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

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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...

Georgia
			: Technical Assistance Report-Residential Property Price Indices Mission

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Georgia : Technical Assistance Report-Residential Property Price Indices Mission »

Volume/Issue: 192020/172

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

DOI: http://dx.doi.org/10.5089/9781513544823.002

ISBN: 9781513544823

Keywords: Financial soundness indicators, Price indexes, National accounts, Housing prices, Consumer prices, ISCR, CR, scanner data, secondary market, Obs

The purpose of the mission was to assist the National Statistics Office (Geostat) in progressing on the compilation of a residential property price index (RPPI). This was the third price statistics mission to Georg...

Georgia
			: Technical Assistance Report-Producer Price Indexes Mission

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Georgia : Technical Assistance Report-Producer Price Indexes Mission »

Volume/Issue: 192020/173

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

DOI: http://dx.doi.org/10.5089/9781513544892.002

ISBN: 9781513544892

Keywords: Cost of living, Producer prices, Price indexes, National accounts, Business services, ISCR, CR, PPIs, PPI, producer price

The purpose of the mission was to assist the National Statistics Office of Georgia (Geostat) with expanding the coverage of the producer price index (PPI) to additional services activities. This was the fourth pric...

Republic of Moldova
			: Technical Assistance Report-Report on Sectoral Accounts Mission

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Republic of Moldova : Technical Assistance Report-Report on Sectoral Accounts Mission »

Volume/Issue: 192020/174

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

DOI: http://dx.doi.org/10.5089/9781513544939.002

ISBN: 9781513544939

Keywords: Financial crises, Gross domestic product, External sector statistics, Financial markets, Monetary statistics, ISCR, CR, NBM, MOF, ESS

As part of the IMF's Data for Decisions (D4D) Trust Fund Project, a technical assistance (TA) mission was conducted by John Joisce and Dario Florey, IMF Experts, during September 23-October 4, 2019, to help the aut...

Republic of Armenia
			: Second Review Under the Stand-By Arrangement, Requests for Augmentation of Access, Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director

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Republic of Armenia : Second Review Under the Stand-By Arrangement, Requests for Augmentation of Access, Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director »

Volume/Issue: 192020/176

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2020

DOI: http://dx.doi.org/10.5089/9781513545141.002

ISBN: 9781513545141

The impact of the COVID-19 pandemic and the tightening of global financial conditions have disrupted the, until recently, favorable macroeconomic conditions. The near-term outlook has significantly weakened, with g...

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

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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...

Benin
			: Sixth Review under the Extended Credit Facility Arrangement, and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Benin

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Benin : Sixth Review under the Extended Credit Facility Arrangement, and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Benin »

Volume/Issue: 192020/175

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2020

DOI: http://dx.doi.org/10.5089/9781513544960.002

ISBN: 9781513544960

Keywords: Extended Credit Facility, Public financial management, Balance of payments, External sector, Fiscal policy, Credit, ISCR, CR, ECF, border closure

Program implementation continues to be strong, with all end-December 2019 quantitative performance criteria (QPCs) and the structural benchmarks (SB) under review being met. Economic activity is expected to deceler...

Republic of Uzbekistan
			: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Uzbekistan

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Republic of Uzbekistan : Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Uzbekistan »

Volume/Issue: 192020/171

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 May 2020

DOI: http://dx.doi.org/10.5089/9781513544786.002

ISBN: 9781513544786

Keywords: Rapid Credit Facility (RCF), Fiscal policy, Financial and Monetary Sector, Economic reforms, External debt, External sector, ISCR, CR, Proj, excl

The COVID-19 pandemic has severely impacted Uzbekistan. Growth is projected to slow to 1.5 percent in 2020, while lower exports and remittances are expected to widen the current account deficit to almost 10 percent...

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

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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...

Measuring Economic Welfare: What and How?

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Measuring Economic Welfare: What and How? »

Volume: 20

Series: Policy Papers

Author(s): Marshall Reinsdorf

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2020

DOI: http://dx.doi.org/10.5089/9781513544588.007

ISBN: 9781513544588

Keywords: National accounts aggregates, Cost of living, Gross national product, National income, Price indexes, PP, deflator, economic welfare, digitalization, digital economy

Calls for a more people-focused approach to statistics on economic performance, and concerns about inequality, environmental impacts, and effects of digitalization have put welfare at the top of the measurement age...

