Browse

You are looking at 1 - 100 of 2,789 items :

  • Type: Books and Journals x
  • Banks and Banking x
Clear All Modify Search
Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

New
Implementation Plan in Response to the Board-Endorsed Recommendations from the IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

DOI: http://dx.doi.org/10.5089/9781513545424.007

ISBN: 9781513545424

Keywords: Negative interest rates, Monetary policy, Central banks, Exchange policy, Central bank policy, PP, proposed action, IEO, spillover, playbook

This Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity and financial markets. The actions in the plan and their ti...

COVID-19: The Regulatory and Supervisory Implications for the Banking Sector
			: A Joint IMF-World Bank Staff Position Note

New
COVID-19: The Regulatory and Supervisory Implications for the Banking Sector : A Joint IMF-World Bank Staff Position Note »

Series: Miscellaneous Publication (Other)

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 May 2020

DOI: http://dx.doi.org/10.5089/9781513545059.073

ISBN: 9781513545059

Keywords: Real sector, Financial markets, Financial institutions, Financial services, Macroprudential policies and financial stability, MISC PUBS, real economy, policy response, countercyclical, borrower

This joint IMF-World Bank note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 pandemic and offers an overview of measures taken across juri...

Guinea
			: Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea

New
Guinea : Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2020/111

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513544694.002

ISBN: 9781513544694

Keywords: Extended Credit Facility, Social safety nets, Credit, Public financial management, Development, External debt, ISCR, CR, ECF, percent of GDP

Real growth is expected at 5.8 percent in 2020, supported by rebounding mining production and investment-led construction activity. Legislative elections and a referendum for a new constitution will be held in Marc...

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

New
Seychelles : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Seychelles »

Volume/Issue: 192020/170

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2020

DOI: http://dx.doi.org/10.5089/9781513544748.002

ISBN: 9781513544748

Keywords: Rapid Financing Instrument (RFI), Financial and Monetary Sector, Flexible exchange rate policy, Fiscal policy, External sector, Central banks, ISCR, CR, Proj, percent of GDP

In recent years, economic growth has been robust and inflation low, while the external and fiscal positions have improved. These hard-won gains, supported by three successive Fund financial programs, followed by th...

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

New
Jamaica : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Jamaica »

Volume/Issue: 192020/167

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2020

DOI: http://dx.doi.org/10.5089/9781513544441.002

ISBN: 9781513544441

Keywords: Rapid Financing Instrument (RFI), Balance of payments, Economic conditions, Financial institutions, Financial systems, Central banks, ISCR, CR, Jamaican authority, pandemic

The COVID-19 shock hit Jamaica only a few months after the successful completion of its precautionary Stand-By Arrangement with the Fund, which was underpinned by strong ownership and civil society oversight. Jamai...

Malawi
			: Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Malawi

New
Malawi : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Malawi »

Volume/Issue: 192020/168

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2020

DOI: http://dx.doi.org/10.5089/9781513544472.002

ISBN: 9781513544472

Keywords: Rapid Credit Facility (RCF), Balance of payments, Public financial management, Balance of payments need, Credit, Debt sustainability, ISCR, CR, development partner, percent of GDP

The COVID-19 pandemic is having a severe impact on Malawi's economy. Spillovers from the global slowdown, border closures, and economic disruption in neighboring countries have reduced exports, raised trade transit...

Montenegro
			: Technical Assistance Report-Report on External Sector Statistics Mission

New
Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission »

Volume/Issue: 192020/166

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2020

DOI: http://dx.doi.org/10.5089/9781513544304.002

ISBN: 9781513544304

Keywords: Monetary statistics, Financial statistics, Balance of payments, Interest rates on loans, Exchange rate policy, ISCR, CR, IIP, CBM, RDT

The International Monetary Fund (IMF)'s Statistics Department (STA) conducted a technical assistance (TA) mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics (E...

Republic of Belarus
			: Technical Assistance Report-Monetary Policy Modeling

New
Republic of Belarus : Technical Assistance Report-Monetary Policy Modeling »

Volume/Issue: 192020/162

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2020

DOI: http://dx.doi.org/10.5089/9781513544168.002

ISBN: 9781513544168

Keywords: Central bank operations, Bank rates, Interest rates, Monetary policy, Central banks, ISCR, CR, QPM, policy meet, NTF

The National Bank of the Republic of Belarus (NBRB) is reforming its monetary policy framework in line with recommendations of past IMF TA missions and its Road Map for Transitioning to Inflation Targeting with the...

Democratic Republic of São Tomé And Príncipe
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé And Príncipe

New
Democratic Republic of São Tomé And Príncipe : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé And Príncipe »

Volume/Issue: 2020/139

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781513543901.002

ISBN: 9781513543901

Keywords: Rapid Credit Facility (RCF), External sector, Balance of payments, Debt service, Credit, Debt relief, ISCR, CR, percent of GDP, Proj

The COVID-19 pandemic is taking a heavy toll on São Tomé and Príncipe. Tourist arrivals came to an abrupt halt in mid-March, externally financed projects are being delayed, and international supply-chains are disru...

Chile
			: Technical Assistance Report-Central Bank Services to Non-bank Financial Institutions

New
Chile : Technical Assistance Report-Central Bank Services to Non-bank Financial Institutions »

Volume/Issue: 192020/160

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

DOI: http://dx.doi.org/10.5089/9781513543604.002

ISBN: 9781513543604

Keywords: Financial crises, Central banks, Macroprudential policies and financial stability, Central bank operations, Financial markets, ISCR, CR, CUs, broker-dealers, ELA

The BCCh is considering broadening access to its services beyond commercial banks and some Financial Market Infrastructures (FMIs). The services include settlement accounts, intra-day liquidity, standing deposit an...

Burkina Faso
			: Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

New
Burkina Faso : Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso »

Volume/Issue: 2020/130

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513543369.002

ISBN: 9781513543369

Keywords: Rapid Credit Facility (RCF), Extended Credit Facility, Credit, Balance of payments need, Debt sustainability, Fiscal policy, Development, ISCR, CR, disbursement

Burkina Faso is facing a security crisis and the COVID-19 pandemic shocks. The number of internally displaced persons (IDPs) has surged nine-fold since January 2019 and is likely to further increase. Access to food...

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

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

Volume/Issue: 2020/155

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2020

DOI: http://dx.doi.org/10.5089/9781513543253.002

ISBN: 9781513543253

Keywords: Rapid Credit Facility (RCF), Development, Macroprudential policies and financial stability, Credit, Unemployment, Public debt, ISCR, CR, percent of GDP, Proj

The COVID-19 pandemic is having a severe impact on Nepal's economy. During recent months, remittances have fallen considerably, tourist arrivals collapsed, and domestic activity has taken a hit amidst social distan...

Republic of Kenya
			: Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kenya

New
Republic of Kenya : Request for Disbursement under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Kenya »

Volume/Issue: 2020/156

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2020

DOI: http://dx.doi.org/10.5089/9781513543284.002

ISBN: 9781513543284

Keywords: Rapid Credit Facility (RCF), Balance of payments, Credit, Central banks, Economic indicators, Gross domestic product, ISCR, CR, CBK, RCF

Kenya is facing a pronounced economic slowdown and an urgent balance of payments need owing to the COVID-19 pandemic. Kenya's economy was performing well prior to the global shock with accelerating growth, containe...

