International Monetary Fund (IMF)

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Letter bomb at IMF's Paris office injures female employee

Letter bomb at IMF's Paris office injures female employee

A female employee of the International Monetary Fund was injured today when a letter bomb posted to the world lender's Paris office blew up as she opened it, Reuters reports. The explosion was caused by a homemade device, the head …

IMF draws attention to developing Islamic Banking

IMF draws attention to developing Islamic Banking

Islamic Banking has a presence in 60 countries. The industry mushroomed to more than $1.5 trillion in assets last year from about $100 billion in the late 1990s. While it represents less than 2% of global banking assets, its share is …

IMF: inequalities trigger economic crisis

IMF: inequalities trigger economic crisis

The middle class is gradually growing at a global level, but it is in crisis in developed countries, the managing director of the International Monetary Fund (IMF), Christine Lagarde, said at the World …

IMF: Russia has to raise retirement age

IMF: Russia has to raise retirement age

Russia should raise the retirement age in order to maintain adequate pensions, first deputy managing director of the International Monetary Fund (IMF) David Lipton advised.  According to him, private pension …

Erdogan: Turkey does not need loans from IMF

Erdogan: Turkey does not need loans from IMF

The development of the region depends on Turkey's achievements, President Recep Tayyip Erdogan said. According to the Turkish leader, Ankara is responsible for the development of the …

IMF advises Turkmenistan to adjust economic policy

IMF advises Turkmenistan to adjust economic policy

The International Monetary Fund (IMF) issued a press release, which notes that the expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan. "Priority areas …

 IMF improves Russia's economy outlook

IMF improves Russia's economy outlook

Russia's gross domestic product is now seen falling 0.8% in 2016 before growing 1.1% in 2017, the IMF said. In the previous semi-annual report in April, the Fund had predicted GDP would shrink by 1.8% this year and grow by 0.8% next year. …

IMF improves inflation outlook in Azerbaijan

IMF improves inflation outlook in Azerbaijan

The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2 and 8.5 percent, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at …

Is Georgia's economy on the rise?

Is Georgia's economy on the rise?

The National Bank of Georgia increased its forecast for GDP growth in the country in 2016 from 3% to 3.5%, the President of the National Bank, Koba Gvenetadze, said at today's briefing. "The difficulties in …

Christine Lagarde: IMF closely monitors situation in Turkey

Christine Lagarde: IMF closely monitors situation in Turkey

IMF Managing Director Christine Lagarde said quick action by Turkey’s central bank and other agencies has helped calm financial markets after an attempt by members of the military to unseat President Recep Tayyip …

IMF improves outlook on Russia's economy

IMF improves outlook on Russia's economy

The International Monetary Fund (IMF) has improved the outlook for the Russian economy. In April 2016, the IMF said that Russia’s economy could decline by an additional 1.8% this year, in May it improved its outlook on Russia’s GDP …

 IMF expects price of $75 per barrel in 2020

IMF expects price of $75 per barrel in 2020

Oil prices in 2020 may rise to $75 per barrel, the International Monetary Fund (IMF) said. According to one of the models of the IMF, it is possible if OPEC reduces supplies by 7 million barrels per day. "If OPEC cut supplies by 7 million …