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Category: Russia

  • MIL-OSI Russia: Moscow — a city of youth: how the capital supports young entrepreneurs

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Moscow is a city of youth. In the capital, all areas for a comfortable and productive life are regularly developing – from education and career to leisure and self-realization. According to the Federal Tax Service andDepartment of Entrepreneurship and Innovative Development of the City of Moscow, more than a quarter of individual entrepreneurs (IE) in the capital are young people under 35. Among company managers, their share is about 17 percent.

    Youth entrepreneurship is becoming an important part of the Moscow economy. Business representatives under 35 are increasingly developing their businesses, using the capital’s support measures to achieve this goal. They receive active assistance from the city at the start and a real opportunity to turn their enterprise into a successful company.

    Support by surety

    One of the most popular instruments remains surety Moscow Guarantee FundThey significantly simplify access to the necessary financing and make it possible to obtain it even without sufficient collateral, especially in such capital-intensive areas as manufacturing and construction.

    In the first five months of 2025, for companies managed by executives under 35, the volume of financing attracted under the fund’s guarantee amounted to 1.3 billion rubles. This is 32 percent more than in the same period of 2024. Then the amount reached 983 million rubles. The data indicate an increase in trust in support tools and the active participation of young entrepreneurs in the development of Moscow business.

    The majority of the funds raised were directed towards the development of production projects – 43 percent of the total volume. Another 22 percent went to the trade sector, 12 percent to construction, and the remaining 23 percent was distributed among companies in other industries.

    Young Entrepreneurs: Success Stories

    Anton Ivanov, the founder of a Moscow company that produces sportswear under its own brand, has used the support of the Moscow Guarantee Fund twice. This allowed him to increase turnover and expand production. In two years, the company’s revenue has grown almost fourfold – from 66 to 289 million rubles.

    Another striking example is a company that produces nut butters and bars under its own trademarks. Since 2022, entrepreneur Yuliana Nikolaeva has regularly received support from the Moscow Guarantee Fund to attract the necessary financing, which has allowed the business to grow fourfold – without interrupting production or reducing product quality.

    The city provides young entrepreneurs not only with financial but also non-financial assistance. Thus, 14-year-old Lyudmila Sukhova, the owner of a playroom in one of the capital’s shopping centers, received support. Her interest in working with children was supported by her parents, who in the fall of 2024 helped her acquire a business and obtain the status of an individual entrepreneur. Specialists of the State Budgetary Institution “Small Business of Moscow” (MBM) consulted Lyudmila. They told her about tax regimes, reporting and existing support measures, and also helped her obtain the status of a social entrepreneur. Now the playroom is regularly visited by an average of 25 children or more every week.

    Andrey Archakov is an 18-year-old general director of a film company, a screenwriter and a director. Having started with dubbing at the age of 11, he has already shot two historical short films and registered an individual entrepreneurship to work on a full-length film. MBM specialists helped him with registration, documents and choosing a tax regime. Andrey is currently studying at the All-Russian State Institute of Cinematography named after S.A. Gerasimov and is working on a new film and a project based on a book by Sergei Lukyanenko.

    “Made in Moscow” as an opportunity to make a name for yourself

    The Made in Moscow project also provides free support to young entrepreneurs. Entrepreneurs can participate in industry exhibitions and large-scale city projects, such as “Summer in Moscow” and “Winter in Moscow”. And also to receive information support through special projects in the media and social networks. This allows them to place their products on the shelves of art pavilions and tell a wide audience about themselves in the media.

    The brand of high-tech clothing by 20-year-old Andrey Kolosov has become one of the examples of successful business development with the help of the Made in Moscow project. Andrey created the first batch of brand T-shirts with a grant of 50 thousand rubles, and then began to increase production capacity. Now his products can be purchased at the Green Market pavilion on Bolotnaya Square. The entrepreneur regularly participates in city events and demonstrates consistently high sales. The company’s income has grown from 50 thousand rubles in 2022 to three million rubles in 2024.

    In addition, in the “Green Market” and in the art pavilion “Bus of Beauty” you can find products of the brand, whose founder is 25-year-old Daria Yakovleva. The entrepreneur creates stylish accessories from velvet – cosmetic bags, folders for laptops and convenient shoppers. Thanks to the “Made in Moscow” project, the brand has already reached a new audience, increased recognition and increased revenue by 1.5 times.

    17-year-old businessman Dmitry Kalinin creates unique, hand-painted T-shirts. His brand’s products are distinguished by an exclusive pattern on each item. In the summer of 2024, his income reached 200 thousand rubles, which significantly exceeded the previous figure of 60 thousand rubles. In winter, the brand’s products could be found as part of the Winter in Moscow project at the Magic Market site on Bolotnaya Square.

    City of Opportunities

    Moscow is a city of youth. The capital offers wide opportunities for its development, creative self-expression, comfortable life and interesting leisure. The city has created the appropriate infrastructure, thousands of events of different scale and focus are held.

    In honor of Youth Day, themed events will be held at more than 250 city venues. As Sergei Sobyanin reported earlier, the flagship event will be festival, which will take place on June 28 and 29 at Bolotnaya Square. You can find more detailed information and a map with all city events on the portal “Youth of Moscow”.

    More information about opportunities for young residents of the capital can be found on the portal “Youth of Moscow” and its pages in social networks.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155821073/

    MIL OSI Russia News –

  • MIL-OSI Russia: On June 27 and 28, the traffic pattern in the VDNKh area will temporarily change

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In connection with the graduation ball on June 27 and 28, traffic in the VDNKh area will be restricted.

    From 12:00 on June 27 to 07:00 on June 28, it will be impossible to drive along Prodolny Proezd from Ostankinsky Proezd to Sergei Eisenstein Street, as well as along 1st and 2nd Poperechny Proezds from Mira Avenue to Prodolny Proezd. Restrictions will also affect the route from Borisa Galushkina Street to Prodolny Proezd.

    From 15:00 on June 27 to 07:00 on June 28, the section of Ostankinsky Proezd and 1st Ostankinskaya Street from Prospekt Mira to 5th Ostankinsky Lane will be closed, and in the opposite direction – from 5th Ostankinsky Lane to Akademika Korolev Street. The left turn from Akademika Korolev Street to Ostankinsky Proezd and from the alternate Prospekt Mira to Ostankinsky Proezd will be unavailable.

    In addition, from 15:00 on June 27 to 07:00 on June 28, traffic will be closed on the far right lane on the alternate route to Mira Avenue from Sergei Eisenstein Street to Prodolny Proezd.

    Drivers are advised to take the changes into account and plan their route in advance. Detailed information on the closures can be found on the official website TsODD.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155827073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Construction of gas pipeline in Voronovo district is half complete

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Specialists from the Moscow City Services Complex have laid over a thousand meters of new gas pipeline in the Voronovo district, completing 50 percent of the total work. This project is part of a large-scale program to develop gas infrastructure in the Troitsky and Novomoskovsky districts. It will ensure reliable and uninterrupted gas supply to growing areas.

    The project will involve laying more than two kilometers of high- and medium-pressure pipelines. The work is being carried out using modern trenchless technologies: horizontal directional drilling and auger boring. These methods will minimize interference with urban infrastructure, preserving the road surface and natural landscape.

    Horizontal directional drilling allows laying pipes underground along a given trajectory using special installations. First, a pilot well is drilled, then it is expanded to the required parameters, and then a new gas pipeline is pulled. The second method involves laying a gas pipeline using an auger drilling rig. Unlike traditional open-pit work, this technology does not require digging a trench along the entire route. Modern polyethylene pipes are used to lay the gas pipeline. They are highly flexible, durable and long-lasting, resistant to corrosion and temperature fluctuations.

    The specialists have already laid more than one kilometer of the gas pipeline. They also installed a new domestically produced cabinet gas pressure control unit, which reduces and stabilizes the gas pressure in the system. As part of the project, automated shut-off devices connected to the central control room of JSC Mosgaz will be installed. This will allow for prompt management of gas flows and a quick response to emergency situations.

    The Moscow City Economy Complex noted that the new gas pipeline will provide reliable gas supply and will serve the city for more than 40 years. It meets modern technological standards and environmental regulations.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155845073/

    MIL OSI Russia News –

  • MIL-OSI Russia: A large non-residential property in Krasnoselsky District was put up for city auction

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Entrepreneurs can take part in auctions for the sale non-residential premises free-use area of over 700 square meters. It is located on Myasnitskaya Street in a building that is a cultural heritage site of regional significance. This was reported by the head of the capital’s Department of Competition Policy Kirill Purtov.

    “The acquisition of commercial real estate from the city in the center of the capital can provide a competitive advantage for business, since the success of the enterprise directly depends on the choice of location and the volume of pedestrian traffic. One of such lots is currently available at an open auction in the Krasnoselsky district. The non-residential premises are located at 21 Myasnitskaya Street, building 6, near the Turgenevskaya, Chistye Prudy and Sretensky Bulvar metro stations. The winner of the auction will be able to organize almost any business there, for example, open an educational or sports center. The bidding campaign will last until June 30, and the auction will be held on July 10,” said Kirill Purtov.

    The building was constructed in the 1910s and is called the School of Painting, Sculpture and Architecture — since 1920 — VKHUTEMAS — kitchen, student dining room. The facility includes a basement, first and second floors. The premises are connected to the main utilities: it has electricity, sewerage and water supply. A separate entrance is also provided.

    The buyer is obliged to comply with the requirements of the security obligation in relation to the cultural heritage site. Registration on the platform is required to participate in the auction “RoselTorg” and enhanced qualified electronic signature.

    Moscow is a city that develops entrepreneurship. The capital puts various properties up for auction, and the showcase for them is Moscow investment portal. In the section “Property from the city” information about the lots is published: photographs, documentation, conditions and form of implementation. A 3D tour of the objects is also available here. You can participate in the city auction remotely: the entire procedure takes place online.

