Today’s gathering comes two years after Russia’s invasion of Ukraine, a subsequent energy-price roller coaster, and the advent of a more fragmented global economy. Against this backdrop Europe has done well, because governments acted fast and decisively. Unemployment rates have remained low, inflation has declined sharply, and the EU announced a new accession effort—stemming the tide of fragmentation.
Technical Assistance Report No. 2024/022
Bulgaria: Staff Concluding Statement of the 2024 Article IV Mission
Growth has proven resilient despite the continued fallout from the war in Ukraine and is set to strengthen starting this year albeit to subpar levels. Inflation continues to decline, but wage pressures linger. Risks remain elevated, including from an intensification of regional conflicts and an abrupt slowdown in Europe, and domestically, from rising political tensions and more expansionary macroeconomic policies. On the other hand, opening of European Union accession talks could sustain the reform momentum and boost confidence.
The Executive Board of the International Monetary Fund (IMF) on March 15, 2024, concluded the annual discussions on common policies of member countries of the West African Economic and Monetary Union (WAEMU) .
An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad from March 14-19, 2024, to hold discussions on the second review of Pakistan’s economic program supported by an IMF Stand-By Arrangement (SBA).
Country Report No. 2024/070
