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  1. Tonga
    2020 Article IV consultation and request for disbursement under the rapid credit facility : press release; staff report; and statement by the Executive Director for Tonga
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -2 1\2 percent due to domestic containment measures, a sudden stop... more

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    Tonga's recovery following the devastation of the 2018 Cyclone Gita has been derailed by a double blow from the pandemic and Cyclone Harold. FY2020 GDP growth is estimated to fall to -2 1\2 percent due to domestic containment measures, a sudden stop in tourism, and investment delays. The full brunt of the pandemic will be felt in FY2021 (beginning July) during peak tourism season, when a deeper contraction is expected. A worse outcome was avoided by early actions to close external borders-which has kept Tonga COVID-19-free-and prompt economic support. Beyond FY2021, the recovery is expected to resume in line with the global recovery, but the magnitude and trajectory is uncertain

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9781513568041
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    Series: IMF country reports ; 21, 26
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  2. Guinea-Bissau
    request for disbursement under the rapid credit facility : press release; staff report; and statement by the Executive Director for Guinea-Bissau
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    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 USD 1.90 per day. The economy relies heavily on the production and exports of... more

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    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 USD 1.90 per day. The economy relies heavily on the production and exports of unprocessed cashew nuts, making most households highly vulnerable to cashew nut price shocks and climate change risks

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513568188
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    Series: IMF country reports ; 21, 29
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  3. Panama
    technical assistance report : monetary and financial statistics
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    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) remote technical assistance (TA) mission... more

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    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) remote technical assistance (TA) mission from the IMF's Statistics Department (STA) took place during June 22-July 10, 2020. The main objective of the mission was to assist the SBP in the compilation of new standard report forms for depository corporations (SRF 1SR and SRF 2SR) on the basis of internationally accepted standards, as set out in the IMF's 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG), following the introduction of a new chart of accounts by the SBP, and to agree on an improved timeline to report monetary and financial statistics to STA, on a monthly basis. The work of the mission was facilitated by the excellent collaboration of the staff of the Financial Studies Directorate (FSD) of the SBP. The officials met during the mission are listed in Appendix I

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568218
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    Series: IMF country reports ; 21, 31
    Subjects: Monetäre Statistik; Statistische Methode; Technische Zusammenarbeit; Statistische Methodenlehre; Panama; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  4. Iraq
    technical assistance report : guarantees and extra budgetary funds management
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a stock of domestic guarantees that... more

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    Iraq is substantially exposed to fiscal risks related to guarantees issued by the State, with a stock of guarantees related to foreign currency service payments and debt of USD 21.7 billion at end-June 2017 and a stock of domestic guarantees that remains to be fully assessed. In 2017, the Council of Ministers approved a set of procedures to tighten controls on the approval of State guarantees. Nevertheless, misreporting cases highlight the need to further strengthen capacities and institutional arrangements to effectively identify and monitor the fiscal implications of guarantees, including in the context of EBFs' operations

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    ISBN: 9781513568362
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    Series: IMF country reports ; 21, 32
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  5. Nigeria
    2020 Article IV consultation : press release; staff report; and statement by the Alternate Executive Director for Nigeria
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling with multiple shocks from the... more

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    The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling with multiple shocks from the COVID-19 pandemic. Real output is projected to contract by 3.2 percent in 2020, with a weak recovery likely to keep per capita income stagnant and no higher than the 2010 level in the medium term. Policy adjustment and reforms are urgently needed to navigate this crisis and change the long-running lackluster course

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513568423
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    Series: IMF country reports ; 21, 33
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  6. Nigeria
    selected issues
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Selected Issues more

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    Selected Issues

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568461
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    Series: IMF country reports ; 21, 34
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  7. Republic of Poland
    2020 Article IV consultation : press release; staff report; and statement by the Executive Director for the Republic of Poland
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, but the second wave of the virus has... more

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    After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, but the second wave of the virus has delayed the recovery. A strong and effective policy response has supported economic activity and prevented destructive losses of employment and bankruptcies. Following the recession in 2020, Poland is well positioned for recovery. The pandemic will remain a constraint until the assumed administration of vaccines over the course of 2021. Resiliency in the corporate sector and labor markets, aided by strong policy support, should foster a strong rebound. Sizeable new EU grants would also facilitate an increase in investment and boost growth. The course of the pandemic and ultimate success of vaccines remains a fundamental risk