    Development of electronic services for business corresponds to the objectives of the national project “Data Economy” and the regional project of the city of Moscow “Digital Public Administration”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155852073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Entrepreneurs help SVO fighters as part of the Summer in Moscow project

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the shopping malls on the site of the large-scale city project “Summer in Moscow” on Tverskaya Square, you can buy unusual interior items – hand-made chests and caskets, vintage comics, jewelry and antique cutlery, and then treat yourself to delicious donuts.

    All participants, displaying their goods and treats on the shelves, have one thing in common: they help special military operation (SMO) fighters.

    Together with other vintage collectors, businessman Sergey is part of a volunteer group. For two years now, they have been helping the Valuysky Central District Hospital in the Belgorod Region, Kherson hospitals, doctors of the 810th Marine Brigade, the 25th Guards Separate Motorized Rifle Brigade, the 3rd Motorized Rifle Division, and other units.

    The items collected by caring like-minded people included radios and monitors, medicines, medical products and bandages, as well as funds transferred to purchase everything necessary. The team’s ideological inspirer Marina directly contacts the fighters and doctors. She also deals with issues of storage and transportation of humanitarian parcels.

    In the shopping chalet No. 7, Sergey has put vintage and antique jewelry on the shelves, as well as tableware: teapots, samovars, forks, spoons, plates, dishes and much more, and has also put out foreign comics from the last century. However, he expects visitors not only to shop.

    “Anyone who wishes can, in addition to money, bring boots, socks, bed linen and underwear to our trading house for the soldiers who are currently undergoing treatment in hospitals. It is important that the items are new, in packaging and with price tags – this is necessary to comply with sanitary standards, which must be followed for the speedy recovery of servicemen. I will definitely pass on all this and give feedback,” the entrepreneur shared.

    Chests and sweets

    The owner of the chest workshop, Sergey, not only produces unusual furniture that will decorate any interior and give it a truly Russian flavor, but also regularly sends funds to the needs of military personnel.

    According to the businessman, the first time he and his comrades financially helped the fighters was at the beginning of last autumn. After that, they continued to transfer the necessary amounts to the official account of the charity fund.

    Maxim, a representative of the donut company that you can try right now at the Moscow Seasons site on Tverskaya Square, said that he and his colleagues began providing comprehensive assistance this year.

    The entrepreneurs launched their own production in the city of Zhukov (Kaluga Region). The local administration helped them cooperate with other business owners, and now together they are preparing huge loads for shipment to the front and to new regions of Russia.

    “For the last two orders, we bought wheels for KamAZ vehicles, and delivered repair parts, hinges and door handles to Mariupol. We buy humanitarian aid, each one their own part, so that we get a whole truck, and then we deliver everything to the fighters,” said Maxim.

    He added that the business expanded thanks to participation in city festivals — the team started by selling donuts in shopping chalets. Now the sweets can be found in grocery chains, but the entrepreneurs continue to delight guests of the Moscow Seasons venues with donuts.

    Many of the participants of Moscow festivals not only collect humanitarian aid from the first days of the SVO, but also independently deliver cargo to the front, and also help volunteer organizations. In addition, entrepreneurs give military personnel and residents of new regions products of their own manufacture (canned goods, warm clothes, toys, etc.).

    More information about the activities of the capital’s Department of Trade and Services is available in the official telegram channel.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. “Summer in Moscow” is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155856073/

    MIL OSI Russia News –

  • MIL-OSI Russia: What program was prepared at the Summer in Moscow venues on June 27–29

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital is hosting a large-scale project called “Summer in Moscow”. City residents and tourists are invited to join various master classes, see unusual performances and concerts, exciting circus shows, play chess, table tennis, bocce and many other games. This is only a small part of what you can do in the coming days. We tell you how to spend your leisure time interestingly on June 27, 28 and 29.

    Rock, Paper, Scissors Championship

    A large-scale championship in the game is taking place at the project sites “Rock, Paper, Scissors”Every day children and adults can compete on Tverskoy Boulevard.

    On June 27, the competition will be held on Admirala Rudneva Street (building 8), and on June 28, on Vvedenskogo Street (building 28). The venues will be open from 15:00 to 20:00. The final in the South-West Administrative District will be held on June 29 at 12:00 on Dmitry Donskogo Boulevard (building 11).

    Public talks, yoga, master classes and much more at the summer club “Moscow”

    There is a summer club on Tverskoy Boulevard “Moscow”, where residents and visitors of the capital of all ages can find something to do to their liking – from rock climbing and yoga to master classes and retro games.

    Beauty events will be dedicated to the theme of the graduation party. The space of two pop-up stores will be occupied by two Russian brands. Three beauty trucks will also be operating on the site. Gifts, discounts, raffles and product presentations have been prepared for guests.

    On June 27, from 19:00 to 20:00, a ceremony will be held in the rotunda. public talk, where beauty blogger Yulia Bay will talk about makeup trends and share tips on how to incorporate fashionable solutions into everyday looks. From 12:00 to 21:00, there will also be a presentation of products from brands occupying beauty trucks, as well as personal consultations with a technologist on hair condition.

    On June 28, a ceremony will be held in the rotunda public talk with perfumer Ivan Yakimov. He will share how to choose a natural scent according to your mood. In addition, a test bar of the capital brand’s products and a photo zone with a red carpet will be open all day.

    On June 29 from 19:00 to 20:00 there will be a public talk with a TV presenter and a make-up artist Rishey Krylova, which will tell about new shades of eyeshadow of one brand and show how to apply them. Guests will be able to test the products and ask questions. At 17:00 and 20:00 Moscow brands will hold final drawings. On the same day, consultants will hold presentations of brands.

    From floral still lifes to watercolor sketches: let’s go to an art studio

    On Passionate Boulevard Professionals will teach anyone over the age of six to paint sketches and floral still lifes using various artistic techniques.

    On June 27 from 3:00 pm to 7:45 pm and on June 28 from 1:00 pm to 7:45 pm, guests will paint a bouquet using dry pastel technique, a watercolor sketch, wild flowers with gouache using the alla prima technique, and an acrylic flower still life.

    “Literary Boulevard”, art pavilion “Raketa” and more

    Meeting, dedicated to children’s writer Nikolai Nosov, will be held on June 27 at the Literary Boulevard site. The organizers will talk about the author’s biography, his work in film and animation, and will also read the story “Cucumbers”, based on a true story. Parents will recall cartoons based on the writer’s works, and children will make bookmarks with characters from his books at a master class. The meetings take place on a specially equipped podium and last about an hour. The beginning is at 19:00, admission is free.

    In addition, on the same day, master classes will be held in the Raketa art pavilion of the Made in Moscow project on Rozhdestvenka Street. Guests will be able to collect puzzles and mosaics, and also with the help of the author’s coloring books provided by the Moscow brand, learn more aboutthe importance of family traditionsOn June 29, there will be a class on assembly here. Su-26 aircraft. Free admission.

    On June 27, the Green Market pavilion of the Made in Moscow project on Bolotnaya Square will host master class on design. From 18:00 to 19:00, guests will be able to learn the basics of modeling and create three-dimensional structures. Admission to both events is free.

    Circus divertissements

    City residents and tourists will enjoy exciting shows with the best circus artists of Russia. In the landscape park “Yuzhnoye Butovo” the artists of the Great Moscow Circus will show bright numbers, in Izmailovsky Park the show “Striped Flight” will take place, and in the cinema park “Moskino” the program “Algerian Lions” will take place.

    Performances at all three venues start at the same time: on June 27 at 19:00, and on June 28 and 29 at 14:00 and 18:00. Admission is paid and is not included in the ticket price to the Moskino Cinema Park. You can find out more about the events and buy tickets atofficial website.

    Update your wardrobe and see a mini-performance at the Leto department store

    The department store of Russian designers “Leto” will be open on Revolution Square. Everyone will be able not only to try on clothes they like and update their wardrobe, but also to listen to lectures, take part in master classes and even watch performances.

    So, on June 28 from 16:00 to 17:30 there will be a lecture where they will tell you how to invest in your reputation and name forincreasing media coverage. And on June 29 from 16:00 to 17:30 they will hold a lecture on the topic “The works of I. Shmelev. For the writer’s birthday”, and at 20:00 – a mini-performance.

    Festival of urban sports

    On the sites festival of urban sports In the open air you can play checkers, chess, table tennis, bocce and many other games.

    Everyone is welcome on June 28 and 29 from 11:00 to 21:00 in the parks of the Northern River Terminal, Sosenki, Pechatniki, 850th Anniversary of Moscow, Fili, near the Bolshoy Gorodskoy Pond, as well as in the Troparevo recreation area and the public space on Akademika Yangelya Street. Admission is free.

    Family Sports Games – From Arm Wrestling to Trampolines

    There will be events in different parts of the city family sports games. Free admission. On Saturday, June 28, from 11:00 to 15:00, visitors to the rotunda on General Karbyshev Boulevard (12) will enjoy fun starts, trampoline jumping, fitness exercises, a sports riddle contest, and attractions.

    In the Fili Children’s Park on Bolshaya Filevskaya Street (9), participants will be able to take part in tournaments and master classes in arm wrestling, strength testing, kettlebell lifting, and tug-of-war. The events will be held from 16:00 to 20:00.

    At the same time, an exciting sports relay race awaits guests at the Avangard stadium on Entuziastov Highway (33). Participants will have to go through an obstacle course of trampolines of varying difficulty, and cope with strength and endurance tasks.

    In the M.P. Sudakov Square on 40th Anniversary of October Avenue (40) from 16:00 to 20:00 there will be master classes and tournaments in board games. Here you can compete in table hockey, giant tavrels, and also join an open chess tournament.

