International Monetary Fund (IMF)

IMF: Ukraine economy to contract sharply in 2022

IMF: Ukraine economy to contract sharply in 2022

Ukraine's economy is expected to contract by 10% in 2022, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday. The report, prepared ahead of …

IMF: Russian default no longer improbable

IMF: Russian default no longer improbable

The International Monetary Fund joined a growing chorus that’s warning of a risk that Russia will default on its debt obligations as the nation suffers a deep recession caused by sanctions. A Russian default is no longer “an …

IMF Executive Director for Azerbaijan visits Aghdam (PHOTO)

IMF Executive Director for Azerbaijan visits Aghdam (PHOTO)

Executive Director of the International Monetary Fund for Azerbaijan Piotr Trabinski visited Aghdam, Emin Huseynov, special representative of the President of Azerbaijan in the liberated territories (except for Shusha) included in the Karabakh …

IMF changes oil prices forecast for 2022

IMF changes oil prices forecast for 2022

The International Monetary Fund (IMF) noted that the average oil price in 2022 is expected to increase by 11.9% compared to 2021 to $77.31 per barrel. At the same time, next year, oil prices will decrease by 7.8% to $71.29 per barrel, …

IMF lowers forecast for Russian GDP growth in 2022

IMF lowers forecast for Russian GDP growth in 2022

The International Monetary Fund (IMF) revised upward the outlook for Russia’s GDP growth in 2023 from 2% to 2.1%, IMF said in its report released on Tuesday. At the same time, IMF lowered the forecast for Russian GDP growth in …

IMF: Global growth is not expected

IMF: Global growth is not expected

Persistent supply chain disruptions and inflation pressures are constraining the global economy's recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major industrial powers

Russia to get $18 bln of IMF reserves in SDR allocation

Russia to get $18 bln of IMF reserves in SDR allocation

Russia will receive about $18 billion worth of reserves from the International Monetary Fund (IMF) on Monday which will help ease an acute economic situation in the country, RBC reported. The IMF will distribute about $650 billion in …

IMF suspends Afghanistan's access to funds

IMF suspends Afghanistan's access to funds

The International Monetary Fund (IMF) has said Afghanistan will no longer be able to access the lender's resources. The move follows the Taliban's takeover of the country last weekend. An IMF spokesperson said it was …

IMF: Russian economy recovering quicker than expected

IMF: Russian economy recovering quicker than expected

The Russian economy is recovering from the consequences of the COVID-19 pandemic at a quicker pace than expected, IMF Chief Economist Gita Gopinath said at a special briefing on Tuesday. "In the case of Russia, we have seen faster …

IMF comments on Putin-Biden meeting

IMF comments on Putin-Biden meeting

IMF Managing Director Kristalina Georgieva said more cooperation between Russia and the United States could help with current significant global challenges, commenting on the upcoming meeting between U.S. President Joe Biden and Russian …

IMF: global economy recovering from pandemic

IMF: global economy recovering from pandemic

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the COVID-19 crisis, but warned that a spike in interest rates could be especially painful for emerging …