This paper discusses the scope, methods, and effects of international coordination of economic policies.
Staff recommends completion of the first review under the Policy Coordination Instrument and modification of QTs for end-March and an establishment of end-September 2019 QTs.
An economic recovery is underway on the heels of the authorities’ large and timely policy response.
All reform targets were met, with some measures put in place ahead of schedule; and all end-September 2019 quantitative targets were met, except for the floor on tax revenue, missed by a narrow margin due to lower-than-projected taxes on ...
Most reform targets (RTs) have been implemented. The IMF Staff recommends completion of the third review under the Policy Coordination Instrument and establishment of end-September 2020 QTs.
The Cabo Verdean economy is in recession as a result of the economic impact of the pandemic that has shut down the tourism and transport sectors and significantly affected the rest of the economy.
Monetary policy has kept inflation under firm control, while supporting economic recovery. The resilience of the financial sector has improved.
Although the pandemic has remained fairly contained in Senegal, its economic impact has been severe.
The PCI for Seychelles will build on the lessons from the previous programs supported by the IMF. It aims to support the authorities’ efforts to consolidate macroeconomic stabilization and foster sustained and inclusive growth.
The economy has navigated the COVID-19 pandemic well.