The Political Economy of GovTech
IMF Notes No 2023/003
IMF Staff Concludes Virtual Visit to Georgia
An International Monetary Fund (IMF) team led by Mr. James John held virtual meetings with the Georgian authorities during July 13-21, 2023 to discuss recent economic and financial developments and progress on reform priorities.
IMF Executive Board Concludes 2023 Article IV Consultation with Tuvalu
A successful vaccination strategy allowed Tuvalu to lift COVID containment measures at the end of 2022, but the economic cost of the pandemic has been significant. Real GDP growth was -4.3 percent in 2020, with at-the-border containment measures leading to delays in much-needed infrastructure projects. Activity has not fully recovered to its pre-pandemic level, with growth in 2021 at 1.8 percent and estimated at 0.7 percent for 2022. Headline inflation rose to 11.5 percent in 2022 in the context of higher global inflationary pressures, an increase in transportation costs around the world, and the increase in global food prices in the wake of Russia’s invasion of Ukraine. Fiscal savings from the pandemic-related reduction in public investment were partly offset by elevated spending on non-capital items.
Tanzanian President meets African Development Bank to advance post-Dakar 2 Africa Food Summit agricultural transformation
President of the United Republic of Tanzania H.E. Samia Suluhu Hassan and Bank Vice President Dr. Beth Dunford, with their respective delegations at Tanzania’s State House in Chamwino, Dodoma.
Mozambique: Prime Minister Maleiane commends African Development Bank Group’s partnership during visit by Bank Vice-President Akin-Olugbade and team
(From left to Right): Bank Director-General for Southern Africa, Leila Farah Mokaddem; Mozambican Prime Minister Adriano Maleiane;Bank Vice President for Regional Development, Integration and Business Delivery, Marie-Laure Akin-Olugbade; and Bank Country Manager for Mozambique, Cesar Augusto Mba Abogo