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IMF Executive Board Completes the Combined Second, Third, Fourth, and Fifth Reviews of the Extended Fund Facility for Pakistan

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IMF Executive Board Completes the Combined Second, Third, Fourth, and Fifth Reviews of the Extended Fund Facility for Pakistan »

Source: Pakistan : Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

Volume/Issue: 2021/073

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2021

ISBN: 9781513576732

While the Covid-19 shock temporarily disrupted Pakistan's progress under the program supported by the IMF's Extended Fund Facility (EFF), the authorities' policies have been critical in supporting the economy and s...

Pakistan
			: Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

New
Pakistan : Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan »

Volume/Issue: 2021/073

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2021

DOI: http://dx.doi.org/10.5089/9781513576732.002

ISBN: 9781513576732

While the Covid-19 shock temporarily disrupted Pakistan's progress under the program supported by the IMF's Extended Fund Facility (EFF), the authorities' policies have been critical in supporting the economy and s...

Pakistan: Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access—Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

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Pakistan: Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access—Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan »

Source: Pakistan : Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

Volume/Issue: 2021/073

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2021

ISBN: 9781513576732

While the Covid-19 shock temporarily disrupted Pakistan's progress under the program supported by the IMF's Extended Fund Facility (EFF), the authorities' policies have been critical in supporting the economy and s...

Pakistan: Second, Third, Fourth, and Fifth Reviews Under The Extended Arrangement Under The Extended Fund Facility and Request for Rephasing of Access—Supplementary Information

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Pakistan: Second, Third, Fourth, and Fifth Reviews Under The Extended Arrangement Under The Extended Fund Facility and Request for Rephasing of Access—Supplementary Information »

Source: Pakistan : Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

Volume/Issue: 2021/073

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2021

ISBN: 9781513576732

While the Covid-19 shock temporarily disrupted Pakistan's progress under the program supported by the IMF's Extended Fund Facility (EFF), the authorities' policies have been critical in supporting the economy and s...

Statement by Hossein M. Hosseini, Executive Director for Pakistan and Saeed Ahmed, Senior Advisor to Executive Director March 24, 2021

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Statement by Hossein M. Hosseini, Executive Director for Pakistan and Saeed Ahmed, Senior Advisor to Executive Director March 24, 2021 »

Source: Pakistan : Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

Volume/Issue: 2021/073

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2021

ISBN: 9781513576732

While the Covid-19 shock temporarily disrupted Pakistan's progress under the program supported by the IMF's Extended Fund Facility (EFF), the authorities' policies have been critical in supporting the economy and s...

Chapter 2 A Fair Shot

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Chapter 2 A Fair Shot »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

The COVID-19 pandemic has worsened preexisting inequalities. It has laid bare inequalities in access to basic services, which, in turn, may cause income gaps to persist generation after generati...

Chapter 1 Tailoring Fiscal Responses

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Chapter 1 Tailoring Fiscal Responses »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

Introduction The COVID-19 pandemic has not yet been brought under control, and recovery is not assured. Access to vaccines, the pace of vaccination, the effectiveness of other measur...

Economy Abbreviations

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Economy Abbreviations »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

Code Name AF...

Executive Summary

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Executive Summary »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

Chapter 1: Tailoring Fiscal Responses The race to vaccinate against COVID-19 continues, but the pace of inoculations is widely different across countries, with access unavailable for...

Fiscal Monitor, April 2021
			: A Fair Shot

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Fiscal Monitor, April 2021 : A Fair Shot »

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

DOI: http://dx.doi.org/10.5089/9781513571553.089

ISBN: 9781513571553

This report overviews countries fiscal actions in response to COVID-19 and discusses how governments policies should adapt to get ahead of the pandemic and set the stage for a greener, fairer, and more durable reco...

Front Matter

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Front Matter »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

This report overviews countries fiscal actions in response to COVID-19 and discusses how governments policies should adapt to get ahead of the pandemic and set the stage for a greener, fairer, and more durable reco...

Glossary

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Glossary »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

Accelerated depreciation deductions Tax measures that reduce the taxable income of a firm, by allowing for greater deductions for depreciation of an asset (e.g., machinery) in its earlier years...

IMF Executive Board Discussion of the Outlook, April 2021

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IMF Executive Board Discussion of the Outlook, April 2021 »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

The following remarks were made by the Chair at the conclusion of the Executive Board’s discussion of the Fiscal Monitor, Global Financial Stability Report, and World Economic Outlook on March 2...