    In addition, Muscovites and tourists will enjoy tournaments, competitions and fun relay races: throwing a projectile at a target, pillow fights and jumping in sacks. The events will take place at the site near the district center “Meeting Place “Baku”” on Usievich Street (house 12) from 16:00 to 20:00.

    On Sunday, June 29, you can play giant tic-tac-toe, Tetris, Rubik’s cube, and bowl in the rotunda on General Karbyshev Boulevard (12). Guests are welcome from 11:00 to 15:00.

    At the Avangard stadium, tournaments and master classes in arm wrestling, strength testing, kettlebell lifting and tug-of-war will be held from 16:00 to 20:00. And at the site near the regional center “Meeting Place “Baku”” at the same time, there will be fitness exercises, a sports quiz and fun starts, trampolines and attractions will be working.

    In the recreation area “Troparevo” from 16:00 to 20:00 everyone will be offered to play table hockey, giant tavrels and chess. On the site in the Academic Park on Dmitry Ulyanov Street (property 9a, building 1) you can go on a sports family route, play mini-golf, giant Jenga, jump on trampolines, and also take part in football and fitness relay races.

    Theatrical walking tour, noble games and karaoke with live music

    A theatrical walking tour will be held in the Trubetskoy estate park “Customs and Morals of Old Moscow”. Guests will take part in a discussion with Ivan Turgenev’s characters and see an interactive mini-performance based on Leo Tolstoy’s diaries. Admission is free. Participants are expected on June 28 from 11:00 to 22:30.

    In the museum-reserve “Kuzminki-Lyublino” a master class will take place “Noble accessories. Fans”. On June 28 from 12:00 to 14:00, everyone will be able to create an exquisite fan together with professionals. The class will be organized next to the stage.

    On this day, the Kuzminki-Lyublino Museum-Reserve will also host noble games: biryulki, croquet, badminton, serso, gorodki, and lapta. The events are planned from 12:00 to 19:00 with breaks. In addition, a retro studio will be open in the Kuzminki estate from 12:00 to 19:00, and a concert will be held at 18:30.

    In the summer cinema of the Mitino landscape park, everyone can join karaoke with live music. In a cozy atmosphere in the open air, everyone will perform their favorite songs together with professional musicians on June 28 from 19:00 to 20:30.

    Films, concerts, exhibitions and performances in Zaryadye Park

    As part of the project “Cinema Summer in Zaryadye” For Youth Day, viewers will see two films separated by 20 years. June 28 — Oksana Bychkova’s romantic melodrama “Piter FM” (2006). This is a story about how a random coincidence can change the fate of two people at a crossroads in life. June 29 — Karen Shakhnazarov’s social drama “Courier” (1986) about growing up and making choices. Free admission.

    In addition, the IV festival will be held in Zaryadye Park on June 28 and 29 “New Classics”. This year it is dedicated to the musician, avant-garde composer, innovator Alexander Mosolov. Guests will enjoy concerts on the large and experimental stages. An interactive exhibition “Music of Machines” will be organized, where curators have collected modern musical instruments. Everyone will be able to create an improvisational composition. The main premiere event of the festival will be the plastic performance “Yul”. Admission to all festival venues is free, registration is required for the performance.

    From decorating a movie plate to a musical quest: the program of the Moskino cinema park

    For young guests cinema park “Moskino” On June 28 and 29 from 12:00 to 19:00, the educational center will host master classes on decorating a movie plate, a movie clapperboard, and a felt hat. The class is fee-based. In addition, children will be able to paint a felt headdress, making an unusual decoration for it using colored markers, paints, and colored paper. Participation in the master class is fee-based.

    From 11:00 to 19:00, guests are invited to take part in the exciting quest “In the Rhythm of the Cinema Park”. Everyone will be able to immerse themselves in the musical culture of jazz, rock and roll, blues and swing, learn about these popular musical genres and their history, become part of one of the dance teams and perform on stage. The best teams will compete in a dance battle in front of the audience. Participation is included in the ticket price to the cinema park.

    Jazz musicians will perform in the Gonzaga Theatre setting. On June 28 at 1:30 PM and 3:30 PM and on June 29 at 3:00 PM and 5:00 PM, the Kors band cover band will perform on stage, and from 6:00 PM to 6:40 PM, a concert by jazz vocalist Eteri Beriashvili will take place. On the central square from 12:00 PM to 6:30 PM, the Las Aventuras drum group will professionally play on iron tanks. These events can be attended with an entrance ticket to the cinema park.

    Festival “Youth Day”

    Youth Day will be celebrated in Moscow on June 28 and 29. At the festival’s flagship venue — Bolotnaya Square — young musical groups and popular artists will perform. Experts will conduct career consultations and help to decide on a future profession. In addition, everyone will be offered to create magnets and join artistic plein airs.

    Also, as part of the Youth Day festival, two sites dedicated to patriotism, as well as volunteering and charity, will operate in the Muzeon Arts Park.

    Thus, on the rollerdrome on Bolotnaya Square on June 28 from 12:10 to 16:10 there will be a show called “Memory Diary”. The ice theater team led by Petr Chernyshev and Tatyana Navka will perform. And from 19:00 to 23:00 the groups “Gradusy” and “Komnata Kultury” will take to the stage, as well as DJs Groove and Nejtrino.

    On June 28 and 29, from 12:00 to 19:00, the Kreativ site will host master classes on creating magnets, and from 12:30 to 14:30, there will be a plein air, where participants will paint urban landscapes under the guidance of experienced artists. In addition, on June 28, guests will be treated to master classes on generative design, decorating sunglasses, DJing, customizing T-shirts, and many other activities.

    Visitors to the Career site will be able to take part in an interactive game where they need to guess encrypted professions. The sessions will be held on June 28 from 12:00 to 13:30 and from 15:45 to 19:00. On the same day, from 12:00 to 13:30 and from 15:45 to 19:00, everyone is offered career consultations from experts of the Moscow Government Career Development Center.

    On June 29 at 1:45 p.m. the lecture “How to leave your job and create an environmentally friendly startup” will begin, and at 2:45 p.m. the lecture “How to get an internship at a top company without leaving home” will begin.

    On both days, June 28 and 29, you can play mini-golf, take part in cyber hockey and football tournaments in the Sport hub, and also try to create music using voice commands or text requests to the neural network on the Neural Network platform.

    The full program of the Youth Day festival can be found on the portal “Youth of Moscow”.

    Tournament “Heroes of the Chessboard. Moscow”

    On June 29 from 12:00 to 16:00 the next competitions of the tournament “Heroes of the Chessboard. Moscow” will take place. To participate you need registration.

    An open series of blitz chess tournaments is taking place at40 sites all over the city.

    Noble promenade, retro studio and master class in Izmailovsky Park

    From 12:00 to 19:00 Muscovites and tourists are invited to take part noble promenade through the picturesque Izmailovsky Park in the company of the hospitable hosts of the estate. Participants will discuss literature and listen to romances with a guitar. The hosts of the estate will also tell about the rules of etiquette and teach fashionable secular dances of the 19th century. Guests are expected on the alley of the Big Circle (house 7).

    In addition, from 12:00 to 19:00, Izmailovsky Park will be open retro studio. Here you can feel like a 19th century nobleman in a luxurious historical costume. And from 12:00 to 14:00 you can take part in a master class “Noble accessories. Brooches”.

    Performance “Ershov. Beyond the mountains, beyond the forests”

    In the amphitheater in the Polytech Museum Park as part of the festival “Theatre Boulevard” On June 29 at 14:00 there will be a performance “Ershov. Beyond the Mountains, Beyond the Forests”. The musical and dramatic performance by director Yuri Pechenezhsky is inspired by the poetry of Pyotr Ershov and his fairy tale “The Little Humpbacked Horse”. The story of a boy who believed in fairy tales since childhood and one day decided to make up his own will be told together with the artists by the musicians of the folklore ensemble “Komon”. Admission is free. Spectators aged 18 and over are invited.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports programs are held in all districts of the city, most of which are free. “Summer in Moscow” is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155854073/

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  • MIL-OSI Russia: NSU entered the top 5 best universities in Russia in the Interfax group rating

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University – The Interfax Group presented the 16th annual National University Ranking for 2025. Novosibirsk State University entered the top 5 best universities in Russia, second only to Moscow universities such as Moscow State University, MEPhI, MIPT and HSE. Compared to 2024, NSU rose two positions: from 7th to 5th place, ahead of TSU and St. Petersburg State University.

    The activities of 389 Russian universities were assessed during the preparation of the rating. The rating includes all the country’s high-status universities: 29 national research universities, 10 federal universities, 33 flagship universities, and 145 universities participating in the Priority 2030 program. The universities’ activities were assessed according to six parameters: Brand, Education, Research, Social Environment, Cooperation, Innovation, and Entrepreneurship.

    NSU’s advancement in the ranking is primarily due to its improved positions in two sub-ratings: Research (from 7th place in 2024 to 5th in 2025) and Innovation and Entrepreneurship (from 15th place in 2024 to 8th in 2025). It is important to note that NSU has significantly improved its position in the latter parameter for the second year in a row (in 2023, it was in 35th place).

    — Over the past 5 years, extra-budgetary revenues from research activities have increased 5-fold and by the end of 2024 amounted to 1.9 billion rubles. NSU participates in all key development programs, including Priority 2030, Network of Modern Campuses, Research Centers in Artificial Intelligence, etc. We are also strengthening cooperation with industrial partners in the implementation of joint research projects, development and implementation of new technologies, methods, approaches to solving problems facing various industries. Our strategic goal is to become a center of attraction for innovation, which will be facilitated by the creation of a modern infrastructure for research and innovation activities on the basis of the NSU campus under construction, — commented NSU Rector, Academician of the Russian Academy of Sciences Mikhail Fedoruk.