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

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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...

St. Lucia Technical Assistance Report-Rebasing GDP Mission

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St. Lucia Technical Assistance Report-Rebasing GDP Mission »

Volume/Issue: 192020/164

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 May 2020

DOI: http://dx.doi.org/10.5089/9781513544243.002

ISBN: 9781513544243

Keywords: Price indexes, Development, National accounts, Balance of payments, Economic sectors, ISCR, CR, SUT, rebased, CSO

A technical assistance (TA) mission was undertaken by the Real Sector Statistics Advisor in the Caribbean Regional Technical Assistance Centre (CARTAC) to Saint Lucia during January 27-February 7, 2020, to provide...

El Salvador
			: Technical Assistance Report-Monthly Volume Indicator of Economic Activity and Institutional Sector Accounts Mission

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El Salvador : Technical Assistance Report-Monthly Volume Indicator of Economic Activity and Institutional Sector Accounts Mission »

Volume/Issue: 192020/169

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/10.5089/9781513544519.002

ISBN: 9781513544519

Keywords: External sector, Indicators of economic activity, Financial statistics, Monetary statistics, Economic conditions, ISCR, CR, DCN, balance sheet, SNA

A Technical Assistance (TA) mission was conducted by the Regional Technical Assistance Center for Central America, Panama, and the Dominican Republic (CAPTAC-DR) from February 26-March 2, 2018, to assist the Centra...

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

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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

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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

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

Volume/Issue: 192020/163

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/10.5089/9781513544199.002

ISBN: 9781513544199

Keywords: Real interest rates, Economic analysis, Economic policy, Interest rates, Monetary policy, ISCR, CR, QPM, model-based, 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...

Republic of Belarus
			: Technical Assistance Report-Monetary Policy Modeling

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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...

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

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

Volume/Issue: 192020/165

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 May 2020

DOI: http://dx.doi.org/10.5089/9781513544274.002

ISBN: 9781513544274

Keywords: Rapid Credit Facility (RCF), Balance of payments, Credit, External sector, Public debt, Economic indicators, ISCR, CR, percent of GDP, RCF

The Ugandan economy is being severely affected by the covid pandemic, although the number of confirmed cases has so far remained relatively low, at 79 on April 27. The economic impact of the pandemic started to be...

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

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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...

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

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

Volume/Issue: 192020/161

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

DOI: http://dx.doi.org/10.5089/9781513543635.002

ISBN: 9781513543635

Keywords: Rapid Credit Facility (RCF), Economic recovery, Balance of payments, Public debt, Gross domestic product, Credit, ISCR, CR, primary balance, disbursement

Grenada is a tourism-dependent economy that has been severely affected by the global COVID-19 pandemic. Tourism, which accounts for over 80 percent of Grenada's total exports, has essentially come to a halt in Marc...

The African Continental Free Trade Area: Potential Economic Impact and Challenges

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The African Continental Free Trade Area: Potential Economic Impact and Challenges »

Volume/Issue: 2020/4

Series: Staff Discussion Notes

Author(s): Lisandro Abrego , Mario de Zamaroczy , Tunc Gursoy , Garth Nicholls , Hector Perez-Saiz , and Jose-Nicolas Rosas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

DOI: http://dx.doi.org/10.5089/9781513542379.006

ISBN: 9781513542379

Keywords: General equilibrium models, Trade barriers, Structural adjustment, Welfare, Forecasting models, Trade negotiations, Economic integration, Open economies, International trade agreements, Trade finance

Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is exp...

Measuring Financial Access
			: 10 Years of the IMF Financial Access Survey

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Measuring Financial Access : 10 Years of the IMF Financial Access Survey »

Volume/Issue: 2020/8

Series: Departmental Papers / Policy Papers

Author(s): Marco Espinosa-Vega , Kazuko Shirono , Hector Carcel Villanova , Esha Chhabra , Bidisha Das , and Yingjie Fan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

DOI: http://dx.doi.org/10.5089/9781513538853.087

ISBN: 9781513538853

Keywords: Financial inclusion, Financial institutions, Inclusive growth, Economic development, Financial inclusion;Financial institutions;Inclusive growth;Economic development

This departmental paper marks the 10th anniversary of the IMF Financial Access Survey (FAS). It offers a retrospective of the FAS database, along with some reflections as to its future directions. Since its 20...

