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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

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

Volume/Issue: 2020/139

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

Language: Portuguese

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

ISBN: 9781513543901

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

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

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

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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...

Niger
			: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger

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Niger : Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger »

Volume/Issue: 2020/7

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513543925.002

ISBN: 9781513543925

Keywords: Development, External debt, Economic growth, Fiscal policy, Credit, ISCR, CR, PPPs, performance criterion, WAEMU

This paper discusses Niger's Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria. Niger faces daunting development challenges, aggravated by terrorist in...

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...

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

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

Volume/Issue: 2020/130

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 May 2020

Language: French

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

ISBN: 9781513543369

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

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

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...

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

Language: Russian

DOI: http://dx.doi.org/10.5089/9781513543550.002

ISBN: 9781513543550

Keywords: Rapid Credit Facility (RCF), Rapid Financing Instrument (RFI)

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...

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

Language: French

DOI: http://dx.doi.org/10.5089/9781513543192.002

ISBN: 9781513543192

Keywords: Rapid Credit Facility (RCF)

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...

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...

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

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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: 08 May 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513543147.002

ISBN: 9781513543147

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

The COVID-19 pandemic has weakened the macroeconomic outlook for Senegal's economy. Containment measures to avoid the propagation of the virus, lower external demand, reduced remittances, and the sudden stop of tra...

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

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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

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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

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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

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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

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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

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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

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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

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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...

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

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

Volume/Issue: 2020/90

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2020

Language: Russian

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

ISBN: 9781513542645

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

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

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

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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

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

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

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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

The Covid-19 pandemic is having a dramatic human, economic, and social impact on Mauritania. The short-term economic outlook has weakened rapidly owing to the sharp deterioration in global conditions and the impact...

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

New
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

The COVID-19 pandemic is severely impacting economic activity. The sharp fall in international oil prices and reduced global demand for Nigeria's oil products are worsening the fiscal and external positions, as Nig...

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

New
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

The COVID-19 pandemic is expected to hit Mozambique hard, and the authorities have requested emergency Fund financial assistance through the Rapid Credit Facility (RCF). As of April 16, Mozambique had reported 29 p...

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

New
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

While the number of detected cases has so far been limited, the COVID-19 pandemic, if not contained, could have a considerable economic and social impact in C.A.R. and could exacerbate tensions in an already volati...

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

New
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

Samoa, with a population of around 0.2 million, suffered from a severe measles outbreak in late-2019 (claimed 83 lives and resulted in over 5,700 cases), which led to a much larger economic contraction than that of...

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

New
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: 27 April 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513542324.002

ISBN: 9781513542324

Keywords: ISCR, CR, non-oil, Proj, percent of GDP, extended arrangement, overall balance

The COVID-19 pandemic and concurrent collapse in oil prices are expected to put the economy under extreme stress, particularly in a context of limited buffers. Economic growth will slow, and the fiscal and external...

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

Economic conditions have deteriorated rapidly as a result of the COVID-19 crisis. GDP in 2020 is projected to decline by 5 percent (a 71/2 percentage point reduction relative to pre-crisis) due to plummeting extern...

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

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

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

Cabo Verde's economic situation has been improving in recent years, with growth above historical trends, low inflation, strengthening fiscal and external positions, and declining public debt-to-GDP ratio. Inefficie...

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

In recent years, economic growth has been robust, inflation low, the external and fiscal positions have been improving, and fiscal risks were reduced with progress in State-Owned Enterprises reforms. These results...

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

Côte d'Ivoire will be significantly impacted by COVID-19 pandemic: the number of cases in the country has increased rapidly since the first confirmed case was reported on March 11 and the global crisis is expected...

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

The outbreak of COVID-19 and concurrent collapse in oil prices are having a severe economic and social impact on Chad and could jeopardize the gains achieved under the current Extended Credit Facility (ECF) arrange...

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

The Maldives is suffering from the impact of the COVID-19 pandemic. The Maldivian economy is one of the most dependent countries on tourism. GDP growth is projected to be about -8.1 percent in 2020, about 15 percen...

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

The COVID-19 pandemic is inflicting significant damage on Niger's economy at a time when the government is already faced with the deteriorating security situation across the Sahel region. A first local infection wa...

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

On March 23, 2020, the Executive Board of the IMF approved a 39-month Extended Credit Facility (ECF) arrangement for The Gambia in the amount of SDR 35.0 million (equivalent to 56.3 percent of quota). Faced with th...

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

In March 2020, Paraguay was hit by the Covid-19 epidemic, which has created fiscal and balance of payments needs. The authorities' policy response to the epidemic has been timely, but limited access to financing an...

