This report provides a short summary of the work carried out by the START Technical Assistance1 for the Department for Cohesion Policies and the South of the Presidency of the Council of Ministers (Dipartimento per le Politiche di Coesione e per il Sud della Presidenza del Consiglio dei...

The regional government's Just Energy Transition Strategy of Asturias, has been developed with the participation of a wide range of agents involved in the energy transition (e.g., companies, unions, universities, research centres) and with assistance provided under a previous START (Secretariat...

This report provides a review of the START (Secretariat Technical Assistance for Regions in Transition) programme that has been delivered as part of DG ENER's EU Coal Regions in Transition Initiative (CRiT) between 2019 and 2025. START was designed to provide targeted, needs-oriented technical...

This technical assistance (TA) mission on Fiscal Rules was conducted from October 31 to November 12, 2024. Public debt management is crucial for Aruba, particularly due to its economic reliance on tourism. Following the 2008 Global Financial Crisis, debt levels surged to over 70 percent of GDP,...

In response to a request from the Bank of the Republic of Burundi (BRB), the Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) carried out a Financial Sector Stability Review (FSSR) mission from January 31 through February 13, 2024. The FSSR performed a...

This report discusses the findings and recommendations of the 2024 assessment of the data quality of the public sector debt statistics (PSDS) of the Republic of Zambia against the IMF's Data Quality Assessment Framework (DQAF) for PSDS. The assessment was undertaken as part of a project to...

This report discusses the findings and recommendations of the 2024 assessment of the data quality of the public sector debt statistics (PSDS) of the United Republic of Tanzania against the IMF's Data Quality Assessment Framework (DQAF) for PSDS. The assessment was undertaken as part of a project...

The International Monetary Fund (IMF) provided technical assistance to the Banco Cabo Verde (BCV) on reforming and operationalizing its bank resolution framework. Cabo Verde's special resolution regime (SRR) has been in place since 2014, with the BCV serving as the Resolution Authority. It has...

This technical assistance conducts a Climate Policy Diagnostic (CPD) for Papua New Guinea, covering climate adaptation and mitigation policy, as well as enabling institutions. Climate-related risks are macro-critical considerations for Papua New Guinea, while the country faces acute policy...

The IMF's Fiscal Affairs Department (FAD) conducted a Public Investment Management Assessment (PIMA) and Climate Module (C-PIMA) for The Gambia to assess public investment management (PIM) and its climate sensitivity. The assessment found improvements since the 2019 PIMA, including the 2020...

This report provides analysis and advice on tax policy and administration reforms to modernize and improve the income and consumption tax system. On consumption taxes, the key recommendation is to replace the current system that is based on import tariffs, a business turnover tax, and local...

In August 2024, at the request of the Royal Monetary Authority of Bhutan (RMA), the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) conducted a Technical Assistance (TA) mission in Thimphu. The mission aimed to assist the RMA in establishing an interest rate corridor...

The workshop aimed to explore adaptive IT solutions for enhancing digital tax administration in fragile and conflict-affected states, focusing on modernizing tax systems, improving revenue collection, promoting transparency, and reducing corruption through digitalization strategies

In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and Resolution of Financial Institutions (LRIF). The technical assistance focused on enhancing the...

A technical assistance mission from the IMF's Statistics Department visited South Africa during October 7-18, 2024, to support the authorities in improving compilation and dissemination of Government finance statistics (GFS) and public sector debt statistics (PSDS). The mission worked with the...

This report provides a diagnostic evaluation of Moldova's State Tax Service (STS) tax audit program, highlighting areas of strength and opportunities for improvement. Key findings indicate that while Moldova has made commendable progress, significant improvements are needed in legal frameworks,...

This report presents estimates of the Personal Income Tax (PIT) and Social Security Contributions tax gaps for Armenia for 2020-2023. The tax gaps are based on a bottom-up approach using operational audits. The PIT gap is estimated at 3.8 percent of potential PIT liability

This report provides a summary of guidance provided to State Taxation Administration officials on ways to advance risk management for large taxpayers. Building from previous FAD guidance, this report focused on enhancing risk management, and governance and accountability

In response to a request from Saint Lucia's Central Statistics Office (CSO), a technical assistance (TA) mission was conducted from September 2-13, 2024, to support the development of experimental expenditure-based GDP (GDP-E) estimates as a complementary product to the existing production-based...

The Central Bank of Suriname (CBvS) undertook significant steps to modernize its monetary policy framework by shifting from an exchange rate regime to a monetary targeting regime in 2021. The main objective was to stabilize inflation and manage liquidity effectively, especially after the...

Central bank balance sheet stress testing (CBST) models are designed to support central banks in determining appropriate capital levels and informing decisions on dividend distribution. A key concept in this context is policy solvency, which refers to a central bank's ability to generate...

Technical assistance (TA) was provided to the National Statistics Office of Georgia (Geostat) during December 2-6, 2024 to extend the scope and coverage of the residential property price index (RPPI) using web-scraped data. This was the latest mission to Georgia in a series since 2018 to...

This report evaluates four key areas that significantly impact the efficiency and resilience of Chile's financial sector, offering targeted recommendations for improvement. These areas are central bank collateral policy, emergency liquidity assistance, systemwide market support programs, and the...

A Technical Assistance (TA) mission, supported by the Caribbean Technical Assistance Center (CARTAC), was conducted from September 9-20, 2024, to assist Saint Lucia's Central Statistics Office (CSO) in developing new Producer Price Indexes (PPIs) for the industries of mining, manufacturing,...

