Mitigating Climate Change at the Firm Level: Mind the Laggards
Working Paper No. 2023/242
Bahamas: Staff Concluding Statement of the 2023 Article IV Mission
The Bahamas’ economy continued to rebound vigorously in 2022. Real GDP growth reached 14.4 percent and unemployment fell to 8.8 percent with a broad-based expansion that was especially strong for tourism. However, labor force participation, particularly among men, remained below pre-pandemic levels. In 2023, international flight and cruise arrivals rose well above their pre-pandemic levels leading to a projected 4.3 percent expansion in the year, bringing the economy back to estimates of potential output.
IMF Executive Board Completes the First Reviews Under the Extended Credit Facility and Extended Fund Facility Arrangements for Papua New Guinea
Papua New Guinea’s economic outlook remains favorable. Growth is expected to soften to 3.0 percent this year, due to the normalization of LNG production, but is projected to rebound to 5.0 percent in 2024, spurred by the expected reopening of Porgera gold mine and by sustained growth in the agriculture and service sectors. Inflation—after significantly declining in the past year due to fiscal measures and lower imported inflation, is projected to rise, reaching 3.5 percent by end-2023 and 5.0 percent by end-2024.
The Fund’s Income Position for FY 2023— Actual Outcome
Policy Paper No. 2023/049
IMF Reaches Staff-Level Agreement with Cameroon on the Fifth Reviews of Extended Credit Facility and Extended Fund Facility and Concludes Article IV Consultation
Cameroon IMF Extended Credit Facility Extended Fund Facility Article IV
Gita Gopinath’s Introductory Remarks for the Conference “Fiscal Policy in an Era of High Debt”
Good morning and welcome to our conference on “Fiscal Policy in an Era of High Debt”. Since the mid-1970s, global public debt has tripled to reach 92 percent of GDP by the end of 2022. So, debt levels had been rising for some time.
Opening Remarks by IMF Managing Director Kristalina Georgieva at APEC Leaders’ Meeting in San Francisco, California, United States, November 17, 2023
Thank you, President Biden, for inviting me to join the leaders. And let me go straight to where we are in the world economy. First, the good news. The global economy has been surprisingly resilient in 2023. But the recovery from the two consecutive shocks – the pandemic and the war – remains slow and uneven, and divergence in economic fortunes across the world continues to grow.