    NSU is actively working in the field of technological entrepreneurship. Thus, the NSU Startup Studio operates at the university; at present, more than 55 student teams have become winners of the federal competition of the Foundation for Assistance to Innovations and received 1 million rubles each for the implementation of their projects. More than 30 of them have become residents of the Academpark business incubator. By the end of 2024, more than 1 billion rubles have been attracted to R&D projects for high-tech industries.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Israeli Mossad chief says Iran operation to continue

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    JERUSALEM, June 26 (Xinhua) — Israeli intelligence chief Mossad David Barnea said in a video released by the agency on Wednesday that the organization will continue its activities in Iran.

    In the video, D. Barnea addresses the staff of the task force on Tuesday, just hours after the ceasefire agreement between Israel and Iran came into effect.

    “We will continue to closely monitor all of Iran’s projects, which we already know about in great detail,” he said.

    He noted that “through precise intelligence, advanced technology and unimaginable combat capabilities, we helped the Air Force disrupt Iran’s nuclear program, establish air superiority over Iran and reduce the missile threat, thereby ensuring the safety of Israeli citizens.”

    In the video, she also thanked the US Central Intelligence Agency “for our joint work.” –0–

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  • MIL-OSI Russia: 10 killed in shooting at festival in central Mexico

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MEXICO CITY, June 25 (Xinhua) — At least 10 people, including children, were killed in a shootout at a religious festival in the Mexican city of Irapuato, Guanajuato state, on Tuesday night, Mexican President Claudia Sheinbaum said at a daily press conference on Wednesday.

    “It was a conflict, but unfortunately children died,” she said. “What happened is very unfortunate,” the president said, adding that an investigation into the incident was ongoing. She promised to work with Guanajuato Governor Libya Denise García Muñoz Ledo to address the violence in the state.

    The Irapuato administration has condemned the attack on a private home that left several people with gunshot wounds. –0–

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  • MIL-OSI Russia: German export outlook worsens amid US tariff concerns – ifo

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BERLIN, June 26 (Xinhua) — German manufacturers’ export expectations worsened in June as U.S. tariff policies continued to weigh on sentiment in key industries, a poll by the ifo Institute showed on Wednesday.

    The ifo export expectations index fell to -3.9 points in June from -3.0 in the previous month, signaling a general decline in confidence in Germany’s export-oriented economy.

    The clothing sector showed the most gloomy outlook, while sentiment among food and beverage producers, automakers and metal producers also deteriorated significantly.

    Germany’s auto sector, a cornerstone of its industrial base, faces persistently low export expectations and remains particularly vulnerable to trade tensions. The U.S. has already imposed a 25 percent tariff on cars and auto parts imported from the European Union.

    “The tariff threat from the US is still being discussed. An agreement between the EU and the US has not yet been reached,” said ifo’s head of surveys, Klaus Wohlrabe. “This uncertainty reduces exporters’ expectations.”

    According to the latest data from the Federal Statistical Office, German exports fell by 1.7 percent month-on-month in April, while shipments to the United States, Germany’s largest export market, fell sharply by 10.5 percent. –0–

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  • MIL-OSI Russia: China to Promote High-Quality Gold Mining Development

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 26 (Xinhua) — China will promote high-quality, intelligent, green and safe development of its fast-growing gold mining industry, the Ministry of Industry and Information Technology (MIIT) said.

    Recently, the MPI, together with eight departments including the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Natural Resources, released an action plan for the high-quality development of the gold mining industry for 2025-2027.

    According to the MPI, the implementation of the action plan aims to unify the work to ensure high-quality development and high security, and to maximize China’s advantages in the scale of gold smelting and processing, business management and other aspects.

    According to the plan, by 2027, China’s gold resource capacity and the innovation level of its industrial chains will be significantly enhanced. During this period, the country’s gold reserves will increase by 5-10 percent, and gold and silver production by more than 5 percent.

    China will promote green and efficient use of resources through measures such as building green mines and factories, and accelerate digital transformation by adopting artificial intelligence and other technologies, the plan says.

    According to data from the China Society of Gold Miners, China’s gold production was 377.24 tons in 2024, while its consumption of the yellow metal was 985.31 tons. -0-

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  • MIL-OSI Russia: The 9th China-South Asia Expo closed in Kunming

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

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  • MIL-OSI Russia: New flight connects Chinese Guangzhou with Almaty

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 26 (Xinhua) — China Southern Airlines flight CZ3083 with 145 passengers on board took off from Guangzhou Baiyun International Airport in south China’s Guangdong Province on Wednesday for Almaty, Kazakhstan, marking the official opening of a direct air route between the two cities by the Chinese carrier.

    The new route will be operated by Boeing 737-8 aircraft in both directions on Mondays, Wednesdays and Fridays, the Chinese news agency Zhongxinshe reports.

    With the addition of this route to the schedule, China Southern Airlines’ fleet now operates a total of 26 direct round-trip flights per week, connecting Almaty with airports in Guangzhou, Urumqi (the capital of the Xinjiang Uygur Autonomous Region in Northwest China), Xi’an (the capital of Shaanxi Province in Northwest China) and Beijing Daxing Airport.

    Let us recall that 2024 was the Year of Kazakhstan Tourism in China, and 2025 has been declared the Year of China Tourism in Kazakhstan. The opening of the new airline will facilitate business and tourism exchanges between China and Kazakhstan, the report notes.

    In addition, as previously reported, China Southern Airlines will also launch a Guangzhou-Tashkent flight on June 30. The carrier’s network of flights on air routes between China and Central Asia continues to expand. -0-

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  • MIL-OSI Russia: Xinhua intends to expand cooperation with Azerbaijani media

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 26 (Xinhua) — Xinhua News Agency Director-General Fu Hua met with a delegation of Azerbaijani media in Beijing on Wednesday.

    Fu Hua said that Xinhua and the Azerbaijan State News Agency signed a cooperation agreement in April. Xinhua is ready to work with Azerbaijani media to tell stories about the friendship and cooperation between the two countries in various fields.

    Fu Hua expressed hope that the media of the two countries will strengthen cooperation in news coverage, technology and personnel exchange.

    Executive Director of the Azerbaijan Media Development Agency Akhmed Ismayilov stated that the Azerbaijani side is ready to implement important agreements reached by the heads of the two countries together with Xinhua and achieve new successes in media cooperation. -0-

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  • MIL-OSI Russia: Two ISIS militants killed in northern Iraq

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BAGHDAD, June 26 (Xinhua) — Two militants of the Islamic State (IS) group were killed on Wednesday during a military operation in northern Iraq, the Iraqi counter-terrorism service said in a statement.

    Acting on intelligence, counter-terrorism forces ambushed militants in a remote area of Kirkuk province.

    The counter-terrorism service will continue to fight terrorism in all corners of Iraq, the statement said.

    While Iraq declared victory over ISIS in 2017, remnants of the group continue to carry out attacks on security forces and civilians in cities, deserts and remote areas. –0–

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  • MIL-OSI Russia: IMF Executive Board Completes the Fourth Reviews of the EFF/ECF Arrangements and the Third Review of the RSF Arrangement for Côte d’Ivoire

    Source: IMF – News in Russian

    June 25, 2025

    • The IMF Executive Board today completed the Fourth Reviews of Côte d’Ivoire’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) Arrangements and the Third Review of the Resilience and Sustainability Facility (RSF) Arrangement. The decision allows for an immediate disbursement of about US$758 million.
    • Program implementation has been strong, with all end-December 2024 performance criteria and structural benchmarks met satisfactorily under the EFF/ECF program, and all climate-financing reform measures completed under the RSF arrangement.
    • The authorities’ ongoing commitment to reforms is expected to support Côte d’Ivoire’s sustainable transformation toward upper middle-income status over the medium term, while strengthening economic resilience to climate-induced shocks and maintaining balance of payments stability.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Fourth Reviews of the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) Arrangements and the Third Review of the Resilience and Sustainability Facility (RSF) Arrangement for Côte d’Ivoire.

    The EFF/ECF-supported program approved in May 2023 in the amount of SDR2,601.6 million (equivalent to 400 percent of quota or about US$3.6 billion), has substantially reduced imbalances and safeguarded a moderate risk of debt distress rating, while important reforms under RSF arrangement for a total amount of SDR975.6 million (equivalent to 150 percent of quota or about US$1.3 billion) are contributing to prospective balance of payments stability and economic resilience to climate-induced shocks. The authorities’ ongoing commitment to reforms under both programs should support Côte d’Ivoire’s sustainable transformation toward upper middle-income status over the medium-term. Program implementation has been generally strong thus far, with all end-December performance criteria met and implementation of structural benchmarks being satisfactory. Moreover, all reform measures under the RSF arrangement for this review with a focus on climate-financing architecture were implemented. The completion of the reviews allows for an immediate disbursement of about US$758 million under the multi-year Fund arrangements.

    Côte d’Ivoire’s resilient economy has consolidated its role as an anchor of stability in the region against a still difficult global backdrop. Amid a recovery in agricultural production, favorable terms of trade and rising household incomes growth is expected to pick up in the near term. The medium-term outlook also remains favorable as economic fundamentals strengthen further and the hydrocarbon and mining sectors add to broad-based growth. Risks are broadly balanced. For 2025, growth is projected to be 6.3 percent, while average inflation is expected to return to within the 1 to 3 percent WAEMU target range. The 2025 current account deficit is projected to narrow to 3.6 percent of GDP, and the fiscal deficit is expected to meet the WAEMU deficit ceiling of 3 percent of GDP.

    The authorities remain firmly committed to boosting tax revenue in the medium term, and to implementing the medium-term revenue strategy (MTRS) approved in May 2024. Sustained effort is expected by the authorities to increase tax revenue to GDP by 0.5 percent of GDP, each year through 2026 and reach approximately 20 percent of GDP over the medium-term through self-sustaining tax policy and tax administration reforms.

