Kuwait: IMF Report Recommends Implementation of VAT and Excise Taxes
On 5 June 2023 the IMF published a report following consultations with Kuwait under Article IV of the IMF’s articles of agreement. Kuwait’s economy has begun to recover after the pandemic with economic growth estimated at 8.2% in 2022 as a
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IMF: International Organizations Launch Joint Subsidy Platform
On 25 May 2023 a new Joint Subsidy Platform was launched by the IMF, OECD, World Bank, and WTO. The platform at www.subsidydata.org aims to facilitate dialogue on subsidies by providing easier access to information on the nature and size of
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IMF Report Assesses the UK Economy
On 23 May 2023 the IMF issued a report following consultations with the UK under Article IV of the IMF’s articles of agreement. The report notes that the UK economy is projected to maintain positive growth in 2023, avoiding a recession owing to
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IMF: Role of Fiscal Policy in Firm-level Digitalization
On 5 May 2023 the OECD published a working paper by Manabu Nose and Jiro Honda with the title Firm-level Digitalization and Resilience to Shocks: Role of Fiscal Policy. The study looked at the implications of digitalization for the economy,
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IMF Report Makes Policy Recommendations for Germany
On 16 May 2023 the IMF published a report following discussions with Germany under Article IV of the IMF’s articles of agreement. German’s economy has been resilient despite the problems resulting from the Ukraine war and the reduction in
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IMF Report Comments on Denmark’s Economy
On 12 May 2023 the IMF issued a report following consultations with Denmark under Article IV of the IMF’s articles of agreement. Denmark has made a strong recovery from the crisis caused by the pandemic, but growth is now more moderate due to
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IMF: Mining Revenues and Inclusive Development in Guinea
An IMF working paper on Mining Revenues and Inclusive Development in Guinea by A. Badel and R.F. Lyngaas was published on 29 April 2023. The working paper looked at the potential benefits from increasing the taxation of the foreign extractive
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IMF: Cooperative Use of Green Subsidies
An IMF blog published on 11 May 2023 noted that a coordinated approach should be applied to subsidies, if climate change is to be managed successfully. Subsidies are being used worldwide to support the green transition and they can be helpful
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IMF Report Looks at Portugal’s Economy
On 9 May 2023 the IMF issued a report following discussions with Portugal under Article IV of the IMF’s articles of agreement. The economic recovery from the pandemic continued strongly into 2022 with growth of 6.7% led by stronger tourism and
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IMF Comments on the Economy of Mozambique
On 6 May 2023 the IMF issued a press release following discussions with Mozambique in relation to the second review of the program under the extended credit facility (ECF) arrangement. The report notes that Mozambique’s economic recovery has
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IMF Report Looks at the Economy of Hong Kong SAR
On 4 May 2023 the IMF published a report following discussions with Hong Kong SAR, China under Article IV of the IMF’s articles of agreement. The economy of the Hong Kong SAR economy has been recovering following the problems caused by the
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IMF: Economic Growth in Sub-Saharan Africa Vulnerable to Geopolitical Tensions
An IMF country focus published on 1 May 2023 noted that if geopolitical tensions continue to escalate, sub-Saharan Africa could experience an economic decline of up to 4% of real GDP after ten years. This estimate is based on a scenario where the
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IMF Report Looks at Tanzania’s Economy
On 24 April 2023 the IMF issued a report following the first review of the extended credit facility (ECF) Arrangement and the 2023 Article IV Consultation with Tanzania. Tanzania’s economic reform program is continuing well despite the
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IMF: Leveraging Anti-Money Laundering Measures to Improve Tax Compliance
On 21 April 2023 the IMF published a working paper with the title Leveraging Anti-money Laundering Measures to Improve Tax Compliance and Help Mobilize Domestic Revenues. The paper points out that anti-money laundering (AML) measures could be used
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IMF Report Considers the Economic Outlook in Poland
On 24 March 2023 the IMF published a report following discussions with Poland under Article IV of the IMF’s articles of agreement. The report notes that the Polish economy has been facing difficulties as a result of the Ukraine war. Economic
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IMF: Working Paper on Tax Buoyancy
On 17 March 2023 the IMF published a working paper with the title: A Deep Dive into Tax Buoyancy: Comparing Estimation Techniques in a Large Heterogeneous Panel, by A. Cornevin, J. S. Corrales and J.P. Angel. The paper looks at new evidence relating
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IMF Report looks at Luxembourg’s Economy
On 10 March 2023 the IMF issued a report following consultations with Luxembourg under Article IV of the IMF’s articles of agreement. Luxembourg’s economy has recovered well from the pandemic despite the external challenges in 2022, although
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IMF Report Considers the Economic Outlook for Malta
On 8 February 2023 the IMF issued a report following discussions with Malta under Article IV of the IMF’s articles of agreement. The economy has recovered from the recession caused by the pandemic with output growing by 11.75% in 2021. Further
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