The FINANCIAL — An International Monetary Fund (IMF) staff team led by Mercedes Vera Martin conducted virtual discussions from October 5 to November 9, 2020, on the Seventh Review under the Extended Fund Facility (EFF) arrangement. At the conclusion of the mission,
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The FINANCIAL — The Kingdom of Morocco, the World Bank Group and the International Monetary Fund (IMF) announced today that the planned World Bank Group-IMF Annual Meetings scheduled to take place in Marrakesh, Morocco, in October 2021 will be postponed by 12 months
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The FINANCIAL — The International Monetary Fund (IMF), as Trustee of the Poverty Reduction and Growth Trust (PRGT), and the Banco de España have entered into an amendment of their 2017 borrowing agreement through which the Banco de España will provide an additional
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The FINANCIAL — An International Monetary Fund (IMF) team led by S. Ali Abbas, concluded virtual discussions with the Jordanian authorities and reached a staff-level agreement on the first review of the authorities’ economic reform program supported by the Extended Fund Facility (EFF)
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The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) is providing a €30 million standby credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA) to ensure that citizens and businesses are protected against potential vulnerabilities in the financial sector
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The FINANCIAL — When paying for coffee, we swipe, tap, wave, and soon may wink—a quick and painless exchange of coffee for money. But when paying for imports or sending remittances, we often fill-out forms, wait for days, and pay—too much. Progress to
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The FINANCIAL — An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from October 6 to 11, 2020 to learn and assess more about the Argentine authorities’
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The FINANCIAL -- The IMF Executive Board approved a disbursement of US$200 million for budget support to help Georgia meet urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic. The pandemic is expected to have a significant impact on Georgia’s
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DEVELOPMENT COMMITTEE: THE MANAGING DIRECTOR'S WRITTEN STATEMENT -- The global coronavirus outbreak is a crisis like no other and poses daunting challenges for policymakers in many emerging market and developing economies (EMDEs), especially where the pandemic encounters weak public health systems, capacity
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The FINANCIAL – IMF team reaches a staff level agreement with the Georgian authorities for the completion of the Sixth Review and an augmentation of access under the Extended Fund Facility. Pending the Executive Board approval, about $200 million will be
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