Djibouti
			: Requests for Disbursement Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report; and Statement by the Executive Director for Djibouti

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Djibouti : Requests for Disbursement Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report; and Statement by the Executive Director for Djibouti »

Volume/Issue: 2020/159

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

DOI: http://dx.doi.org/10.5089/9781513543574.002

ISBN: 9781513543574

Keywords: Rapid Credit Facility (RCF), Catastrophe Containment and Relief Trust (CCRT), Debt sustainability, Financial and Monetary Sector, Debt service, Balance of payments need, Debt relief, ISCR, CR, arrears

The COVID-19 pandemic has considerably weakened macroeconomic prospects for Djibouti. The country is facing a large negative external demand shock due to the global recession. Domestically, virus prevention and con...

Kyrgyz Republic
			: Request for Purchase Under the Rapid Financing Instrument and Disbursement under the Rapid Credit Facility-Press Release; and Staff Report

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Kyrgyz Republic : Request for Purchase Under the Rapid Financing Instrument and Disbursement under the Rapid Credit Facility-Press Release; and Staff Report »

Volume/Issue: 2020/1558

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

DOI: http://dx.doi.org/10.5089/9781513543529.002

ISBN: 9781513543529

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Balance of payments need, Balance of payments, Real sector, External sector, Public procurement, ISCR, CR, RCF

The outbreak of the COVID-19 pandemic has weakened the macroeconomic outlook. The authorities have launched a health care contingency plan and an initial package of economic measures, together totaling $31 million...

St. Lucia
			: Request for Disbursement Under the Rapid Credit Facility-Press Release; and Staff Report

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St. Lucia : Request for Disbursement Under the Rapid Credit Facility-Press Release; and Staff Report »

Volume/Issue: 2020/157

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

DOI: http://dx.doi.org/10.5089/9781513543444.002

ISBN: 9781513543444

Keywords: Rapid Credit Facility (RCF), National income, Economic indicators, Balance of payments, Demographic indicators, Financial indicators, ISCR, CR, US$, disbursement

St. Lucia, a tourism-dependent economy in the Caribbean, has been hit hard by the COVID-19 pandemic. Tourism exports, which in a typical year would account for nearly 90 percent of the country's foreign exchange ea...

Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe

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Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe »

Volume/Issue: 2020/6

Series: Departmental Papers / Policy Papers

Author(s): Bernardin Akitoby , Larry Cui , Silvia Domit , Jingzhou Meng , Slavi Slavov , Nujin Suphaphiphat , and Hanqi Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2020

DOI: http://dx.doi.org/10.5089/9781513532837.087

ISBN: 9781513532837

Keywords: Fiscal transparency, Corruption, Fiscal risk, Governance, Fiscal Transparency; Corruption; Government Efficiency; Fiscal Risks

This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities...

Stress Testing in Sub-Saharan Africa
			: Practices, Communications, and Capacity Development

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Stress Testing in Sub-Saharan Africa : Practices, Communications, and Capacity Development »

Volume/Issue: 2020/7

Series: Departmental Papers / Policy Papers

Author(s): Mindaugas Leika , Hector Perez-Saiz , Olga Ilinichna Stankova , and Torsten Wezel

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 May 2020

DOI: http://dx.doi.org/10.5089/9781513532912.087

ISBN: 9781513532912

Keywords: Banking, Stress testing, Sub-Saharan Africa, Banking; Capacity Development;Stress testing;Sub-Saharan Africa

The paper finds that supervisory stress tests are conducted in more than half of sub-Saharan African countries, particularly in western and southern Africa, and that the number of individual stress tests has grown...

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

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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

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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

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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

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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...

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

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

Volume/Issue: 2020/151

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 May 2020

DOI: http://dx.doi.org/10.5089/9781513543000.002

ISBN: 9781513543000

Keywords: Rapid Credit Facility (RCF), Balance of payments, External sector, Budget deficits, External debt, Central banks, ISCR, CR, NBT, RCF

Macroeconomic developments in 2019 were favorable, although the outlook was challenging owing to large fiscal and external imbalances. While still weak, the banking sector was recovering from the 2015-16 shocks. Ag...

