uniquely severe synchronized shock across the global economy, in turn leading numerous member countries to request substantial financial assistance from the Fund. The Executive Bo...

New

Dominant Currencies and External Adjustment »

Source: Dominant Currencies and External Adjustment

Volume/Issue: 2020/5

Series: Staff Discussion Notes

Author(s): Gustavo Adler , Camila Casas , Luis Cubeddu , Gita Gopinath , Nan Li , Sergii Meleshchuk , Carolina Osorio Buitron , Damien Puy , and Yannick Timmer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2020

ISBN: 9781513512150

Keywords: Currency exchange rates, External trade, West African Economic and Monetary Union, Foreign currency exposure, Monetary statistics, Flexible exchange rates, Exchange rate pass-through, trade pricing, trade invoicing, exchange rate

The extensive use of the US dollar when firms set prices for international trade (dubbed dominant currency pricing) and in their funding (dominant currency financing) has come to the forefront of policy debate, rai...

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Zambia »

Source: Zambia : Technical Assistance Report-Report on Government Finance Statistics

Volume/Issue: 192020/220

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2020

ISBN: 9781513550640

Keywords: External sector statistics, Social security funds, Financial statistics, Public financial corporations, Social security, ISCR, CR, GFS, PFU, social security fund

In response to a request from the authorities and as part of the United Kingdom's Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a Government Finance Statis...

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Zimbabwe »

Source: Zimbabwe : Technical Assistance Report-Government Finance Statistics

Volume/Issue: 192020/219

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2020

ISBN: 9781513550602

Keywords: Financial statistics, Social security, Social security funds, Pension funds, Social welfare programs, ISCR, CR, GFS, outturn, SOEs

As part of a five-year project of the Enhanced Data Dissemination Initiative (EDDI) 2 Government Finance Statistics (GFS) Module on improving GFS and public-sector debt statistics in selected African countries, a m...

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Accounting for Cloud Computing in the National Accounts1 »

Source: Accounting for Cloud Computing in the National Accounts

Volume/Issue: 2020/127

Series: IMF Working Papers

Author(s): Andrew Baer , Kwangwon Lee , and James Tebrake

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550459

Keywords: Business services, Public services, Government services, Gross capital formation, Price indexes, cloud computing, information and communication technology, national accounts, WP, cloud compute

Digitalization and the innovative use of digital technologies is changing the way we work, learn, communicate, buy and sell products. One emerging digital technology of growing importance is cloud computing. More a...

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COVID-19 and Emerging Markets: An Epidemiological Model with International Production Networks and Capital Flows* »

Source: COVID-19 and Emerging Markets: An Epidemiological Model with International Production Networks and Capital Flows

Volume/Issue: 2020/133

Series: IMF Working Papers

Author(s): Cem Cakmakli , Selva Demiralp , Sebnem Kalemli-Ozcan , Sevcan Yesiltas , and Muhammed Yildirim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550183

Keywords: Economic conditions, Economic models, Financial crises, Supply and demand, Economic policy, COVID-19, Debt Monetisation, External Finance, SIR, Input-Output Tables

We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model. We measure sectoral supply shocks utilizing teleworking and physical job proximity, and dema...

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The Effectiveness of Borrower-Based Macroprudential Measures: A Quantitative Analysis for Slovakia »

Source: The Effectiveness of Borrower-Based Macroprudential Measures: A Quantitative Analysis for Slovakia

Volume/Issue: 2020/134

Series: IMF Working Papers

Author(s): Pavol Jur?a , Ján Klacso , Eugen Tereanu , Marco Forletta , and Marco Gross

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550503

Keywords: Financial crises, Interest rates on loans, Macroprudential policies and financial stability, Interest rates, Cost of living, Borrower-based macroprudential policy, household micro data, macro-financial linkages, WP, PDs

We develop a semi-structural quantitative framework that combines micro and macroeconomic data to assess the effectiveness of combinations of borrower-based macroprudential measures in Slovakia. We expand on the in...

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Extension of the Periods For Consent to and Payment of Quota Increases »

Source: Extension of the Periods For Consent to and Payment of Quota Increases

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550510

Keywords: Payments arrears, Accounting, PP, general review, executive board, quota, additional extension, payment

On June 18, 2020, the IMF's Executive Board approved an additional extension, for one year, of the period for members to consent to an increase in their quotas under the Fourteenth General Review of Quotas ('Fourte...

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Further Extension of Consultation Cycles Due To Covid-19 Pandemic, and Suspension of Framework To Address Excessive Delays in Article IV Consultations and Mandatory Financial Stability Assessments »

Source: Further Extension of Consultation Cycles Due To Covid-19 Pandemic, and Suspension of Framework To Address Excessive Delays in Article IV Consultations and Mandatory Financial Stability Assessments

Volume: 2020

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Legal Dept.;International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550404

Keywords: Financial sector, Development policy, Macroprudential policies and financial stability, Monetary unions, Development, PP, article IV consultation, FSAs, article IV, currency union

Notwithstanding the ongoing intensive policy dialogue with the membership during the COVID-19 pandemic, there is growing need for resuming Article IV consultations and mandatory Financial Stability Assessments (FSA...

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International Trade and Corporate Market Power* »

Source: International Trade and Corporate Market Power

Volume/Issue: 2020/131

Series: IMF Working Papers

Author(s): Jesus Gonzalez-Garcia , and Yuanchen Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550473

Keywords: Real sector, Economic policy, Economic reforms, Patterns of trade, Bilateral trade, Commodity trade, competition, developing countries, emerging markets, international trade

This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large fi...

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Measuring Social Unrest Using Media Reports »

Source: Measuring Social Unrest Using Media Reports

Volume/Issue: 2020/129

Series: IMF Working Papers

Author(s): Philip Barrett , Maximiliano Appendino , Kate Nguyen , and Jorge de Leon Miranda

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550275

Keywords: Economic policy, Economic growth, Social indicators, Economic analysis, Economic theory, Social Unrest, Protest, Media, WP, Arab uprising