International Monetary Fund (IMF)

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 IMF approves $5.34 billion stand-by arrangement for Iraq

IMF approves $5.34 billion stand-by arrangement for Iraq

The Executive Board of the International Monetary Fund (IMF) today approved a three-year Stand-By Arrangement (SBA) for Iraq for $5.34 billion to support the government’s economic reform program, the IMF said. The Board’s …

IMF expects Russian economy to continue to "shrink"

IMF expects Russian economy to continue to "shrink"

In 2016, Russian economy will continue to "shrink", but not as much as in 2015. The director of the International Monetary Fund (IMF) Christine Lagarde expressed this opinion today. "Perhaps it's good news for Russian …

IMF reviews price stability in Azerbaijan

IMF reviews price stability in Azerbaijan

An International Monetary Fund (IMF) team, which visited Baku from May 19 to June 1 to hold discussions in the context of the 2016 Article IV Consultation, made the statement on Azerbaijan's economic growth. According to report, the …

 IMF welcomes restructuring of Azerbaijani bank sector

IMF welcomes restructuring of Azerbaijani bank sector

The IMF mission welcomes the preparation of the bank restructuring plan and urges its prompt implementation. The plan which should address the high level of nonperforming loans and lead to an increase of the capital of the weak banks, …

IMF backs governmental reforms in Azerbaijan

IMF backs governmental reforms in Azerbaijan

Azerbaijani Minister of Economy Shahin Mustafayev received the head of the International Monetary Fund (IMF) in Azerbaijan, Mohammed el Gorchi. The Ministry of Economy said that the subject of …

Lagarde: world economy suffering legacy of 2008 crisis

Lagarde: world economy suffering legacy of 2008 crisis

The IMF Managing Director Christine Lagarde commented on the current situation in the world economy on the sidelines of the G7 Ise-Shima Summit. According to her,  the world is "no longer in a 2008 moment." …

 Nazarbayev and Lagarde discuss cooperation issues

Nazarbayev and Lagarde discuss cooperation issues

Kazakh President Nursultan Nazarbayev and International Monetary Fund Managing Director Christine Lagarde, who arrived in Astana on official visit, discussed the cooperation issues and situation in global …

IMF calls for plan of action on Iran’s economy

IMF calls for plan of action on Iran’s economy

David Lipton, first deputy managing director of the International Monetary Fund (IMF), has called for a plan of action aimed at reforming Iran's economy, Trend reports. "I suggest that while Iran will gain from …

 IMF deputy head holds talks in Iran

IMF deputy head holds talks in Iran

The International Monetary Fund's first deputy managing director, David Lipton, addressing the press conference in Tehran, advised to fix its own banking system, improve the management system …

IMF delegation arrives in Tehran

IMF delegation arrives in Tehran

First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton at the head of a delegation arrived to Tehran Sunday, IRNA reports. Members of IMF …

Lagarde: bribery eats up 2% of gross domestic product

Lagarde: bribery eats up 2% of gross domestic product

Governments must step up their fight against corruption or face damaging economic and social consequences that risks tipping more countries into crisis, the head of the International Monetary Fund (IMF) Christine Lagarde has …

IMF: Gulf States oil exporters lose $390bn in 2015

IMF: Gulf States oil exporters lose $390bn in 2015

The International Monetary Fund estimates the Middle East’s oil-dependent economies have missed out on $390 billion in oil revenues last year alone and face up to $150 billion in income losses this year as a result of cheap oil …

Christine Lagarde: world economy is recovering too slowly

Christine Lagarde: world economy is recovering too slowly

The world economy is continuing to recover, but risks are increasing, IMF Managing Director Christine Lagarde has warned. "The good news is that the recovery continues. We have growth. We are not in a crisis. The …

Armenian press review (March 17 - 23)

Armenian press review (March 17 - 23)

What caused the spectacular increase in economic activity noted by the Armenian National Statistical Service? How much will Russia be able to reduce the tariffs for gas for the country? Why do employees of the Moscow airports take such a keen interest in Armenian citizens?

IMF: low oil prices fraught with risks instead of benefits

IMF: low oil prices fraught with risks instead of benefits

Stable low oil prices did not bring any economic benefits as expected, but gave rise to unexpected new risks, the IMF chief economist Maurice Obstfeld and two specialized professionals Gian Maria Milesi-Ferretti …

IMF: world economy on verge of collapse

IMF: world economy on verge of collapse

The International Monetary Fund warns that the risk of economic collapse is increasing, so we need to take immediate measures to stimulate demand. The International Monetary Fund's first deputy managing director, David …