The Managing Director's Global Policy Agenda, Spring Meetings 2021
			: Bolstering the Recovery, Countering the Divergence

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The Managing Director's Global Policy Agenda, Spring Meetings 2021 : Bolstering the Recovery, Countering the Divergence »

Volume/Issue: 2021/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

DOI: http://dx.doi.org/10.5089/9781513576695.007

ISBN: 9781513576695

An unprecedented policy response and rapid progress in vaccine development have helped pull the global economy from a deep recession. But the outlook is marked by high uncertainty and great divergence. Carefully ca...

The Managing Director’s Global Policy Agenda, Spring Meetings 2021: Bolstering the Recovery, Countering the Divergence

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The Managing Director’s Global Policy Agenda, Spring Meetings 2021: Bolstering the Recovery, Countering the Divergence »

Source: The Managing Director's Global Policy Agenda, Spring Meetings 2021 : Bolstering the Recovery, Countering the Divergence

Volume/Issue: 2021/024

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513576695

An unprecedented policy response and rapid progress in vaccine development have helped pull the global economy from a deep recession. But the outlook is marked by high uncertainty and great divergence. Carefully ca...

Methodological and Statistical Appendix

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Methodological and Statistical Appendix »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

This appendix comprises four sections. “Data and Conventions” provides a general description of the data and conventions used to calculate economy group composites. “Fiscal Policy Assumptions” summarizes the...

Selected Topics

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Selected Topics »

Source: Fiscal Monitor, April 2021 : A Fair Shot

Series: Fiscal Monitor

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2021

ISBN: 9781513571553

Fiscal Monitor Archives A Fair Shot April 2021...

IMF Publications Catalog, Spring Highlights 2021

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IMF Publications Catalog, Spring Highlights 2021 »

Series: Marketing

Author(s): International Monetary Fund. Communications Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

DOI: http://dx.doi.org/10.5089/CATEA2021001.094

ISBN: CATEA2021001

Highlights of new and forthcoming IMF publications for the Spring 2021 season....

Chapter 2 After-effects of the Covid-19 Pandemic: Prospects for Medium-term Economic Damage

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Chapter 2 After-effects of the Covid-19 Pandemic: Prospects for Medium-term Economic Damage »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. A key question facing policymakers is the extent of persistent damage (scarring)...

Chapter 3 Commercial Real Estate: Financial Stability Risks During the COVID-19 Crisis and Beyond

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Chapter 3 Commercial Real Estate: Financial Stability Risks During the COVID-19 Crisis and Beyond »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

Chapter 3 at a Glance The COVID-19 crisis has hit the commercial real estate sector hard and increased uncertainty about the outlook for some of it...

Chapter 1 Global Financial Stability Overview: An Asynchronous and Divergent Recovery May Put Financial Stability at Risk

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Chapter 1 Global Financial Stability Overview: An Asynchronous and Divergent Recovery May Put Financial Stability at Risk »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

Chapter 1 at a Glance Extraordinary policy support measures have eased financial conditions and supported the economy, helpin...

Chapter 1 Global Prospects and Policies

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Chapter 1 Global Prospects and Policies »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

Divergent Recoveries amid High Uncertainty Global prospects remain highly uncertain one year into the pandemic. New virus mutations and the accumulating human toll raise concerns, ev...

Chapter 2 Nonfinancial Sector: Loose Financial Conditions, Rising Leverage, and Risks to Macro-Financial Stability

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Chapter 2 Nonfinancial Sector: Loose Financial Conditions, Rising Leverage, and Risks to Macro-Financial Stability »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

Chapter 2 at a Glance Leverage in the nonfinancial private sector reached historical highs for many economies in the run-up to the COVID-19 crisis,...

Chapter 3 Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the Covid-19 Shock

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Chapter 3 Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the Covid-19 Shock »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

Despite remarkable adaptation and extraordinary policy support in many economies, economic turmoil and labor market dislocations from the COVID-19 pandemic shock continue, with highly unequal ef...

Chapter 4 Shifting Gears: Monetary Policy Spillovers During the Recovery from COVID-19

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Chapter 4 Shifting Gears: Monetary Policy Spillovers During the Recovery from COVID-19 »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

The authors of this chapter are Philipp Engler, Roberto Piazza (team leader), and Galen Sher, with contributions from Chiara Fratto, Brendan Harnoys Vannier, Borislava Mircheva, David de Padua, and Hélène Po...