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

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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

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...

Georgia
			: Sixth Review Under the Extended Arrangement and Requests for a Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Georgia

Georgia : Sixth Review Under the Extended Arrangement and Requests for a Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Georgia »

Volume/Issue: 2020/149

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 May 2020

DOI: http://dx.doi.org/10.5089/9781513542898.002

ISBN: 9781513542898

Georgia's performance under the Extended Arrangement has been good, but the country is now facing a pronounced economic slowdown and an urgent balance of payments need due to the COVID-19 pandemic. Real GDP is expe...

Colombia
			: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia

Colombia : Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Colombia »

Volume/Issue: 2020/148

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 May 2020

DOI: http://dx.doi.org/10.5089/9781513542867.002

ISBN: 9781513542867

Keywords: Flexible Credit Line

Before the Covid-19 pandemic and subsequent global disruption, Colombia's recovery showed resilience despite a weak external environment thanks to its very strong economic policy framework and timely policy actions...

Extension of Consultation Cycles Due to COVID-19 Pandemic

Extension of Consultation Cycles Due to COVID-19 Pandemic »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2020

DOI: http://dx.doi.org/10.5089/9781513542829.007

ISBN: 9781513542829

Keywords: West African Economic and Monetary Union, Eastern Caribbean Currency Union, International monetary system, Monetary unions, Macroprudential policies and financial stability, COVID-19, Coronovirus, COVID, PP, article IV consultation

To better respond to the unprecedented demand from the membership for financing and crisis support in response to the covid-19 pandemic, there is a temporary postponement of staff's work on Article IV consultations...

Costa Rica
			: Request for Purchase Under the Rapid Financing Investment-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica

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

Volume/Issue: 2020/145

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2020

DOI: http://dx.doi.org/10.5089/9781513542690.002

ISBN: 9781513542690

Keywords: Rapid Financing Instrument (RFI), Balance of payments, Exchange rate policy, Financial crises, Macroprudential policies and financial stability, Credit, ISCR, CR, pandemic, percent of GDP

Costa Rica has been hit hard by the Covid-19 pandemic, owing to its highly open economy that has large exposures to trade, tourism, foreign direct investment, and global supply chains. Tourism exports, which accoun...

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...

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

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

Volume/Issue: 2020/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2020

DOI: http://dx.doi.org/10.5089/9781513542768.002

ISBN: 9781513542768

Keywords: Rapid Financing Instrument (RFI), Balance of payments need, Fiscal responsibility law, Fiscal policy, Balance of payments, Expenditures, ISCR, CR, RFI, GDP

While Panama has been one of the most dynamic economies in Latin America over the last two decades, its strength is being tested by the outbreak of the COVID-19 global pandemic. Panama is a service-based economy th...

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...

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

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

Volume/Issue: 2020/137

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2020

DOI: http://dx.doi.org/10.5089/9781513542362.002

ISBN: 9781513542362

Keywords: External sector, Debt sustainability, Debt service, Balance of payments, Central banks, ISCR, CR, C.A.R., response plan, percent of GDP

This paper presents Central African Republic's Request for Disbursement Under the Rapid Credit Facility. The implementation of the policies and structural reforms to which the authorities committed under the Extend...

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

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

Volume/Issue: 2020/138

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2020

DOI: http://dx.doi.org/10.5089/9781513542409.002

ISBN: 9781513542409

Keywords: Rapid Credit Facility (RCF), Balance of payments, Balance of payments need, External debt, Debt sustainability, Gross domestic product, ISCR, CR, percent of GDP, measles outbreak

This paper discusses Samoa's Request for Disbursement Under the Rapid Credit Facility. Samoa has shown resilience to multiple past economic shocks, underpinned by the authorities' strong commitment to support the e...

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
			: First Review Under the Policy Coordination Instrument and Request for Modification of Targets

Cabo Verde : First Review Under the Policy Coordination Instrument and Request for Modification of Targets »

Volume/Issue: 2020/135

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/10.5089/9781513542225.002

ISBN: 9781513542225

Keywords: External sector, Balance of payments, Development, Economic indicators, Gross domestic product, ISCR, CR, Proj, SOEs, percent of GDP

This paper highlights Cabo Verde's First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets. Performance under the PCI-supported program has been strong. All reform target...