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568577
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    Series: IMF country reports ; 21, 35
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  8. Vanuatu
    technical assistance report : feasibility study on the introduction of quarterly national accounts
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The Vanuatu National Statistics Office (VNSO) requested a mission by the IMF's Pacific Financial Technical Assistance Centre (PFTAC) for conducting a feasibility study on the implementation of a quarterly national accounts (QNA) in Vanuatu. This... more

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    The Vanuatu National Statistics Office (VNSO) requested a mission by the IMF's Pacific Financial Technical Assistance Centre (PFTAC) for conducting a feasibility study on the implementation of a quarterly national accounts (QNA) in Vanuatu. This study outlines the staff, organizational and data requirements for Vanuatu to implement a quarterly national accounts program

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568836
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    Series: IMF country reports ; 21, 37
    Subjects: Volkswirtschaftliche Gesamtrechnung; Technische Zusammenarbeit; Statistische Methodenlehre; Vanuatu; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 17 Seiten), Illustrationen
  9. Iraq
    2020 Article IV consultation : press release; staff report; and statement by the Executive Director for Iraq
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health system's limited capacity has been... more

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    Iraq's socio-economic fragilities have been severely aggravated by the pandemic and the sharp decline in oil revenues, which arrived on the heels of widespread social unrest and political instability. The health system's limited capacity has been strained, while the fiscal position has become untenable as oil revenues declined sharply to a level that barely covers the government's large wage and pension bills. Although the number of new infections declined recently, Iraq registered the second-highest COVID-related fatalities in the region, and the fiscal response to the pandemic has been one of the lowest. A six-month political paralysis preceding the formation of the government in May 2020 and plans to hold early parliamentary elections in mid-2021 have been weighing on political support for reforms. Risks of social unrest, geopolitical tensions, and insecurity remain elevated

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568904
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    Series: IMF country reports ; 21, 38
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  10. Panama
    report on the Observance of Standards and Codes : data module
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic statistical system and the government... more

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    Panama's statistical system is well established by a legal framework that generally provides the necessary authority for the collection and compilation of statistics. Panama has a well-developed macroeconomic statistical system and the government recognizes the importance of good statistics for policy and investment decisions. This Report on the Observance of Standards and Codes (ROSC) is a follow-up to the Panama ROSC issued in 2006. Since 2006, Panama has acted upon a number of the recommendations of the previous ROSC, has passed and implemented new statistical legislation, created the National Statistical Institute and enhanced its statistical compilation and dissemination practices. This report assesses the current state of the statistical system and makes a number of recommendations related to future developments that will further enhance the statistical system. The legal framework assigns responsibility for the socio-economic statistics to the Comptroller General of the Republic of Panama (CG), which is subsequently delegated to the National Statistical Institute (INEC). Among other social and economic data INEC compiles and disseminates national accounts, consumer price index (CPI), government finance, and external statistics. The MEF in collaboration with INEC also compiles and disseminates fiscal statistics. Given Panama's long history of dollarization and absence of a central bank, there is no assignment of responsibility for compiling and disseminating a complete set of monetary and financial statistics. Instead, the Superintendency of Banks of Panama (SBP) produces banking sector statistics in line with its functions. Consequently, statistical practices for some elements of the DQAF do not apply to this sector (Box 1). Opportunities exist for improving the methodological basis and source data for most datasets

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513568959
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    Series: IMF country reports ; 21, 39
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  11. Mali
    request for modification of performance criteria under the extended credit facility : staff report
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the Executive Board on August 28, 2019.... more

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    This staff report proposes the modification of the performance criteria for end-December 2020 for the economic program supported by the three-year Extended Credit Facility (ECF) arrangement that was approved by the Executive Board on August 28, 2019. The modifications aim to accommodate the needed response to combat the COVID-19 pandemic and to adjust the end-December 2020 targets to take account of the impact of the pandemic shock

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513569093
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    Series: IMF country reports ; 21, 40
    Subjects: International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 6 Seiten)
  12. Tunisia
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Tunisia
    Published: February 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis is expected to induce the largest... more