Executive Summary

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Executive Summary »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

One year into the COVID-19 pandemic, the accumulating human toll continues to raise concerns, even as growing vaccine coverage lifts sentiment. High uncertainty surrounds the global economic outlook, primari...

Executive Summary

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Executive Summary »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

April 2021 Global Financial Stability Report: Preempting a Legacy of Vulnerabilities Extraordinary policy measures have eased financial conditions and supported the e...

Global Financial Stability Report, April 2021

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Global Financial Stability Report, April 2021 »

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

DOI: http://dx.doi.org/10.5089/9781513569673.082

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. Chapter 1 warns that there is a pressing need to act to avoid a legacy of vulne...

Front Matter

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Front Matter »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

Extraordinary policy measures have eased financial conditions and supported the economy, helping to contain financial stability risks. Chapter 1 warns that there is a pressing need to act to avoid a legacy of vulne...

IMF Executive Board Discussion of the Outlook

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IMF Executive Board Discussion of the Outlook »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

The following remarks were made by the Chair at the conclusion of the Executive Board’s discussion of the Fiscal Monitor, Global Financial Stability Report, and World Economic Outlook on March 2...

IMF Executive Board Discussion of the Outlook, April 2021

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IMF Executive Board Discussion of the Outlook, April 2021 »

Source: Global Financial Stability Report, April 2021

Volume/Issue: 2021/001

Series: Global Financial Stability Report

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513569673

Keywords: Global Financial Stability Reports, Global Financial Stability Risks, Global financial markets, global financial stability, financial market, commercial real estate, leverage, macro-financial stability, financial recovery

The following remarks were made by the Chair at the conclusion of the Executive Board’s discussion of the Fiscal Monitor, Global Financial Stability Report, and World Economic Outlook on March 2...

Statistical Appendix

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Statistical Appendix »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

The Statistical Appendix presents historical data as well as projections. It comprises seven sections: Assumptions, What’s New, Data and Conventions, Country Notes, Classification of Countries, Key Data Docu...

World Economic Outlook, April 2021

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World Economic Outlook, April 2021 »

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

DOI: http://dx.doi.org/10.5089/9781513575025.081

ISBN: 9781513575025

The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some ar...

World Economic Outlook Selected Topics

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World Economic Outlook Selected Topics »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

World Economic Outlook Archives World Economic Outlook: Tensions from the Two-Speed...

Front Matter

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Front Matter »

Source: World Economic Outlook, April 2021

Volume/Issue: 2021/001

Series: World Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 April 2021

ISBN: 9781513575025

The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some ar...

Back Matter

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Back Matter »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

About one-quarter of the world's central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the varied mandates...

Front Matter

New
Front Matter »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

About one-quarter of the world's central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the varied mandates...

Catastrophe Containment and Relief Trust-Third Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

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Catastrophe Containment and Relief Trust-Third Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic »

Volume/Issue: 2021/023

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

DOI: http://dx.doi.org/10.5089/9781513576589.007

ISBN: 9781513576589

This paper proposes that the Executive Board approve the disbursement of a third tranche of CCRT debt service relief to 28 of the 29 CCRT-eligible members, covering the period April 14, 2021 through October 15, 202...

Catastrophe Containment and Relief Trust-Third Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

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Catastrophe Containment and Relief Trust-Third Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic »

Source: Catastrophe Containment and Relief Trust-Third Tranche Of Debt Service Relief In The Context Of The COVID-19 Pandemic

Volume/Issue: 2021/023

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513576589

This paper proposes that the Executive Board approve the disbursement of a third tranche of CCRT debt service relief to 28 of the 29 CCRT-eligible members, covering the period April 14, 2021 through October 15, 202...

A Central Bank's Guide to International Financial Reporting Standards

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A Central Bank's Guide to International Financial Reporting Standards »

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

DOI: http://dx.doi.org/10.5089/9781513563602.069

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

About one-quarter of the world's central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the varied mandates...

Introduction

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Introduction »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

Objective The objective of this guide is to provide central banks with a model set of International Financial Reporting Standards (IFRS)-compliant financial statements (hereafter ref...

