International Monetary Fund (IMF)

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Christine Lagarde remains head of IMF for another five years

Christine Lagarde remains head of IMF for another five years

Christine Lagarde has become Managing Director of the IMF once again. She will hold this position during the next five years, starting from July 5th, the press service of the Fund reports. In an interview with reporters Lagarde …

IMF notes positive sides of devaluation of manat

IMF notes positive sides of devaluation of manat

An IMF delegation led by the head of the mission on Azerbaijan, Muhammad el Gorchi, issued a statement summarizing the results of its visit to Baku, held from January 28th to February 3rd. The document notes that …

IMF and World Bank delegation arrives in Baku

IMF and World Bank delegation arrives in Baku

A delegation consisting of International Monetary Fund and World Bank members has arrived in Baku to discuss a possible aid package for Azerbaijan. The delegation will stay in Baku till February 4. The issue concerns an emergency loans’ package worth $4 billion, Trend reports with reference to the Financial Times newspaper.

Christine Lagarde: global economy to grow by 3.4%

Christine Lagarde: global economy to grow by 3.4%

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said at the World Economic Forum in Davos that the world economy would grow by 3.4% in 2016. "We believe that the global …

Oil price continues to fall

Oil price continues to fall

Today the world oil prices dropped again.  As of 08:29 the crude oil futures of WTI dropped 2.32%, reaching $28.88. The price of a barrel of Brent crude decreased in price by 1.91% to $28.27 per barrel. The International …

Verkhovna Rada adopts state budget for 2016

Verkhovna Rada adopts state budget for 2016

The Verkhovna Rada has adopted the state budget for 2016 with a deficit of 3.7% of GDP, which meets the requirements of the International Monetary Fund (IMF). 263 parliamentarians voted in favor of the budget. The parliament needed …

Russia becomes one of top ten shareholders of the IMF

Russia becomes one of top ten shareholders of the IMF

According to a press release issued today by the press service of the IMF, Russia and three of its partners in the BRICS – Brazil, India and China – have entered the top ten member countries of the International Monetary Fund (IMF) …

Has Ukraine doomed itself to default?

Has Ukraine doomed itself to default?

Ukrainian Prime Minister Arseniy Yatsenyuk said that the government has imposed moratorium on payment of the debt to Russia, the deadline of which will expire on 20 December. "Due to the fact that Russia has …

IMF notes Georgia’s economic slowdown

IMF notes Georgia’s economic slowdown

The IMF representative in Georgia, Azim Sadikov, presenting a new report of the foundation, has spoken about the impact of political developments on the economic development of the ...

Russia demands Ukraine pay its bills

Russia demands Ukraine pay its bills

The Russian Finance Minister, Anton Siluanov, said today that Moscow and Kiev were unable to reach an agreement on the issue of restructuring the Ukrainian debt, and then Ukraine must still pay the current debt of 3 billion …