Mali
			: Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Mali

New
Mali : Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Mali »

Volume/Issue: 2020/153

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2020

DOI: http://dx.doi.org/10.5089/9781513543079.002

ISBN: 9781513543079

Keywords: Rapid Credit Facility (RCF), External sector, Debt service, Credit, Debt relief, Economic growth, ISCR, CR, disbursement, ECF

The COVID-19 pandemic has added to Mali's significant security and social challenges. The outbreak reached Mali relatively late, with first confirmed cases on March 24 and 293 cases (seventeen deaths) as of April 2...

Dominican Republic
			: Request for Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic

New
Dominican Republic : Request for Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Dominican Republic »

Volume/Issue: 2020/154

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2020

DOI: http://dx.doi.org/10.5089/9781513543109.002

ISBN: 9781513543109

Keywords: Rapid Financing Instrument (RFI), Reserve requirements, Financial institutions, Monetary policy, Unemployment, Economic policy, ISCR, CR, BCRD, RFI

The Dominican Republic has enjoyed a prosperous decade with high growth, low inflation, a relatively strong external position and significant gains in poverty reduction. While the economy was strong, it was highly...

Union of the Comoros
			: Request 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 Union of the Comoros

New
Union of the Comoros : Request 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 Union of the Comoros »

Volume/Issue: 2020/152

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2020

DOI: http://dx.doi.org/10.5089/9781513543048.002

ISBN: 9781513543048

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Fiscal policy, Balance of payments, Reserve requirements, Balance of payments need, Central banks, ISCR, CR, RCF

While the authorities have so far not reported any COVID-19 cases in Comoros, the pandemic's economic impact is already being felt as remittances receipts have slowed, visitor arrivals have stopped, and liquidity p...

The Federal Democratic Republic of Ethiopia
			: Requests for Purchasing under the Rapid Financing Instrument, Debt Relief under the Catastrophe Containment and Relief Trust, Rephasing of Access Under the Three-Year Arrangements under the Extended Credit Facility and the Extended Fund Facility, and Reduction of Access under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia

New
The Federal Democratic Republic of Ethiopia : Requests for Purchasing under the Rapid Financing Instrument, Debt Relief under the Catastrophe Containment and Relief Trust, Rephasing of Access Under the Three-Year Arrangements under the Extended Credit Facility and the Extended Fund Facility, and Reduction of Access under the Extended Fund Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for The Federal Democratic Republic of Ethiopia »

Volume/Issue: 2020/150

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 May 2020

DOI: http://dx.doi.org/10.5089/9781513542935.002

ISBN: 9781513542935

Keywords: Rapid Financing Instrument (RFI), Balance of payments, Debt relief, Debt service, Balance of payments need, Economic reforms, ISCR, CR, EFF, NBE

Ethiopia is facing a pronounced economic slowdown and an urgent balance of payments need owing to the COVID-19 pandemic. The economy was growing robustly prior to the pandemic, and progress under the ECF-EFF arrang...

Democratic Republic of the Congo
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo

Democratic Republic of the Congo : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo »

Volume/Issue: 2020/146

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2020

DOI: http://dx.doi.org/10.5089/9781513542737.002

ISBN: 9781513542737

Keywords: Central banks, External sector, Balance of payments, Macroprudential policies and financial stability, Credit, ISCR, CR, DRC, RCF, Congolese authority

The Democratic Republic of the Congo is suffering directly from the COVID-19 pandemic with 215 confirmed cases and 20 deaths as of April 9. The economic impact, chiefly through lower commodity prices, was being fel...

Islamic Republic of Afghanistan
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan

Islamic Republic of Afghanistan : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Afghanistan »

Volume/Issue: 2020/143

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2020

DOI: http://dx.doi.org/10.5089/9781513542591.002

ISBN: 9781513542591

Keywords: Rapid Credit Facility (RCF), External sector, Central banks, Economic reforms, Credit, Gross domestic product, ISCR, CR, domestic revenue, Proj

The COVID-19 pandemic and measures to contain it have worsened the outlook for Afghanistan's economy-already burdened by fragility, the ongoing conflict, and political uncertainty-and opened an urgent balance of pa...

Kyrgyz Republic
			: Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis

Kyrgyz Republic : Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis »

Volume/Issue: 2020/90

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2020

Language: Russian

DOI: http://dx.doi.org/10.5089/9781513542645.002

ISBN: 9781513542645

Keywords: External sector, Balance of payments, Central banks, Monetary policy, External debt, ISCR, CR, percent of GDP, Proj, finance gap

This paper discusses Kyrgyz Republic's Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility. The COVID-19 pandemic has been hitting the Kyrgyz economy very hard...

Democratic Republic of São Tomé And Príncipe
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé And Príncipe

Democratic Republic of São Tomé And Príncipe : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of São Tomé And Príncipe »

Volume/Issue: 2020/139

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2020

DOI: http://dx.doi.org/10.5089/9781513542454.002

ISBN: 9781513542454

Keywords: Rapid Credit Facility (RCF), External sector, Balance of payments, Debt service, Credit, Debt relief, ISCR, CR, percent of GDP, Proj

This paper presents São Tomé and Príncipe's Request for Disbursement Under the Rapid Credit Facility (RCF). The authorities of São Tomé and Príncipe have moved swiftly to develop a plan to address the major challen...

Islamic Republic of Mauritania
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

Islamic Republic of Mauritania : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania »

Volume/Issue: 2020/140

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2020

DOI: http://dx.doi.org/10.5089/9781513542485.002

ISBN: 9781513542485

Keywords: Rapid Credit Facility (RCF), Debt sustainability, Social safety nets, Financial and Monetary Sector, Economic conditions, External sector, ISCR, CR, primary balance, RCF

This paper focuses on the Islamic Republic of Mauritania's Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output...

Nigeria
			: Request for Purchase under the Rapid Financing Instrument -Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Nigeria : Request for Purchase under the Rapid Financing Instrument -Press Release; Staff Report; and Statement by the Executive Director for Nigeria »

Volume/Issue: 2020/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2020

DOI: http://dx.doi.org/10.5089/9781513542546.002

ISBN: 9781513542546

Keywords: Rapid Financing Instrument (RFI), Real sector, Economic recovery, Economic growth, International reserves, Oil prices, ISCR, CR, RFI, CBN

This paper presents Nigeria's Request for Purchase Under the Rapid Financing Instrument (RFI). The authorities' immediate actions to respond to the crisis are welcome. The short-term focus on fiscal accommodation w...

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

Republic of Mozambique : Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique »

Volume/Issue: 2020/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 April 2020

DOI: http://dx.doi.org/10.5089/9781513542515.002

ISBN: 9781513542515

Keywords: Rapid Credit Facility (RCF), Macroprudential policies and financial stability, Credit, External sector, Economic recovery, Central banks, ISCR, CR, megaprojects, percent of GDP

This paper discusses Republic of Mozambique's Request for Disbursement Under the Rapid Credit Facility (RCF). Mozambique is expected to be significantly affected by the coronavirus disease 2019 pandemic, dashing pr...

