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IMF Staff Concludes Staff Visit to Yemen
May 2, 2024
Colombia: Request for an Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Colombia
May 2, 2024
Colombia’s very strong policies and policy frameworks have
helped to significantly reduce domestic and external imbalances and brought the economy
to more sustainable levels of activity and demand. Market confidence has improved, but
risk premia remain high compared to peers. The authorities remain committed to
sustaining their track record of very strong policies to durably eliminate imbalances while
facilitating a smooth convergence of the economy to potential levels and enhancing the
country’s resilience and capacity to respond to shocks.
Fiscal Policies
May 1, 2024
Guinea Bissau: Further Improvements in Tax Compliance
May 1, 2024
This summary provides an overview of the guidance provided to the Guinea-Bissau tax administration on the consolidation of its modernization agenda, underpinned by the tax administration´s digital transformation. Starting amid the COVID-19 pandemic, the digitalization journey has progressively improved taxpayer services with FAD guidance. The tax administration reform´s next steps should focus on the use of information technology and third-party data to enhance timely voluntary tax compliance, enforce accurate reporting, and incentivize and monitor revenue mobilization. The TA report also reviewed the next steps to the Value-Added Tax implementation.
Morocco: 2024 Article IV Consultation, Review Under the Flexible Credit Line Arrangement, First Review Under the Resilience and Sustainability Arrangement, and Rephasing of Access Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Morocco
May 1, 2024
The Moroccan economy once again showed resilience to negative shocks in
2023, as economic activity accelerated, inflation slowed, and the current account deficit
narrowed despite headwinds from water scarcity (which caused a severe loss of jobs in
the agricultural sector), the September 2023 earthquake, and lower growth in the Euro
Area. The ambitious infrastructure plan announced by the authorities (including in water
and energy sectors) is expected to boost investment and growth in the next few years,
with the current account gradually converging towards the medium-term norm. The
fiscal deficit in 2023 was below the level projected in the Budget and the authorities
reiterated their commitment to a gradual fiscal consolidation over the next three years.
Implementation of the structural reform agenda has continued, particularly regarding
the overhaul of social protection, health care, and education systems.
Transcript of Press Briefing: Asia Pacific Department Regional Economic Outlook April 2024
April 30, 2024
IMF Staff Reaches Staff-Level Agreement with Mali on Rapid Credit Facility and Completes 2024 Article IV Mission
April 30, 2024