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JVI Newsletter ▪ December 2025

Friends of the JVI, Season’s Greetings! Let me begin by wishing you all the best for the holidays, and a happy, healthy and prosperous new year.  At this time, it’s natural to look back on the year that has passed—one of great change and innovation here at the JVI—and also to think about new year’s resolutions for 2026. In this spirit, why not seize the moment, and explore the great training opportunities available in the JVI 2026 Course Schedule, especially for courses where deadline applications are approaching fast.  One real opportunity not to be missed is the Applied Economic Policy Course—our flagship course—which covers the most critical aspects of macroeconomic policy analysis and decision-making, financial sector and structural issues, as well as interpersonal and presentation skills. In this newsletter I am happy to report on the JVI’s 2025 Annual Lecture given by Governor Kocher of the Oesterreichische Nationalbank, as well as on recent workshops, courses, and clinics covering: Beneficial Ownership, Big Data, State Owned Enterprises and Fiscal Risks, and Artificial Intelligence in Revenue Mobilization. With 2025 being a year of changes, we again have departing and new staff.  As always if you have any questions, comments, or feedback, please contact us at jvi@jvi.org. Many thanks to Rilind Kabashi, our Editor, as well as Maša Valenko, Assistant Editor, and all the contributors to this edition of the Newsletter. Let me close by hoping that you all have the chance to spend time with family and friends in the days ahead, and to recharge your batteries before another busy year begins. I am looking forward to meeting you next year here in Vienna. Ben Kelmanson Director, Joint Vienna Institute

COURSE NEWS   State-Owned Enterprises: Performance, Oversight and Fiscal Risks — Exploring Best Practice State-owned enterprises (SOEs) are integral to many countries’ economies, providing essential public services in sectors such as electricity, water, gas, and transportation. Reflecting the legacy of state-run economies, many countries in the JVI region maintain a particularly... Read more  >>>   Big Data for Macroeconomic Statistics: A Hands-on Learning Experience The JVI hosted the Big Data for Macroeconomic Statistics Workshop from October 27–31, 2025, in collaboration with the IMF’s Big Data Center and the Innovation Unit of the IMF’s Statistics Department. The course brought together 28 officials from 18 countries, representing... Read more  >>>   AI Applications for Revenue Mobilization—Learning From and With Peers On November 3-5, 2025, the JVI, in cooperation with the IMF’s Fiscal Affairs Department, organized a peer-to-peer workshop on the use of artificial intelligence (AI) for revenue mobilization. The event brought together 27 senior officials from revenue authorities and ministries... Read more  >>>   Pilot Clinic on Advancing Transparency in Beneficial Ownership The Joint Vienna Institute (JVI) hosted a week-long Beneficial Ownership Legal Drafting and Effectiveness Clinic from November 10–14, 2025, bringing together 27 officials from 13 countries across Europe, the Balkans, Caucasus and Central Asia. Led by IMF Senior Counsel Kathleen... Read more  >>> STAFF NEWS   New Staff Member: Nodira Rasulova Nodira joined JVI as a Front Desk/Program Officer in November 2025. She began her career as an intern at the Ministry of Foreign Affairs of Uzbekistan, supporting diplomatic and administrative functions. Since 2016, she has been based in the Czech Republic, working in customer... Read more  >>>   Moving on: Interview with Tibor Hlédik, Lead Economist at the JVI Tibor Hlédik has been with the JVI since 2017. On the occasion of his departure, we asked him to share his experience and views on the JVI, it  challenges and achievements, and on his role in this process.  Tibor, can you give an overview of your role and key... Read more  >>>   LAST CHANCE TO APPLY Financial Sector Surveillance Macroeconometric Forecasting and Analysis Monetary Policy National Accounts Statistics - Advanced Banking Supervision within the Basel Framework Managing Fiscal Risks – A Hands-On Approach Green Finance – Focus on Monetary Policy and Financial Regulation Applied Economic Policy - Blended Fiscal Frameworks Public Governance and Structural Reforms COURSE SCHEDULE 2026 RECENT EVENTS JVI Annual Lecture: Tariffs, tensions and deals: global trade lost in transition? Watch JVI Annual Lectures 2025 Year-End Review

The Joint Vienna Institute is a regional training center, primarily for public sector officials from countries in Central, Eastern and Southeastern Europe, the Caucasus and Central Asia. It was established in 1992 by the Austrian Authorities (represented by the Federal Ministry of Finance and the Oesterreichische Nationalbank), the International Monetary Fund, and several other international organizations. Read more >>> Should you no longer wish to receive our newsletter, please unsubscribe.