Implementation Plan in Response to The Board-Endorsed Recommendations From The IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies

Implementation Plan in Response to The Board-Endorsed Recommendations From The IEO Evaluation Report on IMF Advice on Unconventional Monetary Policies »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513542188.007

ISBN: 9781513542188

Keywords: Negative interest rates, Central banks, Monetary policy, Financial crises, Central bank policy, PP, proposed action, IEO, spillover, playbook

The Management Implementation Plan was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity, and financial markets. The actions in this plan and their t...

Bosnia and Herzegovina
			: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina

Bosnia and Herzegovina : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Bosnia and Herzegovina »

Volume/Issue: 2020/126

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513541754.002

ISBN: 9781513541754

Keywords: Rapid Financing Instrument (RFI), Real sector, Economic growth, Central banks, Financial crises, Balance of payments, ISCR, CR, BiH, percent of GDP

This paper presents Bosnia and Herzegovina's Request for Purchase Under the Rapid Financing Instrument (RFI). RFI is expected to help provide support for scaling up priority spending on health and social assistance...

Burkina Faso
			: Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Burkina Faso : Requests for Disbursement Under the Rapid Credit Facility and Rephasing of Access Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso »

Volume/Issue: 2020/130

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513541907.002

ISBN: 9781513541907

Keywords: Rapid Credit Facility (RCF), Extended Credit Facility, Credit, Balance of payments need, Debt sustainability, Fiscal policy, Development, ISCR, CR, disbursement

This paper discusses Burkina Faso's Requests for Disbursement Under the Rapid Credit Facility (RCF) and Rephasing of Access Under the Extended Credit Facility. The immediate challenge is to contain the spread of co...

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

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

Volume/Issue: 2020/136

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513542263.002

ISBN: 9781513542263

Keywords: Rapid Credit Facility (RCF), External sector, Credit, Public debt, External debt, Balance of payments need, ISCR, CR, RCF, primary balance

This paper presents Cabo Verde's Request for Disbursement Under the Rapid Credit Facility (RCF). Mitigating measures taken by the authorities are aimed at preventing an extensive spread of the pandemic, and helping...

Chad
			: Requests for Disbursement under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Chad

Chad : Requests for Disbursement under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Chad »

Volume/Issue: 2020/134

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513542140.002

ISBN: 9781513542140

Keywords: Rapid Credit Facility (RCF), Extended Credit Facility, External sector, Public debt, External debt, Current account deficits, Oil prices, ISCR, CR, percent of GDP

This paper presents Chad's Requests for Disbursement Under the Rapid Credit Facility, Extension of the Extended Credit Facility Arrangement, and Rephasing of Access. In response to the coronavirus disease 2019 outb...

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

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

Volume/Issue: 2020/133

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2020

DOI: http://dx.doi.org/10.5089/9781513542096.002

ISBN: 9781513542096

Keywords: Rapid Credit Facility (RCF), External sector, Debt sustainability, Expenditures, Credit, Gross domestic product, ISCR, CR, percent of GDP, RCF

This paper focuses on Maldives' Request for Disbursement Under the Rapid Credit Facility. The pandemic is inflicting significant damage, especially on tourism activity, and is expected to result in substantial weak...

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

Paraguay : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Paraguay »

Volume/Issue: 2020/127

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2020

DOI: http://dx.doi.org/10.5089/9781513541815.002

ISBN: 9781513541815

Keywords: Rapid Financing Instrument (RFI), Social safety nets, Central banks, Financial systems, Economic conditions, Health care spending, ISCR, CR, GDP, disbursement

This paper presents Paraguay's Request for Purchase Under the Rapid Financing Instrument (RFI). In March 2020, Paraguay was hit by the Covid-19 epidemic, which has created fiscal and balance of payments needs. The...

Republic of Moldova
			: Staff Report for the 2020 Request 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 Republic of Moldova

Republic of Moldova : Staff Report for the 2020 Request 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 Republic of Moldova »

Volume/Issue: 2020/129

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2020

DOI: http://dx.doi.org/10.5089/9781513541884.002

ISBN: 9781513541884

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Macroprudential policies and financial stability, Real sector, External sector, Balance of payments, Credit, ISCR, CR, NBM

This paper discusses the Republic of Moldova's IMF staff report for Request for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument. The IMF support will help finance the...

Haiti
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Haiti

Haiti : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Haiti »

Volume/Issue: 2020/121

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2020

DOI: http://dx.doi.org/10.5089/9781513541464.002

ISBN: 9781513541464

Keywords: Real sector, Central banks, Public financial management, Expenditures, Economic indicators, ISCR, CR, BRH, EDH, Proj

This 2019 Article IV Consultation discusses that driven by popular frustration with high levels of corruption and inequality, Haiti has been experiencing a protracted political crisis and prolonged civil unrest. Th...

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

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

Volume/Issue: 2020/123

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2020

DOI: http://dx.doi.org/10.5089/9781513541549.002

ISBN: 9781513541549

Keywords: Rapid Credit Facility (RCF), Central banks, External sector, Social safety nets, Balance of payments, Credit, ISCR, CR, RCF, Proj

This paper discusses Haiti's Request for Disbursement Under the Rapid Credit Facility. Coronavirus disease 2019 (COVID-19) poses a major challenge for Haiti, a country in a fragile situation with very limited healt...

Republic of Korea
			: Financial System Stability Assessment and Press Release for the Republic of Korea

Republic of Korea : Financial System Stability Assessment and Press Release for the Republic of Korea »

Volume/Issue: 2020/120

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2020

DOI: http://dx.doi.org/10.5089/9781513541433.002

ISBN: 9781513541433

Keywords: Financial markets, Financial systems, Macroprudential policies and financial stability, Financial crises, Real sector, ISCR, CR, FSS, specialized bank, e-money

This paper presents Financial System Stability Assessment (FSSA) with the Republic of Korea. The Korean authorities have continued their efforts at upgrading the prudential, legal, and supervisory framework for the...

The Gambia
			: Requests for Disbursement Under the Rapid Credit Facility and Modification of Performance Criteria Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

The Gambia : Requests for Disbursement Under the Rapid Credit Facility and Modification of Performance Criteria Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for The Gambia »

Volume/Issue: 2020/119

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2020

DOI: http://dx.doi.org/10.5089/9781513541402.002

ISBN: 9781513541402

Keywords: International reserves, External sector, Credit, Financial and Monetary Sector, Central banks, ISCR, CR, RCF, disbursement, percent of GDP

This paper presents The Gambia's Requests for Disbursement Under the Rapid Credit Facility and Modification of Performance Criteria Under the Extended Credit Facility Arrangement. The immediate challenge is to cont...

Albania
			: Request for Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Albania

Albania : Request for Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Albania »

Volume/Issue: 2020/118

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513541365.002

ISBN: 9781513541365

Keywords: Rapid Financing Instrument (RFI), External sector, Fiscal sector, Real sector, Financial markets, Balance of payments need, ISCR, CR, Albanian authority, Proj

This paper focuses on Albania's Request for Purchase Under the Rapid Financing Instrument (RFI). The RFI provides rapid financial assistance to member countries facing an urgent balance of payments need, without th...

Sierra Leone
			: 2019 Article IV Consultation, Second Review Under the Extended Credit Facility Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review

Sierra Leone : 2019 Article IV Consultation, Second Review Under the Extended Credit Facility Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review »

Volume/Issue: 2020/116

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513541273.002

ISBN: 9781513541273

Keywords: Central banks, External sector, Credit, Development, Public financial management, ISCR, CR, BSL, arrears, ECF

This paper discusses Sierra Leone's 2019 Article IV Consultation, Second Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion. Sierra Leone continued...

