According to press reports, a staff mission from the International Monetary Fund (IMF) recently called on the Ministry of Finance and the Central Bank in Trinidad & Tobago to remove all foreign exchange restrictions. The report noted that the IMF argues that the move will create a more investment-friendly business environment that will drive the diversification of the T&T economy. […]
The Executive Board of the International Monetary Fund (IMF), on Thursday (March 2), approved funding of approximately US$1.7 billion for Jamaica under its Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF). Under a 24-month arrangement, the country will receive US$968 million from the PLL, as insurance against risks from higher commodity prices, a global slowdown, tighter-than-envisaged global […]
The currency depreciated by more than 13 percent as the central bank introduces flexible exchange rate. Egypt’s pound weakened by more than 13 percent to a new low below 32 to the US dollar on Wednesday, losing its value by half since March as the central bank moved to a more flexible exchange rate under the terms of an International […]
WASHINGTON — World economic growth is slowing, and the prospects for a quick recovery are gloomy, the International Monetary Fund said Tuesday. The IMF said it expects growth to slow from last year’s 6.1% advance across the globe to 3.2% this year, four-tenths of a percentage point lower than it forecast in April. “A tentative recovery in 2021 has been […]
International Monetary Fund (IMF) Caribbean Member Countries are being encouraged to lead take-up of the institution’s multibillion-dollar Resilience and Sustainability Trust (RST). The RST is aimed at helping countries build resilience against external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability. Managing Director, Kristalina Georgieva, said that Caribbean countries are ideally positioned to tap into […]
Barbados Prime Minister Mia Mottley has called for a change in the operations of the World Bank. The Prime Minister has urged the World Bank to adopt a similar outlook to the International Monetary Fund (IMF) in how it treats with business in a changing global environment. Miss Mottley told a panel discussion that the World Bank is still a […]
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. […]
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 […]
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 […]
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 […]
