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.
Changes to taxation and other policies can help the already fast-growing economy realize its full potential.
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.
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.
Curaçao’s economy expanded strongly, continuing its pivot towards a tourism-led growth model.
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).
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.
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.
The ECG Fall 2024 Meeting is co-chaired by the Independent Evaluation Department of EBRD (IEvD-EBRD) and Independent Evaluation Office of the Central American Bank for Economic Integration (IEO-CABEI). It will take place from 11 to 13 November 2024, at CABEI Headquarters in Tegucigalpa, Honduras.