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...

Cote d'Ivoire
			: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Côte d'Ivoire

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

Volume/Issue: 2020/132

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/10.5089/9781513542041.002

ISBN: 9781513542041

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), Debt sustainability, Fiscal policy, Balance of payments need, External debt, Gross domestic product, ISCR, CR, finance gap

This paper discusses Côte d'Ivoire's Requests for Disbursement Under the Rapid Credit Facility (RCF) and Purchase Under the Rapid Financing Instrument (RFI). The government's response to the pandemic has been swift...

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...

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

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

Volume/Issue: 2020/128

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/10.5089/9781513541853.002

ISBN: 9781513541853

Keywords: Credit, Economic reforms, National income, Public finance, Financial indicators, ISCR, CR, RCF, WAEMU, ECF

This paper discusses Niger's Requests for Disbursement Under the Rapid Credit Facility and for Rephasing of Access Under the Extended Credit Facility. The coronavirus disease 2019 (COVID-19) pandemic is inflicting...

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: 2020/131

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/10.5089/9781513541921.002

ISBN: 9781513541921

Keywords: Rapid Credit Facility (RCF), External sector, Financial and Monetary Sector, International reserves, Macroprudential policies and financial stability, Credit, ISCR, CR, RCF, disbursement

This paper highlights The Gambia's Requests for Disbursement Under the Rapid Credit Facility and Modification of Performance Criteria Under the Extended Credit Facility Arrangement. The Gambia has also benefited fr...

IMF COVID-19 Response-A New Short-Term Liquidity Line to Enhance The Adequacy Of The Global Financial Safety Net

IMF COVID-19 Response-A New Short-Term Liquidity Line to Enhance The Adequacy Of The Global Financial Safety Net »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2020

DOI: http://dx.doi.org/10.5089/9781513541709.007

ISBN: 9781513541709

The COVID-19 pandemic has created severe disruption in the global financial system, with many emerging market and developing countries (EMDCs) facing liquidity shortages. In the context of intensified demand for li...

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...

Panama
			: 2020 Article IV Consultation-Press Release; and Staff Report

Panama : 2020 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2020/124

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2020

DOI: http://dx.doi.org/10.5089/9781513541594.002

ISBN: 9781513541594

Keywords: External sector, Real sector, Economic indicators, Social indicators, Financial soundness indicators, ISCR, CR, FATF, percent of GDP, staff report

This 2020 Article IV Consultation with Panama discusses that focuses on Panama's near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and r...

Panama
			: Selected Issues

Panama : Selected Issues »

Volume/Issue: 2020/125

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2020

DOI: http://dx.doi.org/10.5089/9781513541679.002

ISBN: 9781513541679

Keywords: Economic conditions, Economic growth, Development, Financial institutions, Credit, ISCR, CR, SBP, FATF, CFT

This Selected Issues paper focuses on background, challenges, and policy options in Panama. Panama stands at a crossroad between taking the leap to become an advanced economy or getting stuck in the middle-income t...

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

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

Volume/Issue: 2020/113

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2020

DOI: http://dx.doi.org/10.5089/9781513541037.002

ISBN: 9781513541037

Keywords: Rapid Financing Instrument (RFI)

This paper highlights the Republic of North Macedonia's Request for Purchase Under the Rapid Financing Instrument (RFI). North Macedonia's economic outlook has deteriorated substantially due to the coronavirus dise...

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...

Haiti
			: Selected Issues

Haiti : Selected Issues »

Volume/Issue: 2020/122

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/10.5089/9781513541501.002

ISBN: 9781513541501

Keywords: Poverty, Social safety nets, Development, Expenditures, Poverty reduction, ISCR, CR, EDH, Petrocaribe, social protection

This Selected Issues paper focuses on Haiti near and medium-term challenges and policy priorities and was prepared before coronavirus disease 2019 became a global pandemic and resulted in unprecedented strains in g...

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...

