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Blog: Why Countries Must Cooperate on Carbon Prices

May 19, 2022
By Jean Chateau, Florence Jaumotte and Gregor Schwerhoff An international floor price for carbon could speed the world’s transition to green energy without compromising countries’ competitiveness. Recent surges in food and fuel costs are hurting households everywhere. The global spike in energy prices since Russia’s invasion of Ukraine underscores the need to transition away from [...]

Implementation Plan in Response to The Board - Endorsed Recommendations from The IEO Evaluation Report on Growth and Adjustment in IMF - Supported Programs

May 19, 2022
This management implementation plan (MIP) proposes actions in response to the Independent Evaluation Office (IEO)’s report on growth and adjustment in IMF-supported programs. The full implementation of the MIP package will help ensure that, at a time when many countries face strong headwinds, IMF-supported programs not only deliver necessary adjustment to address balance of payments needs but also pay greater attention to their growth effects. While the policy-related deliverables are already incorporated into current departmental work plans and budgets, the operational implementation of these recommendations may require mobilizing additional resources.

Albania: Technical Assistance Report-Medium-Term Revenue Strategy: Revenue Administration Reform Options

May 19, 2022
Albania is formulating a Medium-Term Revenue Strategy (MTRS) with IMF support. The decision to commit to the development of an MTRS was taken against the background of revenue persistently falling short of budget projections, revenue continuing to lag behind regional peers in tax to Gross Domestic Product (GDP) ratios and the Government’s assessment that an increase of revenue of 2.2 – 3.0 percent of GDP will be required to finance its additional spending needs over the next five years.

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