IMF Country Focus

• Seven Things to Know About Fiscal Challenges in the Middle East and Central Asia

  October 27, 2020

  

  The COVID-19 pandemic and the ensuing economic crisis have required emergency fiscal measures as revenues have dried up. Many countries in the Middle East and Central Asia, which were already vulnerable before the pandemic, are now in a precarious fiscal position.

• Andorra: Five Things You May Not Know About the IMF’s 190th Member

  October 16, 2020

  

  Today the IMF welcomed the Principality of Andorra as its 190^th member. Andorra—a microstate situated between France and Spain—joined the IMF at a signing ceremony in Washington, D.C.

• Helping Ecuador Confront the Pandemic

  October 5, 2020

  

  IMF Country Focus spoke with Ecuador mission chief, Ceyda Oner, about how the new IMF financing will help the country manage the pandemic and its aftermath and, in the medium term, strengthen fiscal transparency and governance.

• Six Charts on Social Spending in the Middle East and Central Asia

  September 29, 2020

  

  Higher and more efficient social spending can significantly improve socioeconomic outcomes and help promote inclusive growth. 

• Central, Eastern, and Southeastern Europe After COVID-19: Securing the Recovery Through Wise Public Investment

  September 28, 2020

  

  The COVID-19 pandemic is taking a sizable toll on the outlook for Central, Eastern, and Southeastern Europe. 

• Expanded Flexible Credit Line Will Help Colombia Cope with COVID-19

  September 25, 2020

  

  A country with strong underlying economic fundamentals, Colombia has maintained a Flexible Credit Line (FCL) arrangement with the IMF since 2009 and renewed it most recently in May. On September 25, 2020, the IMF Executive Board approved a request to increase it by about US$ 6.5 billion, to a total of US$ 17.3 billion.

• Seven Charts on Climate Policies for Key Sectors in the European Union

  September 24, 2020

  

  The European Union remains a global leader in reducing greenhouse gas emissions. The European Commission has proposed a significant cut in emissions by 2030 and net zero emissions by 2050.

• Angola: Confronting the COVID-19 Pandemic and the Oil Price Shock

  September 21, 2020

  

  The COVID-19 pandemic and the shock from the falling price of oil have put severe pressure on Angola since the country’s second review under the Extended Fund Facility (EFF) in December 2019.

• Lack of Human Capital is Holding Back Latin America’s Growth

  August 13, 2020

  

  In 1990, Latin America’s average GDP per capita was a little over a quarter of the United States’ income level, while emerging and developing Asian countries’ GDP per capita was only 5 percent. In 2019, Asian countries had grown fourfold, but Latin America was still at the same level.

• Rwanda Harnesses Technology to Fight COVID-19, Drive Recovery

  August 6, 2020

  

  In a conversation with IMF Country Focus, Rwanda’s Minister of State in Charge of National Treasury Richard Tusabe explains how his government is leveraging technology and grass-roots networks to fight the spread of COVID-19 and ensure financial support for households and businesses.

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