IMF Managing Director's Statement to the Development Committee, April 2020

IMF Managing Director's Statement to the Development Committee, April 2020 »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513541181.007

ISBN: 9781513541181

Keywords: Financial crises, Financial markets, Social safety nets, Financial institutions, Macroprudential policies and financial stability, PP, policy space, coronavirus, pandemic, policymaker

The global coronavirus outbreak is a crisis like no other and poses daunting challenges for policymakers in many emerging market and developing economies (EMDEs), especially where the pandemic encounters weak publi...

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...

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

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

Volume/Issue: 2020/104

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513536965.002

ISBN: 9781513536965

Keywords: External sector, Central banks, National income, Real sector, Economic indicators, ISCR, CR, inflation expectation, percent, percent of GDP

This 2020 Article IV Consultation with Colombia highlights that with the disruptions associated with the coronavirus disease 2019 pandemic and with lower oil prices, real gross domestic product (GDP) is projected t...

Colombia
			: Selected Issues

Colombia : Selected Issues »

Volume/Issue: 2020/105

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513540641.002

ISBN: 9781513540641

Keywords: Labor market characteristics, Terms of trade, Human capital, Labor productivity, Labor market policy, ISCR, CR, informality, inflow, misallocation

This Selected Issues paper focuses on Venezuelan migration and the labor market. Over 2 million migrants have crossed the border from Venezuela and continue to join Colombia's labor market-which remains weak overal...

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

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

Volume/Issue: 2020/114

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 April 2020

DOI: http://dx.doi.org/10.5089/9781513541099.002

ISBN: 9781513541099

Keywords: Rapid Financing Instrument (RFI), Social safety nets, Balance of payments need, Macroprudential policies and financial stability, Financial and Monetary Sector, Credit, ISCR, CR, SBP, pakistani authority

This paper highlights Pakistan's Request for Purchase Under the Rapid Financing Instrument (RFI). With the near-term outlook deteriorating sharply, the authorities have swiftly put in place measures to contain the...

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...

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

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

Volume/Issue: 2020/106

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2020

DOI: http://dx.doi.org/10.5089/9781513540672.002

ISBN: 9781513540672

Keywords: Fiscal responsibility law, Fiscal adjustment, Balance of payments, Economic sectors, Public debt, Rapid Financing Instrument (RFI), ISCR, CR, GDP, multilaterals

This paper discusses El Salvador's IMF Staff report on Request for Purchase Under the Rapid Financing Instrument (RCI). This assistance is expected to help El Salvador direct funds swiftly to the country's most aff...

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

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

Volume/Issue: 2020/109

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/10.5089/9781513540832.002

ISBN: 9781513540832

Keywords: Rapid Financing Instrument (RFI), Balance of payments, Oil prices, Terms of trade, Economic recovery, Macroprudential policies and financial stability, ISCR, CR, non-oil, Proj

This paper highlights Gabon's Request for a Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 (COVID-19) pandemic and concurrent collapse in oil prices are expected to put the econom...

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...

Jordan
			: 2020 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility-Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan

Jordan : 2020 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility-Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan »

Volume/Issue: 2020/101

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2020

DOI: http://dx.doi.org/10.5089/9781513540306.002

ISBN: 9781513540306

Keywords: Balance of payments, External sector, Economic conditions, Public financial management, Social safety nets, ISCR, CR, CBJ, NEPCO, Proj

This paper presents Jordan's 2020 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility (ECF). Jordan's IMF-supported economic reform program is anchored on structural ref...

Senegal
			: 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 Senegal

Senegal : 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 Senegal »

Volume/Issue: 2020/108

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/10.5089/9781513540795.002

ISBN: 9781513540795

Keywords: Financial and Monetary Sector, Economic conditions, Debt sustainability, Credit, Balance of payments need, Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI), ISCR, CR, percent of GDP

This paper presents Senegal's Request for Disbursement Under the Rapid Credit Facility (RCF) and Purchase Under the Rapid Financing Instrument (RFI). The sharp global economic downturn and domestic containment meas...

Togo
			: Sixth Review under the Extended Credit Facility Arrangement and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Togo

Togo : Sixth Review under the Extended Credit Facility Arrangement and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Togo »

Volume/Issue: 2020/107

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/10.5089/9781513540719.002

ISBN: 9781513540719

Keywords: Public debt, Debt sustainability, Revenue administration, Economic growth, Public financial management, Extended Credit Facility, ISCR, CR, primary balance, WAEMU

This paper discusses Togo's Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for Augmentation for Access. Togo's performance under the ECF-supported program has been broadly satisfactor...

