Latest News
Surging energy prices may not ease until next year
By Andrea Pescatori | Oct 26, 2021
Soaring natural gas prices are rippling through global energy markets—and other economic sectors from factories to utilities.
IMF executive board approves a US$76 million disbursement under the Rapid Credit Facility to Burundi to address the COVID-19 pandemic
By Eva Graf | Oct 26, 2021
The Executive Board of the International Monetary Fund (IMF) approved a disbursement of SDR 53.9 million (35 percent of quota, about US$76.2 million) under the Rapid Credit Facility (RCF).
Barrell Craft Spirits looks for 'future growth' in Australia with new release
By Trina Thomas | Oct 23, 2021
Stellum Spirits will make its presence known in Australia with inaugural bourbon and rye expressions followed with single barrel releases later this year, a press release said.
Global suppliers face problems after pandemic disrupts supply chain 'at every corner'
By Ariana Chiarenza | Oct 23, 2021
Global suppliers continue to face problems while demands steadily increase due to the rattling of supply chains during the ongoing COVID-19 pandemic.
IMF staff concludes visit to Serbia
By Raphael Anspach | Oct 22, 2021
An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, held virtual and in-person meetings with the Serbian authorities during October 11 – 22, 2021, to discuss progress under the PCI.
Shirin Hamid to become the IMF’s Chief Information Officer and Director of the Information and Technology Department
By Alistair Thomson | Oct 21, 2021
Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Ms. Shirin Hamid as Chief Information Officer (CIO) and Director of the Information Technology Department (ITD). Ms. Hamid’s selection was the outcome of an internationally competitive process.
Sub-Saharan Africa: One planet, two worlds, three stories
By Press Release | Oct 21, 2021
Sub-Saharan Africa’s economy is set to recover in 2021 – a marked improvement over the extraordinary contraction of 2020. This rebound is most welcome and primarily results from a favorable external environment, including a sharp improvement in trade and commodity prices.
IMF staff concludes virtual visit to Uganda
By Andrew Kanyegirire | Oct 20, 2021
A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted a virtual mission to Uganda from September 27 to October 14, 2021 to discuss the economic outlook, the budget strategy for FY2021/22, and progress with the implementation of reforms under the Extended Credit Facility (ECF) - supported program.
Platform for Collaboration on Tax strengthened support to countries during the COVID-19 pandemic
By Eva Graf | Oct 20, 2021
The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and the World Bank – enhanced its support to countries in the area of domestic resource mobilization during the COVID-19 pandemic, according to the PCT Progress Report 2021.
IMF Chief Economist Gita Gopinath to return to Harvard University
By Raphael Anspach | Oct 20, 2021
International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced today that Gita Gopinath, the Fund’s Chief Economist and Director of the Research Department, intends to leave the Fund in January 2022 and return to Harvard University’s Economics Department as planned when her public service leave ends.
IMF team and Ukraine’s authorities reach staff-level agreement on the first review of the stand-by arrangement
By Raphael Anspach | Oct 18, 2021
An International Monetary Fund staff team led by Ms. Ivanna Vladkova Hollar conducted remote discussions with the Ukrainian authorities on the country’s Stand-By Arrangement from September 21 to October 18.
IMF staff completes virtual mission to Lesotho
By Andrew Kanyegirire | Oct 18, 2021
A team from the International Monetary Fund (IMF), led by Mr. Aqib Aslam, conducted a series of virtual missions, most recently from September 7 to October 15, 2021, to discuss the authorities’ economic and financial program and their request for IMF financial support.
'It's a big problem' – Consultant says rising energy prices will narrow profit margins
By Trina Thomas | Oct 17, 2021
IMA Asia Managing Director Richard Martin told CNBC that rising energy prices will create a surge in business costs and narrow profit margins for companies around the globe.
IEA warns that energy crisis may impact global economic recovery
By Art Benavidez | Oct 17, 2021
A Paris-based autonomous intergovernmental organization has provided a dire forecast regarding a potential energy crisis.
IMF Executive Board concludes 2021 Article IV Consultation with India
By Ting Yan | Oct 15, 2021
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with India.
Supporting food security in Sub-Saharan Africa amid the COVID-19 pandemic and climate change
By Press Release | Oct 15, 2021
Sub-Saharan Africa is highly vulnerable to climate change, with a marked increase in the frequency and intensity of natural disasters threatening food security in the region due to the heavy reliance on rain-fed agriculture, and weak infrastructure and institutions.
Huaxing Growth Capital 'grateful' to complete close of USD Fund IV
By Emily Bevard | Oct 15, 2021
China Renaissance's Huaxing Growth Capital completed the first close of its USD Fund IV, according to a release Oct. 7.
McLaren Strategic Ventures secures partnership with Redington Value
By John Kelly | Oct 14, 2021
McLaren Strategic Ventures has secured a partnership with Redington Value to help small-to-medium sized businesses in the Middle East, North Africa and Turkey in their transition to the digital economy.
World Bank Group president urges global pandemic recovery efforts: 'Progress on poverty has been set back by years'
By Savannah Howe | Oct 14, 2021
On Wednesday, Oct. 13, the World Bank Group (WBG) held the opening press conference to its 2021 Annual Meetings Week, where WBG President David Malpass outlined the group's current priorities: reducing debt in low-income countries, COVID-19 vaccine distribution and climate change.
U.S. residents' liabilities abroad grow more than their assets in second quarter of 2021
By David Beasley | Oct 12, 2021
The difference between the amount U.S. residents hold in foreign financial assets and the amount of foreign liabilities they have increased in the second quarter of 2021, with liabilities growing more than assets, The U.S. Bureau of Economic Analysis reported.