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    The pandemic aggravated Tunisia's long-standing vulnerabilities stemming from persistent fiscal and external imbalances, rising debt, and contingent liabilities from inefficient state-owned enterprises. The crisis is expected to induce the largest contraction in real GDP since independence. The authorities' targeted response together with higher outlays on wages widened the fiscal deficit. A second Covid-19 wave is underway. The authorities are securing 500,000 doses to start a first campaign of vaccinations in February and are aiming to secure more doses to vaccinate half of the population starting in April-May. Staff expects GDP growth to rebound modestly in 2021, but it could take years before activity returns to pre-crisis levels, especially if large imbalances were not addressed and key reforms delayed. Downside risks dominate and recent protests highlight the level of social tensions, aggravated by Covid-19 restrictions, and particularly among the youth

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513570600
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    Series: IMF country reports ; 21, 44
    Subjects: wage bill; government change; Tunisian authorities; government's agenda; investment expenditure; Government debt management; COVID-19; Global; Middle East; North Africa; East Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 98 Seiten), Illustrationen
  13. Republic of Belarus
    technical assistance report : asset classification and nonperforming loan regulation
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition... more

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    The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term 'problem assets.' One of the intentions of the replacement is to promote international comparability by using it as a financial soundness indicator (FSI). The reported levels of this new NPLs indicator are, however, relatively low and, more important, much lower than the previous indicator, based on problem assets. The new NPL indicator levels are relatively stable, around 4 percent. The previous indicator was also stable, but the levels were more than three times higher, about 13 percent

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513577005
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    Series: IMF country reports ; 21, 78
    Subjects: BCBS guideline; IMF Monetary; asset CLASSIFICATION; NONPERFORMING loan regulation; forbearance Classification; E. upgrading NPL; Nonperforming loans; Collateral; Credit risk; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  14. Georgia
    eighth review under the extended fund facility arrangement : press release; and staff report
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The... more

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    Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent of GDP in 2020, and a recovery is expected to take hold in the second quarter of 2021

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513572826
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    Series: IMF country reports ; 21, 79
    Subjects: Policy discussion; inflation targeting framework; EFF arrangement; inflation expectation; budget lending; COVID-19; Loans; Credit; Central Asia; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  15. Uruguay
    technical assistance report : monetary and financial statistics mission
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    At the request of the Central Bank of Uruguay (BCU), and with the support of the International Monetary Fund's (IMF's) Western Hemisphere Department (WHD), a monetary and financial statistics (MFS) technical assistance (TA) mission from the IMF's... more

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    At the request of the Central Bank of Uruguay (BCU), and with the support of the International Monetary Fund's (IMF's) Western Hemisphere Department (WHD), a monetary and financial statistics (MFS) technical assistance (TA) mission from the IMF's Statistics Department (STA) visited Montevideo during February 3-14, 2020. The main objectives of the mission were to: (i) review available source data for other financial corporations (OFC); in particular, insurance corporations (IC), pension funds (PF), and credit administration companies (CAC); and (ii) compile standardized monetary statistics for OFC (report form SRF 4SR) in line with the 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG). The officials met during the mission are listed in Appendix I

     
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  16. Kingdom of the Netherlands-Aruba
    2021 Article IV consultation discussions : press release; staff report; and staff supplement
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Aruba managed to contain the pandemic in the first months of the outbreak but experienced a resurgence of new infections in the summer. The economic impact of COVID-19 is particularly severe given Aruba's high dependency on tourism. While the... more

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    Aruba managed to contain the pandemic in the first months of the outbreak but experienced a resurgence of new infections in the summer. The economic impact of COVID-19 is particularly severe given Aruba's high dependency on tourism. While the authorities' swift response has helped contain the human and economic damage, it could not avoid a severe GDP contraction

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513572833
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    Series: IMF country reports ; 21, 81
    Subjects: staff appraisal; budget proposal; staff analysis; tranche of financial support; debt sustainability risk; COVID-19; Tourism; Caribbean; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  17. Sudan
    first review under the staff-monitored program : press release; staff report; and statement by the Executive Director for Sudan
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The transitional government embarked on an IMF-supported Staff-Monitored Program (SMP) in 2020 to help address major macroeconomic imbalances caused by decades of mismanagement, lay the groundwork for inclusive growth, and establish a track record of... more

