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The International Monetary Fund sees further slowdown hitting global economic growth in 2022, IMF spokesperson Gerry Rice said on Thursday in Washington, DC, following moves by the World Bank and OECD to cut their own forecasts. IMF

The Food and Agriculture Organization’s (FAO’s) Chief Economist, Maximo Torero, expressed concerns that if countrries don't have “significant access to fertilizers” this year, in 2023 yields will go down, which could mean “an increase of around 18 million more people chronically undernourished.” UNIFEED

As the G7 meets, the IMF is working to secure emergency funding to help Ukraine while it is fending off a Russian invasion, Fund spokesman Gerry Rice said Thursday in Washington, DC. IMF

The IMF sees a challenging economic outlook for Africa due to the war in Ukraine and lingering impact of pandemic, but there are reasons to be optimistic as well, Africa Department Director Abe Selassie told reporters in Washington on Thursday. IMF

The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects for the Middle East and Central Asia, announced the IMF on Wednesday. IMF

The War in Ukraine, higher inflation, tighter financial conditions, economic decelerations of key trading partners, and social discontent may dim growth prospects for Latin America, the International Monetary Fund (IMF) announced Tuesday. IMF

The impact of the Russian invasion of Ukraine is having a severe negative impact on the economic prospects for Europe, the IMF said Friday in Washington, DC. IMF

The US Federal Reserve chairman Jerome Powell signaled a half-point rate hike is in the cards soon to combat inflation. IMF

The new Chair of the International Monetary and Financial Committee (IMFC) issued a statement recognizing that Russia’s war against Ukraine has massive humanitarian consequences and detrimental repercussions for the global economy. IMF

World Bank Group President David Malpass said the international community needs to “take important steps to address the current set of crises” facing the global economy, including the war in Ukraine, the ongoing pandemic, and rising debt burdens. WORLD BANK