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Displaying results 1 to 19 of 19.

  1. Financial constraints of EU firms
    a sectoral analysis
    Author: Asdrubali, Pierfederico; Hallak, Issam; Harasztosi, Péter
    Published: 2022
    Publisher:  Publications Office of the European Union, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789276529415
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    Series: Array ; 173 (October 2022)
    Subjects: financing gap; financial constraints; EU sectoral characteristics; access to finance
    Scope: 1 Online-Ressource (circa 94 Seiten)
  2. Sierra Leone
    request for disbursement under the rapid credit facility
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Sierra Leone continues to grapple with the serious and persistent economic and social effects of the pandemic. Containment measures and trade disruptions in 2020 weakened domestic demand and exports and caused domestic revenues to fall. Moreover,... more

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    Sierra Leone continues to grapple with the serious and persistent economic and social effects of the pandemic. Containment measures and trade disruptions in 2020 weakened domestic demand and exports and caused domestic revenues to fall. Moreover, food insecurity has risen from its already-high pre-COVID-19 level. 2021 is set to be another challenging year, with the 'second wave' of infections and vaccine-related uncertainties posing further risks to the recovery. As import growth picks up and development partner support returns to pre-2020 levels, Sierra Leone faces urgent external and fiscal financing needs (both around about 2 percent of GDP). Uncertainty about the outlook and larger near-term financing gaps have impeded the immediate resumption of the program under the Extended Credit Facility (ECF). The authorities are therefore requesting a disbursement under the Rapid Credit Facility (RCF) of 17 percent of quota (SDR 35.26 million). This follows the June 2020 RCF (50 percent of quota or SDR 103.7 million) and would bring total access for the past 12-month period to 82 percent of quota (or 5 1\2 percent of GDP), well within the 150 percent of quota annual PRGT access limit. The authorities also received debt relief under the Catastrophe Containment and Response Trust (CCRT) and are participating in the Debt Service Suspension Initiative (DSSI)

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513574578
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    Series: IMF country reports ; 21, 58
    Subjects: ISCR; CR; emergency financing from the IMF; financing situation; financing gap; priority spending; Sierra Leonean authorities
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  3. Republic of Madagascar
    request for a 40-month arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Republic of Madagascar
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4... more

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    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4 percent of GDP) helped close short-term financing gaps, supported mitigation measures, and contributed to catalyzing donor budget support. The authorities are seeking renewed Fund assistance to help the country face protracted balance of payment needs aggravated by the impact of the pandemic and support the authorities' reform agenda summarized in the Plan Emergence Madagascar (PEM)

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513576794
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    Series: IMF country reports ; 21, 75
    Subjects: ECF arrangement; financing gap; reform strategy; financing needs; frontloaded disbursement; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 130 Seiten), Illustrationen
  4. Arab Republic of Egypt
    2021 Article IV consultation, second review under the stand-by arrangement : press release; staff report; and statement by the Executive Director for the Arab Republic of Egypt
    Published: July 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health... more

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    The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513592046
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    Series: IMF country reports ; 21, 163
    Subjects: consumer price index inflation; CBE's inflation target; end-March monetary policy Consultation clause; financing gap; financial asset; Budget planning and preparation; Climate finance; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 109 Seiten), Illustrationen
  5. Burundi
    request for disbursement under the rapid credit facility : press release; staff report; and statement by the Executive Director for Burundi
    Published: November 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President... more

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    Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President Nkurunziza's decision to run for a third term. Real GDP growth was positive, at 1.8 percent in 2019, but difficult policy challenges persisted

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781557755476
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    Series: IMF country report ; no. 21, 242
    Subjects: article IV consultation report; response plan; financing gap; pandemic response; audit mechanism; SDR equivalent; COVID-19; Imports; Debt sustainability analysis; Global; Africa; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  6. Republic of Congo
    request for a three-year arrangement under the exted credit facility : press release; staff report; and statement by the Executive Director for the Republic of Congo
    Published: February 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic... more

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    A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic diversification, and resilience will help confront challenges from climate change, and the global transition to low-carbon economies-gradually resulting in improved incomes, job creation, inequality, and exit from fragility. In the near term, fiscal space to address these challenges is limited. Although debt sustainability was recently restored, large liquidity risks and vulnerabilities remain. Due to arrears and on-going negotiations with an external commercial creditor, debt is classified as "in distress". The recent AIV consultation concluded on September 24, 2021

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9798400202681
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    Series: IMF country report ; no. 22, 49
    Subjects: Congolese authorities; government website; financing gap; debt vulnerability; support economic recovery; oil price shock; clearing arrears; Arrears; Oil; gas and mining taxes; Fiscal stance; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  7. Nepal
    request for an arrangement under the extended credit facility : press release; staff report; debt sustainability analysis; staff supplement; and statement by the Executive Director for Nepal
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than... more

