Economics News on Globe Banner

Latest News


Economics

IMF executive board concludes third review under Jordan’s extended arrangement

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Jordan’s program supported by the Extended Fund Facility (EFF).


Economics

IMF executive board approves Moldova’s requests for arrangements under Extended Fund Facility and Extended Credit Facility

The Executive Board of the International Monetary Fund (IMF) approved Moldova’s requests for an economic reform program under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements [1] today.


Economics

Statement at the end of an IMF staff visit to Mozambique

An International Monetary Fund (IMF) staff team led by Mr. Alvaro Piris conducted discussions virtually in the context of the 2021 Article IV Consultation with Mozambique ending on December 16, 2021.


Economics

TAI Engineers, LLC 'pleased' to represent Ghenova Ingenierí in the US, India

Maritime solutions provider TAI Engineers, LLC recently agreed to serve as an exclusive representative of Ghenova Ingeniería, S.L. in the United States and India, according to a press release.


Economics

U.S. international transactions, third quarter 2021

Current-Account Deficit Widens by 8.3 Percent in Third Quarter


Economics

IMF staff completes 2021 Article IV mission to Bangladesh

An International Monetary Fund (IMF) staff team, led by Mr. Rahul Anand, visited Dhaka from December 5-19 to hold discussions on the 2021 Article IV Consultation with Bangladesh.


Economics

IMF executive board completes the 2021 Article IV consultation and second reviews of the Extended Arrangement under the EFF and ECF Arrangements for Kenya

The Executive Board of the International Monetary Fund (IMF) completed today the 2021 Article IV Consultation [1] and the Second reviews of the 38-month Extended Arrangement under the Extended Fund Facility (EFF) and 38-month arrangement under Extended Credit Facility (ECF) for Kenya.


Economics

Georgieva suggests vaccines might ease inflation; 'need to reach the targets'

In the wake of the COVID-19 pandemic, the world economy finds itself on shaky ground, with inflation gripping many nations.


Economics

Personal income by state, 3rd quarter 2021

State personal income increased 2.6 percent at an annual rate in the third quarter of 2021 after decreasing 20.2 percent in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA) (table 1).


Economics

IMF executive board completes first review under the Extended Credit Facility arrangement and approves US$212.3 million disbursement for the Democratic Republic

On December 15, 2021, the Executive Board of the International Monetary Fund (IMF) completed the first review of the arrangement under the Extended Credit Facility (ECF) for the Democratic Republic of the Congo (DRC).


Economics

IMF executive board concludes 2021 Article IV consultation and sixth review under the IMF’s extended arrangement for Barbados

On December 15, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Barbados.


Economics

'We can see a warm future': Oil executives, energy officials discuss future of alternative fuels

The 23rd World Petroleum Conference kicked off Dec. 6 in Houston, with almost 5,000 people from 70 countries in attendance, according to World Oil magazine.


Economics

White House reassures oil industry: Administration has 'heard you loud and clear'

A bipartisan group of lawmakers from the House of Representatives recently sent a letter to Pres. Joe Biden asking him not to ban the export of oil from the United States.


Economics

IMF executive board concludes 2021 Article IV consultation with the Republic of Malawi

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Republic of Malawi on December 13, 2021.


Economics

IMF staff completes mission for the first review of the Extended Fund Facility for the Republic of Gabon

An International Monetary Fund (IMF) staff team led by Mr. Boileau Loko visited Gabon from December 8 to 14, 2021 to conduct discussions on the first review of Gabon’s extended arrangement under the Extended Fund Facility (EFF), which was approved in July 2021.


Economics

Consumer prices and core inflation rising at alarming rate

The U.S. Bureau of Labor Statistics has announced that the year over year producer price index reached record marks in November.


Economics

IMF executive board approves new Extended Credit Facility (ECF) arrangement for Chad

The Executive Board of the International Monetary Fund (IMF) approved a 36-month arrangement under the Extended Credit Facility (ECF) in an amount equivalent to SDR 392.56 million (about US$570.75 million or 280 percent of quota), to help meet Chad’s large balance-of-payments and budgetary needs, including by catalyzing financial support from official donors.


Economics

Real personal consumption expenditures and personal income by state, 2020

Today, the U.S. Bureau of Economic Analysis (BEA) released official statistics of real state personal consumption expenditures (PCE) for the first time.


Economics

IMF staff completes mission for the second review of a staff-monitored program to Guinea Bissau

An International Monetary Fund (IMF) staff team, led by Mr. Jose Gijon, held virtual and on-site meetings with the authorities, from November 30 to December 13, 2021, to conduct the second review of the 9-month Staff-Monitored Program (SMP).


Economics

U.S. regulators clear path for Canadian Pacific railroad to acquire Kansas City Southern

Federal regulating officials recently greenlighted Canadian Pacific's acquisition of Kansas City Southern railroad.