The Executive Board approved a disbursement of SDR 53.55 million (about US$71 million) to Guinea under the Exogenous Shocks Window of the Rapid Credit Facility to help Guinea address immediate needs associated with the explosion of the main fuel depot in late 2023.
After years of shocks—including the COVID-19 pandemic and Russia’s invasion of Ukraine—countries are reevaluating their trading partners based on economic and national security concerns. Foreign direct investment flows are also being re-directed along geopolitical lines. Some countries are reevaluating their heavy reliance on the dollar in their international transactions and reserve holdings.
High Level Summary Technical Assistance Report No. 2024/017
IMF Reaches Staff-Level Agreement with Papua New Guinea on the Second Reviews of the Extended Credit Facility and the Extended Fund Facility
The Board of Directors of the European Investment Fund (EIF) appointed Nadia Calviño as Chair of the EIF Board. Ms. Calviño, who serves since 1 January as President of the European Investment Bank (EIB), assumes this position succeeding EIB Vice-President Gelsomina Vigliotti.
The region has an opportunity to develop critical minerals markets and processing industries to maximize the coming boom.
Keynote Address by Kristalina Georgieva, IMF Managing Director, at the Annual EU Budget Conference 2024 “Looking Ahead: The EU Budget of the Future,” April?29, 2024, Brussels
