Georgia to attract 9 billion euros in investments within a few years
The Georgian authorities have set an ambitious goal for attracting investments. By 2028, they aim to reach the 9 billion euro mark.
International Monetary Fund (IMF)
Ilham Aliyev meets with IMF Managing Director at COP29
President of Azerbaijan Ilham Aliyev met with Managing Director of the International Monetary Fund Kristalina Georgieva at COP29 in Baku. The …
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 …
Inflation slowdown to 43% expected in Türkiye
At the beginning of this month, the figure was below 50% for the first time in a long time
IMF: Middle East conflict poses economic risks
The International Monetary Fund said an escalation of the conflict in the Middle East could have significant economic ramifications for the …
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
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 revises upward outlook for Russian GDP
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 …
Azerbaijan, IMF discuss bilateral cooperation
The parties discussed bilateral cooperation and partnership between Baku and financial institution
National Bank of Georgia updates IMF on ongoing reforms
The leadership of the National Bank of Georgia met with the representative of the IMF
IMF: Black Sea deal's end to make grain "gold"
After the termination of the grain deal, the cost of food will naturally increase. This forecast was given by the International Monetary Fund (IMF).
Biden tried to buy Erdogan for $13 bln
The US President promised the Turkish leader $13 bln in return for Sweden's NATO membership
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 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
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
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
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
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
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
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 …