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    The transitional government embarked on an IMF-supported Staff-Monitored Program (SMP) in 2020 to help address major macroeconomic imbalances caused by decades of mismanagement, lay the groundwork for inclusive growth, and establish a track record of sound policies required for eventual HIPC debt relief. The challenges facing the authorities remain significant, but there have been improvements in both the domestic and external environment. International efforts to support Sudan have gained momentum and were bolstered by the removal of Sudan from the U.S. list of State Sponsors of Terrorism (SSTL), and the identification of bridge financiers for Sudan's arrears clearance to IDA and the African Development Bank (AfDB). Meanwhile, the government has moved forward on important structural reforms, and on February 8, 2021 the signatories to the October peace agreement were brought into a newly formed cabinet which reaffirmed its commitment to the economic reform program

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513572840
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    Series: IMF country reports ; 21, 82
    Subjects: government securities market; Sudan's Staff-Monitored Program; reform implementation; B. Policy coordination; economic situation in Sudan; Exchange rate unification; Exchange rates; Currencies; Market exchange rates; Commercial banks; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  18. Luxembourg
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Luxembourg
    Published: May 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both... more

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    The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is unusually high, dominated by the virus dynamics in the short term, with downside risks relating to a sharp rise in global risk premia, deglobalization trends, and changes in international taxation

     
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  19. Republic of Slovenia
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for the Republic of Slovenia
    Published: May 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable... more

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    The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable groups. They averted a larger decline in output and kept unemployment under control. After contracting by 5.5 percent in 2020, real GDP is projected to grow by 3.9 percent in 2021 and 4.5 percent in 2022, as vaccinations help achieve herd immunity. However, risks to the outlook are large and tilted to the downside, given the epidemiological situation

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573007
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    Series: IMF country reports ; 21, 094
    Subjects: savings-investment gap; Policy discussion; money market rate; government finance statistic yearbook; liquidity position; COVID-19; Loans; Nonperforming loans; Government finance statistics; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  20. Democratic Republic of the Congo
    technical assistance report : governance and anti-corruption assessment
    Published: May 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    At the request of His Excellency the President of the Republic and Head of State, the Legal (LEG) and Fiscal Affairs (FAD) Departments of the IMF conducted an assessment of governance and corruption mission in Kinshasa, Democratic Republic of the... more

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    At the request of His Excellency the President of the Republic and Head of State, the Legal (LEG) and Fiscal Affairs (FAD) Departments of the IMF conducted an assessment of governance and corruption mission in Kinshasa, Democratic Republic of the Congo (DRC) from December 9 to 20, 2019 (the 'mission').1 The objectives of the mission were to discuss with the authorities (i) a diagnostic of governance issues in the DRC; and (ii) to articulate measures to help improve governance and the fight against corruption

     
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  21. Republic of the Marshall Islands
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Republic of the Marshall Islands
    Published: May 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by... more

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    Strong and timely containment measures have successfully prevented a domestic COVID-19 outbreak but have also weighed on economic activity. The real GDP is estimated to have contracted by 3.3 percent in FY2020 and is projected to further decline by another 1.5 percent in FY 2021 due to continued travel restrictions. Economic activity is expected to pick up in FY2022, as COVID-related restrictions will be relaxed gradually. The government is currently negotiating the renewal of Compact of Free Association (COFA) financial provisions with the United States, but terms remain uncertain. The government is considering to repeal the SOV Act and a bill on establishing a Digital Economic Zone was submitted to the Parliament recently

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513572864
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    Series: IMF country reports ; 21, 096
    Subjects: RMI authorities; authorities in the Republic of Marshall Islands; government banking services; RMI's economy; fund CD; COVID-19; Natural disasters; Debt sustainability analysis; Pacific Islands; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 79 Seiten), Illustrationen
  22. Botswana
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Botswana
    Published: June 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Botswana entered the COVID-19 crisis with larger buffers than most countries, but significantly less than in the past. The country was contending with structural challenges, persistent negative external shocks and delays in adjustment that had... more