Fiscal Monitor, April 2020
			: Policies to Support People During the COVID-19 Pandemic

Fiscal Monitor, April 2020 : Policies to Support People During the COVID-19 Pandemic »

Series: Fiscal Monitor

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513537511.089

ISBN: 9781513537511

Keywords: Public finance, Tax policy, Debt and growth, Fiscal policy, Low-income developing countries, Fiscal space, Tax reforms, COVID-19; coronavirus; pandemic; fiscal measures; health crisis; fiscal stimulus; fiscal policy

This report argues that fiscal policies are at the forefront of responding to the COVID-19 pandemic. Fiscal measures can save lives, protect the most-affected people and firms from the economic impact of the pandem...

Catastrophe Containment And Relief Trust-Approval Of Grant Assistance For Debt Service Relief

Catastrophe Containment And Relief Trust-Approval Of Grant Assistance For Debt Service Relief »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513540603.007

ISBN: 9781513540603

Keywords: Debt service, Debt relief, Balance of payments need, Public health, Balance of payments, PP, executive board, tranches, grant support, global pandemic

This paper proposes that the Executive Board determine that the global COVID-19 pandemic constitutes a Qualifying Public Health Disaster (QPHD) under the Catastrophe Containment (CC) Window of the Catastrophe Conta...

Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF

Progress Report to The IMFC On the Activities Of The Independent Evaluation Office Of The IMF »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513540559.007

ISBN: 9781513540559

Like everyone else, the IEO is now adapting to new realities in the wake of the coronavirus pandemic. During the five months after the 2019 Annual Meetings, the IEO completed two reports, continued work on two ongo...

The Managing Director's Global Policy Agenda, Spring Meetings 2020
			: Exceptional Times Exceptional Action

The Managing Director's Global Policy Agenda, Spring Meetings 2020 : Exceptional Times Exceptional Action »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513540528.007

ISBN: 9781513540528

Keywords: Global Policy Agenda, GPA, COVID-19, Coronavirus, recovery, protect, protection, policymakers, policy makers

Managing Director Kristalina Georgieva's Global Policy Agenda, Exceptional Times, Exceptional Action, highlights three priorities for policymakers around the world: protect lives, protect livelihoods, and plan for...

Regional Economic Outlook, April 2020, Middle East and Central Asia

Regional Economic Outlook, April 2020, Middle East and Central Asia »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513536811.086

ISBN: 9781513536811

Keywords: Regional Economic Outlook, Middle East and Central Asia, Economic growth, Oil prices, Market economies, Regional economics, Fiscal policy, Financial crisis, Oil crisis, Crisis management strategies

Countries of the Middle East and Central Asia region have been hit by two large and reinforcing shocks, resulting in significantly weaker growth projections in 2020. In addition to the devastating toll on human hea...

Regional Economic Outlook, April 2020, Sub-Saharan Africa
			: COVID-19: An Unprecedented Threat to Development

Regional Economic Outlook, April 2020, Sub-Saharan Africa : COVID-19: An Unprecedented Threat to Development »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

DOI: http://dx.doi.org/10.5089/9781513536835.086

ISBN: 9781513536835

Keywords: Economic growth, Sub-Saharan Africa, Regional Economic Outlook, Health care, Health, Health care spending, Public expenditures and health, Public health, Government expenditures and health, Oil

Sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to throw the region off its stride, reversing the encouraging development progress of recent years. Furthermore, by exacting a...

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...

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

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

Volume/Issue: 2020/103

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2020

DOI: http://dx.doi.org/10.5089/9781513540474.002

ISBN: 9781513540474

Keywords: Social safety nets, Unemployment, Monetary policy, Public investments, Economic conditions, ISCR, CR, pct, Proj, RFI

This paper discusses Tunisia's Request for Purchase Under the Rapid Financing Instrument (RFI). The IMF financing will support the authorities' emergency measures to contain the spread of the virus and mitigate its...

