South Africa's economic growth has stagnated over the past decade due to entrenched structural rigidities. This paper examines the impact of reforms addressing shortcomings in governance, business ...

South Africa’s inflation-targeting framework has served the country well, playing a key role in reducing inflation since 2000. However, with inflation still above that of key trading partners, ...

South Africa’s public debt has tripled since the global financial crisis and is not expected to stabilize over the medium term under staff’s baseline. Cross-country evidence suggests that fiscal rules ...

The IMF Board today completed the Seventh Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US.4 billion (SDR 0.3 billion) to ...

An International Monetary Fund (IMF) staff team, led by Hans Weisfeld, visited Lomé during March 17 - March 28 to discuss macroeconomic developments and policies. This visit took place in the context ...

Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years.

Domestic sovereign bonds have become a growing source of government financing in Emerging Market and Developing Economies (EMDEs). This paper investigates the role of fiscal policies in determining ...

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...

The International Monetary Fund (IMF) conducted a scoping mission in the Philippines to assess the macroeconomic forecasting capacity of the Department of Finance (DOF) and identify areas for capacity ...

An International Monetary Fund (IMF) mission met with the Cypriot authorities during March 17–28, 2025 to discuss recent economic developments, the outlook and risks, and policy priorities. At the ...

We study the behavior of Covered Interest Parity (CIP) deviations – aka the CIP basis - in Emerging Markets (EM). A major challenge in computing the CIP basis in EM’s lies in measuring local currency ...

As part of the International Monetary Fund’s efforts to help its 191 member countries create more conducive macroeconomic and financial conditions for strong and durable economic growth driven by ...