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

Thanks to recent reforms, Moldova entered the current crisis with strong fiscal, financial, and external buffers. However, the economic outlook has deteriorated sharply due to the COVID-19 pandemic. GDP is expected...

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

The Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 24, 2020. The staff report reflects discussions with the Panamanian authorities during February 4-17, 2020 a...

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

Selected Issues...

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

North Macedonia's economic outlook has deteriorated substantially due the COVID-19 pandemic. Real GDP is expected to decline by 4 percent due to a fall in both domestic and external demand. This, together with nega...

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

Staff Report prepared by a staff team of the IMF for the Executive Board's consideration on January 24, 2020. The staff report reflects discussions with the Haiti authorities in November 2019 and is based on the in...

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

From mid-2018 until early 2020, Haiti experienced political instability and intermittent social unrest that paralyzed the economy and impeded the implementation of economic policies. This protracted crisis placed s...

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

Staff Report prepared by a staff team of the IMF for the Executive Board's consideration on January 24, 2020. The staff report reflects discussions with the Haiti authorities in November 2019 and is based on the in...

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

The FSSA was prepared by a staff team of the IMF for the Executive Board's consideration on Friday, March 27. The staff report reflects discussions with the Korean authorities in September and December 2019 and is...

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

On March 23, 2020, the Executive Board of the IMF approved a 39-month Extended Credit Facility (ECF) arrangement for The Gambia in the amount of SDR 35.0 million (equivalent to 56.3 percent of quota). Faced with th...

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

Albania has been hit by two consecutive major shocks. On November 26, 2019 Albania was struck by a severe earthquake that killed 51 people and caused significant physical damage. In addition, the ongoing COVID-19 p...

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

Before the arrival of the Covid-19 pandemic, Colombia's economy had remained resilient-owing to very strong policy frameworks, well-executed policies and immigration from Venezuela. External vulnerabilities increas...

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

Selected Issues...

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

Pakistan is facing unprecedented health and economic shocks from the rapid propagation of the Covid-19 outbreak. Growth is expected to contract sharply, by -1.5 percent in FY 2020, as the economy is buffeted by dem...

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

Good progress has been made in stabilizing Sierra Leone's economy. After coming to office in April 2018, the Government moved quickly to implement key reforms. After stabilizing in 2018, growth recovered in 2019. F...

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

Selected Issues...

Benin
			: Fifth Review under the Extended Credit Facility Arrangement, Request for Extension, and Request for Modification of Performance Criteria-Press Release; and Staff Report

Benin : Fifth Review under the Extended Credit Facility Arrangement, Request for Extension, and Request for Modification of Performance Criteria-Press Release; and Staff Report »

Volume/Issue: 2019/398

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 April 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513541068.002

ISBN: 9781513541068

Keywords: External sector, Debt management, Credit, External debt, Gross domestic product, ISCR, CR, rebasing, net lend, Eurobond

This paper discusses Benin's Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension, and Request for Modification of Performance Criteria. Program implementation continues to be very sat...

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, ISCR, CR, GDP, multilaterals, percent of GDP

The COVID-19 pandemic is causing serious stress on the economy due to containment measures. In 2020 the Salvadoran economy is expected to contract by 5.4 percent-7¾ percentage points below pre-COVID projections. A...

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

The COVID-19 pandemic and concurrent collapse in oil prices are expected to put the economy under extreme stress, particularly in a context of limited buffers. Economic growth will slow, and the fiscal and external...

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

The impact of the COVID-19 pandemic on the Ghanaian economy will be severe. The economic shock initially materialized through trade disruptions with China, the decline in commodity prices, and tightening of financi...

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

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

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

Jordan has made progress in reforming its economy since the 2017 Article IV consultation, but significant challenges remain. Despite a difficult environment, macroeconomic stability has been preserved, external imb...

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, ISCR, CR, percent of GDP, Proj, RCF

The COVID-19 pandemic has weakened the macroeconomic outlook for Senegal's economy. Containment measures to avoid the propagation of the virus, lower external demand, reduced remittances, and the sudden stop of tra...

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, ISCR, CR, primary balance, WAEMU, overall balance

This report was initially prepared based on discussions with the Togolese authorities in end 2019 and early 2020 in the context of the sixth review of the ECF arrangement. The report has been revised to respond to...

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

Regional Economic Outlook, April 2020, Sub-Saharan Africa »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513538501.086

ISBN: 9781513538501

Keywords: Economic growth, Sub-Saharan Africa, Regional Economic Outlook, Climate changes, Information technology, sub-Saharan Africa, climate change, digitalization

To come when report is received....

