On the occasion of its Annual Meetings, to be held from 22 to 26 May 2023 in Sharm el Sheikh, Egypt, the African Development Bank Group plans to highlight the role that multilateral development banks could play in building a new development architecture beyond the financial.
The African Development Bank Group, on 28 April 2023, announces the 13-month debarment of Société Bel Mabrouk Des Travaux et Investissements S.A.R.L with effect from 11 April 2023. Société Bel Mabrouk Des Travaux et Investissements S.A.R.L is a limited liability company registered under the laws of...
Country Report No. 2023/146
Country Report No. 2023/147
Selected Issues Paper No. 2023/028
Moldova’s economy contracted sharply in 2022, reflecting spillovers from the war; a modest recovery is expected in 2023. Inflation remains high but continues to decline rapidly. Fiscal policies are focusing on mitigating the impacts of the overlapping crises and supporting economic recovery. Risks to the energy sector have abated for now, reflecting authorities’ prudent use of contingency plans. Nevertheless, the outlook remains subject to extreme uncertainty, primarily due to risks of further escalation of the war. Moldova’s program implementation remains strong despite this challenging environment, notably with recent completion of important reforms, which can help promote the integrity, capacity, and independence of key anti-corruption institutions and enhance enforcement of the anti-corruption legal framework.
The current two-year FCL arrangement for Colombia was approved by the IMF’s Executive Board on April 29, 2022 (see Press Release No. 22/135) in an amount equivalent to SDR 7.1557 billion (about US$9.8 billion). The Colombian authorities stated their intention to continue treating the FCL arrangement as precautionary.
IMF Executive Board Approves a US$191.4 million Extended Credit Facility Arrangement with the Central African Republic
