Peru: Staff Concluding Statement of the 2024 Article IV Mission

The economy had a slight contraction in 2023, due to multiple consecutive shocks, while inflation decelerated rapidly. Economic growth declined to -0.6 percent in 2023, due to climate-related shocks and social turmoil. Inflation is converging towards the target thanks to the BCRP’s decisive monetary policy tightening. Strong supervision maintained financial stability. The fiscal position remained strong, although the fiscal deficit (of the non-financial public sector) reached 2.8 percent of GDP (above the fiscal rule target of 2.4 percent of GDP), reflecting a shortfall in tax revenues due to the economic slowdown. Led by sizable import compression and better terms of trade, the current account registered a surplus of 0.6 percent of GDP. International reserves remain at a comfortable level of about 28 percent of GDP.

IMF Staff Reached Staff-level Agreement on the Reviews of the Rwanda’s Policy Coordination Instrument and Arrangement under Resilience and Sustainability Facility, and the Stand-by Credit Facility Arrangement

An International Monetary Fund (IMF) team, led by Ruben Atoyan, visited Kigali from March 11– March 22, 2024, to discuss the authorities’ policy priorities and progress on reforms within the context of the third reviews of Rwanda’s Policy Coordination Instrument (PCI) and Resilience and Sustainability Facility (RSF), and the first review of the Stand-by Credit Facility (SCF) arrangement. Consideration by the Board is tentatively scheduled for May 2024.

Evaluation à mi-parcours de la stratégie régionale d’intégration de l’Afrique du Nord de la BAD sur la période 2020-2026

Date limite des candidatures: 26-Mar-2024

Evaluation indépendante du développement (IDEV) invite les bureaux d’études à manifester leur intérêt pour la mission: «Evaluation à mi-parcours de la Stratégie d’intégration régionale de la Banque Africaine de Développement (BAD) en Afrique du Nord au cours de la période 2020-2026 ».