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...

New

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

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

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

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

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

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...

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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...

New

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...

New

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...

New

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...

New

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...

New

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

We present a new index of social unrest based on counts of relevant media reports. The index consists of individual monthly time series for 130 countries, available with almost no lag, and can be easily and transp...

New

Patterns in Invoicing Currency in Global Trade1 »

Source: Patterns in Invoicing Currency in Global Trade

Volume/Issue: 2020/126

Series: IMF Working Papers

Author(s): Emine Boz , Camila Casas , Georgios Georgiadis , Gita Gopinath , Helena Le Mezo , Arnaud Mehl , and Tra Nguyen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550435

Keywords: International monetary system, Exchange rate policy, Balance of payments, Economic policy, Central banks, invoicing currency of trade, dominant currency paradigm, exchange rate pass-through, WP, share of export

This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other curre...

New

Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users »

Source: Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users

Volume/Issue: 2020/130

Series: IMF Working Papers

Author(s): Miguel Alves , Sage De Clerck , and Juliana Gamboa-Arbelaez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550466

Keywords: External sector, Financial crises, Financial statements, Economic conditions, Central banking and monetary issues, Assets, balance sheet, converting financial statements, liabilities, mineral and energy resources

This paper provides an overview of the Public Sector Balance Sheet (PSBS) Database, a dataset developed in the context of the October 2018 Fiscal Monitor. The dataset provides a comprehensive picture of public weal...

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Remittances in Russia and Caucasus and Central Asia: the Gravity Model »

Source: Remittances in Russia and Caucasus and Central Asia: the Gravity Model

Volume/Issue: 2020/128

Series: IMF Working Papers

Author(s): Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2020

ISBN: 9781513550206

Keywords: Foreign direct investment, Oil exporting countries, Inward remittances, Outward remittances, Exchange rate depreciation, international remittances, migration, gravity model, WP, receive country

Remitances are an important source of external financing in low- and middle-income countries. This paper uses the gravity model to analyze remittance flows in Russia and Caucasus and Central Asia (CCA) countries. S...

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Guinea : Request for Disbursement Under the Rapid Credit Facility—Debt Sustainability Analysis Update »

Source: Guinea : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2020

ISBN: 9781513550305

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...

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Guinea : Request for Disbursement Under the Rapid Credit Facility—Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Source: Guinea : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2020

ISBN: 9781513550305

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...

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IMF Executive Board Approves US$148 Million Disbursement to Guinea to address the COVID-19 Pandemic »

Source: Guinea : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2020

ISBN: 9781513550305

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...

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Statement by Mr. Mohamed-Lemine Raghani, Executive Director for Guinea, Mr. Facinet Sylla, Alternate Executive Director and Mr. Regis N’Sonde, Senior Advisor to the Executive Director on Guinea June 19, 2020 »

Source: Guinea : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

Volume/Issue: 192020/218

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 July 2020

ISBN: 9781513550305

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...

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Reexamining the National Savings-Investment Nexus Across Time and Countries1 »

Source: Reexamining the National Savings-Investment Nexus Across Time and Countries

Volume/Issue: 2020/124

Series: IMF Working Papers

Author(s): Antonio David , Carlos Eduardo Gonçalves , and Alejandro Werner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2020

ISBN: 9781513548579

Keywords: Business cycles, Financial crises, Domestic savings, Development, Private savings, Feldstein-Horioka Puzzle, Investment, Savings, Causality, WP

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH) unveiled 40 years ago. We argue that an interpretation of this correlation based on market fail...

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Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States »

Source: Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States

Volume/Issue: 2020/125

Series: IMF Working Papers

Author(s): Sophia Chen , Deniz Igan , Nicola Pierri , and Andrea Presbitero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2020

ISBN: 9781513549644

Keywords: Energy prices, Labor force participation, Economic analysis, Economic recovery, Electric power, COVID-19, Mitigation policies, Pandemic, Electricity, Labor market

We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienc...

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Statement by The Managing Director on the Work Program of The Executive Board »

Source: Statement by The Managing Director on the Work Program of The Executive Board : June 11, 2020

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 July 2020

ISBN: 9781513549781

Keywords: External sector, Financial sector development, Regional economics, Financial markets, Macroprudential policies and financial stability, PP, briefing, policy response, financial development, DSSI

The COVID 19 crisis continues to take a heavy human and economic toll. The outlook remains highly uncertain as many countries are facing the economic fallout of the pandemic. This has led to an unprecedented surge...

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A Conceptual Model for the Integrated Policy Framework1 »

Source: A Conceptual Model for the Integrated Policy Framework

Volume/Issue: 2020/121

Series: IMF Working Papers

Author(s): Suman Basu , Emine Boz , Gita Gopinath , Francisco Roch , and Filiz Unsal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 July 2020

ISBN: 9781513549729

Keywords: Exchange markets, Foreign exchange reserves, Capital controls, Central banks, Foreign exchange intervention, exchange rate flexibility, monetary policy, macroprudential regulation, WP, capital control

In the Mundell-Fleming framework, standard monetary policy and exchange rate flexibility fully insulate economies from shocks. However, that framework abstracts from many real world imperfections, and countries oft...