Productivity is another essential part of the reform effort. And here, deeper market-oriented structural reforms are critical. Enabling a greater role for markets to direct resources to areas of ...

Southeast Asia’s major economies have made major strides over the last couple of decades. The largest have seen income per capita grow at least three-fold over the past 20 years amid global ...

In light of recent global shocks and rising external volatility, there is a growing need to effectively monitor short-term ...

The Spanish economy has continued to perform strongly, expanding significantly faster than euro area peers. Notwithstanding the adverse effect and heightened uncertainty from the conflict in the ...

Many countries are ramping up industrial policy to boost innovation in specific sectors in the hope of reigniting productivity and long-term growth, amid security concerns. Major initiatives are ...

The Executive Board of the International Monetary Fund (IMF) today completed the ninth and tenth reviews under the Extended Credit Facility (ECF) arrangement for Guinea-Bissau.

This paper develops a methodology to assess the impact of a trade diversification strategy on aggregate import costs. Using granular bilateral import data for The Bahamas, we estimate that ...

This paper estimates debt overhang thresholds separately for 105 countries using a Kalman Filter approach applied to a standard growth model. The results reveal pronounced heterogeneity in the ...

IMF staff and the Seychellois authorities reached a staff-level agreement on the policies needed to complete the two final reviews under the 36-month Extended Fund Facility and Resilience and ...

Europe’s defense spending is undergoing a historic shift. With NATO members expected to reach 2% of GDP and discussions underway to increase targets to 5% by 2035, this paper examines the possible ...

Comprehensive regulatory reforms, including a simplified and coherent national licensing and permitting policy, can help ...

Financial conditions have tightened as central banks continue to hike interest rates. Amid the highly uncertain global environment risks to financial stability have increased substantially. Major ...