Economics News

Economics

IMF reaches staff-level agreement with Egypt on extended fund facility review

The International Monetary Fund (IMF) has reached a staff-level agreement with Egyptian authorities on the fourth review under the Extended Fund Facility (EFF) arrangement.

Economics

Hispanic Business Council: 'Discouraged by the politicization and exploitation present' in Teamster's protests

Javier Palomarez, President and CEO of the United States Hispanic Business Council (USHBC), has described the Teamsters' efforts to organize protests against Amazon as a "publicity stunt," claiming they primarily involve paid protesters.

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Economics

Source: Teamsters' Amazon employee "walk-out" was a "total dud"

A Teamsters-led "walk out" of Amazon Fulfillment Center employees on Dec. 19 managed to attract just tens of employees, not the "thousands" promised by the union.


Economics

Bybit to disable logins for Malaysian users starting December 24

Bybit announced that it will disable all logins for users in Malaysia starting December 24, 2024, in compliance with recent regulatory changes.


Economics

IMF concludes reviews of Paraguay's policy consultation instrument and resilience facility

The International Monetary Fund (IMF) Executive Board has concluded its fourth review under the Policy Consultation Instrument (PCI) arrangement and the second review under the Resilience and Sustainability Facility (RSF) arrangement for Paraguay.


Economics

IMF concludes Article IV consultation with Kosovo

The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV Consultation and the Third Reviews under the Stand-By Arrangement (SBA) and Resilience and Sustainability Facility (RSF) with Kosovo.


Economics

IMF sets new general resources account access limits

The International Monetary Fund (IMF) Executive Board has completed its 2024 Comprehensive Review of the General Resources Account (GRA) Access Limits.


Economics

IMF assesses Australia's economy amid slow growth and inflation concerns

The International Monetary Fund (IMF) Executive Board has concluded its Article IV consultation with Australia, endorsing the staff appraisal without a meeting on a lapse-of-time basis.


Economics

IMF reviews The Gambia's extended credit facility amid strengthening economic recovery

The International Monetary Fund (IMF) Executive Board has completed the second review of The Gambia's Extended Credit Facility (ECF).


Economics

EU-Switzerland deal updates sectoral participation in Single Market

The European Union and Switzerland have reached a consensus on a set of agreements that facilitate Swiss companies' involvement in the Single Market.


Economics

IMF approves sixth review of extended fund facility for Ukraine

The International Monetary Fund (IMF) Executive Board has completed the sixth review of Ukraine's Extended Fund Facility (EFF), allowing the country to access an additional US$1.1 billion.


Economics

IMF completes first review under ECF arrangement for Togo

The International Monetary Fund (IMF) Executive Board has completed the first review of Togo's Extended Credit Facility (ECF) arrangement, enabling an immediate disbursement of SDR 44.0 million, approximately US$ 58.7 million, for budget support.


Economics

BlackRock Foundation supports economic mobility in underserved rural communities

The BlackRock Foundation has announced a $1.5 million grant over two years to Partners for Rural Impact (PRI), a national organization focused on improving outcomes for children and youth in rural communities across the United States.


Economics

IMF completes second review under credit facility for Burkina Faso

The Executive Board of the International Monetary Fund (IMF) has completed its second review under the Extended Credit Facility (ECF) arrangement for Burkina Faso.


Economics

IMF concludes Article IV consultation with Philippines; highlights economic prospects

The International Monetary Fund (IMF) Executive Board has concluded its 2024 Article IV consultation with the Philippines.


Economics

IMF approves $24M credit facility for São Tomé & Príncipe

The International Monetary Fund (IMF) Executive Board has approved a 40-month Extended Credit Facility (ECF) arrangement for São Tomé and Príncipe, totaling SDR 18.5 million, approximately US$24 million.


Economics

U.S GDP grows at annual rate of 3% in Q3 amid rising exports

The U.S. Bureau of Economic Analysis reported that the real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024.


Economics

IMF reaches preliminary deal with El Salvador for $1.4 billion extended fund facility

An International Monetary Fund (IMF) staff team has reached a staff-level agreement with El Salvador on a 40-month extended arrangement under the Extended Fund Facility (EFF).


Economics

G20 Data Gaps Initiative progresses with focus on climate change

The International Monetary Fund (IMF) has released the Second Progress Report on the Third Phase of the G20 Data Gaps Initiative (DGI-3), as announced by the Inter-Agency Group on Economic and Financial Statistics (IAG) and the Financial Stability...


Economics

IMF completes reviews with Mauritania; approves fund disbursements

The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation with Mauritania, alongside completing the third reviews of the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as the...