IMF Managing Director Appoints Romy Bowers as Director of the Office of Risk Management

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Ms. Romy Bowers as Director of the Office of Risk Management (ORM). Ms. Bowers will succeed Brenda Boultwood and is expected to take up her appointment on January 8, 2024.

IMF Staff Completes the First Review of the Arrangements under the Extended Fund Facility and Extended Credit Facility for the Islamic Republic of Mauritania and Concludes an Arrangement under the Resilience and Sustainability Facility

An IMF mission led by Mr. Felix Fischer held discussions on the first review of the program supported by the Extended Fund Facility and the Extended Credit Facility arrangements, approved by the IMF Executive Board on January 25, 2023 for a total amount of SDR 64.40 million, approximately US$ 86.9 million over 42 months and a new program supported by the Resilience and Sustainability Facility (RSF).

Costa Rica: Staff Concluding Statement of the 2023 Article IV Mission, Fifth Review under the Extended Fund Facility, and Second Review Under the Resilience and Sustainability Facility Arrangement

An International Monetary Fund (IMF) staff team, led by Mr. Ding Ding, visited San Jos é during October 18–27.

Joint statement on sustainable procurement initiatives by the heads of procurement at Multilateral Development Banks

The Heads of Procurement (HoP) network of the Multilateral Development Banks (MDBs) was formed over 20 years ago to harmonize their operational policies and practices for the purpose of enhancing economy, efficiency, effectiveness, and fairness across all MDB financed operations.

The European Outlook and Policymaking: Seeing Off Inflation and Pivoting to Longer-Term Reforms

Good morning to all of you. Thank you for the introduction. It is a pleasure to be here today and for the first time at the Budapest Economic Forum. I am honored to have been invited to speak. Today, I will discuss the outlook for Europe and how we see the risks. Inflation, implications of the geoeconomic fragmentation, and the green transition will be particular areas of focus. I will discuss key policies for securing low inflation and forging a path of higher long-term growth.

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