Policy Paper No. 2023/006

The pilot reviews documented transparency practices across all key aspects of central banking and highlighted the areas for improvement. The CBT reviews’ recommendations received strong traction from the participating central banks. A survey of the participating central banks, conducted following each CBT review, confirmed that all CBT pilots were viewed as very beneficial, confirming staff’s view of the efficacy and success of the CBT. The pilot CBT reviews helped to facilitate work in other IMF workstreams, notably the Financial Sector Assessment Program (FSAP), Article IV consultations, and Technical Assistance.

An International Monetary Fund (IMF) mission, led by Mr. Olaf Unteroberdoerster, visited Abidjan during March 1-14 to discuss potential IMF financial support for the authorities’ program of economic policies and reforms

Mr. Vahram Stepanyan, the International Monetary Fund (IMF) Resident Representative to Ukraine, made the following statement today: “An International Monetary Fund (IMF) mission, led by Mr. Gavin Gray, held policy discussions with the Ukrainian authorities in Warsaw, Poland, during March 8-15 on their request for a Fund-supported program.

Country Report No. 2023/112

Country Report No. 2023/111

Country Report No. 2023/113

Following the pandemic, Sweden’s economy experienced a strong recovery, which continued well into 2022. GDP growth is projected at around 3 percent in 2022. The labor market improved, while general labor shortages persisted. A higher budget surplus is expected for 2022. Inflationary pressures intensified in 2022 despite several monetary policy actions. Strong borrowing by households and real estate firms fueled price and value growth, with both house prices and total household debt in relation to income peaking in end-2021. House prices started to decline in the second half of 2022. Commercial real estate (CRE) companies took on more debt, with the sector becoming highly concentrated.

Economic activity is recovering. Real GDP is estimated to have expanded by 2.5 percent in 2022, supported by the non-energy sector which was partially offset by an unexpected weak performance of the energy sector. Inflation increased, reaching 8.7 percent by end-2022, driven by imported energy and food prices, partial liberalization of domestic fuel prices in 2022, and domestic floodings. Banks’ credit to the private sector is recovering and the banking sector appears well-capitalized, liquid, and profitable. The current account surplus expanded, and foreign reserves coverage remained adequate at 7.6 months of prospective total imports.

Wiem Taieb, a Master’s student at the library of the National Agronomic Institute of Tunisia (INAT), keenly leafs...