IMF Executive Board Discusses Macroeconomic Developments and Prospects in Low-Income Countries

On March 29, 2024, the Executive Board of the International Monetary Fund (IMF) discussed the IMF staff paper on macroeconomic developments and prospects in low-income countries (LICs) [link], which includes in-depth analysis of strategies for strengthening social safety nets (SSN) in LICs. The paper defines LICs as those 69 countries eligible for the Poverty Reduction and Growth Trust facilities.

IMF Staff Reaches Staff-Level Agreement on the Second Reviews Under the Extended Fund Facility (EFF) Arrangement and the Resilience and Sustainability Facility (RSF) with Seychelles and Completes 2024 Article IV Mission

An International Monetary Fund (IMF) team led by Mr. Todd Schneider visited Victoria from March 21-April 3, 2024, to conduct discussions on the second reviews of Seychelles’ economic and financial program supported by the Extended Fund Facility (EFF) Arrangement and the Resilience and Sustainability Facility (RSF).

Serbia-Bulgaria railway project on Corridor Xc launched

Construction work has begun on the Niš-Dimitrovgrad railway section near the Serbian city of Pirot. The project involves the reconstruction and modernisation of an existing unelectrified single-track railway line from Sićevo to Dimitrovgrad and the construction of the northern rail bypass around the city of Niš, as well as electrification and signalling work on both stretches. As part of the EU Economic and Investment Plan, the overall modernisation of up to 104 km of railway lines will result in shorter journey times and improved safety and regional connectivity, while enabling a gradual shift to more environmentally friendly transportation options.

Vacancy: Advisor, AsDB

As Advisor and a member of the IED leadership team, you will (i) provide advice and guidance on a wide range of strategic, policy, and operational matters, including guidance on methods and approaches for complex evaluations; (ii) oversee department management and backroom support including sharing of knowledge and oversight on the planning, development, and monitoring of IED’s operations and resources.