During a major crisis, the transitional dynamics of conditional convergence are unlikely to apply. In this paper, we introduce a Markov chain approach which integrates the study of crises and ...

Focusing on a cross-border perspective, this paper identifies four key binding constraints that hinder firms’ ability to innovate and scale up within the EU single market—fragmented regulations, ...

The European Union’s budget—known as the Multiannual Financial Framework (MFF)—has over time been a key tool for enhancing economic efficiency, achieving redistribution, and helping the Union tackle ...

An International Monetary Fund (IMF) staff team, led by Ms. Wenjie Chen, visited Bamako from June 9 to 13, 2025, to conduct the 2025 Article IV consultation with the Malian authorities. The team held ...

Dominica is a small developing state (SDS) facing large economic imbalances, natural disasters (NDs), and substantial development needs amid slowing potential growth. Its narrow economic base ...

Greater debt transparency builds investor confidence, helps reduce borrowing costs, and strengthens debt sustainability—reducing the risk of shocks that can lead to a debt crisis ...

An International Monetary Fund (IMF) team led by Ms. Patrizia Tumbarello held discussions with the Ecuadorian authorities in Quito, Ecuador, and in Washington DC, during May 19-June 10, 2025 on the Se ...

Substantial savings from past oil production can help build a thriving economy for future generations—if spent better and ...

This Technical Assistance followed a request by the Central Bank of Uzbekistan for a review of their nowcasting and near-term forecasting system. Over the past few years, the central bank has ...

An International Monetary Fund (IMF) team led by Ms. Sarwat Jahan visited Kathmandu during May 26 to June 10, 2025. After constructive discussions, Ms. Jahan issued the following statement at the end ...

His storied career at the IMF, at central banks, and at universities shaped the study of macroeconomics and the next ...

The Executive Board of the International Monetary Fund (IMF) today completed the third reviews under the Extended Fund Facility and Extended Credit Facility arrangements for Honduras.