This paper presents Benin's 2022 Article IV Consultation and Requests for an Extended Arrangement under the Extended Fund Facility (EFF) and an Arrangement under the Extended Credit Facility (ECF). Revenue mobilization-the cornerstone of the authorities' reform agenda-will, together with better...

This paper highlights Arab Republic of Egypt's Ex-Post Evaluation of Exceptional Access under the 2020 Stand-By Arrangement (SBA). In early 2020, the Egyptian authorities launched a broad policy response to address the immediate and severe economic disruption caused by the coronavirus disease...

This paper presents Cabo Verde's Request for an Arrangement under the Extended Credit Facility. Cabo Verde's economy is facing significant challenges associated with the lingering effects of the global pandemic, as well as rising food and fuel prices due to the war in Ukraine and the impact of...

This paper highlights Kenya's Third Reviews under the Extended Arrangement under the Extended Fund Facility and under the Arrangement under the Extended Credit Facility, Requests for Modification of Quantitative Performance Criteria, and Waiver of Applicability for Performance Criteria. A strong...

This paper provides new evidence on the role of IMF programs in stimulating private sector investments. Using detailed firm-level data on tangible fixed assets and a local projection methodology, we first estimate the dynamic response of firm investments to the approval of an IMF arrangement. We...

This paper presents Somalia's Second and Third Reviews under the Extended Credit Facility Arrangement, Request for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Interim Assistance, and Rephasing of Access and Extension of the Arrangement. The Somali...

This paper presents Niger's First Review under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria. The unfolding acute food crisis and the deteriorating security situation in the Sahel region have increased fiscal pressures. The war in Ukraine is...

This paper presents Republic of Congo's First Review under the Three-Year Extended Credit Facility (ECF) Arrangement, Requests for Modification of Performance Criteria, and Financing Assurances Review. Economic recovery is gaining momentum but remains fragile against the backdrop of the...

This paper presents Ecuador's Fourth and Fifth Reviews under the Extended Arrangement under the Extended Fund Facility (EFF), Request for a Waiver of Nonobservance of Performance Criterion, Rephasing of Access, and Financing Assurances Review. Ecuador's EFF-supported economic program aims to...

This paper discusses Jordan's 2022 Article IV Consultation and Fourth Review under the Extended Arrangement under the Extended Fund Facility (EFF), Request for Augmentation and Rephasing of Access, and Modification of Performance Criteria. Jordan's EFF program remains firmly on track. The...