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The International Monetary Fund (IMF) has announced an "immediate disbursement" of a loan tranche worth around $1.1 billion to Pakistan to help stabilize crumbling economy of the South Asian country. The decision came late Monday after the IMF Executive Board completed the second review under the Stand-By Arrangement (SBA) to complete a total loan of $ 3 billion agreed under a deal last year. However, the global lender underlined the need for concentrated efforts for sustainable recovery. "To move Pakistan from stabilization to a strong and sustainable recovery the authorities need to continue...
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The head of the International Monetary Fund (IMF), Kristalina Georgieva, has called on Europe to be more innovative. Especially in comparison to the United States, Europe is lagging behind, Georgieva said on Thursday at the IMF and World Bank spring meetings in Washington. There is a power of innovation in the US, she said. It is easy there to turn this into a business and ultimately realize it on a larger scale. Europe, on the other hand, still has a lot to do to unleash the power of innovation, she said. Georgieva cited the different prices for patents as an example. According to Georgieva, ...
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Global growth is forecast to edge up to 3.2% in 2024, the International Monetary Fund (IMF) said on Tuesday, slightly upwardly revising its January prediction of 3.1%. The IMF is forecasting growth of 3.2% in 2025. The world economy has been buffeted by challenges in recent years, from pandemic-related supply chain disruptions and soaring food and energy prices, to tight monetary policy aimed at curbing inflation. The IMF noted that, in general, the fear of both prices and wages being pushed up at an uncontrolled pace - referred to by economists as a wage-price spiral - has not materialized. T...
DPA Breaking News
Global growth is forecast to edge up to 3.2% in 2024, the International Monetary Fund (IMF) said on Tuesday, slightly upwardly revising its January prediction of 3.1%. The IMF is forecasting growth of 3.2% in 2025. The world economy has been buffeted by challenges in recent years, from pandemic-related supply chain disruptions and soaring food and energy prices, to tight monetary policy aimed at curbing inflation. The IMF noted that, in general, the fear of both prices and wages being pushed up at an uncontrolled pace - referred to by economists as a wage-price spiral - has not materialized. T...
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Global growth is forecast to edge up to 3.2% in 2024, the IMF says, a slight upward revision from the 3.1% projected in January.
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The IMF revises down Germany's economic growth in 2024 to 0.2%, after projecting a 0.5% rise in its January forecast.
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The International Monetary Fund (IMF) has revised down Germany's economic growth in 2024 to 0.2%, after projecting a 0.5% rise in its January forecast. Europe's biggest economy is predicted to have the weakest growth of all G7 industrialized nations for the current year, according to the forecast published on Tuesday. For 2025, the IMF expects the German economy to grow by 1.3%. The fund said this is due to persistently weak consumer sentiment. In the long term, the IMF's main concerns for Germany are structural problems such as the decline in the working population and obstacles to investment...
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Global growth is forecast to edge up to 3.2% in 2024, the International Monetary Fund (IMF) said, a slight upward revision from the 3.1% projected in January. The IMF is forecasting growth of 3.2% in 2025. The world economy has been buffeted by challenges in recent years, from pandemic-related supply-chain disruptions and soaring food and energy prices, to tight monetary policy aimed at curbing inflation. The IMF noted that, in general, the fear of both prices and wages being pushed up at an uncontrolled pace - referred to by economists as a wage-price spiral - has not been seen. Still, while ...
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Kristalina Georgieva will lead the International Monetary Fund (IMF) for another five years, the fund's headquarters in Washington announced on Saturday. Georgieva, 70, who has been at the organization's helm since 2019, said in a statement that she was "honoured to continue to lead the IMF as managing director." Her current term of office ends in the autumn. Georgieva, who hails from Bulgaria, was the only candidate in the selection process. Traditionally, Europeans occupy the top post at the IMF, while the United States appoints the leadership of the World Bank. Both organizations were set u...
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Global economic activity is weak by historical standards with a slowdown in productivity the main cause, International Monetary Fund head Kristalina Georgieva said in Washington on Thursday, describing this as a "sobering reality." Listing the main difficulties facing the global economy, Georgieva said: "Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up, posing a major challenge to public finances in many countries." She put global growth at a little above 3% and noted concerns, including geopolitical tensions that were increasing the risks of economic fragment...
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