Tag Archives: IMF

First Deputy Managing Director of the International Monetary Fund, Jeffrey Okamoto, expected that the global economy would lose about 15 trillion dollars from 2020 to 2024 due to the Coronavirus pandemic. According to an article published on the IMF’s website, Okamoto said that since March 2020, governments have spent $16 …

After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …

Chief Economist at the International Monetary Fund (IMF), Gita Gopinath, said on Tuesday that the growing public debt in the United States, due to increased spending is not a sign for major concern, Reuters reported. Gopinath told reporters that the U.S. is in a better position to deal with the …

Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF). The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery. The IMF expects the global economy will grow …

The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …

The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …

The International Monetary Fund has said it is launching a new approach to assessing debt sustainability for countries that are able to access financial markets with the goal of predicting the risks of financial crises more accurately and improving transparency. Fund officials said that it is expected to activate an …

In its latest World Economic Outlook report, the International Monetary Fund (IMF) revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in October’s publication, as reported by Reuters. “IMF forecasts 2020 global economic contraction at 3.5% vs. October forecast of 4.4% contraction, cites stronger-than-expected momentum in …

The global economy’s outlook remains uncertain to a large extent due to the Coronavirus pandemic, according to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, Reuters reported. The IMF is reportedly making new allocations of Special Drawing Rights (SDRs) to help poor and developing countries address the …

The International Monetary Fund (IMF) has called upon countries to maintain support for economies amid the complications and risks resulting from the Coronavirus pandemic.  “The global economy is at a critical juncture,” said the IMF spokesman Gerry Rice, Reuters reported.“There remains a great deal of uncertainty. The prospect for a …