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1 day ago · The augmentation of the IMF’s financial support to Zambia from the approved SDR 978.2 million (about $1.3 billion) to SDR 1,271.66 million (about $1.7 billion) will help support authorities’ response to the drought. The revised 2024 Budget reprioritizes spending to accommodate emergency relief for 1.2 million additional households.
4 days ago · The IMF's 2020 External Sector Report finds that overall current account deficits and surpluses narrowed modestly in 2019 to just under 3 percent of world GDP. The IMF’s multilateral approach suggests that about 40 percent of overall current account deficits and surpluses were excessive in 2019. The external outlook for 2020 is subject to high uncertainty and cross-country variation.
4 days ago · The value of the U.S. dollar in terms of the SDR is the reciprocal of the sum of the dollar values, based on market exchange rates, of specified quantities of the SDR basket currencies. See SDR Valuation. These rates are the official rates used by the Fund to conduct operations with member countries ...
3 days ago · IMF Members' Quotas and Voting Power, and Board of Governors; IMF Regional Office for Asia and the Pacific; IMF Capacity Development Office in Thailand (CDOT) IMF Regional Office in Central America, Panama, and the Dominican Republic; Eastern Caribbean Currency Union (ECCU) IMF Europe Office in Paris and Brussels ; IMF Office in the Pacific Islands
5 days ago · Countries in the Middle East and North Africa (MENA) progress in improving economic governance. However, surveys suggest that citizens and businesses continue to view weak governance and corruption as serious problems in the region. Governance indicators broadly corroborate this view. Improving governance and fighting corruption are key to addressing the COVID-19 pandemic fallout and building forward better for a sustainable and inclusive recovery. For instance, stronger control of ...
4 days ago · We welcome the IMF’s work on advancing the debt agenda jointly with the World Bank, including by continuing to support the effective implementation of the G20 Debt Service Suspension Initiative and Common Framework, which are also agreed by the Paris Club, and by reviewing key policies and rolling out enhanced tools to support efficient implementation of sovereign debt restructuring.
6 days ago · The IMF’s 2018 ESR shows that global current account balances stand at about 3¼ percent of global GDP. Of this, 40-50 percent are now deemed excessive, i.e. some countries are saving too much, and others are borrowing too much. And while global imbalances remain broadly unchanged in recent years, they have become increasingly concentrated in advanced economies.
