Browse

New

Panama »

Source: Panama : Technical Assistance Report-Monetary and Financial Statistics

Volume/Issue: 2021/031

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 February 2021

ISBN: 9781513568218

Keywords: Nonbank financial institutions, Commercial banks, Monetary statistics, Offshore financial centers, Securities, ISCR, CR, ODC data, NBP staff, ODC survey

At the request of the Superintendency of Banks of Panama (SBP), and with the support of the International Monetary Fund's (IMF's) Western Hemisphere Department (WHD), a monetary and financial statistics (MFS) remot...

New

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

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

New

Bulgaria: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

New

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

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

New

Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility—Informational Annex »

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

New

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

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

New

IMF Executive Board Approves a US$20.47 Million Emergency Assistance for Guinea-Bissau to Address the COVID-19 Pandemic »

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

New

IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria »

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

New

Statement by Mr. Andrianarivelo, Mr. Sylla, and Mr. Lopes Varela on Guinea-Bissau January 25, 2021 »

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

Volume/Issue: 2021/029

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568188

Keywords: Public debt, COVID-19 , External debt, Debt sustainability analysis, Commercial banks, ISCR, CR, IMF financial support, emergency RCF financing, IMF's Rapid Credit Facility

Guinea Bissau is a fragile state with a long history of political instability. Poverty is high with about 67 percent of the population living below the poverty line of US$1.90 per day. The economy relies heavily on...

New

Statement by Mr. Paul Hilbers, Executive Director for Bulgaria and Mr. Tsvetan Manchev, Advisor to the Executive Director January 27, 2021 »

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

Volume/Issue: 2021/027

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2021

ISBN: 9781513568119

Keywords: COVID-19 , Expenditure, Income, Loans, Income inequality, ISCR, CR, policy priority, authorities' policy response, Bulgarian authorities

The economy contracted sharply amid two waves of COVID-19 infections, with the government providing sizable policy support. The outlook is very uncertain and the main challenge facing policymakers is to keep adjust...

New

External Financing Risks: How Important is the Composition of the International Investment Position? »

Source: External Financing Risks: How Important is the Composition of the International Investment Position?

Volume/Issue: 2021/020

Series: IMF Working Papers

Author(s): Luis Cubeddu , Swarnali Hannan , and Pau Rabanal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 January 2021

ISBN: 9781513568102

Keywords: External debt, Sudden stops, Foreign currency debt, Financial crises, International reserves, international investment positions, current account, foreign reserves, sudden stops with large output loss, external crises.

Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...

New

The Bahamas: 2020 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for the Bahamas »

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

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

New

The Bahamas: Staff Report for the 2020 Article IV Consultation—Informational Annex »

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

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

New

IMF Executive Board Approves a SDR 258.4 Million Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument to Myanmar to Address the COVID-19 Pandemic »

Source: Myanmar : 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 Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

New

IMF Executive Board Concludes 2020 Article IV Consultation with The Bahamas »

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

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

New

Myanmar: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument—Debt Sustainability Analysis1 »

Source: Myanmar : 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 Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

New

Myanmar: 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 Myanmar »

Source: Myanmar : 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 Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

New

Statement by Alisara Mahasandana, Executive Director for Myanmar; and Min Han Soe, Advisor to Executive Director January 12, 2021 »

Source: Myanmar : 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 Myanmar

Volume/Issue: 2021/023

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567587

Keywords: Rapid Credit Facility, Public debt, External debt, COVID-19 , Monetary base, Currencies, ISCR, CR, IMF emergency financing, IMF emergency assistance

With the economy already slowing due to the COVID-19 pandemic in FY2019/20, a more intense second wave has hit Myanmar hard, inflicting large economic and social costs and straining the frail healthcare system. The...

New

Statement by Louise Levonian, Executive Director for The Bahamas and Latoya Smith, Senior Advisor to the Executive Director January 22, 2021 »

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

Volume/Issue: 2021/024

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 January 2021

ISBN: 9781513567839

Keywords: COVID-19 , Public debt, Commercial banks, Credit, Natural disasters, ISCR, CR, central bank of The Bahamas, IMF staff calculation, asset registry

The economic impact of COVID-19 on The Bahamas is unprecedented. The archipelago was just recovering from the devastation of Hurricane Dorian in the fall of 2019, when the pandemic led to a sudden stop in tourism,...