    Important structural reforms continue to focus on improving the business climate and increasing the involvement of the private sector in the country’s development. To this end, enhancements in the transparency and accountability of public enterprises, further strengthening governance and financial integrity (particularly the AML/CFT framework), along with investment in human capital, broader financial inclusion, and climate resilience, to support higher productivity growth will be instrumental.

    Following the Executive Board discussion, Mr. Okamura, Acting Chair and Deputy Managing Director, made the following statement:

    “Côte d’Ivoire’s performance under the Fund-supported programs has been strong, reflecting the authorities’ commitment to entrenching macroeconomic stability. Sustained reform efforts will help safeguard fiscal and debt sustainability and consolidate the country’s role as an anchor of regional stability.

    “Continued fiscal consolidation envisaged in the 2025 budget will be underpinned by high-quality and permanent tax policy measures, as well as tax and customs administration reforms. These measures will support bringing the fiscal deficit to 3 percent of GDP by 2025, in line with the WAEMU ceiling, and help reduce the country’s debt sustainability risks.

    “Sustaining domestic revenue mobilization over the medium-term remains a priority to generate the fiscal space needed to finance social and development spending and support a deeper economic transformation toward upper middle-income status. To this end, implementation of the Medium-term Revenue Mobilization Strategy (MTRS) will continue to require significant engagement with stakeholders to ensure buy-in for the needed overhaul of the tax system and the streamlining of VAT tax exemptions and other tax expenditures.

    “Preserving fiscal space will be aided by the authorities’ commitments to enhance the coverage, transparency, and management of public finances. The authorities’ continued active debt management remains critical in safeguarding debt sustainability. Sustaining structural reform momentum and continuous improvements in safeguarding financial integrity and governance are important for unlocking the private sector’s potential.

    “Addressing identified AML/CFT framework deficiencies, and showcasing an implementation track-record on AML/CFT is critical. Further investments in human capital development, especially amongst youth and women, along with the reduction of informality, will make growth more inclusive. Continuing efforts to strengthen resilience to climate shocks will also be important for a sustainable transformation of Côte d’Ivoire’s economy.”

    Table 1. Côte d’Ivoire: Selected Economic and Financial Indicators, 2022–26

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/pr25220-cote-d-ivoire-fourth-reviews-of-the-eff-ecf-and-third-review-of-the-rsf

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  • MIL-OSI Russia: Jordan—IMF Executive Board Completes Third Review of the Extended Fund Facility Arrangement and Approves US$ 700 Million Arrangement under the Resilience and Sustainability Facility

    Source: IMF – News in Russian

    June 25, 2025

    • The IMF Executive Board completed the third review under the Extended Fund Facility (EFF) Arrangement with Jordan, providing the authorities with immediate access to the equivalent of SDR 97.784 million (about US$134 million), to support the authorities’ economic program.
    • Jordan’s economic program supported by the EFF arrangement remains firmly on track, demonstrating the authorities’ strong commitment to sound macro-economic policies and structural reforms to strengthen Jordan’s resilience and accelerate growth to enhance job creation and provide opportunities for all Jordanians.
    • Thanks to the continued pursuit of sound economic policies, and despite the considerable external headwinds, including the conflicts in the region, Jordan has maintained macro-stability and broad-based economic growth.
    • The Executive Board also approved a new 30-month arrangement under the Resilience and Sustainability Facility (RSF) with Jordan, with access equivalent to SDR 514.65 million (about US$700 million), to support Jordan’s efforts to address longer-term vulnerabilities in the water and electricity sectors and to enhance their ability to address public health emergencies, including future pandemics.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) today completed the third review of the arrangement under the Extended Fund Facility (EFF). Jordan’s four-year EFF arrangement, with access amounting to SDR 926.37 million (about US$1.3 billion, equivalent to 270 percent of Jordan’s quota in the IMF), was approved by the IMF Executive Board on January 10, 2024 (see Press Release No. 24/004). This decision allows for an immediate purchase of an amount equivalent to SDR 97.784 million (around US$134 million), bringing the total purchases under the EFF arrangement to the equivalent of SDR 437.454 million (about $595 million). In addition, the IMF Executive Board approved an arrangement under the Resilience and Sustainability Facility (RSF) with Jordan, with access equivalent to SDR 514.65 million (about US$ 700 million, equivalent to 150 percent of Jordan’s quota).

    Jordan’s continued economic resilience in a challenging external environment, with continuing conflicts in the region and high uncertainty, is a testament to the authorities’ resolve to pursue sound macroeconomic policies. The authorities’ ownership of the EFF arrangement remains strong, with program targets consistently met. Jordan registered stronger growth in 2024 and so far in 2025 than previously anticipated, demonstrating continued resilience. Growth reached 2.5 percent in 2024. Economic activity is expected to gradually strengthen in the coming years, supported by continued sound macroeconomic policies and accelerated reform implementation.

    Inflation remains stable and low, reflecting the Central Bank of Jordan’s (CBJ) firm commitment to monetary and financial stability and the exchange rate peg. Jordan’s external position remains stable, with the current account deficit projected to remain close to 6 percent of GDP. The CBJ’s gross international reserves increased to over US$20 billion by end-2024, with reserve adequacy exceeding 100 percent of the Fund’s ARA metric. The financial sector remains healthy and well-capitalized. While the spillover effects from regional conflicts have also affected government finances, the authorities continue to make progress with a gradual fiscal consolidation to place public debt on a downward path, while creating room for social assistance and needed public investment. Jordan’s structural reform agenda focuses on fostering inclusive private sector-led growth by enhancing the business environment and improving labor market policies, including to expand opportunities for youth and women.

    The RSF arrangement will support the authorities’ efforts to strengthen Jordan’s longer-term balance of payments stability by promoting economic resilience and sustainability. The RSF arrangement aims to address longer-term vulnerabilities in the water and electricity sectors and enhance the authorities’ ability to address public health emergencies, including future pandemics. Reform measures focus on: (i) enhancing the energy sector’s financial sustainability and energy efficiency; (ii) improving the water sector’s financial sustainability and water management; (iii) strengthening fiscal and financial sector resilience; and (iv) enhancing pandemic preparedness. The arrangement will augment policy space and financial buffers to mitigate risks arising from these challenges.

    Following the Executive Board’s discussion on Jordan, Mr. Kenji Okamura, Deputy Managing Director and Acting Chair, issued the following statement:

    “Jordan continues to maintain macroeconomic stability despite external headwinds from regional conflicts and heightened global economic uncertainty, owing to the authorities’ steadfast pursuit of sound policies and continued strong international support. Growth in 2024 and so far in 2025 ended up stronger than anticipated, inflation is low, and reserve buffers are strong. Against elevated risks in the region, it is important that the authorities stay the course with sound fiscal and monetary policies to safeguard macroeconomic stability.

    “The authorities continue to make progress with a gradual fiscal consolidation and strengthening fiscal sustainability, thanks to fiscal reforms that have improved revenue administration and expenditure efficiency. Looking ahead, efforts should continue to further enhance revenue mobilization and spending efficiency and to take contingency measures as needed to keep public debt on a steady downward path, while protecting priority social and capital spending. Efforts should also continue to improve the efficiency and viability of the public utilities to preserve the sustainability of public finances, while improving service delivery.

    “Monetary policy remains appropriately focused on safeguarding monetary and financial stability and supporting the exchange rate peg that has served Jordan well and helped keeping inflation low. Jordan’s banking sector remains healthy, and the central bank continues to strengthen its systemic risk analysis, financial sector oversight, and crisis management.  

    “Structural reforms should be accelerated to improve the business environment, promote competition, and attract private investment that is crucial to create a dynamic and resilient private sector, foster job-rich growth, and achieve the objectives of Jordan’s Economic Modernization Vision. Strong and timely donor support remains essential to help Jordan navigate the challenging external environment, host the large number of refugees, and meet Jordan’s development objectives.

    “The reforms under the Resilience and Sustainability Facility aim to support the authorities’ efforts to address long-term vulnerabilities in the water and energy sectors and to be better prepared for public health emergencies, including pandemics. These reforms will strengthen Jordan’s balance of payments stability by promoting economic resilience and sustainability and by augmenting policy space and financial buffers to mitigate risks arising from these challenges.”

    Jordan: Selected Economic Indicators, 2023–26

    2023

    2024

    2025

    2026
     

    Proj.

    Proj.

    Output and Prices

    Real GDP growth

    2.9

    2.5

    2.7

    2.9

    GDP deflator

    1.8

    1.9

    2.3

    2.6

    Nominal GDP (JD billions)

    36.3

    37.9

    39.8

    42.0

    Inflation 1/

    2.1

    1.9

    2.2

    2.6

    Unemployment

    22.0

    21.4

    …

    …

    Government Finances (in percent of GDP)

    Central government fiscal operations

    Revenue and grants 2/

    25.2

    24.9

    25.4

    26.0

       Of which: grants

    2.0

    1.9

    1.8

    2.0

    Expenditures 2/

    30.6

    31.4

    31.2

    30.5

    Overall central government balance

    -5.4

    -6.4

    -5.8

    -4.5

    Central government primary balance (exc. grants, NEPCO and WAJ)

    -2.7

    -2.8

    -2.0

    -1.0

    Electricity company (NEPCO) losses

    Combined public sector balance 3/

    -4.5

    -4.5

    -3.6

    -2.4

    Government gross debt 4/

    113.5

    114.7

    115.7

    114.9

    Government gross debt, net of SSC holdings of government debt 4/

    89.0

    90.2

    89.7

    87.5

    Money and Credit

         Broad money (percent change)

    2.3

    6.1

    5.1

    5.6

         Credit to the private sector (percent change)

    1.7

    2.9

    4.6

    6.0

    Balance of payments

    Current account (in percent of GDP)

    -3.6

    -5.9

    -5.5

    -5.9

    FDI (in percent of GDP)

    3.6

    3.0

    3.3

    3.4

    Gross reserves (in months of imports)

    6.9

    7.7

    7.1

    7.1

    In percent of Reserve Adequacy Metric

    101

    110

    105

    105

    Sources: Jordanian authorities; and Fund staff estimates and projections.

