Technical assistance to develop a macroeconomic framework was delivered to the Central Bank of Bosnia and Herzegovina (CBBH) between April 2021 and December 2023. The Quarterly Macro Forecasting Framework (QMFF) developed during this project is a quarterly framework whose main behavioral...

At the request of the Banco Nacional de Angola (BNA), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) Department visited Luanda, Angola from May 20 to May 24, 2024. The mission helped the authorities review its forecasting and policy analysis system (FPAS),...

The Gambia's economic and social development is highly impacted by climate change. Sea level rise poses substantial risks, and the country is exposed to natural disasters that could become more frequent and intense. Recurring droughts and floods impose large economic and welfare losses. With...

The Bank of Namibia (BON) explored the potential of Retail Central Bank Digital Currency (rCBDC). The key drivers included promoting financial inclusion, modernizing financial system modernization, as well as improving cross-border payments. The technical assistance (TA) mission aimed to provide...

Indonesia's key climate change policy related-data needs stem from well-defined domestic policy priorities and international commitments. The domestic policy priorities are set in the long-term strategy for low-carbon and climate resilience as well as in the medium-term national plan that among...

IMF conducted a mission at the request of the Central Bank of Belize provided technical assistance focusing on developing a framework for the supervision of electronic money issuers in Belize. The mission reviewed existing approaches to supervising firms conducting regulated financial...

This report provides an overview of the technical assistance provided by the International Monetary Fund (IMF) to the Banco de la República to support the authorities in reviewing the regulatory framework and formulating development strategies for the foreign exchange market

This report presents an analysis of the Central Bank of the Republic of Azerbaijan's (CBA) communication framework and offers recommendations for enhancement. The technical assistance mission, led by the IMF Monetary and Capital Markets Department, aimed to modernize the CBA's communication...

Technical assistance to develop a macroeconomic framework was delivered to the Central Bank of Bosnia and Herzegovina (CBBH) between April 2021 and December 2023. The Quarterly Macro Forecasting Framework (QMFF) developed during this project is a quarterly framework whose main behavioral...

Slovak Republic has made significant progress in institutionalizing spending reviews, having completed spending reviews covering 64 percent of total public spending since initiating the spending review project eight years ago. Despite progress, challenges remain, and important choices will need...

A technical assistance (TA) mission was conducted during July 8-12, 2024, to support Statistics Indonesia (BPS) in improving Energy and Air Emissions Accounts statistics. The mission provided advise on how to improve the existing Indonesia energy and air emissions accounts and provided training...

This report presents results on a review of data available to the State Revenue Committee for estimating the Personal Income Tax and Social Security Contribution gaps. It is concluded that SRC has sufficient quality data available from operational audits to assess the gaps

Peru has made significant commitments to climate change through the Law N°30754. The law stipulates the development of a national plan to fight climate change and emphasizes upon the production of data and statistics to monitor and guide the implementation of the Nationally Determined...

IMF Fiscal Affairs Department mission reviewed Kosovo's tax administration progress, highlighting achievements in increased revenue collection and compliance risk management. Recommendations for further improvement include focusing on digital transformation, enhancing human resource capacity,...

At the request of the National Bank of Rwanda (NBR), a technical assistance (TA) mission from the Monetary and Capital Markets (MCM) department was conducted from October 9 to 18, 2023, to enhance the NBR's Forecasting and Policy Analysis System (FPAS). The mission aimed to strengthen the...

The Technical Assistance (TA) mission, conducted in Victoria, Seychelles, from May 2 to 17, 2023, assisted authorities with macroprudential stress testing and climate risk analysis. The stress testing focused on strengthening the solvency and liquidity frameworks: (i) for solvency, considering...

The mission assisted the National Statistical Office of Malawi improve the quality of the published annual estimates of Gross Domestic Product (GDP), progressed the use of Value Added Tax (VAT) data as a basis for developing quarterly series and supported development of current price estimates...

A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Central Statistics Office (CSO) of Dominica as part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS. The mission focused on addressing data gaps and improving...

This technical assistance report outlines the current state and future objectives for regulating crypto assets in the Republic of Kenya. The report, prepared at the request of Kenya's Capital Markets Authority, involved an analysis of crypto-asset activities and the related regulatory framework....

The Africa Climate Resilient Investment Facility (AFRI-RES) was established in 2017 with a €5 million grant from the Nordic Development Fund. AFRI-RES aims to strengthen the capacity of African institutions and the private sector to plan, design, and implement investments in selected sectors...

The study provides technical assistance to the European Commission to specify and operationalise the derogations for the prohibition on the destruction of unsold apparel and footwear. Article 25(5) of the ESPR outlines potential reasons for these derogations, for the consumer products listed in...

