The global food crisis remains a major challenge. Food insecurity fueled by widely experienced increases in the cost of living has become a growing concern especially in low-income countries, even if price pressures on global food markets have softened somewhat since the onset of Russia's war in...

This paper presents Argentina's Fourth Review under the Extended Arrangement under the Extended Fund Facility (EFF), Requests for Modification of Performance Criteria, Waiver for Nonobservance of Performance Criteria, and Financing Assurances Review. Achieving the 2023 primary fiscal deficit...

This paper presents Ukraine's Request for an Extended Arrangement under the Extended Fund Facility (EFF) and Review of Program Monitoring with Board Involvement. Ukraine's EFF-supported program aims to anchor policies that sustain fiscal, external, price and financial stability and support...

This paper presents Papua New Guinea's Requests for an Arrangement under the Extended Credit Facility (ECF) and an Extended Arrangement under the Extended Fund Facility (EFF). The 38-month arrangement will support Papua New Guinea's reform agenda, which seeks to help protect the vulnerable and...

This paper focuses on Republic of Madagascar's 2022 Article IV Consultation, Third Review under the Extended Credit Facility Arrangement, and Requests for a Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria. Two years of pandemic and multiple climate shocks...

This paper presents Sri Lanka's Request for an Extended Arrangement under the Extended Fund Facility (EFF). The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock...

This paper presents Cameroon's Third Reviews under the Extended Credit Facility and the Extended Fund Facility Arrangements, and Requests for Waivers for Performance Criteria Applicability, Nonobservance of Performance Criteria and Modification of Performance Criteria. The economic recovery is...

(IEO), which provides an early evaluation of the Fund's emergency response to the initial stage of the COVID-19 pandemic and seeks to draw lessons from the experience for responding to possible future global crises. They highlighted the report's key finding that the Fund's response was effective...

As the evaluation notes, the Fund's rapid response was not without costs and risks. The decision to provide extraordinary access, including through emergency financing, in the face of this unprecedented crisis has inevitably raised pressures on the Fund's own, and its members', balance sheets....

This 2023 Article IV Consultation highlights that the Samoan economy has begun recovering after a three-year recession driven by the coronavirus disease 2019 (COVID-19) pandemic. A rebound in economic activity has followed the lifting of domestic COVID-19restrictions in July and the pickup in...