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Europe > Ukraine

You are looking at 1 - 10 of 11 items for :

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Cover IMF Staff Country Reports
Sierra Leone: Poverty Reduction and Growth Strategy
International Monetary Fund. African Dept.
This paper highlights Sierra Leone’s Poverty Reduction and Growth Strategy. The Government of Sierra Leone (GoSL) has launched a new Medium-Term National Development Plan (MTNDP). Crucial lessons have been learned in the implementation of the previous plan 2019-2023 that are important for the current acceleration and transformative plan to deliver a resilient and robust economy for Sierra Leone by 2030. Accordingly, five national goals for 2030 have been identified to accelerate efforts toward achieving the country’s vision of becoming an inclusive and green middle-income country by 2039. One of the goals is to create 500,000 jobs for the youth (with at least a 30% representation of women), including skilled and unskilled, long term, as well as seasonal jobs across all sectors by 2030 (directly related to Big 5.3). While the agriculture industry experienced modest growth, its reliance on the domestic market has impeded the ability to expand agricultural exports.
Keywords:
government ministry; Medium-Term National Development Plan; government of Sierra Leone; Sierra Leone economy; Development secretary Mr. Peter Sam-Kpakra; Public sector; Global; Africa; West Africa; Sub-Saharan Africa
Cover Policy Papers
The Managing Director's Global Policy Agenda, Spring Meetings 2024: Rebuild, Revive, Renew
International Monetary Fund
The global economy has shown remarkable resilience, and appears headed for a soft landing. But buffers have been eroded, growth prospects are lackluster, and vulnerable countries are at risk of falling further behind. While inflation has fallen, it remains above target in many countries. Against this background, the key policy priorities are to: (i) rebuild buffers; (ii) revive medium-term growth; and (iii) renew the IMF’s commitment to ensure that our policies, lending toolkit, and governance are fit for purpose. Central banks need to finish the job on inflation, carefully managing its descent to target. With a soft landing in sight, policymakers’ focus needs to shift to fiscal consolidation to safeguard public finances. Reviving growth prospects will require accelerating structural reforms and joint efforts by countries to tackle transformational challenges. Firmly grounded in its mandate, working with its members, and in partnership with other international organizations, the IMF will continue to serve its members with policy advice, financial lifelines, and capacity development to help safeguard their economic and financial stability, a foundation for inclusive and sustainable growth.
Keywords:
Policy agenda; IMF surveillance; IMF-WTO dialogue; global Policy agenda; quota resource; lending capacity; Fiscal consolidation; Inclusive growth; Financial sector stability; Financial sector risk; Artificial intelligence; Global
Cover IMF Staff Country Reports
Togo: Demande d’un accord de 42 mois au titre de la facilité élargie de crédit-communiqué de presse; rapport des services du FMI; analyse de viabilité de la dette; annexe d’information; déclaration de l’administrateur pour le Togo
International Monetary Fund. African Dept.
Bien que sa croissance ait bien résisté aux chocs ces dernières années, le Togo fait face à un niveau élevé d’insécurité alimentaire et d’attaques terroristes, et ses besoins en matière de développement demeurent considérables. Les déficits budgétaires et la dette ont augmenté, ce qui a eu pour effet d’annuler la baisse de l’endettement obtenue au cours de la période de l’accord FEC de 2017–20, de réduire la marge de manoeuvre budgétaire et les réserves permettant d’absorber les chocs, et de contribuer aux vulnérabilités au sein de l’Union économique et monétaire ouestafricaine (UEMOA). Deux banques sous-capitalisées, l’une publique et l’autre récemment privatisée, font peser des risques sur la stabilité du secteur financier et sur les finances publiques. Les autorités sollicitent un soutien financier de 200 % de la quote-part du Togo (293,60 millions de DTS) dans le cadre d’un accord au titre de la FEC d’une durée de 42 mois.
Keywords:
Objectif du programme ECF; Le Fonds; Accord ECF; Programme ECF; un soutien financier; fonction gouvernementale; la viabilité de la dette; Banques commerciales; Global; Afrique occidentale.
Cover IMF Staff Country Reports
Togo: Request for a 42-Month Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Togo
International Monetary Fund. African Dept.
This paper discusses Togo’s Request for a 42-Month Arrangement under the Extended Credit Facility (ECF). Togo continues to face headwinds, following a series of shocks in recent years. The ECF-arrangement will help accelerate poverty reduction, maintain macroeconomic stability, and catalyze further external financing, benefitting Togo and thereby contributing to the macroeconomic and external stability in the West African Economic and Monetary Union (WAEMU). The authorities will strengthen debt sustainability through a large fiscal consolidation in line with a dual fiscal anchor. By providing and catalyzing concessional financing for budget purposes, the program will help ease trade-offs between enhancing inclusion through higher social spending and strengthening debt sustainability. It will also help maintain macroeconomic and external stability in the WAEMU. In order to support growth and limit fiscal and financial sector risks, the authorities will strengthen public financial management, improve the business environment, and ensure the reform of the remaining state-owned bank that was not completed under preceding programs.
