This 2023 Article IV Consultation with Portugal discusses that the economy sustained its dynamic recovery from the pandemic into 2022. Growth is projected to soften for the rest of the year to average 2.6 percent in 2023 and 1.8 percent in 2024. Inflation is expected to continue to ease over...

This paper highlights The Gambia's Sixth Review under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of a Performance Criterion, and Financing Assurances Review. The IMF Executive Board decision allows for an immediate disbursement of funds to the Gambia to help...

This paper presents Union of Comoros' request for a 4-year arrangement under the Extended Credit Facility (ECF). The ECF-supported program will help preserve Comoros' macroeconomic stability and implement the authorities' plans for fiscal consolidation, financial sector stabilization, and...

This paper presents Sierra Leone's Sixth and Seventh Reviews under the Extended Credit Facility (ECF), Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, Rephasing of Disbursements, and Financing Assurances Review. The IMF Executive Board completed the...

This 2023 Article IV Consultation discusses that Israel's impressive economic performance continued in 2022. Economic activity is expected to decelerate in 2023, and thereafter converge toward its potential. IMF staff projects economic growth to slow to about 2.5 percent in 2023, as households'...

This Selected Issues paper focuses on climate vulnerabilities and food insecurity in Mali. Mali is extremely vulnerable to climate change and the country is already facing acute climate-related challenges from higher temperatures and more frequent extreme weather events. The impact of climate...

This 2023 Article IV Consultation highlights that Mali's economy has been hit by multiple shocks since 2020 but remained resilient in 2022 amid high inflation. Real gross domestic product (GDP) growth increased from 3.1 percent in 2021 to 3.7 percent in 2022, despite elevated security and...

This 2023 Article IV Consultation highlights that the US economy has proven resilient in the face of the significant policy tightening that took place in 2022. Consumer demand has held up particularly well, boosted initially by a drawdown of pent-up savings and, more recently, by solid growth in...

This paper presents Paraguay's First Review Under the Policy Coordination Instrument (PCI) and Request for Modification of Targets. The PCI supports Paraguay's macroeconomic policies and structural reforms, aiming at ensuring macroeconomic and fiscal stability, fostering economic growth, and...

This paper focuses on Guinea-Bissau's the First Review Under the Extended Credit Facility (ECF). Program performance was satisfactory with all but one end-January 2023 quantitative performance criteria met for end-January 2023 and all structural measures at end-March 2023 for the second review...