IMF Reaches Staff-Level Agreement with Guinea Bissau on Fourth and Fifth Reviews of Extended Credit Facility Arrangement

IMF staff and the Guinea Bissau authorities have reached staff-level agreement on economic policies that could support the fourth and fifth reviews of the Extended Credit Facility (ECF) arrangement. Once the review is approved by IMF Management and completed by the IMF Executive Board, Guinea Bissau will have access to an additional SDR 6.17 million (about US$ 8.2 million).

Panama: Staff Concluding Statement of the 2024 Article IV Mission

In the two decades preceding the pandemic, Panama advanced in income convergence, with Panama’s income ratio to the US increasing from thirty-three to forty-eight percent. Rapid growth was driven by an unprecedented construction and investment boom that included major construction projects, such as the enlargement of the Panama Canal and the Tocumen airport, and the expansion of the services and logistics sectors that benefited from those projects. From the supply side, convergence was in large part supported by a sharp increase in the employment to population rate. This was the result of a demographic transition, an increase in female labor force participation, and a significant drop in unemployment.

Remarks by the Managing Director, Kristalina Georgieva at the Oesterreichische Nationalbank Conference: Bretton Woods @ 80 and Austria's IMF Membership @ 75

Remarks by the Managing Director, Kristalina Georgieva at the Oesterreichische Nationalbank (OENB) Conference: Bretton Woods @ 80 and Austria's IMF Membership @ 75

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