This 2014 Article IV Consultation and Second Review Under the Policy Support Instrument highlights that Rwanda's economic performance since the turn of the century has been remarkable. Strong policies have played a key role in maintaining real GDP growth at 7.8 percent on average since 2000,...

EXECUTIVE SUMMARYDuring the last ten years Rwanda has experienced one of the most exciting andfastest periods of growth and socio-economic progress in its history. It was tenth fastestgrowing economy in the world during the decade from 2000. At the same time more than amillion people have been...

CONTEXTRwanda has enjoyed strong economic performance over the last decade, supported bysignificant external aid and close engagement with the Fund, including under a PSIsince 2010. The authorities have requested a new three-year PSI in support of theirnew poverty reduction strategy (EDPRS...

This Technical Assistance Report discusses the findings and recommendations made by the IMF mission about the compilation of Coordinated Direct Investment Survey and Coordinated Portfolio Investment Survey (CPIS) in El Salvador. The mission recommended the authorities to research the nature of...

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...

EXECUTIVE SUMMARYEuroclear Bank is a securities settlement system that contributes to the safety and efficiency of global markets for government bonds and other international securities but also concentrates systemic risk. It is one of the largest securities settlement systems worldwide with a...

This Selected Issues paper highlights quantitative tightening (QT) by the European Central Bank (ECB). It uses evidence from the literature on the impact of central bank bond purchases and sales on bond yields, and the monetary policy stance, to outline a roadmap for reducing the Euro system's...

The 2023 Article IV Consultation discusses that the euro area economy has shown remarkable resilience in the aftermath of Russia's invasion of Ukraine and the largest terms of trade shock in several decades, thanks to a swift policy response and a strong rebound in contact-intensive services....

This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The Georgian authorities have indicated their interest in operationalizing their recovery, resolution, and crisis management frameworks. The report highlights the need to...

This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The economic environment has improved, as coronavirus disease, 2019 has been brought under control but there are new challenges emerging. Economic growth is strong, interest...