Iceland: Financial System Stability Assessment
Country Report No. 2023/220
The Government of Barbados Forms a Coalition of Multilateral Banks to Develop Resilient Infrastructure and to Drive New Social and Nature Capital Investments, Building on Its Resilience and Sustainability Facility at the IMF
The Government of Barbados announced at the Summit for a New Global Financing Pact in Paris an integrated package of innovative initiatives to accelerate its transition to net zero, boost resilience, enfranchise workers, and draw in private sector investment while prudently managing public debt levels. These initiatives build on the ongoing climate policy reforms, supported by the Resilience and Sustainability Facility with the International Monetary Fund, which are expected to play a catalytic role in mobilizing private and public sector financing for climate projects.
IMF Executive Board Concludes 2023 Article IV Consultation with Iceland
The Icelandic economy has shown remarkable resilience and rebounded quickly from the multiple shocks in recent years. Real GDP grew by 6.4 percent in 2022, the fastest since 2007, on the back of a strong rebound in tourism and domestic demand, and higher incomes from an improvement in the terms of trade. The economy is currently operating well above potential which, together with high import and house prices, has pushed inflation significantly above target, and contributed to external imbalances. The Central Bank of Iceland has raised the policy rate by 800 basis points between April 2021 and May 2023, and tightened macroprudential measures. Fiscal policy was contractionary in 2022, though not enough to sufficiently slow domestic demand, and the underlying fiscal stance deteriorated.
Webinar to Connect African and Japanese Women Entrepreneurs
What: Young African and Japanese women entrepreneurs networking webinar
Who: Gender, Women and Civil Society Department, African Development Bank; and the Asia External Representation Office
When: 22 June 2023; 08:00-10:30 GMT (17:00-19:30 Japan Standard Time)
Where: Online
African Development Bank approves $107.8 million to promote Tanzania’s green and resilient recovery from Covid-19 impacts
The African Development Bank is extending $108 million to Tanzania to enhance livelihoods through support to small and medium enterprises, women and youth.
African Development Bank’s Adesina to speak at 2023 OPEC Fund Development Forum
What: African Development Bank’s Adesina to speak at 2023 OPEC Fund Development Forum
Who: OPEC Fund for International Development; African Development Bank Group President Akinwumi Adesina; government leaders; and global experts
When: 20 June 2023
African Development Bank Group Annual Report 2022: Bank Group demonstrates strong performance and commitment to African countries
The African Development Bank Group has released its 2022 Annual Report. The report shows solid performance over the year, recording a significant increase in lending to the Bank Group’s regional member countries in the face of a challenging global environment for Africa.