Keywords:
ECF program objective; The Fund; ECF arrangement; ECF program; financial support; government function; Debt sustainability; Commercial banks; Global; West Africa
Cover Policy Papers
The Managing Director’s Update on the FY 2023 Work Program of the Executive Board
International Monetary Fund. Policy Development and Review Dept.
The membership is facing significant challenges, including high inflation, rising food and energy insecurity, elevated debt levels, tightening financial conditions, volatile capital flows and exchange rates, and intensifying geopolitical fragmentation. To this end, the Executive Board Work Program focuses on policy responses and bilateral and multilateral advice to stabilize the global economy and build resilience, critical financial assistance to those countries most affected by these shocks, and capacity development support to help implement policy advice. More than ever, the Fund has a key role to play in promoting international cooperation and collaborative solutions to shared challenges, including those related to climate, digitalization, and inclusion.
Keywords:
surveillance policy agenda; fund policy; surveillance agenda; executive board executive board meeting; resilience agenda; IMF lending toolkit; Digitalization; Development strategy; Climate policy; Global
Cover IMF Staff Country Reports
United Republic of Tanzania: Request For a 40- Month Arrangement Under The Extended Credit Facility —Press Release; Staff Report; And Statement By The Executive Director For The United Republic Of Tanzania
International Monetary Fund. African Dept.
Tanzania’s economy is gradually recovering from the negative effects of the COVID-19 pandemic. While IMF emergency financing (0.8 percent of GDP) in 2021 helped address fiscal pressures, preserve stability, and finance the authorities’ COVID-19 economic and health response, Tanzania continues to face development and reform challenges to unleash its economic potential. The authorities are seeking renewed Fund assistance to support the country facing protracted balance of payments needs associated with the two external shocks—the COVID-19 pandemic and the war in Ukraine—and to support the authorities’ reform agenda summarized in their Five-Year Development Plan.
Keywords:
ECF arrangement; IMF emergency financing; interest rate; IMF financial support; financing gap; COVID-19; Debt sustainability; Debt sustainability analysis; Global; Eastern Europe
Cover Policy Papers
A Strategy for IMF Engagement on Social Spending
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness
Cover Policy Papers
A Strategy for IMF Engagement on Social Spending
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
Interest in social spending issues has intensified over the last decade. This reflects concerns about rising inequality and the need to support vulnerable groups, especially in the aftermath of the global financial crisis. In line with this, the Fund has also increased its engagement on social spending issues. This paper outlines a strategy to guide IMF engagement on social spending issues going forward.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness; IMF surveillance; program policy advice; policy trade-off; Income inequality; Health care spending; Inclusive growth; Social assistance spending; Education spending; Global; IMF engagement; SpendingA strategy; engagement on Social SpendingIMF Executive Board Supports New Strategy for engagement; financing constraint
Cover Policy Papers
Une stratégie pour le FMI en matière de dépenses sociales
International Monetary Fund. Fiscal Affairs Dept.
,
International Monetary Fund. Strategy, Policy, &amp
, and
Review Department
La question des dépenses sociales connaît un vif regain d'intérêt depuis une dizaine d’années. La montée des inégalités et le nécessaire soutien des populations vulnérables focalisent de plus en plus d’attention, surtout depuis la crise financière mondiale. Parallèlement, le FMI a multiplié ses travaux sur les dépenses sociales. Ce document propose une stratégie pour guider l’action du FMI concernant les différents aspects des dépenses sociales.
Keywords:
PP; spending; spending issue; social spending; fund; effectiveness
Cover Policy Papers
IMF Managing Director's Statement to the Development Committee, April 2019
International Monetary Fund
While growth in advanced economies is losing momentum amid trade tensions and policy uncertainty, activity in many emerging and low-income developing countries (EMDEs) has remained more robust, supported by still favorable financing conditions. Differences across EMDEs are large, however, and downside risks are building. Policy priorities include enhancing resilience in response to a more challenging global environment, creating fiscal space for essential development spending, containing debt vulnerabilities, and promoting strong and inclusive growth. Strengthening revenue generating capacity, enhancing public spending efficiency, and addressing infrastructure gaps are critical for reaching the 2030 Sustainable Development Goals.
Keywords:
PP; policy; financial support; debt; policy priority; debt limits policy; policy diagnostic; policy uncertainty; IMF support; debt vulnerability; Inclusive growth; Debt sustainability; Sustainable Development Goals (SDG); Global