The "Technical Assistance to Generate Synergies with Members States and Regions" started at the beginning of 2023 to support the Clean Hydrogen (Clean H2) Partnership to identify National and Regional Managing Authorities (MAs) willing to cooperate with the Partnership to strengthen and foster...

Further to Mongolia's Ministry of Finance (MOF) request, an assessment mission was carried out from May 24 to June 2, 2023. The mission reviewed the needs, capacity and constraints for the development of institutional macroeconomic forecasting capacity at the Financial and Fiscal Research...

The technical mission aimed to strengthen the cyber risk regulation and supervision, and testing for the National Bank of Georgia (NBG). The mission focused on (i) an assessment of NBG's cyber risk regulation, (ii) an assessment of cyber risk supervisory arrangements of NBG, (iii) assisting in...

This note summarizes the main findings and action plan of the IMF Technical Assistance (TA) Scoping Mission to support the Colombian Autonomous Committee for the Fiscal Rule (CARF) in building capacity on macroeconomic forecasting and analysis. The TA was requested by the CARF to develop a...

The IMF’s Fiscal Affairs Department has been working with Mauritania on capacity building in tax policy. Mauritania has recently created a tax policy unit and adopted a new General Tax Code in 2019 with a corporate income tax and a semi-dual approach to personal income taxation. However, there...

This Technical Assistance Report summarizes the capacity development support on special economic zone management, provided by IMF expert to Cambodia customs administration, including suggested standard operating procedure, materials used in workshop, and advice on the next steps

A technical assistance (TA) mission was conducted from January 22–26, 2024, to assist the Bangko Sentral ng Pilipinas (BSP) with the development of hedonic methods for their property price statistics. The mission’s primary focus was the Residential Property Price Index (RPPI). The mission...

The primary objective of the mission was to assess the concepts and methods used to compile the consumer price index (CPI) for Seychelles. The report identifies and discusses recommendations for improvement to ensure the CPI more broadly reflects the standards and best practices described in the...

New data sources are now available in many countries to supplement direct collection of prices for the consumer price index (CPI). This technical assistance mission supported the State Statistics Services of Ukraine with incorporating scanner data from the State Tax Service electronic sales...

The mission was undertaken in the context of a capacity development (CD) project that assisted the authorities to enact a new AML/CFT law in November 2022 and amend AML/CFT secondary legislation and related components of sectoral legislation. During the mission, staff discussed the...

At the request of the National Bank of Moldova (NBM), a technical assistance (TA) mission of the Monetary and Capital Markets Department and the Legal Department visited Chisinau during November 28 to December 5, 2022, to assist with the design of a revised bank liquidation framework. The...

The IMF conducted a technical assistance to Central Bank of Seychelles (CBS) and provided policy and legal guidance to the CBS on the drafting of legal amendments that will provide an adequate institutional framework and effective powers for bank resolution, and thus contribute to financial...

The Bahamas has a strong foundation for developing the local currency bond market (LCBM), benefitting from macroeconomic stability, and favorable fiscal and borrowing plans. The government views domestic capital market development as crucial for rebuilding economic buffers and fostering...

This Technical Assistance Report summarizes the training in investigation techniques, provided by IMF expert to Cambodia customs administration, including a training program, training materials used in April 2024, and advice on the next steps

In August 2023, the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) undertook a Technical Assistance (TA) Mission at Bangladesh Bank (BB) to advise on the shift from a reserve money targeting monetary policy framework to an interest rate-focused one. This transition,...

This technical assistance (TA) report presents the outcomes of the scoping mission of a new TA project aimed at building capacity in macroeconomic forecasting and policy analysis in the Finance Division (FD) of the Bangladesh Ministry of Finance (MoF). The FD has sought Macroeconomic Framework...

At the request of the Ministry of Finance, a mission from the International Monetary Fund visited San Jose. The purpose of the mission was to assess the proposal to a universal basic pension and to estimate its fiscal and welfare impact on the budget, on pension schemes, and on old age income...

At the request of the Directorate of Taxes and Customs, a technical assistance mission evaluated how the authorities launched the Value Added Tax (VAT), administered the tax in the first 12-months of operation, and provided advice on improving the efficiency of the administration of VAT....

Cabo Verde faces development challenges from multiple structural factors, including insularity, territorial discontinuity, fragility of ecosystems, and scarcity of natural resources, namely water and arable land. Climate change implications are amplifying these challenges. As an island extension...

A Technical Assistance (TA) mission was conducted in Dhaka, Bangladesh, from March 5 to 9, 2023, to assist authorities in setting up a framework to assess physical climate risk in the financial system. The TA mission focused on (i) proposing a risk assessment framework tailored to available...