Latest News
IMF releases the 2021 Financial Access Survey results
By David Sharrock | Nov 2, 2021
On November 1st, 2021, the International Monetary Fund released the results of the twelfth annual Financial Access Survey (FAS). [1] The survey results reveal considerable expansion in the usage of digital financial services during the pandemic, while the usage of traditional financial services remained stable.
Personal income and outlays, September 2021
By Press Release | Oct 29, 2021
Personal income decreased $216.2 billion (1.0 percent) in September according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $236.9 billion (1.3 percent) and personal consumption expenditures (PCE) increased $93.4 billion (0.6 percent).
IMF management approves a Staff-Monitored Program for the union of the Comoros
By Andrew Kanyegirire | Oct 29, 2021
On September 29, 2021, the Management of the International Monetary Fund (IMF) approved a Staff-Monitored Program (SMP) for Comoros for the period July - December 2021.
World Bank Online: Global Wealth Has Grown, But at the Expense of Future Prosperity: World Bank
By 'Online Media Briefing Center' via News GlobeBanner | Oct 29, 2021
In the case of an embargo break, the reporter and their organization will be denied access to the Online Media Briefing Center for six months.
Gross Domestic Product, third quarter 2021 (advance estimate)
By Press Release | Oct 28, 2021
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the third quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 6.7 percent.
Joint action needed to secure the recovery
By Press Release | Oct 28, 2021
G20 should lead in sharing vaccine doses, helping developing countries financially, and committing to reaching net-zero carbon emissions by mid-century.
IMF team and the authorities from the Democratic Republic of Congo reach staff-level agreement on the first review under the Extended Credit Facility
By Meera Louis | Oct 27, 2021
An International Monetary (IMF) team, led by Ms. Mercedes Vera Martin, conducted virtual discussions (October 4-13) and meetings with the authorities in Kinshasa during October 20-27, on the first review under the three-year arrangement under the Extended Credit Facility (ECF).
IMF pulls back economic growth outlook for Asia
By David Hutton | Oct 26, 2021
As storm clouds gather amid supply chain worries and the potential for a new wave of COVID-19 infections, the International Monetary Fund is reining in its economic growth forecast for Asia.
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.