In Costa Rica, Congress on Monday approved a reform that would cut the salaries of public employees, a prerequisite for the country to comply with the terms of the agreement with the International Monetary Fund (IMF) for borrowing $ 1.78 billion. After three years of negotiations and reactions, despite strong resistance from the unions, the […]
Tag: IMF
IMF: The war in Ukraine will have a ‘serious impact’ on the world economy
The International Monetary Fund (IMF) said on Saturday that it was expected to approve Ukraine’s request for $ 1.4 billion in emergency funding to its board early next week and that it was in talks with neighboring Moldovan authorities on funding options. , Reuters reported. In a statement, he said that the war in Ukraine […]
Georgieva in Zelensky: IMF to respond to request for emergency funding for Ukraine
Kristalina Georgieva assured Volodymyr Zelensky that the IMF would respond immediately to Ukraine’s request for emergency funding. “I have just spoken to President @ZelenskyyUa and expressed my appreciation for his strength and leadership,” Georgieva said in a tweet. “The IMF is committed to supporting #Ukraine and its people. I assured @ZelenskyyUa of a swift response […]
Russia’s Deprivation of Suffrage and Special Drawing Rights (SDRs) at IMF Considered US-EU
The United States is committed to taking all necessary measures to prevent Russia from using its Special Drawing Rights (SDRs) in the International Monetary Fund, a US Treasury Department official told Reuters on Friday. stating that Moscow is already facing obstacles in making use of them. Russia received $ 17 billion in SDRs from the […]
IMF and World Bank step up support package for Kiev – What risks they see
The heads of the International Monetary Fund and the World Bank announced on Tuesday that they were stepping up efforts to provide additional billion dollars in aid to Ukraine in the coming weeks, and warned of the risk of “significant spread” to other countries. IMF Managing Director Kristalina Georgieva and World Bank President David Malpas […]
The Eurogroup approved the early repayment of IMF loans from Greece
The Eurogroup approved the early repayment of IMF loans from Greece, as well as part of the bilateral GLF loans with European countries, as stated in a relevant statement by the Minister of Finance Christos Staikouras. Greece thus repays its entire debt to the Fund. In detail, the Minister of Finance notes: “Today, in the […]
The World Bank and the IMF are temporarily relocating their staff outside Ukraine
The World Bank and the International Monetary Fund (IMF) announced yesterday that they were temporarily relocating some of their staff from Ukraine amid heightened concerns about a possible Russian invasion, but both said their lending and support to Ukraine continues. The World Bank said in an internal note read by Reuters that it had temporarily […]
Chr. Staikouras to Reuters: The latest IMF loans will be repaid by the end of March
Greece will repay the last installments of loans it owes to the International Monetary Fund by the end of March, two years ahead of schedule, Finance Minister Christos Staikouras told Reuters on Monday. “Greece has officially submitted a request for the full repayment of the outstanding balance of the IMF loans. The relevant process has […]
IMF: Immediate debt reduction plans for the heavily indebted countries of the Eurozone
By Tasos Dasopoulos Signal for immediate debt reduction plans from heavily indebted countries such as e.g. Greece and Italy give the IMF report on the Eurozone, predicting strong growth of 3.9% and moderate inflationary pressures in the medium term. In its report under Article IV, the Fund notes that the outlook for the Eurozone is […]
IMF: The recovery in the Eurozone is strong, the challenges remain
The Eurozone is recovering at a strong pace, the International Monetary Fund said in an analysis released today, although it warns that many challenges lie ahead. Economic policies in the euro area have strongly supported household incomes and protected corporate balance sheets. High levels of vaccination and increasing adaptation to the pandemic have also helped […]