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

The Covid-19 outbreak aggravates Tunisia's already elevated macroeconomic imbalances. The crisis is expected to reduce growth to an unprecedented -4.3 percent. It will also give rise to urgent fiscal and BOP financ...

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

The Gambia remains a fragile state, grappling with a large public debt burden and the legacy of mismanagement left by the previous regime. Considerable progress has been achieved under the transitional justice agen...

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

Since the beginning of March, when the first COVID-19 case was identified in Malta, the number of infected people has increased rapidly. As of April 1, 188 people have been diagnosed with COVID-19 in Malta. Contagi...

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

2020 Selected Issues...

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

The Covid-19 pandemic is having a severe impact on Madagascar's economy. During the last two months, tourist arrivals have declined dramatically, and disruptions are beginning to materialize in mining and manufactu...

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 Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 17, 2020 on a lapse-of-time basis. The staff report reflects discussions with the Nepali authorities in Kat...

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

Selected Issues...

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

The Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 9, 2020. The staff report reflects discussions with the PNG authorities in October 28-November 9, 2019 and i...

Catastrophe Containment and Relief Trust
			: Policy Proposals and Funding Strategy

Catastrophe Containment and Relief Trust : Policy Proposals and Funding Strategy »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2020

DOI: http://dx.doi.org/10.5089/9781513539454.007

ISBN: 9781513539454

Keywords: Debt service, Debt relief, Balance of payments need, Balance of payments, Debt service payments, PP, global pandemic, executive board, pandemic, proposed decision

In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to p...

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

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

Volume/Issue: 2020/93

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2020

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

ISBN: 9781513538761

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

The Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 27 on a lapse of time basis. The staff report reflects discussions with the Sammarinese authorities in Janua...

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

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

Volume/Issue: 2020/94

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2020

DOI: http://dx.doi.org/10.5089/9781513539362.002

ISBN: 9781513539362

Keywords: Balance of payments, Financial soundness indicators, Economic indicators, Financial statistics, Public financial management, ISCR, CR, percent change, percent of GDP, overall balance

Board's consideration on March 18, 2020. The staff report reflects discussions with the Kingdom of the Netherlands-Curaçao and Sint Maarten authorities in November 2019 and is based on the information available as...

Central African Republic
			: Request for a Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the Central African Republic

Central African Republic : Request for a Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for the Central African Republic »

Volume/Issue: 2020/1

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2020

Language: French

DOI: http://dx.doi.org/10.5089/9781513539393.002

ISBN: 9781513539393

Keywords: Fiscal policy, Public financial management, Development, Financial and Monetary Sector, Revenue mobilization, ISCR, CR, C.A.R., percent of GDP, arrears

This paper discusses Central African Republic's (CAR) Request for a Three-Year Arrangement Under the Extended Credit Facility. Consistent with the IMF's Country Engagement Strategy, the IMF-supported program is exp...

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

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

Volume/Issue: 2020/91

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

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

ISBN: 9781513538839

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

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

Belgium
			: Selected Issues

Belgium : Selected Issues »

Volume/Issue: 2020/92

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

DOI: http://dx.doi.org/10.5089/9781513538877.002

ISBN: 9781513538877

Keywords: Economic stabilization, Interest rate differential, Business cycles, Financial crises, Interest rates, ISCR, CR, output gap, medium-term, high debt

This Selected Issues paper analyzes Belgium's fiscal stance using a structural stochastic model. This note uses a theoretical model that explicitly accounts for the trade-offs between the short-term cost of fiscal...

Angola
			: Second Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criteria, Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Angola

Angola : Second Review of the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criteria, Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Angola »

Volume/Issue: 2019/371

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2020

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781513538914.002

ISBN: 9781513538914

Keywords: Balance of payments, Financial institutions, External debt, Fiscal policy, International reserves, ISCR, CR, non-oil, BNA, Proj

The economic outlook has deteriorated since the First Review. Real GDP is expected to contract in 2019, driven by lower-than-expected oil production. Disinflation is expected to halt, inter alia because of increase...

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

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

Volume/Issue: 2020/89

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2020

DOI: http://dx.doi.org/10.5089/9781513538563.002

ISBN: 9781513538563

Keywords: External sector, National accounts, Economic indicators, Financial and Monetary Sector, Credit, ISCR, CR, investment income, CBK, FGF

This 2020 Article IV Consultation with Kuwait highlights that non-oil growth strengthened to estimated 3 percent in 2019, propelled by government and consumer spending. The challenge to reduce dependence on oil and...