    1/ Consumer Price Index (annual average).

    2/ Includes the programmed amount of fiscal measures that are needed to meet fiscal targets.

    3/ Sum of the primary central government balance (exc. grants and net transfers to NEPCO-electricity company and WAJ-water company) and the net loss of NEPCO, WAJ and water sector distribution companies.

    4/ Government’s direct and guaranteed debt (including NEPCO and WAJ debt). SSC stands for Social Security Corporation.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/pr25221-jordan-imf-completes-3rd-rev-eff-arrangement-approves-us-700-mill-arrangement-under-rsf

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  • MIL-OSI Russia: Hamas says it is committed to working with mediators on a ceasefire in the Gaza Strip

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    GAZA, June 25 (Xinhua) — Palestinian movement Hamas on Wednesday said it remains actively involved in ongoing mediation efforts to reach a ceasefire agreement in the Gaza Strip.

    In its press release, Hamas said it was committed to engaging with mediators and responding constructively to any serious proposals that could lead to a comprehensive agreement and stop what the movement called “aggression and war of extermination” against the Palestinian people.

    Hamas stressed the need for a lasting ceasefire, a complete withdrawal of Israeli troops from the Gaza Strip, unimpeded access for humanitarian aid, the beginning of the reconstruction of the Palestinian enclave and a prisoner exchange deal.

    The movement blamed the delay in reaching an agreement on Israeli Prime Minister Benjamin Netanyahu, accusing the latter of “obstruction and delay” for the sake of “personal political goals” and “reinforcing the illusion of total victory” through military means.

    The announcement came hours after US President Donald Trump announced “significant progress” on a ceasefire agreement in Gaza, Israeli state broadcaster Kan reported without giving details. –0–

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  • MIL-OSI Russia: In January-May 2025, Armenia’s foreign trade turnover decreased significantly

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Yerevan, June 25 (Xinhua) — Armenia’s foreign trade turnover decreased by 49 percent in the first five months of this year compared to the same period last year and amounted to about $7.9 billion, the National Statistical Committee of Armenia reported on Wednesday.

    Exports during the reporting period decreased by 57.4 percent year-on-year to about $3.02 billion; imports decreased by 42 percent year-on-year to about $4.8 billion.

    In January-May 2025, the economic activity index in Armenia exceeded the data of the previous year by 5.7%. The growth of construction volume was recorded by 17.1%, services (excluding trade) by 10.1% and domestic trade turnover by 4.2%, while the volume of industrial production decreased by 14.1%. –0–

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  • MIL-OSI Russia: In January-May 2025, Armenia’s foreign trade turnover decreased significantly

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Yerevan, June 25 (Xinhua) — Armenia’s foreign trade turnover decreased by 49 percent in the first five months of this year compared to the same period last year and amounted to about $7.9 billion, the National Statistical Committee of Armenia reported on Wednesday.

    Exports during the reporting period decreased by 57.4 percent year-on-year to about $3.02 billion; imports decreased by 42 percent year-on-year to about $4.8 billion.

    In January-May 2025, the economic activity index in Armenia exceeded the data of the previous year by 5.7%. The growth of construction volume was recorded by 17.1%, services (excluding trade) by 10.1% and domestic trade turnover by 4.2%, while the volume of industrial production decreased by 14.1%. –0–

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  • MIL-OSI Russia: Georgia’s population exceeds 3.9 million people – preliminary census data

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tbilisi, June 25 (Xinhua) — The country’s population has reached 3,914,000 people, according to preliminary results of the general population census released by the National Statistics Office of Georgia on Wednesday.

    Compared to the results of the 2014 census, when the population was 3,713,804 people, the population growth over the decade exceeded 200 thousand people.

    Currently, the female share of the Georgian population is 2,078,000 people /53%/, the male share is 1,836,000 people /47%/.

    The census was conducted from November 14 to December 31, 2024. –0–

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  • MIL-OSI Russia: Chinese Foreign Minister Meets with Diplomatic Representatives of EU and Its Member States

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 (Xinhua) — Chinese Foreign Minister Wang Yi held a collective meeting with diplomatic representatives of the European Union and its member states in Beijing on Wednesday.

    As Wang Yi, also a member of the Politburo of the CPC Central Committee, reminded, this year marks the 50th anniversary of the establishment of diplomatic relations between China and the EU. As two major constructive forces in the modern world, China and the EU should enhance mutual trust, properly resolve differences, and join forces to elevate the China-EU comprehensive strategic partnership to a new height.

    Wang Yi put forward a three-point proposal for the future development of China-EU relations.

    Firstly, the head of the Chinese Foreign Ministry pointed out, the parties must adhere to mutual respect, in particular, respect each other’s fundamental interests and important concerns in practice.

    China hopes that the EU will continue to strictly adhere to the one-China principle and oppose any form of separatist activity aimed at achieving “Taiwan independence,” the Chinese diplomat stressed.

    Secondly, the parties should adhere to the established positioning of the bilateral partnership. According to Wang Yi, China and the EU are partners, not rivals, and certainly not enemies.

    Third, the two sides should adhere to multilateralism. China firmly upholds the international system with the UN at its core, the international order based on international law, and the fundamental norms of international relations based on the purposes and principles of the UN Charter, Wang said, adding that China consistently advocates peaceful negotiations and rejects the use of force.

    According to the Chinese diplomat, the three global initiatives put forward by Chinese President Xi Jinping, the Belt and Road Initiative and the concept of building a community with a shared future for mankind are the contributions of Chinese wisdom and Chinese solutions to the international community.

    “China and the EU should follow the trend of the times, strengthen mutual understanding, build mutual trust, promote mutual success and brighten the world,” Wang added.

    The head of the EU diplomatic mission and diplomatic representatives of EU member states said that China has always been an important partner for the European Union.

    According to them, the EU is ready to move forward with China, develop constructive and stable relations, jointly confront global challenges, defend multilateralism, and promote peace and security throughout the world. –0–

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  • MIL-OSI Russia: Chinese Defense Minister Meets with Participants of SCO Defense Ministers’ Meeting

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    QINGDAO, June 25 (Xinhua) — Chinese Defense Minister Dong Jun held separate meetings with his counterparts from Belarus, Iran, Pakistan, Kyrgyzstan and Russia in Qingdao, east China’s Shandong Province, on Wednesday.

    From June 25 to 26, the above-mentioned officials are taking part in a meeting of defense ministers of the Shanghai Cooperation Organization (SCO) member states.

    Dong Jun stated that the world is currently witnessing a strengthening of the regressive tendencies of unilateralism and protectionism, while manifestations of hegemonism, despotism and bullying are seriously undermining the international order, becoming the biggest sources of chaos and troubles.

    The Chinese minister called for strengthening coordination within multilateral structures such as the UN and the SCO, upholding international fairness and justice, and protecting global strategic stability.

    Dong Jun’s interlocutors highly appreciated China’s active efforts and important contribution as the rotating chair of the SCO aimed at strengthening institutional mechanisms and deepening cooperation in all areas, expressing their firm intention to strengthen and develop cooperation in the military sphere. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: US to hold talks with Iran next week – D. Trump

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    THE HAGUE, June 25 (Xinhua) — U.S. President Donald Trump announced in The Hague, the Netherlands, on Wednesday that the United States will hold talks with Iran next week.

    “We are going to talk to them – to Iran – next week. We can sign an agreement,” D. Trump said at a press conference following the NATO summit.

    Earlier on Wednesday, Trump noted that the ceasefire between Iran and Israel was being observed “very well.” –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Iran says military commander killed in Israeli airstrike

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TEHRAN, June 25 (Xinhua) — Ali Shadmani, chief of the central staff of Iran’s Khatam al-Anbia Armed Forces, has died from wounds sustained in an Israeli air strike, the headquarters said on Wednesday.

    According to the semi-official Tasnim news agency, A. Shadmani, who recently replaced Gholam Ali Rashid as chief of staff, was seriously wounded during Israeli strikes on Iran last week.

    The Jewish state’s army then announced that it had killed A. Shadmani in a nighttime airstrike on a command center located in central Tehran. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Jamaica

    Source: IMF – News in Russian

    June 25, 2025

    • The Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation with Jamaica on June 12, 2025.
    • Over the last decade, Jamaica has established an enviable track record of investing in institutions and prioritizing macroeconomic stability which allowed it meet recent shocks and natural disasters in an agile, prudent, and growth-supportive manner.
    • The continued reforms will increase resilience to future shocks and natural disasters. They need to combine with a multipronged approach to overcome supply-side constraints to growth in support of growth.

    Washington, DC: On June 12, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Jamaica and considered and endorsed the staff appraisal without a meeting. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Over the last decade, Jamaica has successfully reduced its public debt, firmly anchored inflation and inflation expectations, and strengthened its external position. It has built an enviable track record of investing in institutions and prioritizing macroeconomic stability. Jamaica has met recent global shocks and natural disasters in an agile, prudent, and growth-supportive manner. GDP declined in FY2024/25 due to hurricane Beryl and tropical storm Raphael which damaged agriculture and infrastructure and undermined tourism. Nonetheless, economic activity is projected to normalize as these effects wane. Unemployment has fallen to all-time low levels (3.7 percent in January 2025) and inflation has converged to the Bank of Jamaica (BOJ)’s target band of 4-6 percent. The current account has been in surplus for the last two fiscal years with strong tourism revenues and high remittances. The international reserves’ position has continued to improve.

