- — IMF moves to blunt Chinese debt deal delays with lending policy change
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at 4/19/24 3:00amThe International Monetary Funds executive board has backed a key change to give it more freedom to support countries in crisis evenif debt renegotiations with big creditor governments like China are still ongoing. The proposal is aimed at reforming what the IMF calls its Lending Into Official Arrears (LIOA) policy, a framework that determines if ...- — IMF calls for fiscal restraint in year with most elections ever
- at 4/18/24 3:00amThe International Monetary Fund urged countries on Wednesday to rein in fiscal spending and rebuild their buffers, but said that could prove difficult in the worlds biggest-ever election year. A record 88 countries, home to more than half of the worlds population, have held or are holding national elections in 2024, the IMF said, noting ...
- — Global Economy Remains Resilient Despite Uneven Growth, Challenges Ahead
- at 4/17/24 3:00pmDespite gloomy predictions, the global economy remains remarkably resilient, with steady growth and inflation slowing almost as quickly as it rose. The journey has been eventful, starting with supply-chain disruptions in the aftermath of the pandemic, an energy and food crisis triggered by Russia’s war on Ukraine, a considerable surge in inflation, followed by a ...
- — OECD employment rate remains at record high in the fourth quarter of 2023
- at 4/17/24 3:00pmOECD employment and labour force participation rates remained broadly stable at 70.1% and 73.8% in the fourth quarter of 2023, the highest levels recorded since the start of the series in 2005 and 2008, respectively. Both indicators were at or near their record highs in 10 of the 38 OECD countries, including Italy and Japan ...
- — IMF sees slow, steady 2024 global growth; China, inflation pose risks
- at 4/16/24 3:00pmThe global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing world output through headwinds from lingering high inflation, weak demand in China and Europe, and spillovers from two regional wars. The IMF forecast global real GDP growth of 3.2% for 2024 ...
- — Georgieva selected for second term as IMF managing director
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at 4/14/24 3:00pmThe International Monetary Funds executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. The Board commended Ms. Georgievas strong and agile leadership during her term, navigating a series of major global shocks, it said in ... - — The 2020s: Turbulent, Tepid or Transformational? Policy Choices for a Weak Global Economy
- at 4/12/24 3:00pmThank you, Fred for your kind introduction, and my thanks to you and the staff of the Atlantic Council for hosting this event. Like the IMF, the Council is an institution grounded in the belief that dialogue and cooperation can build a more prosperous world. We also share some DNA. Secretary Dean Acheson, who co-founded ...
- — IMF chief sees inflation dropping further in 2024, not yet fully defeated
- at 4/11/24 3:00pmInflation is easing faster than expected but has not been fully defeated, International Monetary Fund chief Kristalina Georgieva said on Thursday, urging central bankers to carefully calibrate their decisions on cutting interest rates to incoming data. Georgieva said headline inflation for advanced economies was 2.3% in the final quarter of 2023, down from 9.5% just ...
- — Shocks in G20 emerging economies hit rich-world growth, IMF says
- at 4/9/24 3:00pmDomestic shocks in emerging economies in the G20 are increasingly impacting growth in the rich world, according to a report published on Tuesday by the International Monetary Fund. Those countries ranging from China, the worlds second-largest economy, to default-prone Argentina have become so embedded in the global economy, particularly via trade and commodity ...
- — OECD headline inflation stable at 5.7% in February 2024, food inflation continues to slow
- at 4/8/24 3:00pmYear-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) was stable in February 2024 at 5.7%, having hovered around 6.0% since May 2023 (Figures 1 and 2). Headline inflation fell in three-quarters of OECD countries, with the largest monthly declines recorded in Poland and Sweden and the largest rise in Türkiye. ...
- — Chinese premier calls for closer cooperation with IMF
- at 3/26/24 4:00pmChinese Premier Li Qiang met with Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on Monday in Beijing, and called for closer cooperation with the IMF. Li said China has set a target of around 5 percent GDP growth this year, which is positive news for the global economy. Since the beginning of ...
- — China could grow faster with pro-market reforms, IMF managing director says
- at 3/25/24 4:00pmWith a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday. This additional growth would amount to a 20% expansion of the real economy over the next 15 years, in today’s terms, that is like adding $3.5 trillion ...
- — IMF’s Georgieva urges central bank independence amid election-year rate-cut pressures
- at 3/21/24 12:00pmInternational Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks face growing political pressure to cut interest rates during a major election year but policymakers need to maintain their independence. Georgieva said in a blog posted on the IMF website that central banks with stronger independence scores are more successful in controlling ...
- — Tight monetary stance needed in many emerging European economies, says IMF
- at 3/18/24 12:00pmUnderlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies, requiring many central banks in the region to maintain a tight monetary stance for longer than the European Central Bank, a top IMF official said. Aided by a retreat in price growth from double digits, some central banks in the region ...
- — OECD forecasts Latin America, Caribbean to reach pre-pandemic structural balance by 2025
- at 3/14/24 4:00pmThe Organization for Economic Cooperation and Development said on Wednesday it projects the average structural balance in Latin America and the Caribbean to reach pre-pandemic levels by 2025. The regions are expected to see a steady improvement from 2022 to 2025, with forecasts indicating a return to -3.4% of potential GDP by 2025. This figure ...
- — G20 GDP growth continues at a steady pace in the fourth quarter of 2023
- at 3/14/24 5:00amGross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the fourth quarter of 2023 according to provisional estimates, slightly down from 0.8% in the previous quarter (Figure 1). The economic performance of G20 countries was mixed in Q4 2023. GDP growth weakened in China (to 1.0% in Q4 compared with 1.5% ...
- — EU finance ministers back Georgieva for second IMF term
- at 3/12/24 4:00pmEuropean Union finance ministers on Tuesday endorsed International Monetary Fund Managing Director Kristalina Georgieva for a second term at the helm of the lender of last resort. Georgievas current five-year term ends on Sept 30. Traditionally European countries recommend the managing director of the IMF and the United States recommends the head of the World ...
- — Transitioning to greener and more sustainable growth models can provide a massive boost to employment in Southeast Asia
- at 3/11/24 4:00pmSoutheast Asia, a region grappling with environmental challenges and the effects of climate change where one in three workers rely on natural resources to sustain their livelihoods, would see large employment gains from transitioning to sustainable agriculture and to renewable sources of energy, according to a new OECD Development Centre report. “Towards Greener and More ...
- — Germany supports 2nd term for IMF’s Georgieva, minister says
- at 3/11/24 4:00pmGermany will support a second term for International Monetary Fund (IMF) chief Kristalina Georgieva, Finance Minister Christian Lindner said on Monday. Kristalina Georgieva navigated the IMF through difficult times over the last years. I am convinced that she is exactly the right person to steer the institution through the challenges ahead and to strengthen the ...
- — OECD sees total bond debt to rise in 2024 on tightening financial conditions
- at 3/11/24 5:00amThe Organisation for Economic Cooperation and Development (OECD) said it expects its governments total bond debt to rise to $56 trillion this year from $54 trillion in 2023 in an environment of restrictive financial conditions. The United States will represent roughly half of this debt, twice its share in 2008, while the European Union will ...
- — IMF’s Georgieva interested in second term as fund’s head, has support, say sources
- at 3/8/24 11:00amInternational Monetary Fund Managing Director Kristalina Georgieva is interested in a second five-year term heading up the global lender and is poised to secure sufficient support among member countries, sources familiar with the plans said. Georgievas term ends on Sept. 30. The Bulgarian economist last week won the backing of French Finance Minister Bruno Le ...
As of 4/19/24 9:59am. Last new 4/18/24 7:10am.
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