What's New Archive
The Price of De-Risking Reshoring, Friend-Shoring, and Quality Downgrading
June 21, 2024
Working Paper No. 2024/122
Escaping the Financial Dollarization Trap: The Role of Foreign Exchange Intervention
June 21, 2024
Working Paper No. 2024/127
Post-pandemic Productivity Dynamics in the United States
June 21, 2024
Working Paper No. 2024/124
A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa
June 21, 2024
Working Paper No. 2024/123
Has the Transmission of US Monetary Policy Changed Since 2022?
June 21, 2024
Working Paper No. 2024/129
Drivers of Post-COVID Private Consumption in the U.S.
June 21, 2024
Working Paper No. 2024/128
IMF Staff Concludes Visit to Antigua and Barbuda
June 21, 2024
Washington, DC: An International Monetary Fund (IMF) team, led by Mr. David Moore, visited Antigua and Barbuda during June 17–21, 2024, and met with government officials and other stakeholders to discuss recent economic developments, the economic outlook, and policy priorities. At the conclusion of the visit, Mr. Moore issued the following statement:
High-Level Summary Technical Assistance Report: Namibia –Petroleum Fiscal Regime Review
June 21, 2024
High Level Summary Technical Assistance Report No. 2024/023
International Monetary Fund and World Bank Group Announce the First Country Benefitting from the Enhanced Cooperation Framework for Scaled-Up Climate Action
June 21, 2024
The World Bank Group (WBG) and International Monetary Fund (IMF) are pleased to announce that the Enhanced Cooperation Framework for Climate Action is now operational. Madagascar will be the first country benefitting from the Framework in the context of the Resilience and Sustainability Facility (RSF) arrangement approved today by the IMF Executive Board, and the WBG active engagement on climate change in the country
Nigeria Bank Governor Olayemi Cardoso: Regaining Stability and Trust
Navigating Fragmentation, Conflict, and Large Shocks
June 21, 2024
Gita Gopinath discusses the impacts of Russia’s invasion of Ukraine on Ukraine, neighboring countries, and the global economy at the NBU-NBP Annual Research Conference, highlighting increased fragmentation, higher defense spending, and implications for monetary policy in a more shock-prone environment. She emphasizes the need for central banks to adapt their strategies and the importance of coordinated fiscal, financial, and structural policies to support macroeconomic stability.
Republic of Estonia: Selected Issues
June 21, 2024
Country Report No. 2024/178
Republic of Estonia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Estonia
June 21, 2024
Country Report No. 2024/177
IMF Staff Completes 2024 Article IV Mission to the Republic of Estonia
June 21, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia.
IMF Staff Completes 2024 Article IV Mission to Vanuatu
June 20, 2024
Growth is expected to slow in 2024 to around 1 percent y/y and to around 1½ percent y/y in 2025. There is significant uncertainty regarding the future of the airline. Although temporary price shocks from the airline liquidation are likely, inflation is expected to decelerate more in 2024 and fall to below 4 percent y/y by Q3. The fiscal deficit is likely to deteriorate given reduced revenues and elevated current spending due to the resolution of the airline, modest transfers, and support.
IMF Executive Board Completes Sixth Review Under the Extended Fund Facility Arrangement for Suriname
June 20, 2024
Suriname is implementing an ambitious economic reform agenda aimed at restoring fiscal and debt sustainability through fiscal consolidation and debt restructuring, protecting the vulnerable by expanding social protection, upgrading the monetary and exchange rate policy framework, addressing banking sector vulnerabilities, and advancing the anti-corruption and governance agenda. These policies are supported by the EFF arrangement, which was approved by the Executive Board on December 22, 2021 (see Press Release No. 21/400).
A Strategy for European Competitiveness
June 20, 2024
Remarks by Kristalina Georgieva, IMF Managing Director, to the Eurogroup on a Strategy for European Competitiveness, Luxembourg
Euro Area: IMF Staff Concluding Statement of the 2024 Mission on Common Policies for Member Countries
June 20, 2024
Following the pandemic, Russia’s gas shut-off, and fallout from the war in Ukraine, the euro area economy is gradually recovering, and inflation is declining towards target. Banks have proven resilient to the sharp rise in interest rates. Borrowing rates of sovereigns have remained moderate despite high public debt. Despite these reassuring signs, significant challenges remain. Fiscal buffers have diminished while spending pressures are set to increase further. Population aging and sluggish productivity growth weigh on the medium-term outlook. Intensifying geopolitical tensions, trade disputes, and distortive industrial policy can further complicate economic prospects and the policy making environment for a region highly open to trade. These challenges call for well-calibrated macroeconomic stabilization policies and structural reforms to strengthen the EU architecture and the single market. Such policies can reinforce each other to lift growth, enhance resilience, and address challenges from an increasingly shock-prone and fragmented global economy.
Bosnia and Herzegovina: 2024 Article IV Consultation-Press Release; Staff Report
June 20, 2024
Country Report No. 2024/175
Bosnia and Herzegovina: Selected Issues
June 20, 2024
Country Report No. 2024/176