World Economic Outlook, April 2020
			: The Great Lockdown

World Economic Outlook, April 2020 : The Great Lockdown »

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2020

DOI: http://dx.doi.org/10.5089/9781513539744.081

ISBN: 9781513539744

Keywords: Economic recession, Recessions, Commodity markets, Commodity prices, Commodity price shocks, Economic forecasting, Forecasting models, Forecasting, comoravirus, COVID-19

The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projecte...

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...

Malta
			: 2020 Article IV Consultation-Press Release and Staff Report

Malta : 2020 Article IV Consultation-Press Release and Staff Report »

Volume/Issue: 2020/98

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2020

DOI: http://dx.doi.org/10.5089/9781513540078.002

ISBN: 9781513540078

This 2020 Article IV Consultation focuses on Malta'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...

Malta
			: 2020 Selected Issues

Malta : 2020 Selected Issues »

Volume/Issue: 2020/99

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2020

DOI: http://dx.doi.org/10.5089/9781513540122.002

ISBN: 9781513540122

This Selected Issues paper analyses immigration and the labor market in Malta. This paper finds that immigration has been positive for Malta, as it has helped boost growth, employment, productivity and incomes. The...

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

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

Volume/Issue: 2020/100

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 April 2020

DOI: http://dx.doi.org/10.5089/9781513540214.002

ISBN: 9781513540214

Keywords: Balance of payments, Credit, Economic policy, External debt, Macroprudential policies and financial stability, ISCR, CR, RCF, pandemic, finance gap

This paper discusses Republic of Madagascar's Request for Disbursement Under the Rapid Credit Facility (RCF). The coronavirus disease 2019 pandemic is having a severe impact on Madagascar's economy. Due to dramatic...

Enhancing the Emergency Financing Toolkit-Responding To The COVID-19 Pandemic

Enhancing the Emergency Financing Toolkit-Responding To The COVID-19 Pandemic »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 April 2020

DOI: http://dx.doi.org/10.5089/9781513540160.007

ISBN: 9781513540160

Keywords: IMF Lending, Poverty Reduction and Growth Trust, Poverty reduction, Poverty Reduction and Growth Facility Trust, Poverty Reduction and Growth Facility, COVID-19, Pandemic, lending, Rapid Credit Facility, Rapid Financing Instrument

The COVID-19 pandemic is taking a human toll and has unleashed a series of shocks on the Fund's entire membership, creating severe disruption in the global economic and financial system. As a result, many emerging...

Streamlining Procedures for Board Consideration of The Fund's Emergency Financing During Exceptional Circumstances Involving A Pandemic

Streamlining Procedures for Board Consideration of The Fund's Emergency Financing During Exceptional Circumstances Involving A Pandemic »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 April 2020

DOI: http://dx.doi.org/10.5089/9781513540177.007

ISBN: 9781513540177

Keywords: COVID-19, pandemic, RFI, RCF, CCRT, Rapid Financing Instrument, Rapid Credit Facility, Catastrophe Containment and Relief Trust, emergency financing

The COVID-19 pandemic has inflicted an unprecedented shock on the global economy and created an enormous demand for Fund resources. To accelerate processing and approval of members' requests in such circumstances,...

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...

Nepal
			: Selected Issues

Nepal : Selected Issues »

Volume/Issue: 2020/97

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/10.5089/9781513539768.002

ISBN: 9781513539768

Keywords: Financial services, Development, Economies, Expenditures, Human capital, ISCR, CR, remittance, durable good, expenditure pattern

This Selected Issues paper on Nepal measures the extent to which Nepal's households change their expenditure patterns and labor supply in response to remittances, using the Nepal Household Risk and Vulnerability Su...

Papua New Guinea
			: 2019 Article IV Consultation and Request for Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea

Papua New Guinea : 2019 Article IV Consultation and Request for Staff Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea »

Volume/Issue: 2020/95

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/10.5089/9781513539706.002

ISBN: 9781513539706

Keywords: Financial and Monetary Sector, Fiscal policy, Central banks, Economic indicators, Economic sectors, ISCR, CR, PNG, percent of GDP, SOEs

This paper presents Papua New Guinea's (PNG) 2019 Article IV Consultation and Request for Staff Monitored Program. The economy is estimated to have rebounded in 2019 following the contraction triggered by the large...