Statement by the IMF Mission on the Fifth Review of Mongolia's Extended Fund Facility
An International Monetary Fund (IMF) staff team led by Mr. Geoff Gottlieb visited Ulaanbaatar from July 25 to August 6, 2018 to conduct discussions on the fifth review of the three-year Extended Fund Facility (EFF) arrangement approved on May 24, 2017...
Afghanistan Needs to Safeguard Recovery, Says World Bank
Released on August 7, the twice-a-year Update states that following the economic shock of the withdrawal of international troops, the associated decline in aid and deterioration in security, and the period of political instability after the 2014...
Philippines: Enabling Business to Reduce Poverty in Mindanao
Northern Mindanao, among the most progressive regions in southern Philippines, is already a vibrant business center reaping the benefits of economic zones, heavy industries and agribusiness enterprises. Initiatives that further enhance the growth of...
Updated Blocking Statute in support of Iran nuclear deal enters into force
The updated Blocking Statute is part of the European Union's support for the continued full and effective implementation of the Joint Comprehensive Plan of Action (JCPOA) – the Iran nuclear deal, including by sustaining trade and economic relations...
IMF Staff Concludes Visit to Mozambique
An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during July 25–August 3, 2018, to take stock of recent macroeconomic developments, update the macroeconomic framework for 2018-19, and provide input to the...
IMF Staff Concludes Visit to Kenya
On March 14, 2016, the Executive Board of the International Monetary Fund (IMF) approved a SDR 709.259 million (about US$989.8 million, or 131 percent of Kenya’s quota) 24-month Stand-By Arrangement (SBA). The first review of the SBA was completed on...
IMF Executive Board Concludes Article IV Consultation with Hungary
On August 1, 2018 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Hungary, and considered and endorsed the staff appraisal without a meeting.
Proposals to extend LBTT relief to property investments 'common sense'
The Chartered Institute of Taxation (CIOT) has welcomed Scottish Government plans to consider the introduction of a new relief from Land and Buildings Transaction Tax (LBTT) for investors such as pension funds and insurance companies that invest in...
The Bogota Metro is Moving Forward with World Bank Support
Reiterating its commitment to promoting competitive cities through improved infrastructure, urban integration and environmental protection, the World Bank approved the initial funds for building the Bogota metro, which will promote mobility, urban...
OECD annual inflation up to 2.8% in June 2018, driven by energy and food prices
