Inflation is a clear threat to many countries in the world and a major obstacle to the global recovery, International Monetary Fund chief Kristalina Gerogieva said in a speech ahead of the IMF spring meeting. The IMF will announce next week a further downgrade of its global growth forecast for 2022 from the 4.4% forecast […]
Tag: IMF
German Press: The chapter closes crisis for Greece
The early repayment of Greece’s loans to the IMF refers to a number of articles in the German press. Also the impact of sanctions in Russia on Cypriot tourism. The German press characterizes the announcement of the Greek Ministry of Finance for the early repayment of the country’s debts to the IMF as the end […]
Mr. Mitsotakis: The national economy remains stable on the path of progress and next to the citizen
“Despite the international turmoil, the national economy remains firmly on the path of progress and next to the citizen”, stressed in a post the Prime Minister Kyriakos Mitsotakis, on the occasion of the repayment of the balance of the IMF to Greece. In particular, the Prime Minister states: “End of an era for the IMF […]
Greece has completed the repayment of its debts to the IMF
Greece has completed the repayment of its debts to the International Monetary Fund today, as announced by the Ministry of Finance. The repayment to the IMF, says in a relevant announcement the Minister of Finance Christos Staikouras “started, continued and was completed by the government of New Democracy”. “This closes a chapter that was opened […]
End of an era for the IMF as a lender to Greece
LAST UPDATE: 21:36 By Tasos Dasopoulos End of an era from today for the role of the IMF as a lender to Greece, after the early repayment of the remaining 1.86 billion euros of the Fund’s loans to Greece from the 1st and 2nd memorandum. With the third consecutive early repayment from 2019 (2.7 billion […]
IMF for Greece: Sees 3.5% growth this year despite the war
By Tasos Dasopoulos The IMF raises serious objections to the permanence of the announced tax cuts, while proposing, among other things, a freeze on public salaries and pensions and prudence in raising the minimum wage, in its report on the Greek economy based on Article IV. The main conclusions of the report emphasize that the […]
Κρ. Georgieva: Climate crisis causes serious disruption to lives and livelihood
“The climate crisis is already causing serious disruption to life and livelihoods. With just 1.1 degrees Celsius rising in temperature, half the world’s population is experiencing uncertainty about water for at least a month a year. the region “, said the director general of the International Monetary Fund (IMF), Kristalina Georgieva. The IMF Managing Director […]
IMF: Cyprus is extremely vulnerable to the economic effects of the war
Despite the reduction in exposure to Russia, Cyprus is “extremely vulnerable” to the economic effects of the war in Ukraine, the International Monetary Fund said. Growth is projected to slow to 2% in 2022 from 5.5% in 2021, mainly reflecting the impact of war and sanctions on service exports and the negative trade shock from […]
Green light from ESM-EFSF for early IMF-GLF repayment
By Tasos Dasopoulos The way for the repayment of the IMF loans and the early payment of the double installment for the bilateral loan with the eurozone member states (GLF) was given today by the boards of the ESM and the EFSF. The latter formal procedure has nothing to do with the approval of the […]
The IMF has approved a $ 44 billion deal for Argentina
The International Monetary Fund has approved a $ 44 billion deal that would allow Argentina to restructure its debt to the lender, ratifying an agreement that already faces economic and political challenges, Bloomberg reports. The IMF’s executive board approved a 30-month extended facility at a meeting on Friday, allowing $ 9.7 billion in immediate disbursements, […]
