The term "white elephant" is used to describe any investment that is expensive to maintain and does not bring proportional or any benefits. "There are many examples of white elephants in the world, and I am sure that Ukraine is no exception,

Greece's economy is projected to grow 2.1% in 2025, mainly driven by investment, the International Monetary Fund mission said on Thursday, adding that any crisis in major euro area countries as well as global uncertainties could hamper growth.

The IMF would like to support the Ukrainian government's determination in this regard, Toffano said. Budget Code amendments could be among the examples of this determination, and the IMF knows how much political capital it cost and is aware of certain sides' attempts to delay it, she said.

El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.

The author thanks Ignacio Albe, Olivier Blanchard, Martina Copelman, Joseph Gagnon, José de Gregorio, Patrick Honohan, Douglas Irwin, Maurice Obstfeld, and other PIIE colleagues for their comments and suggestions.

An International Monetary Fund (IMF) mission tasked with the seventh review of the Extended Fund Facility (EFF) arrangement is due in late February, Ukrainian media said, citing IMF Resident Representative in Ukraine Priscilla Tofano's statement at a presentation of monitoring for the IMF program and the Ukraine Plan initiated by the RRR4U consortium.

El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with South Africa.

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome of its Article IV Consultation with South Africa,

The U.S. economy will continue to be the developed world’s best performer in 2025 giving President-elect Donald Trump a running start on his plan to spur faster growth, the International Monetary Fund said.

Finance Minister Muhammad Aurangzeb said on Thursday that the International Monetary Fund (IMF) mission is likely to visit Pakistan by the end of February