The global economy has weathered the energy shock caused by shipping disruptions in the Strait of Hormuz better than feared, though the crisis is not yet over, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said.
Restoring normal oil supply volumes from the Middle East will take two to three months even if shipping through the Strait of Hormuz is fully restored, according to a new analytical note published on the International Monetary Fund's (IMF) blog.
The Iraqi leadership expects to receive support from the IMF in light of the current circumstances in the Middle East. The most recent agreement between Iraq and the IMF concluded in the summer of 2019.
The conflict in the Middle East could lead to an increase in transit traffic along the Middle Corridor, according to the International Monetary Fund.
The International Energy Agency (IEA), International Monetary Fund (IMF) and World Bank said they will establish a coordination group to maximize their response to the energy and economic fallout from the war in the Middle East.
Georgia has decided to incorporate the yuan into its international reserves, with approximately 5% of the National Bank's reserves to be denominated in the Chinese currency.
The International Monetary Fund forecasts that Azerbaijan’s non-oil economy will grow by around 4% in 2026.
The International Monetary Fund (IMF) has approved credit support of over $175 million for Armenia, with disbursements scheduled over a three-year period.
The previous forecast was 0.3%
The Georgian authorities have set an ambitious goal for attracting investments. By 2028, they aim to reach the 9 billion euro mark.
President of Azerbaijan Ilham Aliyev met with Managing Director of the International Monetary Fund Kristalina Georgieva at COP29 in Baku. The …
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 …
At the beginning of this month, the figure was below 50% for the first time in a long time
The International Monetary Fund said an escalation of the conflict in the Middle East could have significant economic ramifications for the …
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.
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 …
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
The parties discussed bilateral cooperation and partnership between Baku and financial institution
The leadership of the National Bank of Georgia met with the representative of the IMF
After the termination of the grain deal, the cost of food will naturally increase. This forecast was given by the International Monetary Fund (IMF).
