By Tasos Dasopoulos The IMF forecasts a primary surplus of 1.1% of GDP for 2023, which will increase to 2% of GDP in 2027, and a significant de-escalation of debt, for Greece, in its report on the fiscal outlook of its member states ( Fiscal Monitor). In its forecasts, the Fund sees the primary deficit […]
Tag: IMF
IMF: Raises global economic growth bar to 3.6% over Ukraine
The International Monetary Fund (IMF) has revised its forecasts for global economic growth by almost one percentage point due to Russia’s war in Ukraine, warning that inflation is now a “clear and present threat” to many countries. ”. The war is expected to slow growth and increase inflation even further, the IMF said in its […]
IMF: Greece’s growth at 3.5% this year – Calls for measures in favor of the vulnerable
By Tasos Dasopoulos Growth that will reach 3.5% for this year despite the crisis and 2.6% in 2023 is forecast by the IMF for Greece, while for inflation it expects a peak for this year but not more than 4.5% and then a decline at 1.3% next year. In particular, in the spring report on […]
Sri Lanka: Protests over rising fuel prices continue
Protesters took to the streets again across Sri Lanka today as the country faces rising fuel prices and shortages of petrol and diesel. Mass mobilizations are underway in several cities; public transport, including trains, has been blocked and travel to schools and businesses is being disrupted, a senior police official said. Yesterday, Monday, the largest […]
Oxfam calls on IMF to ‘abandon austerity policy requirements’
The non-governmental organization Oxfam called on the International Monetary Fund (IMF) in a statement released today to “abandon its demands for austerity policies as the cost of living crisis increases hunger and poverty around the world”. “87% of IMF loans to deal with the COVID-19 crisis are accompanied by the requirement of developing countries – […]
The first ‘scan’ of the IMF in the economy after its repayment
Of Tasos Dasopoulos Optimistic short-term and pessimistic medium-term, both for the debt and for the growth rate, the IMF is expected in the data that will start to be published from today, in the context of the spring meeting of the Fund and the World Bank The Fund has already given its assessment of the […]
The United States will intensify pressure on those who circumvent sanctions against Russia
US Treasury Secretary Janet Yellen will urge members of the International Monetary Fund and the World Bank this week to step up pressure on Russia to end the “irrational war” in Ukraine, a senior ministry official said Monday. The US Treasury Department will focus its efforts on “complying” with those seeking to circumvent the sweeping […]
Ukraine, debt, growth on the IMF ‘menu’
The spring meeting of the IMF and the World Bank begins today in Washington. Concern for the economy is evident, subject to Russia’s participation in the G20 consultations. Following the economic turmoil of the pandemic, the war in Ukraine is causing new shocks in the world economy: rising energy prices, food and raw material shortages, […]
Zelensky talks with IMF Managing Director Kristalina Georgieva
The President of Ukraine had a conversation with the Director of the International Monetary Fund Kristalina Georgieva on ensuring the financial stability of Ukraine and the preparations for its reconstruction after the war. “We have clear plans now, as well as a vision for the prospects. I am confident that co-operation between the IMF and […]
In Washington, Ukrainian Prime Minister Smikhal next week
Ukrainian Prime Minister Dennis Smihal and top officials will travel to Washington next week for a spring meeting of the International Monetary Fund and the World Bank, according to Reuters, citing Ukrainian government sources. Prime Minister Smihal, Finance Minister Sergiy Marchenko and Central Banker Kirillo Shevchenko will hold bilateral meetings with G7 economic officials and […]