Central African Economic and Monetary Community: Staff Report on the Common Policies in Support of Member Countries Reform Programs—Press Release; Staff Report; and Statement by the Executive Director the Central African Economic and Monetary Community »

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

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Central African Economic and Monetary Community: Staff Report on the Common Policies of Member Countries, and Common Policies in Support of Member Countries Reform Programs—Informational Annex »

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

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies, and Common Policies in Support of Member Countries Reform Programs »

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

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Statement by Mr. Aivo Andrianarivelo, Executive Director for the Central African Economic and Monetary Community (CEMAC), Mr. Regis N’Sonde, Alternative Executive Director, and Mr. Thierry Nguema-Affane, Senior Advisor to the Executive Director January 12, 2021 »

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

Volume/Issue: 2021/021

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567136

Keywords: COVID-19 , Fiscal stance, Oil prices, Credit, Public debt, ISCR, CR, CEMAC authorities, CEMAC government, BEAC's monetary policy stance

The economic shock associated with the COVID-19 pandemic is set to have long-lasting effects on the economic outlook for CEMAC. The pandemic itself seems to be now broadly under control in the region, and the polic...

Unconventional Monetary Policies in Emerging Markets and Frontier Countries »

Source: Unconventional Monetary Policies in Emerging Markets and Frontier Countries

Volume/Issue: 2021/014

Series: IMF Working Papers

Author(s): Chiara Fratto , Brendan Harnoys Vannier , Borislava Mircheva , David de Padua , and Helene Poirson Ward

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2021

ISBN: 9781513567211

Keywords: Sovereign bonds, Bond yields, Yield curve, Securities, Exchange rates, Unconventional monetary policy, emerging markets, COVID-19, local currency bond markets., WP

The COVID-19 crisis induced an unprecedented launch of unconventional monetary policy through asset purchase programs (APPs) by emerging market and developing economies. This paper presents a new dataset of APP ann...

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

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

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

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

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

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

IMF Executive Board Concludes 2020 Article IV Consultation with Germany »

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

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

Statement by Mr. von Kleist, Executive Director for Germany, Mr. Merk, Alternate Executive Director and Mr. Buetzer, Senior Advisor January 13, 2021 »

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

Volume/Issue: 2021/013

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2021

ISBN: 9781513566733

Keywords: COVID-19 , Labor markets, Commercial banks, Cooperative banks, Loans, ISCR, CR, policy support package, IMF staff calculation, money market rate

Germany managed the first wave of the COVID-19 epidemic relatively well thanks to an early and vigorous public health response. Nonetheless, unprecedented disruptions to economic and social activity caused a deep r...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

People’s Republic of China: Selected Issues »

Source: People's Republic of China : Selected Issues

Volume/Issue: 2021/012

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566528

Keywords: Bank credit, Central bank policy rate, Yield curve, Deposit rates, Credit, ISCR, CR, monetary policy shock, guidance policy, productivity gap

Selected Issues...

Revisiting the Stabilization Role of Public Banks: Public Debt Matters »

Source: Revisiting the Stabilization Role of Public Banks: Public Debt Matters

Volume/Issue: 2021/007

Series: IMF Working Papers

Author(s): H. Elif Ture

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 2021

ISBN: 9781513566788

Keywords: State-owned banks, Bank credit, Public debt, Loans, Global financial crisis of 2008-2009, Public banks, countercyclical lending, economic stabilization, high public debt, WP

This paper revisits the stabilization role of public banks and analyzes whether weak public finances may hinder this role. During the global financial crisis (GFC), public banks were widely used to counter the priv...

IMF Executive Board Concludes First Review Under Jordan’s Extended Fund Facility Arrangement and Rephases Access to Address the Impact of COVID-19 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Jordan: First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Statement by Mahmoud Mohieldin, Executive Director for Jordan, Sami Geadah, Alternate Executive Director for Jordan, and Mira Merhi, Advisor for Jordan December 14, 2020 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

Statement by the Staff Representative on Jordan December 14, 2020 »

Source: Jordan : First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Volume/Issue: 2021/011

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2021

ISBN: 9781513566443

Keywords: Public debt, COVID-19 , Arrears, Fiscal stance, External debt, ISCR, CR, staff appraisal, draft budget law, level staff

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human...

