The FSAP started in an important macro-financial phase right after the second Covid wave and a third lockdown. The balance sheet resilience of major institutional sectors was at the center of policy considerations. Against this backdrop, the FSAP analyzed the pandemic's potential "scarring" of...

Cover -- Contents -- I. Introduction -- II. Recent Developments and Outlook -- III. Policy Discussions -- A. Fiscal Policies -- B. Financial Sector -- C. Growth-Enhancing Policies -- IV. Access and Capacity to Repay the Fund -- V. Staff Appraisal -- Tables -- 1. Selected Economic and Social...

At the request of the Government of Liberia (GoL), the IMF Fiscal Affairs Department (FAD) led an external assessment of the central government's public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology. The assessment was...

Cover -- CONTENTS -- CONTEXT AND RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- FIRST REVIEW UNDER THE EXTENDED ARRANGEMENT -- A. Fiscal Policy -- B. Monetary and Exchange Rate Policy -- C. Financial Sector Policy -- D. Structural Issues -- E. Program Issues -- ARTICLE IV DISCUSSIONS: REDUCING...

Cover -- CONTENTS -- GLOSSARY -- EXECUTIVE SUMMARY -- INTRODUCTION -- FINANCIAL SECTOR STRUCTURE AND PERFORMANCE -- A. The Banking Sector and Financial Stability -- B. The Nonbanking Sector and Financial Stability -- RISKS AND RESILIENCE OF THE BANKING SECTOR -- A. Financial Sector...

This paper discusses Mali's First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waiver of Performance Criteria (PC), and Request for Modification of PC. Economic recovery is under way but remains fragile. The buildup of the large-scale donor support has been...

Cover -- Contents -- Executive Summary -- I. Introduction -- II. Recent Economic Developments -- III. Policy Discussions -- A. Policies for 2007: Reducing Inflation -- B. Medium-Term Policies: Ensuring Fiscal Sustainability -- C. Medium-Term Policies: Promoting Sustained Nonhydrocarbon Growth --...

Cover -- Contents -- I. Introduction -- II. Strong Growth in 2006, Though Housing Market Started to Cool -- III. Growth Slowdown Ahead, with Risks on the Downside -- IV. Ample Room for Fiscal Stabilizers, but Population Aging Ahead -- V. Banks have Large Exposures to Property, but Big Cushions...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.