International Monetary Fund (IMF)

Georgia predicted to have serious economic growth

Georgia predicted to have serious economic growth

The International Monetary Fund has upgraded its economic growth forecast for Georgia to a 7.6% for 2024, surpassing the rates of European countries and the country's regional neighbours, the Georgian Economy Ministry said. In its …

IMF: some countries reevaluating reliance on dollar

IMF: some countries reevaluating reliance on dollar

Some countries are working on reducing their reliance on the dollar, First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath at the Stanford Institute for Economic Policy Research.

IMF: Iran's economy growing

IMF: Iran's economy growing

The International Monetary Fund (IMF) has announced that Iran’s economy grew by 5.4% in 2023. In its latest quarterly report the IMF put …

IMF warns of risks to global financial stability

IMF warns of risks to global financial stability

The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest …

IMF chief expects turning point in global economy

IMF chief expects turning point in global economy

IMF Managing Director Kristalina Georgieva, addressing an Arab Fiscal Forum in Dubai, said global growth remains weak, but it may be at a turning point. "After expanding by 3.4% last year, we see growth slowing to 2.9% in 2023 and …

IMF: oil price to fall by 16% to $81 a barrel in 2023

IMF: oil price to fall by 16% to $81 a barrel in 2023

The International Monetary Fund (IMF) forecasts price of a barrel of oil will go down this year by 16.2%, to $81.13, according to the IMF’s World Economic Outlook update. "In 2023, oil prices are projected to fall by about …

IMF improves Russia's GDP forecast

IMF improves Russia's GDP forecast

The International Monetary Fund (IMF) has revised upwards the estimates of Russia's economic development and forecasts the country's GDP to grow by 0.3% in the current year and by 2.1% in 2024, according to the IMF’s World Economic …

IMF urges to increase U.S. debt ceiling

IMF urges to increase U.S. debt ceiling

Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson said on Friday, urging involved parties to work to resolve the standoff. …

IMF expects global inflation to slow down

IMF expects global inflation to slow down

At the World Economic Forum in Davos, Gita Gopinath, deputy managing director of the IMF, signalled that the fund would upgrade its economic forecasts. Instead of predicting a “tougher” 2023, she now expected an …

IMF approves $3bn support package for Egypt

IMF approves $3bn support package for Egypt

The International Monetary Fund has approved a deal that will provide a $3bn support package to cash-strapped Egypt over almost four years, with the agreement expected to draw in an additional $14bn in financing for the country. According to …

IMF changes growth forecast for Georgian economy

IMF changes growth forecast for Georgian economy

The International Monetary Fund predicts GDP growth in Georgia in 2022 at 10%, which is 1 percentage point higher than the previous forecast. In September, the IMF predicted that the Georgian economy would grow to 9%, and the inflation …

How Central Asia solves problem of sovereign debt

How Central Asia solves problem of sovereign debt

In the 1990s, almost all the former Soviet republics were forced to take loans from international development institutions such as the World Bank and the International Monetary Fund (IMF). Some issued sovereign debt, such as government bonds. …

IMF: 141 mln people across Arab world exposed to food insecurity

IMF: 141 mln people across Arab world exposed to food insecurity

The managing director of the International Monetary Fund, Kristalina Georgieva, said that 48 countries are exposed to the global food crisis, and half of them are vulnerable. Georgieva, speaking at a conference in Riyadh, also said that …