Russia’s default on its foreign debt is likely to have “limited” consequences for the global financial system, a senior IMF official said today, according to AFP. “If there was a default, I think the immediate impact on the rest of the world would be quite limited, because the numbers we are looking at are relatively […]
Tag: IMF
IMF meeting on March 45 for $ 45 billion package for Argentina
The International Monetary Fund (IMF) board will discuss the final deal for a $ 45 billion package for Argentina on March 25, the last step after two years of negotiations between the agency and the Latin American country, according to Bloomberg. Buenos Aires has asked to combine two of its $ 2.8 billion debt payments […]
IMF, World Bank warn of ‘huge impact’ on world economy from war in Ukraine
Major international financial institutions such as the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF) and the World Bank today warned of the “enormous” consequences of Russia’s invasion of Ukraine on the world economy. In a joint statement, they said they felt “horror and deep concern” and that they met yesterday, […]
The IMF, the EBRD and the World Bank are committed to supporting Ukraine
The heads of major international financial institutions today pledged to coordinate their efforts to support Ukraine and its neighbors in response to the Russian invasion, while stressing that the war would have an impact on the world economy. In a joint statement, the heads of the International Monetary Fund, the World Bank, the European Bank […]
IMF: War in Ukraine could ‘fundamentally change’ world economic and political order
Russia’s invasion of Ukraine will affect the entire world economy by slowing growth and increasing inflation and could fundamentally reshape the world economic order in the long run, the International Monetary Fund said on Tuesday. In addition to human suffering and historical refugee flows, the war is fueling food and energy prices, fueling inflation and […]
The war between Russia and Ukraine is a “major blow” to the world but the impact in Asia is limited
The war between Russia and Ukraine is likely to add “a major blow” to the global economy, although its impact on the Asian region is likely to be limitedthe International Monetary Fund (IMF) said in a message posted on its website on Tuesday. Key comments “The conflict is a severe blow to the world economy […]
IMF: Risk of shrinking Ukrainian economy by up to 35% due to Russian invasion
Ukraine’s economy is expected to shrink by 10% in 2022 as a result of the Russian invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday. The report, drafted before the IMF approved $ 1.4 billion in emergency funding, said Ukraine’s […]
K. Georgieva: A Russian bankruptcy is no longer “unlikely”, but there is no risk of a global financial crisis
Russia may default on its debts in the wake of unprecedented sanctions for its invasion of Ukraine, but that would not cause a global financial crisis, IMF Managing Director Kristalina Georgieva said on Sunday. Reuters. Georgieva told CBS’s “Face the Nation” program that sanctions imposed by the United States and other democracies were already having […]
IMF boosts financial support for Moldova following Ukrainian influx of refugees
The International Monetary Fund will increase financial support to Moldova to help it withstand the additional pressure created by the arrival of more than 270,000 refugees from Ukraine, an IMF spokesman said on Friday. Speaking at a joint news conference with the Moldovan prime minister, the head of the IMF mission in Moldova, Ruben Atoyan, […]
Argentina: Parliament approves $ 45 billion deal with IMF
The Argentine Parliament approved in the early hours of today the agreement of 45 billion dollars with the International Monetary Fund (IMF) for the refinancing of the public debt, which now remains to be approved by the Senate, its secretariat announced. The House approved by 200 votes to 37, with 15 abstentions, the refinancing plan […]