Sierra Leone
			: Selected Issues

Sierra Leone : Selected Issues »

Volume/Issue: 2020/117

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513541310.002

ISBN: 9781513541310

Keywords: Development policy, Central banking and monetary issues, External sector, Economic stabilization, Monetary transmission mechanism, ISCR, CR, T-bill, arrears, BSL

This Selected Issues paper on Sierra Leone shows that boosting education and its quality for all children yields substantial macroeconomic gains. While investments in the sector will take time to yield results, the...

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

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

Volume/Issue: 2020/110

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2020

DOI: http://dx.doi.org/10.5089/9781513540870.002

ISBN: 9781513540870

Keywords: Rapid Credit Facility (RCF), External sector, Credit, Energy sector, Financial sector, Economic indicators, ISCR, CR, Proj, disbursement

This paper discusses Ghana's Request for Disbursement Under the Rapid Credit Facility (RCF). Growth is slowing down, financial conditions have tightened, and the exchange rate is under pressure. This has resulted i...

Guinea
			: Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea

Guinea : Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2020/111

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2020

DOI: http://dx.doi.org/10.5089/9781513540931.002

ISBN: 9781513540931

Keywords: Extended Credit Facility, Social safety nets, Credit, Public financial management, Development, External debt, ISCR, CR, ECF, percent of GDP

This paper focuses on Guinea's Fourth Review Under the Extended Credit Facility (ECF) Arrangement, and Financing Assurances Review. While performance under the IMF-supported program remains broadly satisfactory, Gu...

Global Financial Stability Report, April 2020

Global Financial Stability Report, April 2020 »

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2020

DOI: http://dx.doi.org/10.5089/9781513529196.082

ISBN: 9781513529196

Keywords: Financial crisis, Health, Banking, Financial stability, Global Financial Stability Report, Global Financial Stability Risks, International financial stability, Macroprudential policies and financial stability, coronavirus, covid-19

The coronavirus (COVID-19) pandemic poses unprecedented health, economic, and financial stability challenges. Following the COVID-19 outbreak, the prices of risk assets collapsed and market volatility spiked, while...

The Gambia
			: First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement under the Extended Credit Facility

The Gambia : First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement under the Extended Credit Facility »

Volume/Issue: 2020/102

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2020

DOI: http://dx.doi.org/10.5089/9781513540351.002

ISBN: 9781513540351

Keywords: Central banks, Credit, External sector, International reserves, Financial and Monetary Sector, ISCR, CR, SOEs, primary balance, CBG

This paper presents The Gambia's First Review of the Staff-Monitored Program and Request for a 39-Month Arrangement Under the Extended Credit Facility (ECF). The IMF-supported program aims to help The Gambia to be...

Nepal
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nepal

Nepal : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nepal »

Volume/Issue: 2020/96

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2020

DOI: http://dx.doi.org/10.5089/9781513539751.002

ISBN: 9781513539751

Keywords: External sector, Financial statistics, Credit, Economic indicators, Economic sectors, ISCR, CR, NRB, percent of GDP, fiscal federalism

This 2020 Article IV Consultation focuses on Nepal's near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented str...

Republic of San Marino
			: 2020 Article IV Consultation-Press Release and Staff Report

Republic of San Marino : 2020 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2020/93

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2020

DOI: http://dx.doi.org/10.5089/9781513538761.002

ISBN: 9781513538761

Keywords: Financial and Monetary Sector, Financial statistics, Central banks, Monetary statistics, Fiscal sector, ISCR, CR, bank system, percent of GDP, NPL

This 2020 Article IV Consultation discusses that San Marino is now facing very significant challenges owing to the recent coronavirus disease 2019 (COVID-19) outbreak, which has taken a heavy toll on local populati...

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

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

Volume/Issue: 2020/91

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

DOI: http://dx.doi.org/10.5089/9781513538839.002

ISBN: 9781513538839

Keywords: Credit, Financial crises, Economic indicators, Gross domestic product, Financial sector, ISCR, CR, NBB, coronavirus, medium-term

This 2020 Article IV Consultation with Belgium highlights that economic activity has held up relatively well over the last year, but the outlook is clouded by unusual uncertainty and risks. The coronavirus outbreak...

Kyrgyz Republic
			: Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis

Kyrgyz Republic : Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis »

Volume/Issue: 2020/90

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2020

DOI: http://dx.doi.org/10.5089/9781513538693.002

ISBN: 9781513538693

Keywords: External sector, Balance of payments, Central banks, Monetary policy, External debt, ISCR, CR, percent of GDP, Proj, finance gap

This paper discusses Kyrgyz Republic's Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility. The COVID-19 pandemic has been hitting the Kyrgyz economy very hard...

Myanmar
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Myanmar : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Volume/Issue: 2020/88

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513538419.002

ISBN: 9781513538419

Keywords: Balance of payments, Economic indicators, Central banks, Financial institutions, Financial and Monetary Sector, ISCR, CR, CBM, percent of GDP, PPPs

This 2019 Article IV Consultation focuses on Myanmar's near- and medium-term challenges and policy priorities and was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in globa...

Zimbabwe
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

Zimbabwe : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe »

Volume/Issue: 2020/82

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513537726.002

ISBN: 9781513537726

Keywords: Central banks, Monetary statistics, Financial and Monetary Sector, Balance of payments, Inflation, ISCR, CR, arrears, text figure, percent of GDP

This 2019 Article IV Consultation focuses on Zimbabwe's near- and medium-term challenges and policy priorities and was prepared before COVID-19 became a global pandemic that has resulted in unprecedented strains in...

Republic of Fiji
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji

Republic of Fiji : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Fiji »

Volume/Issue: 2020/80

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2020

DOI: http://dx.doi.org/10.5089/9781513537597.002

ISBN: 9781513537597

Keywords: External sector, National accounts, Financial institutions, International reserves, Balance of payments, ISCR, CR, RBF, potential growth, percent of GDP

This 2019 Article IV Consultation with the Republic of Fiji highlights that economic activity slowed sharply in 2019 due to lower government spending, tighter domestic financial conditions, weak sentiment, and the...

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

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

Volume/Issue: 2020/79

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2020

DOI: http://dx.doi.org/10.5089/9781513537436.002

ISBN: 9781513537436

Keywords: Economic indicators, Balance of payments, Unemployment, International investment position, Gross domestic product, ISCR, CR, staff report, potential growth, bank of Italy

This 2020 Article IV Consultation with Italy reflects discussions with the Italian authorities in January 2020 and is based on the information available as of January 28, 2020. It focuses on Italy's medium-term cha...

Italy
			: Financial System Stability Assessment

Italy : Financial System Stability Assessment »

Volume/Issue: 2020/81

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2020

DOI: http://dx.doi.org/10.5089/9781513537627.002

ISBN: 9781513537627

Keywords: Financial markets, Macroprudential policies and financial stability, Financial institutions, Financial systems, Bank liquidity, ISCR, CR, NPL, SIs, weak bank

This Financial System Stability Assessment paper on Italy highlights that substantial progress has been made in recent years in strengthening the financial sector, however, important weaknesses remain. Bank capital...

