The European Outlook and Policymaking: Seeing Off Inflation and Pivoting to Longer-Term Reforms

Good morning to all of you. Thank you for the introduction. It is a pleasure to be here today and for the first time at the Budapest Economic Forum. I am honored to have been invited to speak. Today, I will discuss the outlook for Europe and how we see the risks. Inflation, implications of the geoeconomic fragmentation, and the green transition will be particular areas of focus. I will discuss key policies for securing low inflation and forging a path of higher long-term growth.

IMF Reaches Staff-Level Agreement on the First Review under the Extended Credit Facility, Extended Fund Facility, Resilience and Sustainability Facility, and Concludes the 2023 Article IV Consultation with Bangladesh

IMF mission team led by Mr. Rahul Anand visited Dhaka during October 4–19, 2023 to discuss economic and financial policies in the context of the first review of the IMF’s Extended Credit Facility (ECF), Extended Fund Facility (EFF), Resilience and Sustainability Facility (RSF) and the 2023 Article IV consultation.

IMF Reaches Staff-Level Agreement on the First Review of Sri Lanka’s Extended Fund Facility Arrangement

“The IMF team reached a staff-level agreement with the Sri Lankan authorities on the first review under an economic reform program supported by a 48-month Extended Fund Facility (EFF) arrangement. The arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March 20, 2023.

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