Tag: IMF

BUSINESS

IMF — Economy Faces Biggest Crisis Since Second World War

According to the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, the world’s economy faces perhaps its biggest test since the Second World War. Her statement comes against Russia’s invasion of Ukraine and the economic havoc caused by the COVID-19 pandemic. She argued that the global economy is being brought to the edge of a precipice by crisis upon crisis. […]

NEWS

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IMF: Rising Food And Fuel Prices Stoke Risk Of Unrest In Africa Experts have been sounding the alarm that the Ukraine conflict could lead to food insecurity across parts of Africa. Surging food and energy prices stoked by the war in Ukraine may lead to “social unrest” in Africa, the International Monetary Fund has warned. Read more at — Aljazeera.com […]

BUSINESS

IMF Warns Of U.S. Dollar Dominance Dilution

The International Monetary Fund (IMF) has warned that financial sanctions imposed on Russia threaten to dilute the dominance of the U.S. dollar gradually and could result in a more fragmented international monetary system. According to a Financial Times report, the IMF’s First Deputy Managing Director Gita Gopinath said, “The dollar would remain the major global currency even in that landscape […]

NEWS

IMF Approves $1.4 Billion Emergency Funding For Ukraine

The International Monetary Fund (IMF) has approved $1.4 billion of emergency funding for Ukraine, as the country contends with the onslaught of Russian firepower in an unprovoked invasion. It comes as the IMF predicts Ukraine will see a deep recession this year. Earlier, the World Bank approved a $732 million financial package for Ukraine and is planning more economic assistance […]

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The Caribbean And Other Developing Countries Set To Get U.S. Debt Relief

According to a CMC report, a bill has been passed in the U.S. House of Representatives to support debt relief for the Caribbean and other developing countries. Congresswoman Alexandria Ocasio-Cortez told the Caribbean Media Corporation the measure was passed in the House on Friday as part of the America COMPETES Act.   The legislation among other things places a moratorium […]

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A Generation Will Bear The Scars Of COVID — IMF A new assessment coming from International Monetary Fund (IMF) staff proffers the idea that, while fewer of the young have died due to COVID-19, they might bear the scars of the novel coronavirus pandemic for years. IMF writer Ruchir Agarwal said in a blog published on Friday, “While the coronavirus […]

BUSINESS

IMF Takes A Different Look At Global Growth

The International Monetary Fund (IMF) has downgraded its global growth forecast for this year as rising COVID-19 cases, supply chain disruptions, and higher inflation hamper economic recovery. In its delayed World Economic Outlook report, published on Monday, the IMF said it expects global gross domestic product to weaken from 5.9% in 2021 to 4.4% in 2022 — with this year’s […]

NEWS

Haiti Gets IMF Debt Relief

Haiti is the only Caricom country that is set to benefit from a fifth and final round of debt relief for 25 low-income countries by the International Monetary Fund (IMF). The IMF executive board approved the relief on debt service for the 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT) with the […]

Jamaica

IMF — Jamaica’s Inflation Rate To Hit 8.8 Percent

The International Monetary Fund (IMF) says it expects inflation in Jamaica to increase to 8.8 percent by the end of 2021. It has projected movement in prices to recede to 6.7 percent in 2022. However, according to press reports, the IMF said there are significant risks that could push inflation higher. The Washington-based financial institution said global inflationary pressures may […]

Jamaica

IMF Still Bullish On Jamaica’s Economy

The International Monetary Fund (IMF) is projecting the Jamaican economy will grow by 4.6 percent in 2021. The information is contained in the IMF’s World Economic Outlook released a week ago. Overall, Latin America and the Caribbean are expected to record economic growth of 6.3 percent this year. Yvad Billings, Readers Bureau, Contributor Edited by Jesus Chan Do you want […]