International Monetary Fund

IMF: Russia's Economy to Grow Faster Than US, Other Advanced Economies Despite International Sanctions Over Ukraine

IMF: Russia's Economy to Grow Faster Than US, Other Advanced Economies Despite International Sanctions Over Ukraine

Despite international sanctions over its war in Ukraine, the International Monetary Fund (IMF) has forecasted that the economy of Russia will grow quicker than all of the advanced economies in the world, including the United States, in 2024.

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US Treasury Warns Creditors Against Exploiting Aid to Developing Nations

US Treasury Warns Creditors Against Exploiting Aid to Developing Nations

The US Treasury Department has cautioned emerging official creditors against curtailing loans to nations already engaged in programs with the International Monetary Fund (IMF) or multilateral development banks.

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IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum

IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum

The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).

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IMF Says Mexico Is Now the 12th Largest Economy in the World

IMF Says Mexico Is Now the 12th Largest Economy in the World

Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.

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IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia.

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IMF Approves $900 Million for Ukraine as Volodymyr Zelenskyy Makes Plea for US Aid Ahead of Joe Biden Meeting

IMF Approves $900 Million for Ukraine as Volodymyr Zelenskyy Makes Plea for US Aid Ahead of Joe Biden Meeting

The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine.

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US, China Risk a 'New Cold War' as Economic and Trade Conflicts Escalate, IMF Official Warns

US, China Risk a 'New Cold War' as Economic and Trade Conflicts Escalate, IMF Official Warns

The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.

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Greek Public Sector Workers Protest Amid Economic Crisis

Greek public sector workers walked off the street in a series of protest against reforms under the international bailout.

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BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences

Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. BoE and its governor have drawn criticisms from the pro-Brexit campaigners following clear stance against leaving EU.

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Capital outflows to push emerging markets into crisis, cautions IMF

International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospects between advanced and emerging economies may add to the crisis situation again.

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IMF Chief Lagarde Vows To Speedy Conclusion In Greek Bailout Review

In response to a letter from the Greek Prime Minister Alexis Tsipras, Christine Lagarde, the IMF chief, has binned the Wikileaks’ transcript. Since IMF doesn’t act on leaks, she decided to allow the IMF team to resume the postponed bailout review. She has stressed the need for a speedy conclusion of the bailout review just for the sake of the Greek people.

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UK's GDP growth rate remains at 0.5%; IMF cautions about global growth

UK's GDP growth rate was remained unchanged at 0.5 percent for the fourth quarter of 2015. Services sector contributed the most to the GDP growth. Meanwhile, International Monetary Fund (IMF) has cautioned about weakening global growth.

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Canada Almost Sold Half of its Gold Reserves

Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straight from the Finance Minister, Bill Morneau's office.

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Public spending propels Africa's fastest growing economy Ethiopia

The east African nation Ethiopia is poised to grow at 8.1 percent in 2016 from 8.7 percent growth in 2015. This makes Ethiopia a fastest growing nation in the world. The government spending on infrastructure projects is mainly driving the economy growth.

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Chinese economy at slowest in 25 years

China grew 6.9 percent in 2015 indicating the slowest growth rate in 25 years. The growth rate was 6.8 for the fourth quarter of 2015. The world's second largest country recorded 7.3 percent growth rate in 2014. Investors are cautious about the impact of slowdown in China's economy. IMF forecasts China's economy growth rate at 6.3 percent in 2016 and six percent in 2017. Chinese government has set a target of seven percent growth for 2016.

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