GDP growth is lower than that recorded in 2023 due to the slowdown in the extractive sector. In a meeting with local authorities, the fund released new disbursements to the country.
Browsing: reforms
The International Monetary Fund (IMF) said that notwithstanding the pickup in growth, continued efforts to address water scarcity and enhance governance are essential to bolster Morocco’s growth.
The Arab country’s economy is projected to sustain its 2023 growth rate this year, according to the Fund’s projections. The IMF approved a new disbursement to support Jordan’s economic development.
The fund and local authorities agreed to a USD 1.2 billion loan. The country is expected to grow 2.6% this year.
The Iraqi administration wrote in major fiscal reforms into its 2021 budget in an attempt to mitigate the effects of the pandemic and of low oil prices on the population.
World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
The World Bank released a report this Wednesday. Brazil went from 125th to the 109th position. The UAE is among the top 20 countries for the first time.
A Fund’s staff team visited the African country last week and identified progress regarding economic growth. High inflation and low international reserves present risks to macroeconomic stability.
