The report assesses the implementation of SISTAFE (Public Sector Financial Management System) and respective action plan and discusses with the Mozambican authorities the effectiveness of the ongoing public financial management reforms

The report assesses the implementation of SISTAFE (Public Sector Financial Management System) and respective action plan and discusses with the Mozambican authorities the effectiveness of the ongoing public financial management reforms

The report contributes to efforts on strengthening expenditure control and cash flow management, and ensuring effective fiscal coordination and reporting in the context of the planned fiscal decentralization

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...

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...