Republic of Latvia: Staff Concluding Statement of the 2024 Article IV Mission
The Latvian economy contracted in 2023 with significant disinflation against the backdrop of geopolitical headwinds.
Denmark Staff Concluding Statement of the 2024 Article IV Mission
Denmark has demonstrated remarkable resilience in the face of the pandemic and energy crises. Staff expects robust growth to continue in 2024, but there are considerable external risks, including from geopolitical tensions. The financial system remains sound, but systemic risks are elevated due to still-high interest rates and heightened vulnerabilities in commercial real estate (CRE) markets. Demographic challenges and low productivity growth pose risks for long-term growth. Against this background, the policy priorities are as follows.
IMF Staff Concludes Mission to Senegal on Second Reviews of the Extended Fund Facility and Extended Credit Facility, and the Resilience and Sustainability Facility
Dakar, Senegal: A staff team from the International Monetary Fund (IMF) led by Mr. Edward Gemayel, conducted a mission in Dakar during June 6-19 to review progress under the authorities’ economic program supported by the IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements of SDR 1,132.6 million (about US$ 1.5 billion), combined with the Resilience and Sustainability Facility (RSF) of SDR 242.70 million (about US$320 million). The EFF/ECF and RSF arrangements were approved by the IMF Executive Board on June 26, 2023.
IMF Executive Board Concludes 2024 Article IV Consultation with Switzerland
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Switzerland.
Italy: EIB lends €200 million to Iren Group to boost electricity infrastructure
The European Investment Bank (EIB) and the Iren Group have signed a €200 million financing agreement to support the development and modernisation of electricity infrastructure in the municipalities of Parma, Turin and Vercelli.