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The 2004 EU Enlargement Was a Success Story Built on Deep Reform Efforts

December 3, 2024
New accession candidates will need to undertake equally ambitious reforms to make the next expansion a comparable success

Persistent Fall in Private Borrowing Brings Global Debt Down

December 2, 2024
Empirical analysis points to low growth prospects as the main driver of this trend in 2023.

South Africa: Central Bank Transparency Code Review

December 2, 2024
The South African Reserve Bank (SARB) sets a high benchmark for transparency and is considered by the external stakeholders one of the most reputable and effective public institutions in South Africa, and globally. The SARB’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1). The SARB’s commitment to open and transparent communications, as embedded in its 2025 Strategic Plan, is highly valued by its external stakeholders.

Tajikistan: Public Investment Management Assessment with the Climate Module

November 29, 2024
The assistance assessed Tajikistan’s public investment management practices and their climate sensitivity using the Public Investment Management Assessment (PIMA) with the Climate Module (C-PIMA). Tajikistan was found to perform well in some areas of the PIMA and C-PIMA, but there were gaps in others. In particular, parallel external and internally financed processes present recurring challenges across Tajikistan’s public investment management framework. Implementing a comprehensive framework for portfolio oversight and management that encompasses all investment projects, irrespective of their funding source, would also be especially beneficial.

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