The Managing Director of the International Monetary Fund joined the Heads of Agency Aid for Trade focus session today (Wednesday, July 27, 2022) to examine how the multiple crises facing the world are impinging on…
Read More
The outlook for global growth has grown “gloomy and more uncertain,” the IMF’s chief economist Pierre-Olivier Gourinchas warned Tuesday (July 26) in Washington, DC. A tentative recovery in 2021 has been followed by increasingly gloomy…
Read More
The IMF announced on Tuesday (July 26, 2022) a 3.2% revised downward forecast to global growth in 2022 and 2.9% in 2023. “The global economy is still reeling from the pandemic and Russia’s invasion of…
Read More
The IMF said in a press briefing today, Thursday July 14, that third of emerging markets and developing economies are in debt distress and decisive action is needed now. “We’ve been saying that a third…
Read More
The International Monetary Fund sees further slowdown hitting global economic growth in 2022, IMF spokesperson Gerry Rice said on Thursday in Washington, DC, following moves by the World Bank and OECD to cut their own…
Read More
As the G7 meets, the IMF is working to secure emergency funding to help Ukraine while it is fending off a Russian invasion, Fund spokesman Gerry Rice said Thursday in Washington, DC (May 19). “Our…
Read More
The IMF sees a challenging economic outlook for Africa due to the war in Ukraine and lingering impact of pandemic, but there are reasons to be optimistic as well, Africa Department Director Abe Selassie told…
Read More
The US Federal Reserve chairman Jerome Powell signaled a half-point rate hike is in the cards soon to combat inflation at the IMF on Thursday (April 21) in Washington, DC. “The thing I want to……
Read More
The world is facing a “crisis within a crisis” and needs unity in response to inflation and risks of food insecurity, IMF Managing Director Kristalina Georgieva said Wednesday (April 20) in Washington, DC. “We are…
Read More
The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects for the Middle East and Central Asia, announced the IMF today (April 27). Despite better-than-expected momentum in 2021, the economic…
Read More