IMF

June 15, 2007 -- At the request of the Minister of Economy and Finance of Italy, a team from the Fiscal Affairs Department of the IMF visited Rome during March 21-April 3, 2007, to advise on reforms of the budget system aimed at improving the quality and efficiency of public spending. The team met with a number of institutions involved in the budget process, and its report Italy: Budget System Reforms was published by the Italian authorities on June 15, 2007 on their website.    » read more »

Approves US$16 Million Disbursement

June 13, 2007 -- The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Nepal's economic performance under the three-year Poverty Reduction and Growth Facility (PRGF) Arrangement, which enables Nepal to draw an amount equivalent to SDR 10.69 million (about US$16 million) under the arrangement. Completion of this review will bring total disbursements under the program to SDR 39.21 million (about US$59 million).    » read more »

June 13, 2007 -- The following statement was released today in Bamako by Jean-Pierre Chauffour, the International Monetary Fund's (IMF) mission chief for Mali:    » read more »

June 12, 2007 -- The following statement was issued in Phnom Penh on June 5, 2007 by John Nelmes, International Monetary Fund (IMF) Resident Representative in Cambodia:    » read more »

Approves US$1.3 Million Disbursement

June 11, 2007 -- The Executive Board of the International Monetary Fund (IMF) today completed the second review of Benin's economic performance under an SDR 6.19 million (about US$9.3 million) Poverty Reduction and Growth Facility (PRGF)1 arrangement (see Press Release No.05/190), and approved the disbursement of an amount equivalent to SDR 0.88 million (about US$1.3 million).

The Board also approved Benin's request for a waiver pertaining to the non-observance of the structural performance criterion on port reform.    » read more »

June 11, 2007 -- Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement on June 9, 2007 after his participation at the XI International Economic Forum in St. Petersburg:    » read more »

Approves US$ 1.4 Million Disbursement

June 8, 2007 -- The executive Board of the International Monetary Fund (IMF) today completed the fourth review of Niger's economic performance under a three-year Poverty Reduction and Growth Facility (PRGF) arrangement originally approved on January 31, 2005 (See Press Release No 05/20). The completion of the review enables the release of a further SDR 0.94 million (about US$1.4 million), which will bring the total amount disbursed under the arrangement to SDR 24.44 million (about US$36.9 million).    » read more »

Approves US$33.4 Million Disbursement

June 8, 2007 -- The Executive Board of the International Monetary Fund (IMF) completed the fifth as well as the sixth and final review of Zambia's economic performance under a Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of the reviews enables the release of a further amount equivalent to SDR 22 million (about US$33.4 million).    » read more »

June 7, 2007 -- Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Sofia:    » read more »

June 7, 2007 -- On June 6, 2007, the Executive Board of the International Monetary Fund (IMF) discussed the IMF's work program for the coming months. The program contains an ambitious and comprehensive plan, including key elements of the IMF's reform agenda: modernizing its surveillance or economic oversight, bringing member countries' voting shares in line with their current weight in the world economy, developing a sustainable income model for the IMF, and better defining the role of the Fund in low-income countries.    » read more »

June 6, 2007 -- The following statement was made on June 6, 2007 by the IMF Resident Representative to the Republic of Montenegro, Mr. Harald Hirschhofer, after a meeting with the country's Finance Minister, Mr. Igor Luksic, and other government officials in Podgorica:

"The Montenegrin economy is doing well benefiting from strong interest of foreign investors. The main challenge is to manage the resulting boom and enhance the growth prospects of private businesses, thereby improving the sustainability of the current upswing.    » read more »

June 6, 2007 -- An International Monetary Fund (IMF) mission issued the following statement on May 28, 2007 in Tunis at the conclusion of the 2007 Article IV staff consultation:

"An IMF mission headed by Mr. Abdelhak Senhadji has been in Tunis since May 14, 2007 to conduct the regular consultations under Article IV of the IMF Articles of Agreement, which requires an annual review of the economic policies of all IMF member countries. This review will conclude with the preparation of a report, which will be discussed for approval by the Executive Board of the IMF in July 2007.    » read more »

June 6, 2007 -- The following statement was issued on June 5, 2007, in Libreville by Richard Randriamaholy, International Monetary Fund (IMF) Resident Representative in Gabon:    » read more »

June 5, 2007 -- Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Budapest:

"I would like to thank Prime Minister Gyurcsány, Minister Veres and Governor Simor for a productive and constructive dialog on Hungary's economic performance and prospects.

"The favorable international economic and financial environment, and especially the strengthening European expansion, create a moment of unusual opportunity for Hungary to secure new advances toward sustained strong growth and structural improvement.    » read more »

June 5, 2007 -- Mr. John Lipsky, First Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Kiev:

"This is my first visit to Ukraine and I would like to thank the Ukrainian authorities for their hospitality. I have had productive discussions with President Yushchenko, First Deputy Prime Minister Azarov, Chairman of Verkhovna Rada Moroz, Governor Stelmakh and other high officials about Ukraine's recent economic performance and prospects.    » read more »