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The IMF announced that global growth is expected to slow from 3.4 percent in 2022 to 2.9 percent in 2023 in a press briefing held in Singapore to mark the launch of the January update of the World Economic Outlook report. IMF

The IMF Managing Director Kristalina Georgieva visited Rwanda this week, and met with President Kagame and his senior officials to discuss the country’s economic outlook. IMF

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded on Tuesday her visit to Zambia, where she met with students at the University of Zambia in Lusaka as well as opening an IMF office in the African country’s capital. IMF

The International Monetary Fund stands ready to support Egyptian authorities’ economic reforms and efforts to tame inflation, Fund Mission Chief for Egypt Ivanna Vladkova Hollar said in a news conference on Tuesday in Washington, DC. IMF

The IMF Executive Board completed the Fourth reviews of the Extended Fund Facility and Extended Credit Facility arrangements with Kenya, providing the country with access to about (USD) 447.9 million. IMF

Ecuador’s Minister of Finance Pablo Arosemena visited IMF Headquarters. He met with the Managing Director, Kristalina Georgieva, to celebrate Ecuador’s completion of the Extended Fund Facility-supported program – the first completion in two decades. IMF

King Felipe VI of Spain visited IMF Headquarters in Washington today. The IMF’s Managing Director, Kristalina Georgieva, along with First Deputy Managing Director Gita Gopinath and Deputy Managing Director Antoinette Sayeh welcomed him and hosted a lunch in his honor. IMF

The Executive Board of the International Monetary Fund (IMF) approved today a disbursement of US$ 88.327 million (SDR 69.40 million) to Malawi under the new Food Shock Window of the Rapid Credit Facility. IMF

In observance of United Nations Day this year, the world body’s top officials in Somalia took the opportunity to underscore its commitment and close collaboration in supporting the country’s people and government in a range of strategic areas. UNSOM

The World Bank said that the shrinking value of currencies in most developing economies is driving increased food and fuel prices that threaten to exacerbate global food and energy crises. WORLD BANK