Country Report No. 2024/134

Country Report No. 2024/133

With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023. CPI inflation has fallen faster than was envisaged last year and is projected to return durably to target in early 2025.

The Peruvian authorities have notified the International Monetary Fund (IMF) of their intention to let the current Flexible Credit Line (FCL) arrangement, approved by the IMF’s Executive Board on May 27, 2022, expire on May 26, 2024 and not to seek a successor FCL arrangement. This decision has been expected given the authorities’ previous intention to exit the arrangement conditional on evolution of external risks.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Peru on May 20, 2024

Creating a supportive environment for women through family-friendly policies, flexible labor markets, and progressive social norms will yield economic gains

High Level Summary Technical Assistance Report No. 2024/020

An International Monetary Fund mission, led by Magnus Saxegaard and comprising Thomas Gade, Fazurin Jamaludin, and Amit Kara, conducted discussions for the 2024 Article IV consultation with Iceland during May 7–22, 2024. At the conclusion of the visit, the mission issued the following statement

European Investment Bank (EIB) President Nadia Calviño met with French President Emmanuel Macron at the Elysée Palace today, accompanied by EIB Vice-President Ambroise Fayolle. With European Parliament elections just a few weeks away, she discussed major EU priorities with President Macron for around an hour.