A technical assistance mission assisted the State Statistical Committee of Azerbaijan (SSC) in developing the system of quarterly national accounts. It did so by reviewing the compilation of quarterly GDP by production and providing recommendations for further improvement. The mission also...

A technical assistance (TA) mission was conducted from August 5 to 9, 2024, in response to a request from the Economics and Statistics Office (ESO) of the Cayman Islands, to support the improvement and rebasing of Gross Domestic Product (GDP). The primary focus was to assist in updating the base...

A technical assistance mission assisted the National Statistical Office of Mongolia (NSO) in improving methods for the compilation of national accounts. The mission recommended that the NSO compiles the chain-linked time series of quarterly GDP instead of using the fixed-base approach. During...

A technical assistance mission assisted the Bureau of National Statistics under the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan in developing quarterly national accounts. It did so by reviewing existing large statistical discrepancies between GDP by production and GDP...

This technical assistance (TA) mission on Government Finance Statistics (GFS) and Public Sector Debt Statistics (PSDS) was conducted in Brazil during August 5-16, 2024. The primary objective of the mission was to assist the authorities in their efforts to enhance data quality and strengthen the...

As part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on External Sector Statistics (ESS) a technical assistance (TA) mission was conducted to the Central Statistics Office (CSO) of Saint Lucia during October 28-November 1, 2024. The mission focused on data...

At the request of the Permanent Secretary of the Ministry of Finance (MOF) of Cyprus, a capacity development mission from the International Monetary Fund's Fiscal Affairs Department (FAD) visited Nicosia during the period June 18 - July 1, 2024. The purpose of the mission was to review the...

The Governance Diagnostic (GD) Report is prepared by IMF staff at the request of the Haitian authorities. Informed by political economy analysis, the GD discusses the nature and severity of corruption, its relevance to Haiti's fragility, and its impact on the anti-corruption, anti-money...

A technical assistance (TA) mission was delivered virtually to Statistics South Africa between February 13-17, 2025. The objective of the mission was to provide assistance to Statistics South Africa in the validation and release of the energy accounts for 2015-21 that had been compiled by...

This report discusses the findings and recommendations of a diagnostic assessment of the quality of public sector debt statistics (PSDS) of Malawi based on the IMF's Data Quality Assessment Framework for PSDS. The assessment was undertaken in February 2025 as part of a project to strengthen the...

The IMF Caribbean Regional Technical Assistance Centre (CARTAC) conducted two technical assistance (TA) missions in the Turks and Caicos Islands (TCI) between January and March 2024. The missions aimed to strengthen the financial stability framework of the Turks and Caicos Islands Financial...

The IMF Caribbean Regional Technical Assistance Centre (CARTAC) conducted a technical assistance (TA) mission in Curaçao and Sint Maarten from October 3 to October 12, 2023. The mission aimed to support the Central Bank of Curaçao and Sint Maarten (CBCS) in enhancing its Financial Stability...

The IMF Caribbean Regional Technical Assistance Centre (CARTAC) conducted a technical assistance mission to Barbados from July 31 to August 11, 2023. The mission aimed to strengthen the stress testing framework of the Central Bank of Barbados (CBB) and the Barbados Financial Services Commission...

At the request of the Central Bank of Suriname (CBvS), this technical assistance (TA) mission assessed and provided recommendations to enhance the transparency, consistency, and stakeholder engagement of monetary policy and financial stability communication. Strengthening communication in these...

The Technical Assistance (TA) mission, conducted in Tashkent, Uzbekistan, from August 21 to 31, 2023, assisted the Central Bank of Uzbekistan's (CBU) authorities in developing their stress testing (ST) framework for the banking sector. This TA was the second of a multi-mission TA project...

Disasters have posed significant economic costs to Bangladesh, and financing needs associated with disaster response are estimated to be substantial. Bangladesh has put in place fiscal mechanisms, social protection programs, and financial instruments to respond to natural disasters. While the...

The IMF's Monetary and Capital Markets Department conducted a technical assistance engagement with the National Bank of Ukraine (NBU) to enhance the NBU's counterparty eligibility criteria for monetary policy lending operations and strengthen its Emergency Liquidity Assistance (ELA) framework....

At the request of the Superintendency of Banking Insurance and Private Pension Fund Administrators (SBS), a technical assistance mission from the Monetary and Capital Markets Department of the International Monetary Fund visited Lima, Peru during the period September 18 to October 1, 2024....

The IMF conducted a Technical Assistance mission to assist the National Reserve Bank of Tonga (NRBT) in modernizing its monetary policy framework. The mission aimed to address persistent challenges such as excess liquidity and an inactive interbank market, which have impeded effective monetary...

This report overviews the IMF technical assistance mission to enhance Ukraine's FX derivatives market amidst ongoing economic challenges. In navigating the complex environment, the National Bank of Ukraine (NBU) imposed FX restrictions to manage flows, complicating normalization of financial...

The Samoan authorities have expressed strong interest in the Supply and Use Tables (SUT) to improve macroeconomic projections for policy purposes. The mission worked with Samoa Bureau of Statistics (SBS) staff to assess and adjust the Household Income and Expenditure Survey data; compile...

This document outlines the main achievements of the Technical Assistance Project led by the IMF's Institute for Capacity Development in the Dominican Republic from January 2023 to September 2024. The project supported capacity building in macroeconomic forecasting and analysis within the...

Effective cash management is essential for enhancing fiscal discipline in Zambia, yet it faces significant challenges. With programmatic capacity development support from the IMF the authorities are making progress in improving institutional arrangements and strengthening capacity and technical...