    The outlook points to growth settling at its potential rate once the FY2025/26 recovery is complete, with inflation stabilizing within the BOJ’s target range. Nonetheless, global developments require continued close monitoring as downside risks emanating from tighter global financial conditions, lower growth in key source markets for tourism, and trade policy disruptions remain high. Finally, extreme weather events could negatively affect economic activity. The Jamaican authorities are implementing sound macroeconomic policies in the context of strong policy frameworks. A prudent fiscal stance supports a reduction in public debt towards the target in the Fiscal Responsibility Law. The Bank of Jamaica has anchored inflation around the mid-point of the inflation target band and inflation expectations have declined to close to the upper band of the BOJ’s target range. The lowering of the policy rate in 2024 was justified in view of the temporary nature of the weather-related shocks and the expected convergence of inflation to the BOJ’s target. The current fiscal-monetary policy mix places Jamaica in a good position to respond to the various downside global risks, should they realize.

    Executive Board Assessment

    “In concluding the 2025 Article IV consultation with Jamaica, Executive Directors endorsed staff’s appraisal, as follows:

    “Over more than a decade, Jamaica has been implementing sound macroeconomic policies supported by strong policy frameworks. These efforts have allowed Jamaica to accumulate meaningful policy buffers, reduce public debt, anchor inflation, and improve its external position.

    “Recent policy efforts have further strengthened fiscal responsibility, improved the effectiveness of public sector compensation, bolstered tax and customs administration, enhanced financial oversight, and built resilience to climate change including in the context of the recently completed PLL/RSF arrangements. These advances allowed agile, prudent, and growth-supportive responses to recent global shocks and natural disasters.

    “The economy, which declined in FY2024/25 due to the weather events, is rebounding this year and is projected to grow at its potential rate with risks broadly balanced. The recovery is supported by a rebound in agriculture and tourism and its spillovers to other sectors. Risks comprise extreme weather events posing downside risks for tourism and agriculture, trade policy shocks, and disruptions to tourism or the flow of remittances. Upside risks include a faster-than-expected recovery from recent weather events, favorable tourism trends, and favorable commodity price developments.

    “Maintaining primary fiscal surpluses to reach the FRL’s ceiling of 60 percent of GDP by FY2027/28 remains essential. However, fiscal policy could become too pro-cyclical in the face of severe shocks when the debt-to-GDP ratio reaches the FRL’s target. Incorporating an explicit operational medium-term debt anchor in the FRL at a level below 60 percent of GDP would help guide policies and ensure that debt is kept at moderate levels, creating fiscal buffers to respond to adverse events. The timeline for the eventual adoption of an operational debt anchor should be assessed in the context of heightened uncertainties, which could limit the country’s ability to meet a lower debt anchor in the medium-term.

    “The authorities continue to improve the fiscal policy framework. The IFC became operational in January 2025 and assessed the consistency of current fiscal plans with the FRL. The A-PEFA assessment was completed in June 2024, providing recommendations to enhance public financial management. Reforms of tax and customs administration are supporting revenue mobilization, and sound debt management continues. The wage bill reform eliminating distortions and improving the transparency and competitiveness of the public pay to help retain skilled employees was completed last FY.

    “Ongoing efforts to bolster the monetary and financial policy frameworks should continue. Staff supports the BOJ’s cautious data-dependent monetary policy, noting that there should be scope to lower the policy rate but the heightened global uncertainties call for a cautious approach. An inflation targeting regime with a strong international reserves’ position and stable FX markets have served Jamaica well. Going forward, there is scope to deepen FX markets by reducing surrender requirements and scaling back the BOJ’s FXI. Deepening capital markets, further de-dollarizing the economy, and boosting banking sector competition would improve resource allocation and help strengthen monetary transmission. The adoption of Basel III, the expansion of the BOJ supervisory remit, and unification of financial supervision under a twin-peaks regime are all going in the right direction. Jamaica exited FATF’s increased monitoring (grey list) in June 2024. Building on this achievement, the authorities continue to strengthen AML/CFT and are preparing for the fifth round of the Mutual Evaluation Process (expected by mid-2026).

    “A multipronged approach is required to overcome supply-side constraints to growth. Low productivity resulting from the misallocation of resources is amplified by structural impediments including high crime, barriers to competition, poor educational outcomes, inadequate infrastructure, and barriers to trade. The authorities are addressing these barriers through product and labor market reforms, education, infrastructure, trade, and climate-aware reforms including by completing reform measures under the RSF completed last September. These reforms have the potential to catalyze private sector financing for climate-related investment.”

    Table. Jamaica: Selected Economic Indicators
               
               

    Population (2023): 2.84 million

    Per capita GDP (2023): US$6,850

    		  

    Quota (current; millions SDRs/% of total): 382.9/0.08

    Literacy rate (2022)/Poverty rate (2021): 91.7%/16.7%

    Main products and exports: alumina, tourism, chemicals, mineral fuels, bauxite

    Unemployment rate (January 2025): 3.7%

    		  

    Key export markets: U.S., U.K., Canada

    		          

     

    2022/23

    2023/24

    2024/25

    2025/26

    Act.

    Act.

    Proj.

    Proj.

    Output

    		          

    Real GDP growth (%)

    		  

    4.7

    1.8

    -0.8

    2.2
               

    Employment

    		          

    Unemployment (%) 1/

    		  

    4.5

    4.2

    3.7

    …
               

    Prices

    		          

    Inflation, end of period (%)

    		  

    6.2

    5.6

    5.0

    5.0

    Inflation, average (%)

    		  

    9.5

    6.2

    5.1

    5.0
               

    Central government finances 2/

    		          

    Budgetary revenue (% of GDP)

    		  

    30.1

    30.6

    33.3

    31.7

    Budgetary expenditure (% of GDP)

    		  

    29.8

    30.5

    33.0

    31.7

    Budget balance (% of GDP)

    		  

    0.3

    0.0

    0.3

    0.0

    Of which: central government primary balance

    		  

    5.8

    5.7

    5.9

    5.2

    Public entities balance (% of GDP)

    		  

    1.4

    2.3

    1.7

    0.0

    Public sector balance (% of GDP)

    		  

    1.7

    2.3

    2.0

    0.0

    Public debt (% of GDP)

    		  

    77.0

    73.4

    69.2

    64.9
               

    Money and credit

    		          

    Broad money (% change)

    		  

    9.8

    9.1

    6.2

    9.1

    Credit to the private sector (% change)

    		  

    10.5

    9.4

    6.1

    9.4

    Treasury bill rate, end-of-period (%)

    		  

    8.3

    8.1

    5.7

    …

    Treasury bill rate, average (%)

    		  

    8.2

    8.1

    7.1

    …
               

    Balance of payments

    		          

    Current account (% of GDP)

    		  

    1.9

    3.1

    2.6

    1.3

    FDI, net (% of GDP)

    		  

    1.9

    1.5

    1.0

    1.3

    Gross international reserves (months of imports)

    		  

    5.6

    6.4

    7.2

    6.8

    External debt (% of GDP)

    		  

    78.8

    69.6

    62.6

    58.5
               

    Exchange rate

    		          

    End-of-period REER (appreciation +)

    5.4

    -0.7

    …

    …

    Sources: Jamaican authorities; UNDP Human Development Report; Information Notice System; and Fund staff estimates and projections.

    1/ As of April. In FY2024/25 January 2025.

    2/ Fiscal year: April 1 to March 31. Government finances according to the authorities’ definitions.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Jamaica page.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Brian Walker

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/pr25219-jamaica-imf-executive-board-concludes-2025-article-iv-consultation-with-jamaica

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  • MIL-OSI Russia: Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 25, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC: Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital and creating favorable investment conditions for job creation.  

    Djibouti’s economic resilience and contribution to regional stability 

    Djibouti helps maintain regional stability by supporting maritime security and facilitating humanitarian responses during crises. Djibouti’s GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy. However, declining government revenues and increasing debt service have placed considerable strain on public finances, leading to unsustainable levels of public debt and diminishing reserves. Growth has not created enough jobs in the formal sector, while fiscal space to finance development needs is limited.

    The authorities are leveraging Djibouti’s growth resilience to advance fiscal consolidation and rebuild reserves. Growth is expected to have exceeded 6.5 percent in 2024 due to increased transshipments amid Red Sea tensions, while moderate international food and energy prices kept inflation in check. The government deficit was reduced from 3.5 percent of GDP in 2023 to 2.6 percent in 2024 following a brief period of fiscal overruns and deficit monetization, and reserves have begun to recover partially offsetting the decline observed since late 2023, though they remain below the monetary base. 

    The outlook is positive but subject to risks in an uncertain global context. Growth is projected to remain dynamic at around 6 percent this year and to continue over the medium term, albeit at a slower pace. Ethiopia’s robust economy is expected to boost Djibouti’s port activities; however, fiscal consolidation and the phasing out of large-scale investments may temper growth. Key risks include regional conflicts potentially increasing migration and affecting social stability amid a constrained fiscal space, and trade policy shifts that could depreciate the dollar and Djibouti franc, enhancing service exports but also raising inflation. Nonetheless, it is worth noting that Djibouti has successfully navigated several shocks over the past few years, including COVID-19, the 2022 Tigray crisis, the Ukraine war, and the 2024 Red Sea maritime disruptions.

    Leveraging resilience for fiscal sustainability and rebuilding reserves  

    In the face of high global and regional uncertainty, Djibouti needs to quickly strengthen its economic resilience by restoring debt sustainability, safeguarding the currency board, and fostering inclusive growth. To this end, the authorities intend to strengthen fiscal consolidation and enhance financial transparency and governance of state-owned enterprises (SOEs) to unlock sustainable and meaningful dividend contributions to the national budget, restore reserves, and encourage private sector growth while protecting vulnerable populations.  

