The African Development Bank and ILX Management B.V. (ILX) today signed a partnership agreement to scale up investments and spur institutional investor capital mobilization for Sustainable Development Goals and climate-focussed private sector projects in the Bank Group’s regional member countries.
Country Report No. 2023/144
Selected Issues Paper No. 2023/025
Selected Issues Paper No. 2023/026
Jordan’s financial sector, dominated by banks, has withstood several large external shocks (Global Financial Crisis, Arab Spring, war in Syria and influx of refugees, and COVID-19) since the latest FSAP that was conducted in 2008-09 in part thanks to measures implemented by the authorities to enhance the system’s resilience and oversight. At the current juncture, global growth headwinds, high energy and food prices, and higher interest rates are putting pressure on corporate and household sector balance sheets.
An IMF mission led by Mr. Gabriel Di Bella visited Pristina during March 8-24; and held follow-up virtual and in-person meetings during March 27-April 14, to discuss macroeconomic policies, the energy sector, the reform agenda, climate change mitigation and adaptation policies, and possible IMF support.
The COVID-19 pandemic and the war in Ukraine have severely affected Comoros, exacerbating already weak macroeconomic conditions. While benefiting from substantial aid from the diaspora and development partners during the pandemic, Comoros’ economic activity stagnated in 2020-2021. The expected recovery in 2022 was interrupted by Russia’s war in Ukraine and its spillovers on global commodity prices, with inflation reaching record double-digit levels in 2022 and a considerably worsened fiscal outlook. Effects of the shocks are expected to recede in 2023, with growth expected at 3 percent, although considerable uncertainty remains in the global outlook.