Model Financial Statements

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Model Financial Statements »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

Overview The model statements have been compiled based on research of financial reports prepared by IFRS compliant central banks from around the world. They are intended to assist ce...

Model Note Disclosures

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Model Note Disclosures »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

Overview The layout of the note disclosures provided herein differs from the typical presentation. Different options are available—the importance is to adopt a format that helps the...

Note 12 Capital, general and other reserves

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Note 12 Capital, general and other reserves »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks use a variety of different terminology to describe the equity of the institution. The terminology used here is intended to be...

Note 24 Changes in accounting policies

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Note 24 Changes in accounting policies »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Changes in accounting policy should be rare and require extensive explanation and disclosure. The most common reason for a change is the imp...

Note 10 Currency in circulation

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Note 10 Currency in circulation »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The exclusive right of issuing the local currency banknotes is commonly vested with the central bank. Currency in circulation represents tho...

Note 15 Employee benefits

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Note 15 Employee benefits »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context For most central banks, employee costs often represent the largest component of its operational costs; only after interest expense in those...

Note 7 Equity investments in and deposits from International Financial Institutions

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Note 7 Equity investments in and deposits from International Financial Institutions »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context It is common for some central banks to have equity investment in certain financial organizations or institutions such as BIS, International...

Note 26 Events after the reporting period

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Note 26 Events after the reporting period »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Events after the reporting period are those events, favourable and unfavourable, that occur between the end of the reporting period and the...

Note 21 Fair value of assets and liabilities

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Note 21 Fair value of assets and liabilities »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context IFRS 13 is the standard which defines fair value and sets out in a single IFRS a framework for measuring fair value; and requires disclosure...

Note 14 Fee and commission income and expense

New
Note 14 Fee and commission income and expense »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks are encouraged to charge fees for services, especially for those services that could be provided through other commercial ente...

Note 3 Financial instruments

New
Note 3 Financial instruments »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The most common types of financial assets and liabilities that central banks have in their balance sheet include:...

Note 17 General and administrative costs

New
Note 17 General and administrative costs »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The most common administrative expenses items for central banks include depreciation, utilities, building and equipment maintenance costs an...

Note 13 Interest income and expense

New
Note 13 Interest income and expense »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The main source of income and of expense for a central bank is interest revenue. Interest revenue will come from both the securities in the...

Note 5 International Monetary Fund related assets and liabilities

New
Note 5 International Monetary Fund related assets and liabilities »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The International Monetary Fund (IMF) is an international organization with 189 member countries. It was established to promote internationa...

Note 8 Inventories

New
Note 8 Inventories »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks do account for inventories depending on the significance of the amounts in the financial statements. Some central banks direct...

Note 6 Monetary gold

New
Note 6 Monetary gold »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks may acquire, retain or undertake operations with monetary gold. Not all gold can be classified as monetary gold. Monetary gold...

Note 11 Other assets and liabilities

New
Note 11 Other assets and liabilities »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks might have other items, on both the assets and liabilities side, which in quantitative terms might be immaterial, but for whic...

Note 16 Printing and minting costs

New
Note 16 Printing and minting costs »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Most central banks are the responsible and authorized entities for the printing of banknotes, and in some cases for minting coins, for their...

Note 20 Profit distributions

New
Note 20 Profit distributions »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Distribution of a central bank’s profit is typically defined by the central bank’s organic law. IFRS does not provide specific guidance on d...

Note 9 Property, plant and equipment, intangibles, and investment properties

New
Note 9 Property, plant and equipment, intangibles, and investment properties »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks require buildings, secure facilities, and equipment to fulfil their mandates. While these are necessary to support the central...

Note 23 Provisions, contingencies and commitments

New
Note 23 Provisions, contingencies and commitments »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Central banks may have provisions related with legal claims, such as from former employees or from contracted companies. Note that, under IF...

Note 19 Realized and unrealized revaluation gains and losses

New
Note 19 Realized and unrealized revaluation gains and losses »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context Realized gains and losses are profits or losses arising from completed transactions. Unrealized revaluation gains and losses refer to profit...

Note 22 Related party disclosures

New
Note 22 Related party disclosures »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The IFRS framework dedicates a whole standard (IAS 24) to related party disclosures. From a central bank’s perspective, the Government will...

