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Tag Archives: IMF

IMF approves 3-bln-USD loan to Egypt

Cairo, Egypt | Xinhua | The International Monetary Fund (IMF) said on Friday that its executive board had approved a loan to Egypt of about 3 billion U.S. dollars over 46 months. The decision enables an immediate disbursement of about 347 million dollars to Egypt, “which will help meet the balance of …

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Experts call for measures to avert economic crisis in Africa

  Nairobi, Kenya | Xinhua | Financial experts on Tuesday called for the effective implementation of measures in order to avert an economic crisis in Africa. Catherine Pattillo, deputy director of the African Department at the International Monetary Fund (IMF), said in Nairobi, Kenya’s capital, that the global recession coupled with …

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IMF chief warns of risk of geopolitical fragmentation amid global slowdown

Washington, U.S. | Xinhua | There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday. “Emerging markets and developing countries have stressed that for them, it is paramount that they have the opportunity to drive …

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IMF urges policymakers to keep tight fiscal stance to help fight inflation

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Wednesday urged policymakers to prioritize protecting the vulnerable through targeted support, while keeping a tight fiscal stance to help fight inflation. “Governments confront difficult trade-offs amid sharp increases in food and energy prices,” Vitor Gaspar, director of the IMF’s fiscal …

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IMF downgrades 2023 global growth forecast to 2.7 pct

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy …

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IMF chief highlights “fundamental shift” in global economy

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday there is a “fundamental shift” in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support emerging market and developing economies. The global economy is moving “from a world of …

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Government concealing debt figures: Experts

Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …

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