Finance & Economics

Statement by IMF Staff Mission to Argentina

An International Monetary Fund (IMF) mission led by Mr. Roberto Cardarelli visited Argentina during November 9–16, 2018 to conduct discussions on the Second Review of Argentina’s IMF-supported program under the Stand-By Arrangement (SBA).

IMF Executive Board Completes First Review of Malawi's ECF Arrangement and Approves US$ 15.4 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) on November 21, completed the first review of Malawi’s performance under its program supported by a three-year arrangement under the Extended Credit Facility (ECF).

Korea Invests $9 Million to Support Development of Science and Technology Skills Across Sub-Saharan Africa

The International Centre of Insect Physiology and Ecology (ICIPE signed an initial US$ 3.8 million grant agreement with the World Bank on November 23, as part of a larger US$ 9 million grant by the Government of Korea to support the Regional...

IMF Reaches Staff-Level Agreement on the Sixth Review of Mongolia's Extended Fund Facility

An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from November 7-17, 2018 to conduct discussions on the sixth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017, in...

Timor-Leste’s Economy Expected to Regain Momentum

Economic growth in Timor-Leste is expected to accelerate to 3.3 percent in 2019 and 4.9 percent in 2020, according to a new World Bank report released here on November 22. The October 2018 Timor-Leste Economic Report underscored that this rebound...

IMF Staff Concludes Visit to Mozambique

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–19, 2018, to review recent economic developments and initiate discussions on possible options for engagement with the Mozambican authorities in...

IMF Staff Concludes Visit to Honduras

An International Monetary Fund (IMF) team led by Esteban Vesperoni visited Tegucigalpa from November 12-16 to assess recent economic developments since the completion of the 2018 Article IV consultation in May and the medium-term outlook.

Timor-Leste Can Create a Sustainable, Prosperous Economy for All, says New World Bank Report

A new World Bank report explores how Timor-Leste can develop a sustainable economy that benefits all people in the country by increasing investment in human capital and service delivery, boosting economic growth, promoting private sector job creation...

IMF Staff Completes Review Mission to Gabon

An International Monetary Fund (IMF) mission led by Boileau Loko visited Libreville during November 7–16 to conduct discussions on the third review of Gabon’s extended arrangement under the Extended Fund Facility (EFF).

World Bank Report Highlights New Linkages between Sustainable High Growth and Job Creation

High-growth firms in emerging economies account for more than 50% of all new jobs and sales despite making up less than 20% of all firms in manufacturing and services. These firms create a domino effect on others through increased demand and/or...