Republic of Moldova
			: Selected Issues

Republic of Moldova : Selected Issues »

Volume/Issue: 2020/77

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2020

DOI: http://dx.doi.org/10.5089/9781513537320.002

ISBN: 9781513537320

Keywords: Financial regulation and supervision, Tax evasion, Expenditure efficiency, Money laundering, Central bank independence, ISCR, CR, global competitiveness index, CFT, AML

This Selected Issues paper provides a systematic assessment of Moldova's governance and institutional frameworks. It follows guidelines approved by the IMF executive board, which were developed to deliver systemati...

Republic of Moldova
			: Staff Report for the 2020 Article IV Consultation and Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova

Republic of Moldova : Staff Report for the 2020 Article IV Consultation and Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Moldova »

Volume/Issue: 2020/76

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2020

DOI: http://dx.doi.org/10.5089/9781513537283.002

ISBN: 9781513537283

Keywords: External sector, Real sector, Banking sector, Fiscal policy, Central banks, ISCR, CR, NBM, percent of GDP, Proj

This paper presents 2019 Article IV Consultation with the Republic of Moldova and its Sixth Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements. Moldova's economic growth remained sol...

Eligibility to Use the Fund's Facilities for Concessional Financing, 2020

Eligibility to Use the Fund's Facilities for Concessional Financing, 2020 »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2020

DOI: http://dx.doi.org/10.5089/9781513537047.007

ISBN: 9781513537047

Keywords: Access to foreign markets, International financial markets, Commercial borrowing, Market analysis, Access to capital markets, PP, market access, concessional, international financial market, eligibility

This paper concludes that the existing framework remains broadly appropriate, but proposes methodological refinements to improve the assessment of market access, clarifies how serious short-term vulnerabilities are...

Policy Steps to Address the Corona Crisis

Policy Steps to Address the Corona Crisis »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 March 2020

DOI: http://dx.doi.org/10.5089/9781513536927.007

ISBN: 9781513536927

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Central banks, Open market operations, PP, affected people, coordinated action, borrow cost, soundness

Monitoring, containing and mitigating the effects of the corona virus are top priorities. Timely and decisive actions by health authorities, central banks, fiscal, regulatory and supervisory authorities can help co...

Systemic Risk Modeling: How Theory Can Meet Statistics

Systemic Risk Modeling: How Theory Can Meet Statistics »

Volume/Issue: 2020/54

Series: IMF Working Papers

Author(s): Raphael Espinoza , Miguel Segoviano , and Ji Yan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 March 2020

DOI: http://dx.doi.org/10.5089/9781513536170.001

ISBN: 9781513536170

Keywords: Financial crises, Bank credit, Financial markets, Financial institutions, Macroprudential policies and financial stability, Systemic risk, Minsky effect, CIMDO, Default, WP

We propose a framework to link empirical models of systemic risk to theoretical network/ general equilibrium models used to understand the channels of transmission of systemic risk. The theoretical model allows for...

Sudan
			: Selected Issues

Sudan : Selected Issues »

Volume/Issue: 2020/73

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2020

DOI: http://dx.doi.org/10.5089/9781513536743.002

ISBN: 9781513536743

Keywords: Central banks, Tax revenue, Economic growth, Oil revenues, Financial institutions, ISCR, CR, weak governance, CNPC, SOEs

This Selected Issues paper on Sudan provides a first stock-taking of the scale, main transmission channels and potential costs of poor governance and corruption in Sudan and offers preliminary recommendations. A la...

Eastern Caribbean Currency Union
			: 2019 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union

Eastern Caribbean Currency Union : 2019 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union »

Volume/Issue: 2020/70

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

DOI: http://dx.doi.org/10.5089/9781513536224.002

ISBN: 9781513536224

Keywords: External sector, Real sector, Central banks, Macroprudential policies and financial stability, Financial institutions, ISCR, CR, ECCU, ECCB, grenadine

This paper presents IMF's 2019 Discussion on Common Policies of Member Countries of the Eastern Caribbean Currency Union (ECCU). ECCU's gross domestic product (GDP) growth accelerated from 3/4 percent in 2017 to 3...

Eastern Caribbean Currency Union
			: Selected Issues

Eastern Caribbean Currency Union : Selected Issues »

Volume/Issue: 2020/71

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 March 2020

DOI: http://dx.doi.org/10.5089/9781513536262.002

ISBN: 9781513536262

Keywords: Economic growth, Economic integration, Economic functions, Financial systems, Central banks, ISCR, CR, ECCU, ECCB, RSF

This Selected Issues paper focuses on the need and importance of fiscal integration for the Eastern Caribbean Currency Union (ECCU). The continued success of the currency union can be solidified by greater fiscal p...

Austria
			: Publication of Financial Sector Assessment Program Documentation-Technical Note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) »

Volume/Issue: 2020/65

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2020

DOI: http://dx.doi.org/10.5089/9781513535838.002

ISBN: 9781513535838

Keywords: Real sector, Money laundering, Central banks, Development policy, Financial services, ISCR, CR, AML, CFT, VAs

This Technical Note sets out the findings and recommendations made in the context of the 2019 Financial Sector Assessment Program for Austria in the areas of Anti-Money Laundering/Combating the Financing of Terrori...

Austria
			: Publication of Financial Sector Assessment Program Documentation-Technical Note on Bank Resolution and Crisis Management

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Bank Resolution and Crisis Management »

Volume/Issue: 2020/62

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2020

DOI: http://dx.doi.org/10.5089/9781513535791.002

ISBN: 9781513535791

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial markets, Central banks, ISCR, CR, OeNB, FMA, MOF

This technical note on Austria focuses on bank resolution and crisis management. This note assesses and makes recommendations regarding bank resolution and crisis management arrangements. The scope of the assessmen...

Austria
			: Publication of Financial Sector Assessment Program Documentation-Technical Note on Banking Oversight

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Banking Oversight »

Volume/Issue: 2020/67

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2020

DOI: http://dx.doi.org/10.5089/9781513535869.002

ISBN: 9781513535869

Keywords: Financial crises, Financial services, Financial markets, Central banks, Macroprudential policies and financial stability, ISCR, CR, FMA, OeNB, related party

This paper on Austria includes a targeted review of banking regulation and supervision, with a focus on topics related to the supervision of less significant institutions. The national transposition and implementat...

Austria
			: Publication of Financial Sector Assessment Program Documentation-Technical Note on Financial Stability Analysis, Stress Testing, and Interconnectedness

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Financial Stability Analysis, Stress Testing, and Interconnectedness »

Volume/Issue: 2020/66

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2020

DOI: http://dx.doi.org/10.5089/9781513535852.002

ISBN: 9781513535852

Keywords: Financial soundness indicators, Real sector, Macroprudential policies and financial stability, Financial services, Financial systems, ISCR, CR, OeNB, Austrian bank, central institution

This technical note on Austria presents the Financial Stability analysis, stress testing, and interconnectedness. Austria's banking sector presents unique structural vulnerabilities. Private credit growth has suppo...