Note 1 Reporting entity and statutory base

New
Note 1 Reporting entity and statutory base »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context There are different practices that central banks follow with regard to this note. For the purposes of this document, we suggest presenting c...

Note 4 Risk management

New
Note 4 Risk management »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context The purpose of the Risk Management disclosures is to enable users of the financial statements to evaluate the nature and extent of risks ari...

Note 2 Significant accounting policies

New
Note 2 Significant accounting policies »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context This note describes the accounting policies, significant estimates and accounting judgements that are relevant to the financial statements a...

Note 25 Standards that are not yet effective

New
Note 25 Standards that are not yet effective »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context IFRS requires disclosures of new standards and other pronouncements from the IASB and International Financial Reporting Interpretation Commi...

Note 18 Taxation

New
Note 18 Taxation »

Source: A Central Bank's Guide to International Financial Reporting Standards

Series: Manuals & Guides

Author(s): Rudy Wytenburg , Robin Darbyshire , and Anjeza Beja

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2021

ISBN: 9781513563602

Keywords: Financial statements, Central banks, International Financial Reporting Standards, International Financial Reporting Standards, central banks, financial statements

▀ Business Context It is common that central banks, because of their unique relationship with the government, are exempted from income or corporate tax. In suc...

World Bank Group And International Monetary Fund Support For Debt Relief Under The Common Framework And Beyond

New
World Bank Group And International Monetary Fund Support For Debt Relief Under The Common Framework And Beyond »

Volume/Issue: 2021/022

Series: Policy Papers

Author(s): International Monetary Fund;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2021

DOI: http://dx.doi.org/10.5089/9781513576039.007

ISBN: 9781513576039

Keywords: Debt relief, Debt sustainability, Debt sustainability analysis, Debt service, Public debt, PP, IDA country, debt treatment, WBG-IMF LIC-DSF, DSSI extension

This paper discusses World Bank and IMF support for addressing fiscal and debt distress in IDA countries, with emphasis on strong continued concessional flows for green, resilient, and inclusive development....

Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies
			: Assessment and Policy Options

New
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies : Assessment and Policy Options »

Volume/Issue: 2021/002

Series: Staff Discussion Notes

Author(s): Federico Diez , Romain Duval , Jiayue Fan , José Garrido , Sebnem Kalemli-Ozcan , Chiara Maggi , Maria Martinez Peria , and Nicola Pierri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2021

DOI: http://dx.doi.org/10.5089/9781513574561.006

ISBN: 9781513574561

Keywords: Corporate insolvency, Insolvency, Bankruptcy, Small and medium enterprises, Insolvency, Bankruptcy, “Quasi” Equity Injections, Small- and medium-size enterprises, COVID-19

The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are...

Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies: Assessment and Policy Options

New
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies: Assessment and Policy Options »

Source: Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies : Assessment and Policy Options

Volume/Issue: 2021/002

Series: Staff Discussion Notes

Author(s): Federico Diez , Romain Duval , Jiayue Fan , José Garrido , Sebnem Kalemli-Ozcan , Chiara Maggi , Maria Martinez Peria , and Nicola Pierri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2021

ISBN: 9781513574561

Keywords: Corporate insolvency, Insolvency, Bankruptcy, Small and medium enterprises, Insolvency, Bankruptcy, “Quasi” Equity Injections, Small- and medium-size enterprises, COVID-19

The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are...

World Bank Group And International Monetary Fund Support For Debt Relief Under The Common Framework And Beyond

New
World Bank Group And International Monetary Fund Support For Debt Relief Under The Common Framework And Beyond »

Source: World Bank Group And International Monetary Fund Support For Debt Relief Under The Common Framework And Beyond

Volume/Issue: 2021/022

Series: Policy Papers

Author(s): International Monetary Fund;World Bank

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 April 2021

ISBN: 9781513576039

Keywords: Debt relief, Debt sustainability, Debt sustainability analysis, Debt service, Public debt, PP, IDA country, debt treatment, WBG-IMF LIC-DSF, DSSI extension

This paper discusses World Bank and IMF support for addressing fiscal and debt distress in IDA countries, with emphasis on strong continued concessional flows for green, resilient, and inclusive development....

