Economic growth remains robust, with inflation stable at the midpoint of the target range. Supported by the Policy Coordination Instrument (PCI), Resilience and Sustainability Facility (RSF), and the Stand-by Credit Facility (SCF) Rwanda is advancing its structural reforms focused on...

Economic growth in Seychelles appears to have slowed relative to earlier forecasts. Real GDP growth is projected at 3 percent in 2024 compared to an earlier projection of 3.7 percent. This reflects lower tourist arrivals in the wake of a temporary reduction in the number of direct flights and a...

Benin's strong reform drive and sound macroeconomic management over the past several years have provided policy space to bolster resilience to repeated shocks. The authorities started rebuilding policy buffers last year and recently regained access to the international capital market after a...

On December 9, 2024 the IMF's Board approved the Republic of Serbia's fourth, and final, review under the 2-year Stand By Arrangement (SBA) 2022-24, and a request for a successor 36-month Policy Coordination Instrument (PCI). Under the SBA, the authorities pursued ambitious reforms, helping...

The evaluation assesses the IMF's EAP from its inception in 2002 through mid-2023, the launch of the evaluation. Drawing on experience with 38 Exceptional Access (EA) arrangements during the evaluation period, the analysis spans the EAP's objectives and design, successive reforms, and experience...

Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on the IMF's Exceptional Access Policy (EAP), encompassing the policy's objectives and design, successive reforms, and experience with its implementation. They recognized that the Fund has sought to find a...

Policy adjustment and reforms are delivering on their objectives, with signs of stabilization crystallizing. Further headways have been made on the debt restructuring. With the December 2024 general elections approaching and considering past episodes of election-driven policy slippages, the...

The Executive Board approved 36-month, US$822 million arrangements under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) for Honduras in September 2023. The IMF-supported program aims to strengthen macroeconomic stability, create fiscal space for productive investment and...

On November 22, 2024, the Executive Board of the International Monetary Fund (IMF) discussed a paper on the Review of the IMF's Communication Strategy that outlines the objectives and scope of Fund communication, reviews its implementation in recent years, and proposes updates and modernization...