Austria
			: Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Policy Framework and Tools

Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Policy Framework and Tools »

Volume/Issue: 2020/64

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2020

DOI: http://dx.doi.org/10.5089/9781513535814.002

ISBN: 9781513535814

Keywords: Financial crises, Real sector, Financial markets, Macroprudential policies and financial stability, Financial systems, ISCR, CR, OeNB, FMA, Austrian bank

This technical note assesses strengths and weaknesses of the macroprudential policy framework in Austria and provides policy recommendations. Financial sector resilience in Austria has improved significantly since...

Malaysia
			: Selected Issues

Malaysia : Selected Issues »

Volume/Issue: 2020/58

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2020

DOI: http://dx.doi.org/10.5089/9781513531960.002

ISBN: 9781513531960

Keywords: Islamic finance, Financial services, Macroprudential policies and financial stability, Financial institutions, Financial systems, ISCR, CR, e-money, sandbox, FTEG

This Selected Issues paper investigates impact of financial technology (FinTech) on Malaysia's financial sector. Malaysia is digitally enabled to seize the opportunities brought by FinTech. Malaysian banks continue...

The Impact of Conflict and Political Instability on Banking Crises in Developing Countries

The Impact of Conflict and Political Instability on Banking Crises in Developing Countries »

Volume/Issue: 2020/41

Series: IMF Working Papers

Author(s): Ali Compaoré , Montfort Mlachila , Rasmané Ouedraogo , and Sandrine Sourouema

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2020

DOI: http://dx.doi.org/10.5089/9781513530055.001

ISBN: 9781513530055

Keywords: Banking crisis, Balance sheets, Economic recession, Banking sector, Real effective exchange rates, conflict, political instability, banking crises, fiscal crises, WP

While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper...

Chile
			: Technical Assistance Report-Forming an Integrated Supervisory Authority

Chile : Technical Assistance Report-Forming an Integrated Supervisory Authority »

Volume/Issue: 2020/56

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2020

DOI: http://dx.doi.org/10.5089/9781513531687.002

ISBN: 9781513531687

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial systems, Financial markets, ISCR, CR, CMF, legal mandate, transition process

This Technical Assistance Report paper on Chile advices on the planned integration of the superintendency for banking supervision, Superintendencia de Bancos y Instituciones Financieras (SBIF), into the Comisión pa...

Nicaragua
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua

Nicaragua : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua »

Volume/Issue: 2020/59

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2020

DOI: http://dx.doi.org/10.5089/9781513532622.002

ISBN: 9781513532622

Keywords: Financial and Monetary Sector, Central banks, Economic integration, Real sector, Financial systems, ISCR, CR, percent of GDP, national authority, INSS

This 2019 Article IV Consultation with Nicaragua highlights that social unrest and its aftermath eroded confidence and caused large capital and bank deposits outflows that resulted in a prolonged output contraction...

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

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

Volume/Issue: 2019/383

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513530932.002

ISBN: 9781513530932

Keywords: Monetary policy, Monetary policy operational framework, Macroprudential policies and financial stability, Central banks, Foreign exchange regulations, ISCR, CR, CEMAC, BEAC, non-oil

Tighter macroeconomic and financial policies helped to avert a deeper crisis, and gross external reserves increased more rapidly in recent months, largely exceeding the mid-2019 target. However, reserves are still...

Barbados' 2018-19 Sovereign Debt Restructuring-A Sea Change?

Barbados' 2018-19 Sovereign Debt Restructuring-A Sea Change? »

Volume/Issue: 2020/34

Series: IMF Working Papers

Author(s): Myrvin Anthony , Gregorio Impavido , and Bert van Selm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2020

DOI: http://dx.doi.org/10.5089/9781513529967.001

ISBN: 9781513529967

Keywords: Domestic debt, Sovereign debt restructuring, Financial crises, Balance of payments, Public debt, Sovereign Debt, Sovereign Defaults, Sovereign Debt Restructurings, Barbados, WP

This paper examines the causes, processes, and outcomes of Barbados' 2018-19 sovereign debt restructuring-its first ever. The restructuring was comprehensive, featuring several rarely used approaches, including the...

Monetary Policy Transmission in Emerging Markets and Developing Economies

Monetary Policy Transmission in Emerging Markets and Developing Economies »

Volume/Issue: 2020/34

Series: IMF Working Papers

Author(s): Luis Brandao-Marques , R. Gelos , Thomas Harjes , Ratna Sahay , and Yi Xue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 February 2020

DOI: http://dx.doi.org/10.5089/9781513529738.001

ISBN: 9781513529738

Keywords: Financial and Monetary Sector, Central bank independence, Nominal effective exchange rate, Monetary policy instruments, Exchange rate policy, Monetary Policy, Emerging markets, Exchange rate channel, Inflation targeting, Financial structure

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary...

Macroprudential Policies and House Prices in Europe

Macroprudential Policies and House Prices in Europe »

Volume/Issue: 2020/3

Series: Departmental Papers / Policy Papers

Author(s): Marco Arena , Tingyun Chen , Seung Choi , Nan Geng , Cheikh Gueye , Tonny Lybek , Evan Papageorgiou , and Yuanyan Sophia Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2020

DOI: http://dx.doi.org/10.5089/9781513512259.087

ISBN: 9781513512259

Keywords: Macroprudential policies and financial stability, Financial stability, Housing prices, Europe, Financial crises, Supply and demand, Economic cooperation, Financial services, DPPP, LTV

Macroprudential policy in Europe aligns with the objective of limiting systemic risk, namely the risk of widespread disruption to the provision of financial services that is caused by an impairment of all or parts...

Participation by Fund Staff In Anti-Money Laundering/Combating The Financing Of Terrorism Assessments by Other Assessor Bodies

Participation by Fund Staff In Anti-Money Laundering/Combating The Financing Of Terrorism Assessments by Other Assessor Bodies »

Volume: 20

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 February 2020

DOI: http://dx.doi.org/10.5089/9781513530758.007

ISBN: 9781513530758

Keywords: Money laundering, Offshore financial centers, International monetary system, Anti-money laundering, Combating the financing of terrorism, PP, FATF, CFT, AML, assessor

The Fund's Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) Strategy was most recently reviewed by the Executive Board in November 2018. In addition, during the Board discussion of the 2018 revi...

Myanmar
			: Technical Assistance Report-External Sector Statistics Mission

Myanmar : Technical Assistance Report-External Sector Statistics Mission »

Volume/Issue: 2020/46

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 February 2020

DOI: http://dx.doi.org/10.5089/9781513530307.002

ISBN: 9781513530307

Keywords: Accounting, Balance of payments, Bilateral trade, Central banking, Central banks, Commodities, Credit, Current account balances, Data collection, Depreciation

This Technical Assistance Report paper highlights that the work on verifying reasonable size of coverage adjustments for Myanmar's imports was addressed during the mission, using bilateral trade data from Thailand...

Myanmar
			: Technical Assistance Report-External Sector Statistics Mission

Myanmar : Technical Assistance Report-External Sector Statistics Mission »

Volume/Issue: 2020/47

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 February 2020

DOI: http://dx.doi.org/10.5089/9781513530345.002

ISBN: 9781513530345

Keywords: External sector statistics, International investment position, Foreign investment, Foreign banks, Oil sector, ISCR, CR, DICA, FDIS, awareness workshop

This Technical Assistance (TA) report on Myanmar presents outcomes and priority recommendations of mission on external sector statistics (ESS) for the Directorate of Investment and Company Administration (DICA). In...