Using Macroeconomic Frameworks to Analyze the Impact of COVID-19

New
Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 »

Source: Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 : An Application to Colombia and Cambodia

Volume/Issue: 2021/001

Series: Technical Notes and Manuals

Author(s): Ales Bulir , Daniel Baksa , Juan Corrales , Andres Gonzalez , Diego Rodriguez , and Dyna Heng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2021

ISBN: 9781513571973

Keywords: COVID-19 , Fiscal policy, Public debt, Expenditure, Income, TNM, potential GDP, fiscal policy variable, monetary policy rate, headline inflation

This technical note and manual (TNM) addresses the following issues: Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-devel...

Using Macroeconomic Frameworks to Analyze the Impact of COVID-19
			: An Application to Colombia and Cambodia

New
Using Macroeconomic Frameworks to Analyze the Impact of COVID-19 : An Application to Colombia and Cambodia »

Volume/Issue: 2021/001

Series: Technical Notes and Manuals

Author(s): Ales Bulir , Daniel Baksa , Juan Corrales , Andres Gonzalez , Diego Rodriguez , and Dyna Heng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2021

DOI: http://dx.doi.org/10.5089/9781513571973.005

ISBN: 9781513571973

Keywords: COVID-19 , Fiscal policy, Public debt, Expenditure, Income, TNM, potential GDP, fiscal policy variable, monetary policy rate, headline inflation

This technical note and manual (TNM) addresses the following issues: Evaluating the full implications from the policies adopted to mitigate the impact of the COVID-19 pandemic on the economy requires a well-devel...

Poverty Reduction and Growth Trust-  2020-21 Borrowing Agreements with The Government of Australia, Danmarks Nationalbank, The Bank Of Italy, The German Federal Ministry Of Finance On Behalf Of The Federal Republic Of Germany, And The Swiss National Bank

New
Poverty Reduction and Growth Trust- 2020-21 Borrowing Agreements with The Government of Australia, Danmarks Nationalbank, The Bank Of Italy, The German Federal Ministry Of Finance On Behalf Of The Federal Republic Of Germany, And The Swiss National Bank »

Volume/Issue: 2021/021

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2021

DOI: http://dx.doi.org/10.5089/9781513575933.007

ISBN: 9781513575933

This paper presents to the Executive Board for information the second set of new borrowing agreements for the Poverty Reduction and Growth Trust....

Poverty Reduction and Growth Trust—2020–21 Borrowing Agreements with the Government of Australia, Danmarks Nationalbank, The Bank of Italy, The German Federal Ministry of Finance on Behalf of the Federal Republic of Germany, and The Swiss National Bank

New
Poverty Reduction and Growth Trust—2020–21 Borrowing Agreements with the Government of Australia, Danmarks Nationalbank, The Bank of Italy, The German Federal Ministry of Finance on Behalf of the Federal Republic of Germany, and The Swiss National Bank »

Source: Poverty Reduction and Growth Trust- 2020-21 Borrowing Agreements with The Government of Australia, Danmarks Nationalbank, The Bank Of Italy, The German Federal Ministry Of Finance On Behalf Of The Federal Republic Of Germany, And The Swiss National Bank

Volume/Issue: 2021/021

Series: Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2021

ISBN: 9781513575933

This paper presents to the Executive Board for information the second set of new borrowing agreements for the Poverty Reduction and Growth Trust....

IMF Executive Board Discusses Macroeconomic Developments and Prospects in Low-Income Countries—2021

New
IMF Executive Board Discusses Macroeconomic Developments and Prospects in Low-Income Countries—2021 »

Source: Macroeconomic Developments and Prospects In Low-Income Countries-2021

Volume/Issue: 2021/020

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2021

ISBN: 9781513575858

This paper is the sixth in a series that examines macroeconomic developments and prospects in low-income countries (LICs). LICs are defined in this report as the countries eligible to PRGT facilities (69 countries)...

Macroeconomic Developments and Prospects In Low-Income Countries-2021

New
Macroeconomic Developments and Prospects In Low-Income Countries-2021 »

Volume/Issue: 2021/020

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2021

DOI: http://dx.doi.org/10.5089/9781513575858.007

ISBN: 9781513575858

This paper is the sixth in a series that examines macroeconomic developments and prospects in low-income countries (LICs). LICs are defined in this report as the countries eligible to PRGT facilities (69 countries)...

