After a year of subdued economic performance, growth in Asia is set to pick up this year driven largely by continued robust domestic demand, says the IMF in its latest Regional Economic Outlook, which predicts growth will reach about 5¾ percent. IMF
The IMF said Thursday that the agreement reached this week with Cyprus is unique. The IMF also announced a new mission to Egypt. IMF
In its bi-weekly briefing, the IMF welcomed the Eurogroup's approval of a payout of 49.1 billion euros to Greece and said that Prime Minister Monti has put Italy on the path to growth. It also said no new Executive Board date has been set for a discussion of a programme with Egypt. IMF
The International Monetary Fund today said that with solid agreements in place between the IMF, Greece, and the European authorities, the next step is for all parties to follow through on their commitments. The IMF also said that the Ukraine has expressed interest in a program, but discussions with Hungary are not progressing. IMF
The twin fears over the future of the Eurozone and the danger of theUnited Statesdropping over the fiscal cliff continue to put pressure on global growth. Confidence is further hit by a loss of momentum in key emerging and developing economies, according to an IMF report on the world economic outlook. IMF
In two reports released Thursday, the IMF says that countries battling high public debt must combine policies that support economic growth with lasting changes in spending and taxation. In the second report, the IMF says that emerging markets should continue to extend the solid growth they’ve shown over the last decade. IMF
The three Panel's Co-Chairs, President Ellen Johnson Sirleaf of Liberia, Prime Minister David Cameron of theUnited Kingdom and President Susilo Bambang Yudhoyono of Indonesia briefed the media immediately following the first meeting of the Secretary-General's High-level Panel of Eminent Persons on the Post-2015 Development Agenda. UNTV
Releasing the conclusions of its annual survey of the UK economy today, the International Monetary Fund (IMF) tells UK policymakers they may need to adopt further credit easing measures and slowing the pace of fiscal tightening to avoid permanently damaging the long-run capacity of their economy. IMF
The IMF confirmed today (12 July) a new mission will go to Athens on 24 July and that Spain has taken difficult but appropriate actions to resolve its financial crisis. IMF
Secretary-General Ban Ki-moon presented a proposed budget of nearly $5.2 billion for the United Nations to carry out the important work that Member States have entrusted to it in areas ranging from peace and security to human rights and development over the next two years. UNTV