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    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    Format: Online
    ISBN: 9798400200380
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    Series: IMF country report ; no. 22, 24
    Subjects: financing gap; procurement contract; ECF arrangement; November data; import surge; consumer price inflation; COVID-19; Debt relief; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  8. Solomon Islands
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Solomon Islands
    Published: January 2022
    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 and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is projected to... 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 and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is projected to recover gradually starting this year and to gain strength as containment measures are relaxed and borders re-opened. Elevated pandemic-related uncertainties as well as longstanding social, economic and governance challenges and vulnerability to natural disasters pose headwinds to inclusive growth. Despite strong external buffers, weaker fiscal position increases vulnerability to shocks, while the decline in logging weighs on fiscal revenues and growth prospects

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    ISBN: 9798400200106
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    Series: IMF country report ; no. 22, 14
    Subjects: IMF executive board staff; financing gap; CBSI data; COVID expenditure; land mass; COVID-19; External sector statistics; Pacific Islands; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  9. Seychelles
    first review under the extended fund facility arrangement : press release; staff report; and statement by the Executive Director for the Seychelles
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The expected macroeconomic recovery has materialized. Seychelles remains a leader in vaccine coverage at home, and the widespread availability of vaccines in Seychelles' key tourist markets, particularly Europe, is contributing to a strong rebound in... more

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    The expected macroeconomic recovery has materialized. Seychelles remains a leader in vaccine coverage at home, and the widespread availability of vaccines in Seychelles' key tourist markets, particularly Europe, is contributing to a strong rebound in tourism. The economic outlook, while positive, remains subject to the uncertain evolution of the COVID-19 pandemic globally

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616359058
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    Series: IMF country report ; no. 22, 6
    Subjects: financing gap; inflation dynamics; monetary policy transmission mechanism; government operation; accommodative monetary policy stance; Credit; Loans; Commercial banks; Europe; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  10. Malawi
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Malawi
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain... more

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    Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain relatively low: real GDP growth in 2021 is projected to pick up to 2.2 percent from 0.9 percent in 2020 helped by a good harvest. However, inflation is expected to increase to 9 percent in 2021 from 8.6 percent in 2020, driven by increases in prices of fuel, fertilizer and food, leaving real per capita growth in the negative region

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616354886
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    Series: IMF country report ; no. 21, 269
    Subjects: financing gap; fund advice; private sector investment; governance issue; fiscal policy stance; soft commodity; Debt sustainability; International reserves; Africa; Global; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 113 Seiten), Illustrationen
  11. Malawi
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Malawi
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain... more

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    Malawi, a fragile state with one of the highest incidences of poverty, food insecurity and frequent weather-related shocks, has been severely affected by the pandemic. There are signs of gradual recovery and daily COVID-19 positive cases remain relatively low: real GDP growth in 2021 is projected to pick up to 2.2 percent from 0.9 percent in 2020 helped by a good harvest. However, inflation is expected to increase to 9 percent in 2021 from 8.6 percent in 2020, driven by increases in prices of fuel, fertilizer and food, leaving real per capita growth in the negative region

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    ISBN: 9781616354886
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    Series: IMF country report ; no. 21, 269
    Subjects: financing gap; fund advice; private sector investment; governance issue; fiscal policy stance; soft commodity; Debt sustainability; International reserves; Africa; Global; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 113 Seiten), Illustrationen
  12. Republic of Congo
    request for a three-year arrangement under the exted credit facility : press release; staff report; and statement by the Executive Director for the Republic of Congo
    Published: February 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic... more

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    A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic diversification, and resilience will help confront challenges from climate change, and the global transition to low-carbon economies-gradually resulting in improved incomes, job creation, inequality, and exit from fragility. In the near term, fiscal space to address these challenges is limited. Although debt sustainability was recently restored, large liquidity risks and vulnerabilities remain. Due to arrears and on-going negotiations with an external commercial creditor, debt is classified as "in distress". The recent AIV consultation concluded on September 24, 2021

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9798400202681
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    Series: IMF country report ; no. 22, 49
    Subjects: Congolese authorities; government website; financing gap; debt vulnerability; support economic recovery; oil price shock; clearing arrears; Arrears; Oil; gas and mining taxes; Fiscal stance; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  13. Nepal
    request for an arrangement under the extended credit facility : press release; staff report; debt sustainability analysis; staff supplement; and statement by the Executive Director for Nepal
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than... more

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    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9798400200380
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    Series: IMF country report ; no. 22, 24
    Subjects: financing gap; procurement contract; ECF arrangement; November data; import surge; consumer price inflation; COVID-19; Debt relief; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  14. Solomon Islands
    2021 Article IV consultation : press release; staff report; and statement by the Executive Director for Solomon Islands
    Published: January 2022
    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 and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is projected to... 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 and aggravated pre-existing socio-economic tensions. Following a contraction in 2020, growth is projected to recover gradually starting this year and to gain strength as containment measures are relaxed and borders re-opened. Elevated pandemic-related uncertainties as well as longstanding social, economic and governance challenges and vulnerability to natural disasters pose headwinds to inclusive growth. Despite strong external buffers, weaker fiscal position increases vulnerability to shocks, while the decline in logging weighs on fiscal revenues and growth prospects