The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses »

Source: The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses

Volume/Issue: 2021/003

Series: IMF Working Papers

Author(s): Pragyan Deb , Sanaa Nadeem , and Shanaka Peiris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 January 2021

ISBN: 9781513566115

Keywords: Capital flows, Exchange rates, Central bank policy rate, Real exchange rates, Credit, Spillovers, international financial cycle, balance sheet, transmission channels, foreign exchange intervention

Asian economies are increasingly integrated to the global economy through trade and financial linkages, exposing them to the international financial cycle. This paper explores how external shocks are transmitted to...

Ecuador: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria— Press Release; Staff Report; and Statement by the Executive Director for Ecuador »

Source: Ecuador : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Volume/Issue: 2020/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2020

ISBN: 9781513565743

Keywords: Public debt, Oil, Credit, Oil prices, Fiscal stance, ISCR, CR, upside risk, EFF arrangement, procurement procedure

On September 30, 2020, the IMF Executive Board approved a 27-month arrangement under the Extended Fund Facility (EFF) with exceptional access (SDR 4,615 million, 661 percent of quota, about $6.5 billion) to help Ec...

IMF Executive Board Completes First Review of the Extended Fund Facility Arrangement for Ecuador »

Source: Ecuador : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Volume/Issue: 2020/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2020

ISBN: 9781513565743

Keywords: Public debt, Oil, Credit, Oil prices, Fiscal stance, ISCR, CR, upside risk, EFF arrangement, procurement procedure

On September 30, 2020, the IMF Executive Board approved a 27-month arrangement under the Extended Fund Facility (EFF) with exceptional access (SDR 4,615 million, 661 percent of quota, about $6.5 billion) to help Ec...

Statement by Afonso Bevilaqua, Executive Director for Ecuador, Ricardo Velloso, Senior Advisor to Executive Director, and Francisco Rivadeneira, Advisor to Executive Director December 21, 2020 »

Source: Ecuador : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Volume/Issue: 2020/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2020

ISBN: 9781513565743

Keywords: Public debt, Oil, Credit, Oil prices, Fiscal stance, ISCR, CR, upside risk, EFF arrangement, procurement procedure

On September 30, 2020, the IMF Executive Board approved a 27-month arrangement under the Extended Fund Facility (EFF) with exceptional access (SDR 4,615 million, 661 percent of quota, about $6.5 billion) to help Ec...

Statement by the Staff Representative on Ecuador Executive Board Meeting December 21, 2020 »

Source: Ecuador : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Quantitative Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Ecuador

Volume/Issue: 2020/325

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2020

ISBN: 9781513565743

Keywords: Public debt, Oil, Credit, Oil prices, Fiscal stance, ISCR, CR, upside risk, EFF arrangement, procurement procedure

On September 30, 2020, the IMF Executive Board approved a 27-month arrangement under the Extended Fund Facility (EFF) with exceptional access (SDR 4,615 million, 661 percent of quota, about $6.5 billion) to help Ec...

The Case for Depositor Preference »

Source: The Case for Depositor Preference

Volume/Issue: 2020/002

Series: Technical Notes and Manuals

Author(s): Marc Dobler , Ender Emre , Alessandro Gullo , and Deeksha Kale

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2020

ISBN: 9781513557397

Keywords: Deposit insurance, Bank deposits, Bank resolution framework, Bank resolution, Financial sector stability, TNM, depositor preference, preference arrangement, deposit insurance limit, depositor confidence

This technical note and manual (TNM) addresses the following issues: advantages and disadvantages of different types of depositor preference, international best practice and experience in adopting depositor prefer...

How to Develop A Framework for the Investment of Temporary Government Cash Surpluses »

Source: How to Develop A Framework for the Investment of Temporary Government Cash Surpluses

Volume/Issue: 2020/003

Series: IMF How To Notes

Author(s): Israel Fainboim Yaker , Sandeep Saxena , and Mike Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2020

ISBN: 9781513563824

Keywords: Currencies, Government cash management, Government cash forecasting, Money markets, Credit risk, FADHTN, HTN, cash manager, surplus cash, cash surplus

Well-developed cash management aims to improve government operational efficiency and facilitates better service delivery by ensuring liquidity to meet payment obligations as they fall due. Liquidity, however, comes...

Quarterly Projection Model for the National Bank of Rwanda1 »

Source: Quarterly Projection Model for the National Bank of Rwanda

Volume/Issue: 2020/295

Series: IMF Working Papers

Author(s): Jan Vlcek , Mikhail Pranovich , Patrick Hitayezu , Bruno Mwenese , and Christian Nyalihama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2020

ISBN: 9781513564630

Keywords: Inflation, Food prices, Exchange rates, Central bank policy rate, Real exchange rates, Rwanda, Forecasting and Policy Analysis, Quarterly Projection Model, Monetary Policy, Managed Exchange Rate

National Bank of Rwanda (BNR) modernized monetary policy and transited to the price-based policy framework in January 2019. The Forecasting and Policy Analysis System (FPAS) is the cornerstone for the new forward-l...

Effects of Emerging Market Asset Purchase Program Announcements on Financial Markets During the COVID-19 Pandemic* »

Source: Effects of Emerging Market Asset Purchase Program Announcements on Financial Markets During the COVID-19 Pandemic

Volume/Issue: 2020/292

Series: IMF Working Papers

Author(s): Can Sever , Rohit Goel , Dimitris Drakopoulos , and Evan Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564661

Keywords: Bond yields, Yield curve, Central bank policy rate, Stock markets, Currencies, COVID-19, pandemic, asset purchase program, quantitative easing, bonds

The COVID-19 pandemic led many emerging market central banks to adopt, for the first time, unconventional policies in the form of asset purchase programs. In this study, we analyze the effects of these announcement...

The Federal Democratic Republic of Ethiopia »

Source: The Federal Democratic Republic of Ethiopia : Technical Assistance Report-Financial Soundness Indicators Mission

Volume/Issue: 2020/323

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564876

Keywords: Financial soundness indicators, Financial statements, Commercial banks, Personal income, Foreign currency exposure, ISCR, CR, FSI Guide, report form, asset classification

The International Monetary Fund's (IMF's) Statistics Department (STA) provided technical assistance (TA) on financial soundness indicators (FSI) to the National Bank of Ethiopia (NBE) during June 15-July 10, 2020....

Feeling the Heat: Climate Shocks and Credit Ratings »

Source: Feeling the Heat: Climate Shocks and Credit Ratings

Volume/Issue: 2020/286

Series: IMF Working Papers

Author(s): Serhan Cevik , and João Tovar Jalles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564548

Keywords: Climate change, Credit ratings, International reserves, Credit, Emerging and frontier financial markets, vulnerability, resilience, credit ratings, WP, climate change vulnerability

Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic...

Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies »

Source: Managing External Volatility: Policy Frameworks in Non-Reserve Issuing Economies

Volume/Issue: 2020/288

Series: IMF Working Papers

Author(s): Helene Poirson Ward , Nathan Porter , Itai Agur , Jiaqian Chen , Johannes Eugster , Stefan Laseen , Jeta Menkulasi , Kenji Moriyama , Celine Rochon , Katsiaryna Svirydzenka , Camilo Tovar Mora , Zhongxia Zhang , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564562

Keywords: Central bank policy rate, Exchange rates, Inflation, Exchange rate flexibility, Exchange rate arrangements, Monetary policy, foreign exchange intervention, policy transmission and effectiveness, macroprudential policy, capital flow management measures

Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs hav...

Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries »

Source: Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries

Volume/Issue: 2020/289

Series: IMF Working Papers

Author(s): Hans Weisfeld , Irineu de Carvalho Filho , Fabio Comelli , Rahul Giri , Klaus-Peter Hellwig , Chengyu Huang , Fei Liu , Sandra Lizarazo Ruiz , Alexis Mayer Cirkel , and Andrea Presbitero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2020

ISBN: 9781513564609

Keywords: Inflation, Financial crises, Banking crises, Early warning systems, Commodity prices, crisis prediction, machine learning, low-income countries, WP, inflation crisis

In recent years, Fund staff has prepared cross-country analyses of macroeconomic vulnerabilities in low-income countries, focusing on the risk of sharp declines in economic growth and of debt distress. We discuss r...

Barbados: Fourth Review Under the Extended Arrangement, Requests for Augmentation of Access, and Modification of Performance Criteria—Press Release; Staff Report; and Statement by the Executive Director for Barbados »

Source: Barbados : Fourth Review Under the Extended Arrangement, Requests for Augmentation of Access, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Barbados

Volume/Issue: 2020/314

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2020

ISBN: 9781513563671

Keywords: Fiscal stance, Public debt, Central bank bills, Credit, International reserves, ISCR, CR, Barbadian authorities, coronavirus pandemic, executive board discussion

Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth-but faces major challenges owing...

Government Intervention and Bank Market Power: Lessons from the Global Financial Crisis for the COVID-19 Crisis† »