- — IMF mission starts second review of Ukraine programme
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at 9/25/23 3:00pmAn International Monetary Fund monitoring mission started work on Monday on the second review of a $15.6 billion multi-year loan program for Ukraine. Vahram Stepanyan, IMFs resident representative, said in a statement that the discussions with the Ukrainian government would be held on recent economic developments and fiscal, financial and structural policies. The IMFs four-year ...- — Positive growth continues, albeit fragile, and with persistent inflation posing a key risk
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at 9/20/23 3:00amThe global economy was stronger than expected in the first half of 2023, but the growth outlook is weak, inflation is proving persistent and there are significant downside risks, according to the OECD’s latest Interim Economic Outlook. With monetary policy working its way through economies and a weaker-than-expected recovery in China, the Outlook projects global ... - — IMF, World Bank to proceed with annual meetings in Morocco in October
- at 9/19/23 3:00pmThe International Monetary Fund (IMF), the World Bank and Morocco on Monday announced the annual meetings of the two global institutions would proceed in October in Marrakech, despite a recent nearby earthquake that killed more than 2,900 people. The meeting will take place from Oct. 9-15 in Marrakech, just 45 miles (72 km) from the ...
- — UK inflation to be highest among big economies in 2023 – OECD
- at 9/19/23 3:00pmBritain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the countrys inflation problem widening compared with most of its peers. Britains headline inflation rate was set to average 7.2% over 2023, up from a previous forecast of 6.9% ...
- — IMF to urge China to shift growth model towards consumption, Georgieva says
- at 9/18/23 7:00amThe International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered to Chinese ...
- — IMF has a tough call on Argentina: force major reforms or pull the plug
- at 9/17/23 3:00pmArgentina and the International Monetary Fund share a rocky history spanning seven decades and it looks as if things could get worse. Just five years ago, Argentina became the Washington-based global lenders biggest single debtor, receiving a $57 billion bailout to help then-President Mauricio Macris market-friendly government steer out of an economic crisis marked ...
- — G20 GDP growth slows to 0.7% in the second quarter of 2023
- at 9/15/23 3:00pmGross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the second quarter of 2023 according to provisional estimates, down from 1.0% in the previous quarter (Figure 1). The slowdown in the G20 area in Q2 2023 mainly reflected a deceleration of the economy in China,[1] where GDP growth slowed to 0.8% ...
- — Countries deploy tax policy to shield households and businesses from decade-high inflation
- at 9/14/23 7:00amTax policy has played a central role as governments sought to shield households and businesses from the impact of decade-high inflation levels, according to a new OECD report. Tax Policy Reforms 2023 describes tax reforms announced and enacted in 2022 across 75 jurisdictions of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, including ...
- — OECD unemployment rate remains below 5.0% in July 2023 for the 13th consecutive month
- at 9/13/23 3:00pmThe OECD unemployment rate was broadly stable at 4.8% in July 2023, remaining below 5.0% for over a year (Figure 1.1). The unemployment rate rose in 15 OECD countries in July 2023, including Denmark, Lithuania, and Austria, was unchanged in 9 and declined in 9. Unemployment was at or close to its record low in ...
- — IMF says global debt fell as share of GDP in 2022, may resume rising trend
- at 9/13/23 3:00pmThe International Monetary Fund on Wednesday said that the global debt as a share of economic output fell significantly in 2022 for the second year in a row, but the decline may be ending as a post-COVID growth surge fades. The IMF said in an update to its Global Debt Database that the worlds total ...
- — Vocational training will be key to meeting increasing demands for skilled workers and adapting to a changing labour market
- at 9/13/23 7:00amBoosting access to vocational training will be critical to ensure more young people can meet increasing demands for skilled workers and adapt to and benefit from the profound changes spurred by the green and digital transformations. The OECD Education at a Glance 2023 says that 44% of all upper secondary students are enrolled in vocational ...
