International Monetary Fund
Recent News About International Monetary Fund
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G-24 addresses global economic concerns amid geopolitical tensions
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) recently convened in Washington, D.C., addressing several pressing global issues. The meeting, chaired by Ralph Recto from the Philippines, focused on humanitarian crises, economic stability, and multilateral cooperation.
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IMF board approves reforms reducing borrowing costs by $1.2 billion annually
The International Monetary Fund (IMF) Executive Board has concluded its review of charges and the surcharge policy, marking the first time these elements have been jointly assessed alongside commitment fees. This review is part of ongoing efforts to ensure that the IMF's lending policies are effective in supporting member countries amid global challenges.
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Liechtenstein joins International Monetary Fund as its newest member
The Principality of Liechtenstein has officially joined the International Monetary Fund (IMF) as its 191st member. The membership was formalized when Prime Minister Daniel Risch signed the IMF's Articles of Agreement during a ceremony held in Washington, D.C., on October 21, 2024.
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IMF reaches staff-level agreement with São Tomé for extended credit facility
The International Monetary Fund (IMF) has reached a staff-level agreement with São Tomé and Príncipe on an Extended Credit Facility (ECF) arrangement. This announcement follows discussions led by Slavi Slavov, the IMF Mission Chief for São Tomé and Príncipe, who visited the country from May 23 to June 5, 2024, and held subsequent virtual meetings.
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IMF reaches agreement with Armenia on fourth review under Stand-By Arrangement
An International Monetary Fund (IMF) team, led by Iva Petrova, conducted discussions in Yerevan from September 18 to October 1, 2024, followed by virtual meetings regarding the fourth review under the Stand-By Arrangement (SBA) with Armenia. Ms. Petrova announced that a staff-level agreement has been reached with Armenian authorities on policies for completing this review.
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IMF completes first review under extended credit facility for Ethiopia
The International Monetary Fund (IMF) Executive Board has completed the first review of Ethiopia's 48-month Extended Credit Facility (ECF) arrangement. This decision enables an immediate disbursement of approximately US$340.7 million, aiding Ethiopia in meeting its balance of payments needs. With this development, total disbursements under the arrangement have reached about US$1.363 billion.
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IMF completes fifth review of Ukraine's extended fund facility
The International Monetary Fund (IMF) Executive Board has completed the fifth review of the Extended Fund Facility (EFF) arrangement for Ukraine, allowing the nation to access US$1.1 billion for budget support. This brings total disbursements under the program to US$8.7 billion. The 48-month EFF arrangement, which was approved on March 31, 2023, provides Ukraine with SDR 11.6 billion, equivalent to US$15.5 billion or about 577 percent of its quota.
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IMF reaches staff-level agreement with Honduras after economic policy review
An International Monetary Fund (IMF) team, led by Ricardo Llaudes, visited Tegucigalpa, Honduras, from October 7 to 18, 2024. This visit was part of ongoing discussions that have been both in-person and virtual over recent months. At the conclusion of the visit, Mr. Llaudes issued a statement outlining the outcomes of their discussions.
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IMF announces discussions with Sierra Leone on new credit facility
The International Monetary Fund (IMF) has reported that it held discussions with Sierra Leonean authorities regarding a new arrangement under the Extended Credit Facility (ECF). The focus of these talks was to gain an understanding of the authorities' development objectives and identify necessary reforms to achieve macroeconomic stability and ensure debt sustainability.
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IMF announces agreement with Central African Republic
The International Monetary Fund (IMF) has declared that it has reached a staff-level agreement with the Central African Republic on the second review of the Extended Credit Facility (ECF). This agreement sets the stage for the impending approval of the second review of the ECF-supported program by the IMF Executive Board, provided certain economic policy conditions are met.
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International Monetary Fund Deputy Managing Director visits Suriname
Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued a statement this week following a three-day visit to the Republic of Suriname. During his trip, Okamura met with the republic’s president, vice president, and various officials.
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IMF: 'Executive Directors welcomed the opportunity to discuss the board paper on elements of effective policies for crypto assets'
The IMF said that its executive board recently had the opportunity to discuss the paper "Elements of Effective Policies for Crypto Assets," which addresses the risks and benefits of crypto assets
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IMF: Crypto 'concerns can be addressed by strengthening financial regulation and supervision, and by developing global standards'
The IMF's Bo Li and Nobuyasu Sugimoto recently said that global cooperation to enact targeted regulations is needed to address concerns surrounding the crypto industry.
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IMF appoints new Director of Strategic Communications: ‘Julie is well known for her strategic thinking and innovative ideas’
Kristalina Georgieva, managing director of the International Monetary Fund, recently announced the appointment of Julie Kozack as the IMF’s new director of strategic communications.
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Georgieva: Christensen named director of the Corporate Services for IMF
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has recently announced the appointment of Brian Christensen as IMF Director of Corporate Services and Facilities (CSF).
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International Monetary Fund: ‘Surging prices since late 2020 have pushed inflation steadily higher’
Everyone has felt the financial pinch as costs for pretty much everything has gone up, but according to the International Monetary Fund food and energy prices are the main forces behind the global inflation surge.
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IMF statistician: United Kingdom requirement will create 'greater understanding'
The International Monetary Fund (IMF)'s recent announcement that the United Kingdom now adheres a key transparency and openness requirement will create "greater understanding," a leading IMF statistician said in a news release
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IMF concludes consultation with Pakistan
The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] (press release to follow) and the sixth review of the extended arrangement under the Extended Fund Facility (EFF) for Pakistan.
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Consultation between France, IMF completed
The International Monetary Fund has issued the following press release:Washington, DC: On January 19, 2022 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with France.France was among the most affected European countries from the COVID crisis.
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IMF concludes Indonesia mission
An International Monetary Fund (IMF) team led by Ms. Cheng Hoon Lim conducted virtual discussions on the Indonesian economy for the 2022 Article IV Consultation from January 4 to 24, 2022.