Mr. Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Lusaka at the conclusion of his visit to Zambia from May 4-6: ...

Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are supporting a strong recovery in reserves ...

The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for North Macedonia and considered and endorsed the staff appraisal without a meeting on a lapse-of-t ...

An International Monetary Fund mission, led by Magnus Saxegaard and comprising Thomas Gade, Amit Kara, and Yurii Sholomytskyi, conducted discussions for the 2024 Article IV consultation with Iceland ...

Hong Kong SAR is facing ongoing challenges from climate change, with projections indicating that these issues will remain prevalent or even intensify in the future. In response, Hong Kong SAR has ...

Hong Kong SAR’s significant demographic pressures will create fiscal challenges for the authorities. Fiscal expenditure pressures from population aging have already been rising rapidly for over a ...

The Covid-19 pandemic has disrupted global supply chains, leading to shipment delays and soaring shipping costs. We study the impact of shocks to global shipping costs—measured by the Baltic Dry Index ...

Hong Kong SAR’s corporate sector vulnerabilities appear manageable but have increased in recent years. Local non-real estate firms have seen weakening profitability and lower debt-servicing capacity, ...

Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate at the low level of 13 percent. In the following year, real revenue from the PIT ...

Tariffs will weigh on the global economy and dent the region’s post-pandemic economic momentum. That’s because exports have ...

First, Europe should aim for more, not less trade. Preserving openness is crucial given the importance of trade (Figure 5), ...

In the context of the Fifty-First Meeting of the IMFC that took place in Washington, D.C. on 24th and 25th April, IMFC members welcomed the ongoing efforts to end wars and conflicts, recognizing that ...