IMF Policy Paper: Macroeconomic Developments and Prospects in Low-Income Countries—2021

New
IMF Policy Paper: Macroeconomic Developments and Prospects in Low-Income Countries—2021 »

Source: Macroeconomic Developments and Prospects In Low-Income Countries-2021

Volume/Issue: 2021/020

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2021

ISBN: 9781513575858

This paper is the sixth in a series that examines macroeconomic developments and prospects in low-income countries (LICs). LICs are defined in this report as the countries eligible to PRGT facilities (69 countries)...

COVID-19: How Will European Banks Fare?

New
COVID-19: How Will European Banks Fare? »

Source: COVID-19: How Will European Banks Fare?

Volume/Issue: 2021/008

Series: Departmental Papers

Author(s): Shekhar Aiyar , Mai Chi Dao , Andreas A. Jobst , Aiko Mineshima , Srobona Mitra , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2021

ISBN: 9781513572772

Keywords: Corporate profits, Bank risk management, Bank capital, Stress testing, Europe, Bank capital;stress test;COVID-19;bank profitability; corporate risk

This paper evaluates the impact of the crisis on European banks' capital under a range of macroeconomic scenarios, using granular data on the size and riskiness of sectoral exposures. The analysis incorporates the...

COVID-19: How Will European Banks Fare?

New
COVID-19: How Will European Banks Fare? »

Volume/Issue: 2021/008

Series: Departmental Papers

Author(s): Shekhar Aiyar , Mai Chi Dao , Andreas A. Jobst , Aiko Mineshima , Srobona Mitra , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2021

DOI: http://dx.doi.org/10.5089/9781513572772.087

ISBN: 9781513572772

Keywords: Corporate profits, Bank risk management, Bank capital, Stress testing, Europe, Bank capital;stress test;COVID-19;bank profitability; corporate risk

This paper evaluates the impact of the crisis on European banks' capital under a range of macroeconomic scenarios, using granular data on the size and riskiness of sectoral exposures. The analysis incorporates the...

Annex I. Supplementary Information on Korea’s Mitigation Policies

New
Annex I. Supplementary Information on Korea’s Mitigation Policies »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Annex II. Pricing Miscellaneous Emissions Sources

New
Annex II. Pricing Miscellaneous Emissions Sources »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Annex III. Burden of Carbon Mitigation Policies on Industries

New
Annex III. Burden of Carbon Mitigation Policies on Industries »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Fiscal Policies for Reinforcing Korea's Climate Mitigation Strategy1

New
Fiscal Policies for Reinforcing Korea's Climate Mitigation Strategy1 »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Fiscal Rules in Korea—Some Considerations1

New
Fiscal Rules in Korea—Some Considerations1 »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

IMF Executive Board Approves Temporary Extensions and Modification of Access Limits in the Fund’s Lending Facilities

New
IMF Executive Board Approves Temporary Extensions and Modification of Access Limits in the Fund’s Lending Facilities »

Source: Temporary Extensions and Modifications Of Access Limits In The Fund's Lending Facilities

Volume/Issue: 2021/019

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513575032

Keywords: COVID-19 , Emergency assistance, Credit, Concessional external borrowing, Debt sustainability, PP, emergency financing instrument, fund arrangement, loan disbursement, access limit

The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic: (i) increases in the limits on access to its emergency financing instruments (April 2020) an...

IMF Executive Board Concludes 2021 Article IV Consultation with Republic of Korea

New
IMF Executive Board Concludes 2021 Article IV Consultation with Republic of Korea »

Source: Republic of Korea : 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea

Volume/Issue: 2021/064

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574875

Keywords: COVID-19 , Credit, Foreign exchange, Fiscal policy, Consumer price indexes, ISCR, CR, staff statement, staff appraisal, article IV consultation staff report

Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial...

IMF Executive Board Concludes 2021 Article IV Consultation with Sweden

New
IMF Executive Board Concludes 2021 Article IV Consultation with Sweden »

Source: Sweden : 2021 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2021/061

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574684

Sweden entered the pandemic with substantial buffers and suffered a relatively shallow recession in 2020. The decline in output was moderated by substantial income and liquidity support as well as structural featur...

Temporary Extensions and Modifications Of Access Limits In The Fund's Lending Facilities

New
Temporary Extensions and Modifications Of Access Limits In The Fund's Lending Facilities »

Volume/Issue: 2021/019

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

DOI: http://dx.doi.org/10.5089/9781513575032.007

ISBN: 9781513575032

Keywords: COVID-19 , Emergency assistance, Credit, Concessional external borrowing, Debt sustainability, PP, emergency financing instrument, fund arrangement, loan disbursement, access limit

The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic: (i) increases in the limits on access to its emergency financing instruments (April 2020) an...

