Regional Economic Outlook
April 19, 2024
A soft landing for Europe’s economies is within reach. Securing the baseline of growth with price stability will require careful monetary policy calibration. Faster fiscal consolidation would ensure buffers are adequate to tackle future shocks, while structural fiscal reforms would help address mounting long-term expenditure pressures. Beyond the near-term recovery, raising potential growth prospects calls for efforts at both the domestic and European levels. Measures should aim to raise labor force participation, prepare the workforce for looming structural shifts, set an enabling environment for private investment, and promote innovation on a level European playing field—especially when it comes to the green transition, including through a strong commitment to carbon pricing. Greater European integration would amplify the effect of these reforms. Formulating an ambitious set of growth-enhancing reforms should be a key priority of a new EU commission.
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News and Highlights
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Albania: 2024 Staff Visit Press Release
July 15, 2024
Albania: 2024 Staff Visit Press Release
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July 12, 2024
Series:Technical Assistance Report No. 2024/055
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July 11, 2024
Series:Country Report No. 2024/208
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July 8, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the Third Review Under the Stand-By Arrangement (SBA) for the Republic of Serbia. The SBA amounting to about SDR 1.89 billion, or approximately EUR 2.4 billion, was approved by the IMF’s Board on December 19, 2022 (see Press Release No. 22/447)
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July 8, 2024
Series:Country Report No. 2024/202
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June 28, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the fifth review under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) , and the first review under the Resilience and Sustainability Facility (RSF) , for the Republic of Moldova.
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June 28, 2024
Series:Country Report No. 2024/199
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June 28, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the fifth review under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) , and the first review under the Resilience and Sustainability Facility (RSF) , for the Republic of Moldova.
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June 28, 2024
The IMF Board today completed the Fourth Review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$2.2 billion (SDR 1.66 billion) to Ukraine, which will be channeled for budget support.
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Bulgaria: Fiscal Risks from State-Owned Enterprises
June 24, 2024
Author/Editor:Anh D. M. Nguyen
Series:Selected Issues Paper No. 2024/022 -
Bulgaria in Global Value Chains: Leveraging Integration with the EU: Bulgaria
June 24, 2024
Author/Editor:Giacomo Magistretti | Iglika Vassileva
Series:Selected Issues Paper No. 2024/023 -
The Bulgarian Pension System: Caught Between Adequacy and Sustainability: Bulgaria
June 24, 2024
Author/Editor:Jean-Jacques Hallaert
Series:Selected Issues Paper No. 2024/021 -
Republic of Estonia: Selected Issues
June 21, 2024
Series:Country Report No. 2024/178
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Hungary: Staff Concluding Statement of the 2024 Article IV Mission
June 21, 2024
An International Monetary Fund (IMF) mission, led by Anke Weber and comprising Chris Jackson, Jakree Koosakul, Augustus Panton, and Atticus Weller, visited Budapest during June 11-21 to conduct discussions on the 2024 Article IV Consultation with the Hungarian authorities. At the end of the visit, the mission issued the following statement.
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June 21, 2024
Series:Country Report No. 2024/177
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IMF Staff Completes 2024 Article IV Mission to the Republic of Estonia
June 21, 2024
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Estonia.
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Bosnia and Herzegovina: Selected Issues
June 20, 2024
Series:Country Report No. 2024/176
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IMF Executive Board Concludes 2024 Article IV Consultation with Bosnia and Herzegovina
June 20, 2024
Washington, DC – June 20, 2024: On June 13, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bosnia and Herzegovina (BiH) on a lapse-of-time basis. ?
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Bosnia and Herzegovina: 2024 Article IV Consultation-Press Release; Staff Report
June 20, 2024
Series:Country Report No. 2024/175
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Republic of Latvia: Staff Concluding Statement of the 2024 Article IV Mission
June 18, 2024
The Latvian economy contracted in 2023 with significant disinflation against the backdrop of geopolitical headwinds.
About Us
The IMF Regional Office in Warsaw was established in February 2005, succeeding the Resident Representative office for Poland. Its primary task is to enhance the IMF's ability to carry out surveillance in Central and Eastern Europe, including with regard to financial stability, economic convergence and integration, and the jobs and growth agenda.
To this end, the Regional Office:
- complements the work of headquarter-based mission teams by focusing on post-crisis issues across the region;
- cooperates with regional partners within the Vienna 2 Initiative framework for safeguarding financial stability in the region;
- monitors and analyzes economic developments from a regional perspective, identifies policy issues, and informs the IMF's staff at headquarters;
- maintains contacts with governments, civil society and other relevant institutions (such as the European Commission and the ECB);
- provides information to the media and other interested groups about the IMF's economic analysis and policy advice in the region.