International Monetary Fund (IMF)

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Plan for mine-sweeping accomplished in Chechnya and Ingushetia

The plan for mine-sweeping in Chechnya and Ingushetia has resulted in over 2,000 hectares of agricultural lands cleared of explosive devices, Yuga.ru reports.Specialists of the Southern Military District used Tropa mine-sweeping explosives, …

Georgia's foreign debt totals about $4.5 billion

Georgia's foreign debt totals about $4.5 billion

Georgian Minister for Finances Nodar Khaduri said that the government had paid off bonds worth $60 million this year and reduced its foreign debt to about $4.5 billion, Trend reports.About 600 million lari ($1 = 1.66 lari) will be paid to the …

B. Joshi: Russia needs a new model of growth

B. Joshi: Russia needs a new model of growth

Head of the Permanent Mission of the International Monetary Fund in Russia Bicash Joshi spoke about the prospects for the world economy and how they will affect Russia .

Russia needs new model for economic growth – IMF

Russia needs new model for economic growth – IMF

Bikas Joshi of the International Monetary Fund (IMF) said yesterday that the organization was predicting an economic growth of 1.5% in Russia in 2013 and 3% in 2014. The forecasts reflect the slow growth in the first half of 2013.The official pointed out poor investment activity in processing and construction industry.World financial markets and reserves had a positive effect on Russia.

Armenia increases state debt

The Armenian state debt totaled 75% of the GDP in 2012 and will total 76.5% of the GDP in 2013. The IMF sets the risk line of 40-60% for state debt, Armenianreport reports.

IMF believes in investment in Caucasus

The International Monetary Fund (IMF) believes that investment in the countries of the Caucasus and Central Asia should be encouraged. A corresponding statement was made by the IMF today

IMF managing director thanks Azerbaijan

 IMF Managing Director Christina Lagarde has thanked Azerbaijan for organizing the annual conference of the IMF Parliamentary Network and the WB, 1news.az reports.She noted that the IMF was having such meetings regularly to improve inter-parliamentary cooperation and contribute to solution of global economic problems.