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    Botswana entered the COVID-19 crisis with larger buffers than most countries, but significantly less than in the past. The country was contending with structural challenges, persistent negative external shocks and delays in adjustment that had already caused a significant weakening of international reserves coverage and the fiscal position amid high unemployment. The pandemic exacerbated these challenges causing a sharp GDP contraction, among the strongest in SSA and a widening in the current account deficit. Foreign exchange reserves dropped further, though still remaining well above adequate levels. The fiscal deficit widened significantly as the government sought to counter the economic impact of the COVID-19 crisis, and implemented a sizeable public wage increase agreed in 2019. The deficit was financed partially by drawing down on the Government Investment Account

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573045
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    Series: IMF country reports ; 21, 098
    Subjects: International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  23. Cabo Verde
    technical assistance report : monetary and financial statistics mission
    Published: June 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    At the request of the IMF's African Department (AFR) and the Bank of Cabo Verde (BCV), a monetary and financial statistics (MFS) remote technical assistance (TA) mission from the IMF's Statistics Department (STA) took place during January 18-29,... more

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    At the request of the IMF's African Department (AFR) and the Bank of Cabo Verde (BCV), a monetary and financial statistics (MFS) remote technical assistance (TA) mission from the IMF's Statistics Department (STA) took place during January 18-29, 2021. The main objective of the mission was to assist the BCV in (i) reconciling the monetary accounts disseminated by the BCV with the monetary statistics submitted to STA for dissemination through International Financial Statistics and for internal use, in particular within AFR; (ii) improving the collection of data on sectoral distribution of credit by economic activity; and (iii) implementation of the IMF's 2016 Monetary and Financial Statistics Manual and Compilation Guide (MFSMCG).The work of the mission was facilitated by the excellent collaboration of the BCV's staff, in particular the Statistics and Economic Studies Department (DEE). The officials met during the mission are listed in Appendix I

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573052
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    Series: IMF country reports ; 21, 099
    Subjects: Monetäre Statistik; Finanzstatistik; Technische Zusammenarbeit; Statistische Methodenlehre; Kap Verde; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  24. Federated States of Micronesia
    technical assistance report : financial soundness indicators mission
    Published: June 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The International Monetary Fund's (IMF's) Statistics Department (STA) provided technical assistance (TA) on financial soundness indicators (FSI) to the Federated States of Micronesia Banking Board (FSMBB) during November 2-13, 2020. The TA mission... more

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    The International Monetary Fund's (IMF's) Statistics Department (STA) provided technical assistance (TA) on financial soundness indicators (FSI) to the Federated States of Micronesia Banking Board (FSMBB) during November 2-13, 2020. The TA mission took place in response to a request from the authorities, with the support of the IMF's Asia and Pacific Department (APD). The mission was conducted remotely via video conferences due to the COVID-19 pandemic and travel restrictions. The mission worked with the staff of the FSMBB on the development of FSIs that are in line with the IMF's 2019 FSI Guide.1 The main objectives of the mission were to: (i) review the source data, institutional coverage and accounting and regulatory frameworks supporting the compilation of FSIs; (ii) provide guidance for mapping source data for the banking sector to the FSI reporting templates FS2 and FSD as well as areas for improvement in the metadata; (iii) agree with the FSMBB the timeline to begin regular reporting of the FSIs for deposit-takers to STA, conditional on the availability and completeness of the source data; and (iv) agree on the timeliness of data reporting

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573069
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    Series: IMF country reports ; 21, 100
    Subjects: International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  25. Italy
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Italy
    Published: June 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have... more

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    The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have likely worsened. The government is prioritizing resolving the health emergency and transforming the economy to lift productivity, improve social outcomes and strengthen resilience to future shocks and structural change. The large National Recovery and Resilience Plan-partly financed by sizable Next Generation EU resources-will be used to increase physical and social infrastructure. Outlook. GDP is expected to recover strongly in 2021-22 and to grow well-above trend over the medium term, supported by investment spending. Nonetheless, economic scarring could be sizable. The two-sided risks relate to how the pandemic progresses, the efficiency of investment spending and the extent of savings drawdown, with large costs associated with the downside

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573083
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    Series: IMF country reports ; 21, 101
    Subjects: balance sheet repair; government support; liability positions vis-à-vis nonresident; money market rate; banks' capitalization; COVID-19; Loans; Income; Fiscal stance; Global; Europe; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 84 Seiten), Illustrationen