IMF Policy Paper: Temporary Extensions and Modifications of Access Limits in the Fund’s Lending Facilities

New
IMF Policy Paper: Temporary Extensions and Modifications of Access Limits in the Fund’s Lending Facilities »

Source: Temporary Extensions and Modifications Of Access Limits In The Fund's Lending Facilities

Volume/Issue: 2021/019

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513575032

Keywords: COVID-19 , Emergency assistance, Credit, Concessional external borrowing, Debt sustainability, PP, emergency financing instrument, fund arrangement, loan disbursement, access limit

The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic: (i) increases in the limits on access to its emergency financing instruments (April 2020) an...

IMF Policy Paper: Temporary Extensions and Modifications of Access Limits in the Fund’s Lending Facilities—Proposed Decisions

New
IMF Policy Paper: Temporary Extensions and Modifications of Access Limits in the Fund’s Lending Facilities—Proposed Decisions »

Source: Temporary Extensions and Modifications Of Access Limits In The Fund's Lending Facilities

Volume/Issue: 2021/019

Series: Policy Papers

Author(s): International Monetary Fund. Strategy, Policy, & Review Department;International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513575032

Keywords: COVID-19 , Emergency assistance, Credit, Concessional external borrowing, Debt sustainability, PP, emergency financing instrument, fund arrangement, loan disbursement, access limit

The Fund introduced two main sets of temporary adjustments to its lending frameworks in the early months of the pandemic: (i) increases in the limits on access to its emergency financing instruments (April 2020) an...

Republic of Korea
			: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea

New
Republic of Korea : 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea »

Volume/Issue: 2021/064

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

DOI: http://dx.doi.org/10.5089/9781513574875.002

ISBN: 9781513574875

Keywords: COVID-19 , Credit, Foreign exchange, Fiscal policy, Consumer price indexes, ISCR, CR, staff statement, staff appraisal, article IV consultation staff report

Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial...

Republic of Korea
			: Selected Issues

New
Republic of Korea : Selected Issues »

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

DOI: http://dx.doi.org/10.5089/9781513574929.002

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Sweden
			: 2021 Article IV Consultation-Press Release; and Staff Report

New
Sweden : 2021 Article IV Consultation-Press Release; and Staff Report »

Volume/Issue: 2021/061

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

DOI: http://dx.doi.org/10.5089/9781513574684.002

ISBN: 9781513574684

Sweden entered the pandemic with substantial buffers and suffered a relatively shallow recession in 2020. The decline in output was moderated by substantial income and liquidity support as well as structural featur...

Sweden
			: Selected Issues

New
Sweden : Selected Issues »

Volume/Issue: 2021/062

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

DOI: http://dx.doi.org/10.5089/9781513574745.002

ISBN: 9781513574745

Selected Issues...

Republic of Korea: 2021 Article IV Consultation—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea

New
Republic of Korea: 2021 Article IV Consultation—Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea »

Source: Republic of Korea : 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea

Volume/Issue: 2021/064

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574875

Keywords: COVID-19 , Credit, Foreign exchange, Fiscal policy, Consumer price indexes, ISCR, CR, staff statement, staff appraisal, article IV consultation staff report

Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial...

Republic of Korea: Selected Issues

New
Republic of Korea: Selected Issues »

Source: Republic of Korea : Selected Issues

Volume/Issue: 2021/065

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574929

Keywords: Carbon tax, Public debt, Greenhouse gas emissions, Fiscal rules, Non-wage benefits, ISCR, CR, emissions intensity, trading market, default emissions factor

Selected Issues...

Republic of Korea: Staff Report for the 2021 Article IV Consultation—Informational Annex

New
Republic of Korea: Staff Report for the 2021 Article IV Consultation—Informational Annex »

Source: Republic of Korea : 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for the Republic of Korea

Volume/Issue: 2021/064

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 March 2021

ISBN: 9781513574875

Keywords: COVID-19 , Credit, Foreign exchange, Fiscal policy, Consumer price indexes, ISCR, CR, staff statement, staff appraisal, article IV consultation staff report

Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial...