€100 million EU for Ukraine Advisory Programme rolls out
This week the European Investment Bank (EIB) welcomed Ukrainian government officials involved in the preparation and implementation of EIB-funded projects to discuss ways of speeding up and increasing the efficiency of multiple recovery projects. The initiative was supported by the Ministry of Finance of Ukraine and the European Commission.
Fiscal Reform Can Help Dominican Republic Attract Greater Investment
Changes to taxation and other policies can help the already fast-growing economy realize its full potential.
IMF Reaches Staff-Level Agreement with Guinea Bissau on Sixth Review of Extended Credit Facility Arrangement
The IMF and Guinea Bissau have reached staff-level agreement on economic policies that could support the sixth review of the Extended Credit Facility (ECF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Guinea Bissau will have access to about US$ 7.2 million.
Kingdom of the Netherlands – Sint Maarten: Staff Concluding Statement of the 2024 Article IV Consultations Mission
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged. Going forward, policies need to address long-standing structural challenges, including boosting medium-term growth, restoring the government’s competitiveness to recruit and retain talent, and dealing with mounting deficits in the healthcare insurance fund.
Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2024 Article IV Mission
Curaçao’s economy expanded strongly, continuing its pivot towards a tourism-led growth model.
IMF Executive Board Completes Fourth Review of the Arrangement Under the Extended Credit Facility and First Review of the Arrangement Under the Resilience and Sustainability Facility for Cabo Verde
The IMF Executive Board completed the fourth review of the 36-month arrangement under the Extended Credit Facility with Cabo Verde, providing the country with access to SDR 4.5 million (about US$5.94 million) and the first review of the 18-month arrangement under the Resilience and Sustainability Facility, providing the country with access to SDR 5.264 million (about US$6.94 million).
IMF Staff Completes 2024 Article IV Mission to Vietnam
Vietnam’s economy is projected to expand by close to 6 percent in 2024, up from 5 percent in the previous year, driven by a recovering export sector, robust foreign direct investment, and policy support.
IMF Executive Board Concludes 2024 Article IV Consultation with the Republic of Uzbekistan
Washington, DC – June 26, 2024: On June 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Uzbekistan and considered and endorsed the Staff Appraisal on a lapse-of-time basis without a meeting.