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines »

Volume: 20

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

DOI: http://dx.doi.org/10.5089/9781513530062.007

ISBN: 9781513530062

Keywords: International monetary system, Forward commitment capacity, Central banks, Monetary authorities, Credit, NAB, PP, general review, IMFC, executive board

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate siz...

Islamic Republic of Afghanistan
			: Technical Assistance Report-Report on External Sector Statistics Mission

Islamic Republic of Afghanistan : Technical Assistance Report-Report on External Sector Statistics Mission »

Volume/Issue: 2020/43

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

DOI: http://dx.doi.org/10.5089/9781513529912.002

ISBN: 9781513529912

Keywords: Balance of payments statistics, International investment position, Balance of payments, Financial statistics, Monetary statistics, ISCR, CR, ITRS, MPD, ESS

This technical advice provided by the staff of the IMF to the authorities of Afghanistan in response to their request for technical assistance (TA). The mission objectives were to assist the Da Afghanistan Bank (DA...

Guinea
			: Financial Sector Stability Review

Guinea : Financial Sector Stability Review »

Volume/Issue: 2020/42

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 2020

DOI: http://dx.doi.org/10.5089/9781513529844.002

ISBN: 9781513529844

Keywords: Macroprudential policies and financial stability, Financial institutions, Islamic finance, Financial markets, Financial services, ISCR, CR, WAMZ, bank law, AFW

The IMF conducted a Financial Sector Stability Review of the Republic of Guinea in June 2019. The review shows that while the current economic situation is benign, the financial soundness indicators (FSIs) point to...

Managing Systemic Banking Crises
			: New Lessons and Lessons Relearned

Managing Systemic Banking Crises : New Lessons and Lessons Relearned »

Volume/Issue: 2020/5

Series: Departmental Papers / Policy Papers

Author(s): Marina Moretti , Marc Dobler , and Alvaro Piris Chavarri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2020

DOI: http://dx.doi.org/10.5089/9781513512273.087

ISBN: 9781513512273

Keywords: Systemic crisis management, Banking crisis, Bank resolution, Bank restructuring, Lender of last resort, Deposit insurance, Non-performing loans, Asset management companies, Systemically important financial institutions, Financial crises

This paper updates the IMF's work on general principles, strategies, and tech-niques from an operational perspective in preparing for and managing sys-temic banking crises in light of the experiences and challenges...

Kingdom of Eswatini
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Kingdom of Eswatini : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini »

Volume/Issue: 2020/41

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 February 2020

DOI: http://dx.doi.org/10.5089/9781513529769.002

ISBN: 9781513529769

Keywords: Public financial management, External sector, Macroprudential policies and financial stability, Financial statistics, Fiscal policy, ISCR, CR, SACU, arrears, SACU revenue

This 2019 Article IV Consultation with the Kingdom of Eswatini highlights that the financial system remains sound, although vulnerabilities are rising. Hence, bank supervision should be intensified, the early inter...

Cyber Risk Surveillance: A Case Study of Singapore

Cyber Risk Surveillance: A Case Study of Singapore »

Volume/Issue: 2020/28

Series: IMF Working Papers

Author(s): Joseph Goh , Heedon Kang , Zhi Xing Koh , Jin Way Lim , Cheng Wei Ng , Galen Sher , and Chris Yao

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2020

DOI: http://dx.doi.org/10.5089/9781513526317.001

ISBN: 9781513526317

Keywords: Systemically important financial institutions, Financial crises, Financial institutions, Financial systems, Financial services, Cyber risk, financial innovation, systemic risk, stress test., WP

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a r...

Monetary Policy Implementation: Operational Issues for Countries with Evolving Monetary Policy Frameworks

Monetary Policy Implementation: Operational Issues for Countries with Evolving Monetary Policy Frameworks »

Volume/Issue: 2020/26

Series: IMF Working Papers

Author(s): Nils Mæhle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 February 2020

DOI: http://dx.doi.org/10.5089/9781513526850.001

ISBN: 9781513526850

Keywords: Central banking and monetary issues, Bank rates, Financial crises, Financial instruments, Central bank operations, monetary policy operations, monetary targeting, monetary policy transmission, liqudity management, interest rate determination

This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and...

Stress Testing at the IMF

Stress Testing at the IMF »

Volume/Issue: 2020/4

Series: Departmental Papers / Policy Papers

Author(s): Tobias Adrian , James Morsink , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2020

DOI: http://dx.doi.org/10.5089/9781513520742.087

ISBN: 9781513520742

Keywords: Financial crises, Financial institutions, Macroprudential policies and financial stability, Financial systems, Macro-financial analysis, DPPP, solvency, stress test, IMF, individual bank

This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a di...

Austria
			: Financial Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Austria

Austria : Financial Stability Assessment-Press Release; Staff Report; and Statement by the Executive Director for Austria »

Volume/Issue: 2020/35

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2020

DOI: http://dx.doi.org/10.5089/9781513528786.002

ISBN: 9781513528786

Keywords: Real sector, Financial systems, Financial institutions, Macroprudential policies and financial stability, Financial sector oversight, ISCR, CR, OeNB, AML, FMA

This paper presents Austria's 2019 Financial System Stability Assessment. The Austrian authorities have proactively strengthened the financial stability framework since the previous Financial Sector Assessment Prog...

Guyana: Housing Market and Implications for Macroprudential Policies

Guyana: Housing Market and Implications for Macroprudential Policies »

Volume/Issue: 2020/20

Series: IMF Working Papers

Author(s): Julian Chow

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2020

DOI: http://dx.doi.org/10.5089/9781513526324.001

ISBN: 9781513526324

Keywords: Real estate prices, Price indexes, Real sector, Supply and demand, Housing prices, Guyana, macroprudential policies, housing market, macroeco-financial stability., WP

Guyana's residential real estate prices have been rising, particularly in the capital city Georgetown, following the discovery of oil in 2015. In line with the growing demand for housing, commercial banks' housing...

Democratic Republic of the Congo
			: Staff-Monitored Program and Request for Disbursement Under the Rapid Credit Facility; Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo

Democratic Republic of the Congo : Staff-Monitored Program and Request for Disbursement Under the Rapid Credit Facility; Press Release; Staff Report; and Statement by the Executive Director for the Democratic Republic of the Congo »

Volume/Issue: 2019/388

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513528618.002

ISBN: 9781513528618

Keywords: Central banks, External sector, Credit, Revenue mobilization, Development, ISCR, CR, DRC, Congolese authority, international reserve

While macroeconomic policies in recent years have succeeded in restoring elements of macroeconomic stability under difficult circumstances, macroeconomic conditions are nonetheless precarious. The recent fall in co...

South Africa
			: Selected Issues

South Africa : Selected Issues »

Volume/Issue: 2020/34

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2020

DOI: http://dx.doi.org/10.5089/9781513528519.002

ISBN: 9781513528519

Keywords: Economic growth, Fiscal sector, Exchange policy, Central banks, Private investments, ISCR, CR, SARB, inflation expectation, volatility

This Selected Issues paper studies the growth-inflation trade-off of monetary policy in South Africa. The combination of low growth and stubbornly high inflation expectations for a protracted period has complicated...

