The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and ...

The growing role of nonbanks in corporate credit intermediation raises important but underexplored questions about how both monetary policy (MP) and macroprudential policies (MaPP) affect lending and ...

Las autoridades deben ampliar la compensación centralizada y supervisar la creación de mercado, en particular por parte de las instituciones financieras no bancarias, y los operadores deben seguir des ...

In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and ...

Oil-exporting economies face the risk of an acceleration in the energy transition. A risk-based approach calls for urgent preparation for the post-oil era by diversifying exports and transforming the ...

Second, stay the course on sound macroeconomic policies. In times of uncertainty, markets will scrutinize fundamentals.

Activity and inflation responded slowly to the Federal Reserve’s rate hikes in 2022. Was this because the transmission of monetary policy had changed? Or did other shocks offset tighter policy? We use ...

An International Monetary Fund (IMF) mission led by Mr. Nathan Porter has concluded its staff visit to Islamabad which began on May 19, 2025. The staff visit focused on recent economic developments, ...

Les décideurs devraient élargir le champ de la compensation centrale et surveiller les activités de tenue de marché, y ...

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of ...

In a speech at CEPS in Brussels, IMF European Department Director Alfred Kammer outlines how Europe can secure growth and ...

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the ...