- — IMF chief says new Biden-backed economic corridor should not exclude any countries
- at 9/12/23 3:00amThe Biden-led rail-to-sea economic corridor linking India with Middle Eastern and European countries should not be exclusionary and should engage in the spirit of an integrated world economy, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. At a time when supply chains are aligning along shifting global geopolitical lines, U.S. President Joe Biden’s ...
- — IMF urges pact to boost its resource quota, strengthen world economy
- at 9/11/23 7:00amIt is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina Georgieva, said on Sunday, while urging members of the G20 bloc to deliver on a promise of $100 billion a year in climate funds. In a declaration at its summit in New Delhi this weekend, the grouping ...
- — US Treasury official pushes IMF quota increase to bolster lending resources
- at 9/8/23 11:00amThe U.S. Treasury will push for a general increase in International Monetary Fund quota resources this year that would maintain the IMFs current voting power allocations for the time being, the departments top economic diplomat said on Thursday. Jay Shambaugh, the Treasurys undersecretary for international affairs, said ahead of a G20 leaders summit in India ...
- — IMF and regulators set out roadmap to contain crypto risks
- at 9/7/23 3:00pmGlobal financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate measures that stop cryptoassets from undermining macroeconomic and financial stability. Such risks are exacerbated by noncompliance with existing laws in some instances, the G20s risk watchdog, the Financial Stability Board, and the IMF said in a paper. Many of ...
- — Saudi Arabia’s 2023 GDP growth to slow due to longer oil cuts – IMF
- at 9/6/23 3:00pmSaudi Arabias overall gross domestic product growth is likely to be lower than the currently forecast 1.9% by the International Monetary Fund, but will remain in positive territory, the IMFs mission chief for the kingdom said on Wednesday. Non-oil growth is expected to remain robust this year but overall growth will be revised downwards to ...
- — South Korea should maintain current monetary, fiscal policies, IMF says
- at 9/6/23 3:00pmSouth Korea should maintain current, restrictive monetary and fiscal policies as it needs to take steps to return to sustainable finances and address inflation, the International Monetary Fund (IMF) said on Wednesday. The monetary policy rate should stay above neutral for the time being to address inflation, with the interest rate path remaining data dependent, ...
- — EU needs a deeper Single Market and to accelerate emissions reduction efforts to secure stronger and more sustainable growth
- at 9/6/23 3:00pmThe European economic recovery has been disrupted by Russia’s war of aggression against Ukraine, which has driven energy and food prices higher and curbed the post-pandemic rebound. While co-ordinated and timely policy action helped avoid a severe downturn, the near-term outlook remains clouded by uncertainty, according to a new OECD report. The latest OECD Economic ...
- — Headline inflation rises slightly to 5.9% in July 2023 despite a decline in most OECD countries
- at 9/5/23 3:00pmYear-on-year inflation in the OECD, as measured by the Consumer Price Index (CPI), rose to 5.9% in July 2023, after 5.7% in June, the first increase since October 2022 (Figures 1 and 3). This increase was mainly driven by a sharp rise in inflation in Türkiye. Excluding Türkiye, OECD inflation is estimated to have been ...
- — ASEAN Matters: Cooperation for A Stronger and More Resilient Global Economy
- at 9/5/23 3:00pmAs prepared for delivery Introduction Thank you, President Jokowi, it gives me great pleasure to address the ASEAN summit — it is uplifting to be with the leaders from a region with remarkably strong performance at a difficult and uncertain time for the world economy. Let me make three points—on the global outlook, ASEAN’s prospects, ...
- — IMF sees interest rates remaining high for ‘quite some time’ – Gopinath
- at 9/4/23 7:00amEmerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Funds No. 2 official said. IMF First Deputy Managing Director Gita Gopinath told the biennial conference of the South African Reserve Bank that ...
As of 9/25/23 7:21pm. Last new 9/20/23 6:06am.
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