Kenya
			: Technical Assistance Report-Monetary and Financial Statistics Mission (December 3-14, 2018)

Kenya : Technical Assistance Report-Monetary and Financial Statistics Mission (December 3-14, 2018) »

Volume/Issue: 2020/30

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

DOI: http://dx.doi.org/10.5089/9781513528403.002

ISBN: 9781513528403

Keywords: External sector, Financial statistics, Financial systems, Financial instruments, Monetary statistics, ISCR, CR, CBK, source data, provisional data

This technical assistance report on Kenya reviews the implementation of the recommendations made by the monetary and financial statistics (MFS) mission in January 2017 and the expanded coverage of the standardized...

Republic of Kazakhstan
			: 2019 Article IV Consultation-Press Release; and Staff Report

Republic of Kazakhstan : 2019 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2020/32

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2020

DOI: http://dx.doi.org/10.5089/9781513528465.002

ISBN: 9781513528465

Keywords: Balance of payments, Economic indicators, Central banks, Macroprudential policies and financial stability, Monetary policy, ISCR, CR, NBK, non-oil, percent of GDP

This 2019 Article IV Consultation with Republic of Kazakhstan discusses that the political transition has increased the focus on social conditions and regional and rural development. Discussions focused on enhancin...

Republic of North Macedonia
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of North Macedonia

Republic of North Macedonia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of North Macedonia »

Volume/Issue: 2020/24

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 January 2020

DOI: http://dx.doi.org/10.5089/9781513527925.002

ISBN: 9781513527925

Keywords: External sector, Central banks, Monetary policy, Balance of payments, Exchange markets, ISCR, CR, north Macedonia, GDP, policy space

This 2019 Article IV Consultation with Republic of Macedonia discusses that after a protracted political crisis, the economy has entered a period of solid growth and stability. Over the recent years, the authoritie...

Republic of Uzbekistan
			: Technical Assistance Report-Monetary and Financial Statistics Mission (July 17-August 2, 2019)

Republic of Uzbekistan : Technical Assistance Report-Monetary and Financial Statistics Mission (July 17-August 2, 2019) »

Volume/Issue: 2020/15

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 January 2020

DOI: http://dx.doi.org/10.5089/9781513527086.002

ISBN: 9781513527086

Keywords: Financial institutions, Financial instruments, Financial systems, Central banks, Central bank accounting, ISCR, CR, CBU, DTs, UZS

This technical assistance report on the Republic of Uzbekistan states that the mission achieved all its objectives and Uzbekistan's country page is now ready to be introduced in International Financial Statistics....

Republic of Estonia
			: Selected Issues

Republic of Estonia : Selected Issues »

Volume/Issue: 2020/13

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2020

DOI: http://dx.doi.org/10.5089/9781513526911.002

ISBN: 9781513526911

Keywords: Economic sectors, Human capital, Public sector, Money laundering, Poverty, Income distribution, ISCR, CR, CFT, AML

This Selected Issues paper on Estonia examines impact of assessing competitiveness and exposure to shocks integrating global value chains (GVCs). This paper strengthens the analytical underpinnings of competitivene...

Law & Financial Stability

Law & Financial Stability »

Series: Books

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 January 2020

DOI: http://dx.doi.org/10.5089/9781513523002.071

ISBN: 9781513523002

Keywords: Financial crises, Macroprudential policies and financial stability, Financial institutions, Financial systems, Central banks, law, financial stability, financial regulatory reforms, global financial crisis, reforms

This volume comprises a selection of papers prepared in connection with a high-level seminar on Law and Financial Stability held at the IMF in 2016. It examines, from a legal perspective, the progress made in imple...

Intervention Under Inflation Targeting--When Could It Make Sense?

Intervention Under Inflation Targeting--When Could It Make Sense? »

Volume/Issue: 2020/9

Series: IMF Working Papers

Author(s): David Hofman , Marcos Chamon , Pragyan Deb , Thomas Harjes , Umang Rawat , and Itaru Yamamoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 January 2020

DOI: http://dx.doi.org/10.5089/9781513526027.001

ISBN: 9781513526027

Keywords: Central banks, Exchange rate policy, Central bank policy, Exchange markets, Central banking and monetary issues, emerging markets, monetary and exchange rate policies, inflation targeting, foreign exchange intervention, capital flows

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign exchange markets and evaluate the case for such interventions based on the existing literature. O...

Monetary Policy Is Not Always Systematic and Data-Driven: Evidence from the Yield Curve

Monetary Policy Is Not Always Systematic and Data-Driven: Evidence from the Yield Curve »

Volume/Issue: 2020/4

Series: IMF Working Papers

Author(s): Ales Bulir , and Jan Vlcek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 January 2020

DOI: http://dx.doi.org/10.5089/9781513522012.001

ISBN: 9781513522012

Keywords: Bank rates, Central banks, Monetary policy, Central banking and monetary issues, Central bank policy, Monetary transmission, yield curve, rule-based monetary policy, WP, output gap

Does monetary policy react systematically to macroeconomic innovations? In a sample of 16 countries - operating under various monetary regimes - we find that monetary policy decisions, as expressed in yield curve m...

Djibouti
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti

Djibouti : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Djibouti »

Volume/Issue: 2019/314

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513513805.002

ISBN: 9781513513805

Keywords: External sector, Balance of payments, National accounts, Fiscal policy, Central banks, ISCR, CR, SOEs, percent of GDP, overall balance

The government has in recent years implemented large-scale investments to develop transport and logistics infrastructures. Combined with business climate reforms, this development strategy has fueled strong growth...

Peru
			: Selected Issues

Peru : Selected Issues »

Volume/Issue: 2020/4

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2020

DOI: http://dx.doi.org/10.5089/9781513526126.002

ISBN: 9781513526126

Keywords: Central banks, Financial crises, Monetary policy instruments, Central banking and monetary issues, Monetary policy, ISCR, CR, MPPs, multi-instrument, Haver

This Selected Issues paper evaluates features of the Peruvian tax system that may have contributed to weak revenue growth, as well as reforms to strengthen the tax system. Using data on domestic tax collection in c...

Institutional Arrangements for Fintech Regulation and Supervision

Institutional Arrangements for Fintech Regulation and Supervision »

Volume: 19

Series: FinTech Notes

Author(s): Charles Taylor , Christopher Wilson , Eija Holttinen , and Anastasiia Morozova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 January 2020

DOI: http://dx.doi.org/10.5089/9781513520308.063

ISBN: 9781513520308

Keywords: Currencies, Financial instruments, Investment, Financial regulation and supervision, Financial systems, Financial services, Macroprudential policies and financial stability, Financial markets, Financial institutions, fintech

Fintech developments are shaking up mandates within the existing regulatory architecture. It is not uncommon for financial sector agencies to have multiple policy objectives. Most often the policy objectives for th...

Philippines
			: Technical Assistance Report-Monetary and Financial Statistics Mission

Philippines : Technical Assistance Report-Monetary and Financial Statistics Mission »

Volume/Issue: 2019/400

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2019

DOI: http://dx.doi.org/10.5089/9781513524771.002

ISBN: 9781513524771

Keywords: External sector, Financial crises, Financial statistics, Monetary statistics, Financial institutions, ISCR, CR, OFCs, FOF, BSP

This Technical Assistance report focuses on Philippines's monetary and financial statistics (MFS). In order to align the coverage of the other depository corporations survey to statistical standards, the mission re...