    Durable fiscal consolidation is essential for restoring debt sustainability. The substantial fiscal adjustment frontloaded in the 2025 budget and the balanced budget target for 2026 onward are welcome steps. To sustain progress, it is essential that all governmental entities endorse annual fiscal targets that align with a medium-term fiscal consolidation strategy. Success depends on robust expenditure management via the diligent operationalization of the recently approved Public Financial Management Reform Strategy and Action Plan 2024–27. Furthermore, a comprehensive fiscal roadmap should continue to broaden the tax base by enhancing VAT and capital income taxation, rationalizing tax exemptions included in the investment code and the Free Zones regime, and finalizing the digitization of tax agencies. The effective establishment of the tax policy unit remains a priority for accurately assessing tax bases and enhancing tax reform efficiency. Operationalizing the recently created large taxpayer office will also bolster compliance and revenue collection.

    As Djibouti negotiates new terms for debt liabilities with creditors, well-managed and profitable SOEs can significantly aid national fiscal consolidation and restore reserves at the Central Bank of Djibouti (CBD), particularly following the dissolution of the Sovereign Wealth Fund (SWF). Building on ongoing efforts to improve SOE transparency and governance, it will be critical for the Executive Secretariat in charge of the State Portfolio (SEPE) to collect all SOEs’ financial statements and monitor their performance. Swiftly implementing the Code of Good Governance is also essential for establishing a more transparent dividend policy tied to SOE performance, thereby mobilizing dividends more consistently and meaningfully for the budget, improving SOE efficiency and services, and appropriately right-size them. Additionally, fiscal transparency can be strengthened by discontinuing financial settlement practices for clearing government arrears with SOEs, and by improving coordination among the Ministry of Budget, line ministries, and SEPE for more effective budget risk management.

    Alongside fiscal consolidation, completing ongoing debt negotiations and addressing outstanding arrears with external partners are critical for debt sustainability. Equally important is implementing binding limits on borrowing for the central government, SOEs, including their participation in public-private partnerships, and ensuring these are enforced by the Public Sector Debt Committee. 

    The mission is encouraged by the recent recovery in reserves and urges continued progress. To strengthen the currency board, the authorities plan to amend the CBD law to enhance its autonomy, which will help sustain reserves, exchange rate, and inflation stability. They also plan to introduce reserve requirements as a prudential tool, with implementation expected to follow a phased approach. Additionally, under MENAFATF’s enhanced monitoring, Djibouti is reforming its AML/CFT framework, improving the business climate, and enhancing oversight of the banking sector due to its significant offshore component and rising government exposure. To facilitate policy making, the authorities are leveraging technical assistance provided by the IMF to enhance their coverage and quality of statistics relevant to surveillance, with a focus on national accounts, the fiscal and external sectors.

    Advancing inclusivity through private sector development and employment creation  

    The government aims to foster economic growth and social equity. They aim to improve the existing targeting of the current fuel subsidy scheme. In order to create a more effective and equitable social protection system and reduce budget exposure to international energy prices, the authorities should gradually replace the current subsidy system with the strengthening of targeted cash transfers to the most vulnerable households, relying on the national social register. To attract investments and create jobs, they are enhancing access to education and job training under the 2021–35 education master plan. They aim to diversify the economy in sectors such as logistics and connectivity, tourism, agribusiness, and fisheries. To enable economic diversification, it is essential to develop a comprehensive roadmap with specific actions aimed at enhancing access to finance, streamlining administrative procedures, and expanding reliable and affordable internet services and electricity, including through increased bill collection, technical efficiency, and the adoption of cost-efficient renewable energy. These initiatives will enhance Djibouti’s business environment, which is already supported by a stable macroeconomic climate, a currency board, ports infrastructure, and connectivity to Ethiopia’s large market, all aligning with the objectives of Djibouti Vision 2035.

     “The mission team expresses deep appreciation to the Djiboutian authorities and other counterparts for their warm hospitality, excellent cooperation and candid discussions, and looks forward to continuing close engagement.” 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/djibouti-staff-concluding-statement-of-the-2025-article-iv-mission

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  • MIL-OSI Russia: Chinese Premier Attends Symposium with Industry and Business Representatives as Part of Summer Davos 2025

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TIANJIN, June 25 (Xinhua) — Chinese Premier Li Qiang attended a symposium with industry and business leaders at the 16th annual meeting of emerging global leaders of the World Economic Forum, also known as “Summer Davos,” in north China’s Tianjin Municipality.

    After listening to the speeches, Li Qiang noted that the current international situation is undergoing profound and complex changes, creating serious challenges for the economic development of all countries.

    The symposium was attended by about 160 business representatives from more than 30 countries and regions.

    As the head of the Chinese government stated, the Chinese economy maintains the dynamics of stable growth, which is due not only to steadily improving basic indicators and active macroeconomic policy, but also to increased attention to the use of the potential of the market and enterprises. Companies with foreign capital also make an important contribution to this, Li Qiang added.

    China, the Premier of the State Council continued, offers broad opportunities for the development of enterprises with foreign capital.

    Li Qiang pointed out that in a chaotic and unstable world, it is necessary to act in accordance with the trends of the times, actively and effectively confront various challenges and uncertainties, and create a favorable environment for the development of enterprises.

    Against the backdrop of the profound restructuring of the global industrial chain architecture, the quality and efficiency of the industrial complex are particularly important, the Premier of the State Council noted. He added that China has strong industrial complex potential, and its industrial and supply chains are constantly being optimized.

    Stressing the importance of the speed of industrial adoption of new technologies and the capacity for incremental technological upgrading, Li Qiang pointed to China’s large initial user base of various products and services, which facilitates effective interaction between scientific and technological innovation and industrial innovation.

    The Premier stressed that there is ample space and great opportunities for foreign enterprises to participate in scientific and technological cooperation and joint innovation in China.

    Noting that a stable environment for business development is of utmost importance, Li Qiang said that China’s economy has demonstrated stability that can withstand external shocks and maintain its own momentum. This stability, he added, is also reflected in China’s unwavering commitment to opening up, allowing multinational enterprises to achieve greater success and make greater progress in China.

    The Premier expressed the hope that enterprises from various countries will supply more high-quality products and services to the Chinese market, strengthen scientific, technological and industrial cooperation with Chinese companies, more effectively match supply and demand for mutual benefit and win-win results, and jointly promote technological progress and enhance industrial competitiveness.

    The Chinese side will, as before, encourage foreign enterprises to invest in China and establish business here, the head of the Chinese government assured.

    The symposium participants stressed that they remain confident in China’s economic prospects and open cooperation. They expressed their willingness to increase investment in scientific and technological innovation and ensure the smooth operation of industrial and supply chains, thereby achieving greater progress for enterprises in integrating into China’s high-quality development. –0–

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  • MIL-OSI Russia: The meeting of the chairman and vice-chairmen of the NPC Standing Committee considered draft amendments and resolutions

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 (Xinhua) — The 46th meeting of the chairman and vice-chairmen of the Standing Committee of the 14th National People’s Congress (NPC) of China was held at the Great Hall of the People on Wednesday to discuss draft amendments to the Law on Punishment for Disrupting Public Order and the Law on Combating Unfair Competition, as well as a draft decision on ratifying the Convention Establishing the International Mediation Organization.

    In addition, a draft resolution on the approval of the financial report on the execution of the central government budget for 2024 was considered.

    At the meeting, chaired by NPC Standing Committee Chairman Zhao Leji, it was decided to submit the above-mentioned documents for consideration at the ongoing 16th session of the 14th NPC Standing Committee.

    In addition, the meeting heard reports on the powers of individual deputies and on personnel changes. –0–

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  • MIL-OSI Russia: Promoting the establishment of the International Day of Dialogue Among Civilizations has become China’s important contribution to promoting peace and development around the world – Chinese Ambassador to Belarus Zhang Wenchuan

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    MINSK, June 25 (Xinhua) — Promoting the establishment of the International Day of Dialogue Among Civilizations has become a successful practical step by China in implementing the Global Civilization Initiative put forward by Chinese President Xi Jinping, as well as an important contribution to stimulating exchanges and dialogue among civilizations and promoting peace and development throughout the world, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Belarus Zhang Wenchuan said in an article published in the Belarusian newspaper Zvyazda.

    The ambassador recalled that in June 2024, the 78th session of the UN General Assembly unanimously adopted a resolution proposed by China jointly with more than 80 countries to establish June 10 as the International Day of Dialogue among Civilizations.

    “Over the year, China has worked with various parties to actively implement the spirit of the General Assembly resolution on the establishment of the International Day of Dialogue among Civilizations. China has made efforts to build platforms for dialogue among civilizations, from the SCO Dialogue of Civilizations in 2024 to the BRICS Dialogue of Civilizations, from the China-Latin America and the Caribbean Dialogue of Civilizations in 2024 to the 4th China-Africa Dialogue of Civilizations. China has always been the driving force for exchanges and mutual learning among civilizations,” Zhang Wenchuan said.

    He noted that, in general, the Global Civilization Initiative has already found a broad response throughout the world. As the ambassador pointed out, this happened because, firstly, it calls for replacing coercion and pressure with dialogue and consultations. The initiative rejects the approach to inter-civilization interaction as a confrontation between “us” and “them,” emphasizing the need to create regular and specialized mechanisms for global dialogue between civilizations.

    “Secondly, it calls for replacing the zero-sum game with win-win cooperation. Sustainable development of the world is not the exclusive prosperity of a handful of countries or the dominance of one civilization, but the lush flowering of the entire garden of world civilizations. The initiative emphasizes the need to overcome differences in ideologies and social systems, adheres to the concept of a community with a shared destiny for mankind, and, guided by the principles of common benefit and win-win, promotes harmonious interaction and common prosperity of various civilizations,” the Chinese diplomat noted.

    Third, according to Zhang Wenchuan, the Global Civilization Initiative calls for replacing insularity and exclusivity with openness and inclusiveness. “The Global Civilization Initiative advocates that, based on respect for the diversity of civilizations, we properly address the differences among ourselves, learn from each other’s strengths to fill our own gaps, and adopt the best through exchange and mutual learning to achieve positive interactions among civilizations,” the ambassador added. –0–

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