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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...


Economics

IMF completes eighth review of Suriname's Extended Fund Facility

The International Monetary Fund (IMF) Executive Board has completed the 2024 Article IV consultation and the eighth review under the Extended Fund Facility (EFF) arrangement for Suriname.


Economics

IMF concludes reviews with Barbados under EFF and RSF arrangements

The International Monetary Fund (IMF) Executive Board has concluded the Fourth Reviews of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements with Barbados.


Economics

IMF reaches agreement on third review of Bangladesh's credit facilities

An International Monetary Fund (IMF) staff team, led by Chris Papageorgiou, concluded its visit to Dhaka, Bangladesh on December 18, 2024.


Economics

Coinbase CEO: 'Crypto is the only payment rail that checks all three boxes'

Brian Armstrong, co-founder and CEO of Coinbase, has emphasized the efficiency of cryptocurrency as a payment method, citing its speed, cost-effectiveness, and global reach.


Economics

IMF completes sixth reviews under ECF/EFF programs for Moldova

The International Monetary Fund (IMF) Executive Board has completed the sixth reviews under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), along with the second review under the Resilience and Sustainability Facility (RSF)...


Economics

IMF concludes Article IV consultation with Timor-Leste amid changing economic conditions

The Executive Board of the International Monetary Fund (IMF) concluded its 2024 Article IV consultation with Timor-Leste on December 10, 2024.