What's New Archive
Transcript of the 2024 United States Article IV Consultation Press Briefing
June 28, 2024
MS. KOZACK: Good afternoon everyone, both to those of you joining us here in person and to everyone joining us online. Welcome to this IMF Press Conference on the conclusion of the 2024 United States Article IV Consultation. I'm Julie Kozack, Director of the Communications Department here at the IMF.
Press Conference: Update on the U.S. Economy, June 2024
June 28, 2024
Good afternoon everyone, both to those of you joining us here in person and to everyone joining us online. Welcome to this IMF Press Conference on the conclusion of the 2024 United States Article IV Consultation. I'm Julie Kozack, Director of the Communications Department here at the IMF.
Central African Economic and Monetary Community: Common Policies in Support of Member Countries Reform Programs-Staff Report; and Statement by the Executive Director
June 28, 2024
Country Report No. 2024/193
Dominica: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Dominica
June 27, 2024
Country Report No. 2024/192
Benin: IMF Executive Board Completes Fourth Review of Extended Fund and Extended Credit Facilities, First Review of Resilience and Sustainability Facility, and Concludes 2024 Article IV Consultation
June 27, 2024
The Beninese economy has proven remarkably resilient to shocks, leveraging buffers wisely created pre-pandemic and supported by the government’s continued reform efforts, with economic activity estimated to have expanded by 6.4 percent in 2023. Growth is expected to remain strong in the coming years, supported by the government infrastructure drive and by private investment, including through the Special Economic Zone.
United States of America Staff Concluding Statement of the 2024 Article IV Mission
June 27, 2024
The U.S. economy has proven itself to be robust, dynamic, and adaptable to changing global conditions. Activity and employment continue to exceed expectations (notably, relative to those at the time of the 2023 Article IV consultation) and the disinflation process has been considerably less costly than many had feared. Nonetheless, the fiscal deficit is too large, creating a sustained upward trajectory for the public debt-GDP ratio. The ongoing expansion of trade restrictions and insufficient progress in addressing the vulnerabilities highlighted by the 2023 bank failures both pose important downside risks.
IMF Executive Board Concludes 2024 Article IV Consultation with Dominica
June 27, 2024
On May 31, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Dominica.
2022-2023 Diversity & Inclusion Report
June 27, 2024
Policy Paper No. 2024/032
IMF Executive Board Discusses the FY 2022–FY 2023 Diversity and Inclusion Report
June 27, 2024
Washington, D.C. – June 27, 2024: Today, the International Monetary Fund (IMF) released its FY 2022–FY 2023 Diversity and Inclusion Report. The report was discussed by the IMF’s Executive Board on February 20, 2024. The final version of the report reflects the inputs from the Board’s discussions.
Panama: 2024 Article IV Consultation-Press Release; and Staff Report
June 27, 2024
Country Report No. 2024/188
Panama: Selected Issues
June 27, 2024
Country Report No. 2024/189
IMF Executive Board Concludes 2024 Article IV Consultation with Panama
June 27, 2024
Panama grew very rapidly in the two decades preceding COVID-19 but was hit very hard by the pandemic. Between 1994 and 2019, GDP per capita increased from 33 percent of US GDP per capita to 48 percent. Rapid growth was driven by an unprecedented construction and investment boom that included major construction projects, such as the enlargement of the Panama Canal and the Tocumen airport, and the expansion of the services and logistics sectors that benefited from those projects. From the supply side, convergence was in large part supported by a sharp increase in the employment-to-population rate.
Zambia: Third Review Under the Arrangement Under the Extended Credit Facility, Requests for Augmentation of Access, Modifications of the Monetary Policy Consultation Clause and of Quantitative Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Zambia
June 26, 2024
Country Report No. 2024/190
IMF Statement on Kenya
June 26, 2024
Washington, DC – June 26, 2024: Ms. Julie Kozack, IMF Director of Communications, stated on Kenya:
Kingdom of Lesotho: Staff Concluding Statement of the 2024 Article IV Mission
June 26, 2024
Lesotho’s near-term economic outlook has improved modestly, with growth expected to reach 2.7 percent in FY24/25 on the back of strong construction activity, and inflation easing to 7.1 percent in April from its peak of 8.2 percent in January 2024. But Lesotho’s government-driven economic model is struggling to deliver on the authorities’ growth and development goals.
IMF Executive Board Concludes 2024 Article IV Consultation with the Republic of Uzbekistan
June 26, 2024
Washington, DC – June 26, 2024: On June 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Uzbekistan and considered and endorsed the Staff Appraisal on a lapse-of-time basis without a meeting.
IMF Staff Completes 2024 Article IV Mission to Vietnam
June 26, 2024
Vietnam’s economy is projected to expand by close to 6 percent in 2024, up from 5 percent in the previous year, driven by a recovering export sector, robust foreign direct investment, and policy support.
IMF Executive Board Completes Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility for Cabo Verde
June 25, 2024
The IMF Executive Board completed the fourth review of the 36-month arrangement under the Extended Credit Facility with Cabo Verde, providing the country with access to SDR 4.5 million (about US$5.94 million) and the first review of the 18-month arrangement under the Resilience and Sustainability Facility, providing the country with access to SDR 5.264 million (about US$6.94 million).
Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2024 Article IV Mission
June 25, 2024
Curaçao’s economy expanded strongly, continuing its pivot towards a tourism-led growth model.
United Republic of Tanzania: Third Review Under the Extended Credit Facility Arrangement and Request for Extension of the Extended Credit Facility Arrangement and Rephasing of Access, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania
June 25, 2024
Country Report No. 2024/187