IMF

IMF expects Georgia GDP growth to rebound to 4.3 % in 2021

November 11, 2020

Georgia

The FINANCIAL — An International Monetary Fund (IMF) staff team led by Mercedes Vera Martin conducted virtual discussions from October 5 to November 9, 2020, on the Seventh Review under the Extended Fund Facility (EFF) arrangement. At the conclusion of the mission, Ms. Vera-Martin issued the following statement: “Following productive discussions, the Georgian authorities and the IMF team reached a

IMF/World Bank Annual Meetings in Morocco postponed until 2022

The FINANCIAL — The Kingdom of Morocco, the World Bank Group and

by The FINANCIAL

November 5, 2020

1 min read

Banco de España and IMF modify agreement to expand lending to low-income countries

The FINANCIAL — The International Monetary Fund (IMF), as Trustee of the

by The FINANCIAL

October 29, 2020

1 min read

IMF Staff and Jordan reach staff-level agreement on the first review under the Extended Fund Facility

The FINANCIAL — An International Monetary Fund (IMF) team led by S. Ali

by The FINANCIAL

October 28, 2020

2 mins read

Europe

EBRD approved €30 mln credit to boost financial stability in Bosnia and Herzegovina

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) is providing a €30 million standby credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA) to ensure that citizens and businesses are protected against potential vulnerabilities in the financial sector

by The FINANCIAL

October 27, 2020

1 min read

Finance

Cross-border payments are about to improve

The FINANCIAL — When paying for coffee, we swipe, tap, wave, and soon may wink—a quick and painless exchange of coffee for money. But when paying for imports or sending remittances, we often fill-out forms, wait for days, and pay—too much. Progress to

by The FINANCIAL

October 21, 2020

3 mins read

WORLD

International Monetary Fund staff statement on Argentina

The FINANCIAL — An IMF team, led by Julie Kozack Deputy Director of the Western Hemisphere Department and Luis Cubeddu Mission chief for Argentina, visited Buenos Aires from October 6 to 11, 2020 to learn and assess more about the Argentine authorities’

by The FINANCIAL

October 13, 2020

1 min read

Georgia

MF Approves the Request for Augmentation of Access to Support Georgia Address the COVID-19 Pandemic

The FINANCIAL -- The IMF Executive Board approved a disbursement of US$200 million for budget support to help Georgia meet urgent balance of payments and fiscal needs stemming from the COVID-19 pandemic. The pandemic is expected to have a significant impact on Georgia’s

by The FINANCIAL

May 2, 2020

1 min read

Markets

IMF:ECONOMIC OUTLOOK AND RISKS

DEVELOPMENT COMMITTEE: THE MANAGING DIRECTOR'S WRITTEN STATEMENT -- The global coronavirus outbreak is a crisis like no other and poses daunting challenges for policymakers in many emerging market and developing economies (EMDEs), especially where the pandemic encounters weak public health systems, capacity

by The FINANCIAL

April 19, 2020

7 mins read

Georgia

IMF Reaches Staff-Level Agreement on Sixth Review for Georgia’s Extended Fund Facility, Request for Augmentation

The FINANCIAL – IMF team reaches a staff level agreement with the Georgian authorities for the completion of the Sixth Review and an augmentation of access under the Extended Fund Facility. Pending the Executive Board approval, about $200 million will be made

by The FINANCIAL

April 15, 2020

2 mins read

BANKS

IMF is “ready to deploy all US$1 trillion lending capacity” to save members

The FINANCIAL -- “The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage. This is a moment for solidarity—which was a major theme of the meeting today of

by The FINANCIAL

March 23, 2020

2 mins read

OP-ED

Blunting the Impact and Hard Choices: Early Lessons from China”

The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. China's experience so far shows that the right policies make a difference in fighting the disease

by By Helge Berger, Kenneth Kang, and Changyong Rhee

March 20, 2020

4 mins read

Finance

IMF Executive Board Approves Reform Package to Enhance Support to Low-Income Countries

On May 24, 2019 the Executive Board of the International Monetary Fund (IMF) concluded the 2018-19 Review of Facilities for Low-Income Countries—Reform Proposals ("Facilities Review") and the companion Review of the Financing of the Fund's Concessional Assistance and Debt Relief to Low-Income

by The FINANCIAL

June 8, 2019

2 mins read