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    ISBN: 9798400200106
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    Series: IMF country report ; no. 22, 14
    Subjects: IMF executive board staff; financing gap; CBSI data; COVID expenditure; land mass; COVID-19; External sector statistics; Pacific Islands; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  15. Seychelles
    first review under the extended fund facility arrangement : press release; staff report; and statement by the Executive Director for the Seychelles
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The expected macroeconomic recovery has materialized. Seychelles remains a leader in vaccine coverage at home, and the widespread availability of vaccines in Seychelles' key tourist markets, particularly Europe, is contributing to a strong rebound in... more

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    The expected macroeconomic recovery has materialized. Seychelles remains a leader in vaccine coverage at home, and the widespread availability of vaccines in Seychelles' key tourist markets, particularly Europe, is contributing to a strong rebound in tourism. The economic outlook, while positive, remains subject to the uncertain evolution of the COVID-19 pandemic globally

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781616359058
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    Series: IMF country report ; no. 22, 6
    Subjects: financing gap; inflation dynamics; monetary policy transmission mechanism; government operation; accommodative monetary policy stance; Credit; Loans; Commercial banks; Europe; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 80 Seiten), Illustrationen
  16. Burundi
    request for disbursement under the rapid credit facility : press release; staff report; and statement by the Executive Director for Burundi
    Published: November 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President... more

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    Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President Nkurunziza's decision to run for a third term. Real GDP growth was positive, at 1.8 percent in 2019, but difficult policy challenges persisted

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
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    ISBN: 9781557755476
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    Series: IMF country report ; no. 21, 242
    Subjects: article IV consultation report; response plan; financing gap; pandemic response; audit mechanism; SDR equivalent; COVID-19; Imports; Debt sustainability analysis; Global; Africa; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  17. Republic of Madagascar
    request for a 40-month arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Republic of Madagascar
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4... more

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    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4 percent of GDP) helped close short-term financing gaps, supported mitigation measures, and contributed to catalyzing donor budget support. The authorities are seeking renewed Fund assistance to help the country face protracted balance of payment needs aggravated by the impact of the pandemic and support the authorities' reform agenda summarized in the Plan Emergence Madagascar (PEM)

     
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    Source: Staatsbibliothek zu Berlin
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    ISBN: 9781513576794
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    Series: IMF country reports ; 21, 75
    Subjects: ECF arrangement; financing gap; reform strategy; financing needs; frontloaded disbursement; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 130 Seiten), Illustrationen
  18. Arab Republic of Egypt
    2021 Article IV consultation, second review under the stand-by arrangement : press release; staff report; and statement by the Executive Director for the Arab Republic of Egypt
    Published: July 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health... more

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    The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513592046
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    Series: IMF country reports ; 21, 163
    Subjects: consumer price index inflation; CBE's inflation target; end-March monetary policy Consultation clause; financing gap; financial asset; Budget planning and preparation; Climate finance; Global; International Agreements; International Organizations; Monetary Policy; Observance
    Scope: 1 Online-Ressource (circa 109 Seiten), Illustrationen
  19. Sierra Leone
    request for disbursement under the rapid credit facility
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Sierra Leone continues to grapple with the serious and persistent economic and social effects of the pandemic. Containment measures and trade disruptions in 2020 weakened domestic demand and exports and caused domestic revenues to fall. Moreover,... more

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    Sierra Leone continues to grapple with the serious and persistent economic and social effects of the pandemic. Containment measures and trade disruptions in 2020 weakened domestic demand and exports and caused domestic revenues to fall. Moreover, food insecurity has risen from its already-high pre-COVID-19 level. 2021 is set to be another challenging year, with the 'second wave' of infections and vaccine-related uncertainties posing further risks to the recovery. As import growth picks up and development partner support returns to pre-2020 levels, Sierra Leone faces urgent external and fiscal financing needs (both around about 2 percent of GDP). Uncertainty about the outlook and larger near-term financing gaps have impeded the immediate resumption of the program under the Extended Credit Facility (ECF). The authorities are therefore requesting a disbursement under the Rapid Credit Facility (RCF) of 17 percent of quota (SDR 35.26 million). This follows the June 2020 RCF (50 percent of quota or SDR 103.7 million) and would bring total access for the past 12-month period to 82 percent of quota (or 5 1\2 percent of GDP), well within the 150 percent of quota annual PRGT access limit. The authorities also received debt relief under the Catastrophe Containment and Response Trust (CCRT) and are participating in the Debt Service Suspension Initiative (DSSI)

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513574578
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    Series: IMF country reports ; 21, 58
    Subjects: ISCR; CR; emergency financing from the IMF; financing situation; financing gap; priority spending; Sierra Leonean authorities
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen