International Monetary Fund
Recent News About International Monetary Fund
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IMF reaches agreement with Barbados on economic recovery program
An International Monetary Fund (IMF) team, led by Michael Perks, concluded a visit to Barbados on November 6, following discussions with the Barbadian government.
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IMF reaches agreement on second review of credit facility for The Gambia
An International Monetary Fund (IMF) team, led by Ms.
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IMF expands board with third African chair after regular election
IMF member countries have elected an expanded Executive Board, now comprising 25 Executive Directors.
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IMF concludes Article IV consultation with Mexico amid economic slowdown
On October 30, the Executive Board of the International Monetary Fund (IMF) completed its Article IV consultation and mid-term review under the Flexible Credit Line (FCL) Arrangement with Mexico.
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IMF approves extended credit facility for Sierra Leone amid ongoing economic challenges
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation with Sierra Leone and approved a new 38-month arrangement under the Extended Credit Facility (ECF).
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IMF staff reach agreement on second review of Somalia's Extended Credit Facility
A team from the International Monetary Fund (IMF), led by Laura Jaramillo, has completed discussions with Somali authorities regarding the 2024 Article IV consultation.
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IMF approves funding to support Kenya's economic stability amidst fiscal challenges
The International Monetary Fund (IMF) Executive Board has completed the seventh and eighth reviews under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, as well as a review under the Resilience and Sustainability...
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IMF releases findings from its latest Financial Access Survey
The International Monetary Fund (IMF) has published the results of its 2024 Financial Access Survey (FAS), coinciding with the survey's 15th anniversary.
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Paraguay joins IMF's Special Data Dissemination Standard
On October 28, Paraguay joined the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS), becoming the 49th country to do so.
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IMF announces upcoming staff visit to Romania for economic assessment
Today, the International Monetary Fund (IMF) announced that an IMF mission will be visiting Bucharest from November 5 to November 8, 2024.
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IMFC discusses global economy amid conflicts at fiftieth meeting
In Washington, D.C., on October 24 and 25, the Fiftieth Meeting of the International Monetary and Financial Committee (IMFC) convened to discuss global macroeconomic challenges.
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IMF projects steady growth for Sub-Saharan Africa amid reform challenges
Sub-Saharan Africa's economic growth is expected to remain at 3.6 percent in 2024, according to the International Monetary Fund's (IMF) latest Regional Economic Outlook for the region.
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IMF reports subdued growth in sub-Saharan Africa amid reform challenges
On October 25, 2024, the International Monetary Fund (IMF) released its Regional Economic Outlook for sub-Saharan Africa.
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Chair addresses key challenges at IMF-World Bank annual meetings
On October 25, 2024, the Chair of the Boards of Governors addressed the plenary session of the International Monetary Fund (IMF) and World Bank Group's annual meetings.
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IMF's Georgieva to speak at 2024 annual meetings plenary
Annual Meetings Chairman Ahmed Munawar, Chairperson and Governor of the Maldives Monetary Authority, World Bank Group President Ajay Banga, and Managing Director of the International Monetary Fund Kristalina Georgieva are set to speak at the plenary session of the Annual Meetings in Washington D.C. on October 25th.
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Global Sovereign Debt Roundtable evaluates progress on debt restructuring
The Global Sovereign Debt Roundtable (GSDR) convened in Washington, DC, on October 23, 2024, to evaluate progress in enhancing debt restructuring processes and timelines. The meeting also focused on addressing debt vulnerabilities and identifying priority areas for future work.
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Global economic outlook focus of ninth high-level RFA dialogue
The ninth High-level Regional Financing Arrangements (RFAs) Dialogue took place on October 23, 2024, in Washington, DC. The meeting occurred amid a global economic outlook that is improving yet remains fragile due to a complex geoeconomic environment and policy uncertainty. Recent volatility in global financial markets highlighted the necessity of a robust Global Financial Safety Net, which includes collaboration between the International Monetary Fund (IMF) and RFAs.
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Report outlines pathways for coordinated global climate action
Five international organizations have released a comprehensive report aimed at promoting coordinated approaches to climate action, carbon pricing, and addressing policy spillovers. The Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers presented the report titled "Working Together for Better Climate Action: Carbon Pricing, Policy Spillovers, and Global Climate Goals" on October 23 in Washington, DC. This task force was convened by the World Trade Organization (WTO) and included contributions from the International Monetary Fund (IMF), the Organization...
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IMF reaches staff-level agreement on reviews of Rwanda's financial arrangements
From October 7 to October 20, 2024, an International Monetary Fund (IMF) team led by Ruben Atoyan engaged in discussions with Rwandan authorities regarding the nation's policy priorities and reform progress. These discussions took place within the framework of the fourth reviews of Rwanda’s Policy Coordination Instrument (PCI) and Resilience and Sustainability Facility (RSF), along with the second review of the Stand-by Credit Facility (SCF) arrangement. The IMF Executive Board is expected to consider these reviews in December 2024. Following this review, Rwanda may access...
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African Caucus meeting discusses strategies for strengthening Africa's economic resilience
On October 22, 2024, Mr. Wale Edun, Nigeria’s Minister of Finance and Chair of the African Caucus, alongside Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), released a statement following the conclusion of an African Caucus meeting in Washington, DC.