There is an exodus of finance from the third world at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of...
A Survey by the IMF staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview as well as more detailed analysis of the...
THE security concerns of Russia arising from Ukraine’s intentions of joining NATO have been widely discussed in the media. But the IMF’s link with Ukraine which is a parallel issue has scarcely received much attention. The IMF, as is...
The International Monetary Fund's Managing Director, Kristalina Georgieva, said IMF will lower its 2023 growth forecast, the fourth downward revision this year, as it was set to bring out its World Economic Outlook. The chief had already said that...
THE International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded...
THE Covid-19 crisis has seen a very different response from the advanced countries compared to the third world countries. The former have unrolled substantial fiscal packages for rescue and recovery while the latter have been trapped in fiscal austerity....
The war in Ukraine comes at a time when some countries are moving past the acute phase of the pandemic and the global economy is just recovering—although COVID-19 deaths remain high, and cases are growing again in many regions....
The global economic growth forecast indicates a decrease from around 3.5 percent in 2022 to 3.0 percent for both 2023 and 2024, according to IMF. Although the 2023 projection is slightly improved compared to earlier predictions, it remains weak....
