The International Monetary Fund has warned of “geo-economic fragmentation” as officials and business leaders gather at the World Economic Forum in Davos, CNBC reports. In a blog post ahead of this week’s event, IMF Managing Director Kristalina Georgieva said the world economy was facing “the biggest test since World War II”, with the Russian invasion […]
Tag: IMF
All the latest forecasts for this year’s growth
Of Tasos Dasopoulos With a forecast for growth of 3.1%, the Ministry of Finance appears for the second consecutive year, to appear more pessimistic than institutions inside and outside Greece, which closely monitor the course of the Greek economy. Although everyone has revised their forecasts at the beginning of the year, due to the persistence […]
IMF chief optimistic G7 funds for Ukraine can prevent hyperinflation
IMF Managing Director Kristalina Georgieva said on Thursday that she was “growing optimistic” that a G7 agreement could be reached on new fiscal financing for Ukraine and that it could help the country avoid hyperinflation. On the sidelines of a meeting of G7 finance ministers and central bank governors, Georgieva said the main issue for […]
Egypt close to agreement with IMF
Egypt expects to reach a new agreement with the International Monetary Fund (IMF) “within a month”, Prime Minister Mostafa Madbouly said in a televised press conference on Sunday, according to Reuters. In March, Egypt said it was in talks with the IMF on possible funds to offset the economic effects of the Russia-Ukraine crisis if […]
IMF: Most vulnerable countries in Africa will be hit hardest by Russia’s war in Ukraine
Russia’s invasion of Ukraine has caused an additional “huge negative shock” in sub-Saharan Africa, resulting in rising food and energy prices and a risk of famine for the most vulnerable, said the head of the International Monetary Fund’s Africa Division. (IMF). The food security crisis has increased pressure on countries already struggling with a prolonged […]
IMF: Asia faces risk of stagnant inflation
Asia remains the most economically powerful region in the world, but its outlook is “stagnant”, with a slower-than-expected growth rate and higher inflation, the International Monetary Fund (IMF) said on Monday. The Fund manually revised its forecast for Asian GDP growth to 4.9% in 2022 from 5.4% in January due to the Ukraine war, the […]
IMF: Restrictions on fiscal policy return
The spring meeting of the International Monetary Fund and the World Bank took place at a critical juncture as the war in Ukraine casts a shadow over the country, raising uncertainty that has been significantly reduced in the past thanks to anti-coronavirus and anti-coronavirus vaccines. economies. As the war intensifies global energy and food price […]
Powell (Fed): At the table an increase of 50 bp. interest rates in May – Forward logic has a basis
US Federal Reserve Chairman Jerome Powell said the argument for a sharp rise in interest rates was well-founded, noting that a possible 50 basis point (0.5%) increase in the Fed key interest rate would be considered at the May meeting. , as reported by Bloomberg. “I would say the 50 basis points will be on […]
IMF warns of new sell-offs in markets at risk of more aggressive tightening by central banks
New sell-offs in the stock markets are being “seen” by the International Monetary Fund, as the central banks, in their attempt to curb the galloping inflation, are lifting the stimulus measures of the economies that they adopted in the midst of the coronavirus pandemic. Although this year has started with investors optimizing that the gradual […]
Georgieva (IMF): Ukraine needs $ 5 billion / month in financial aid to keep its economy afloat
LAST UPDATE: 17.36 IMF Managing Director Kristalina Georgieva today called on all countries to continue working together, as some finance ministers decided not to attend any of the G20 meetings today due to the presence of Russian officials in them. as reported by Reuters. “No country can solve its problems alone. It is obvious that […]
