International Monetary Fund (IMF)

IMF Regional Director holds talks in Georgia

Today, Deputy Prime Minister of Georgia, Finance Minister Dmitry Kumsishvili is holding a meeting with the IMF Director of the Middle East and Central Asia Department, Jihad Azour. The leaders discuss ‘’the fund's …

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IMF Regional Director to visit Baku on September 13

The IMF Director of the Middle East and Central Asia department, which includes Azerbaijan, Jihad Azour will pay a one-day visit to Baku on September 13. Azour’s first visit to Azerbaijan will be of a awareness-raising nature, the …

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IMF lowers forecast on Russia's government debt

The International Monetary Fund (IMF) has lowered the forecast on Russia's government debt against GDP in 2017 by 2,3 percentage points, to 17,1%. At the same time, it's specified that the forecast for 2018 is lowered by 3,3 …

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IMF improves outlook for Russia's economic growth

The International Monetary Fund revised upward its outlook for Russia. The IMF now expects the Russian economy will grow by 1.4% in each of 2017 and 2018, informed sources in the Fund said. Such figures are in the new forecasting and …

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IMF allocates $285.3 million to Georgia for reforms

Georgia will get $285.3 million in the next three years from the International Monetary Fund (IMF) to carry out a package of economic reforms in the country. "The IMF Executive Board approved a three-year extended arrangement under …

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IMF draws attention to developing Islamic Banking

Islamic Banking has a presence in 60 countries. The industry mushroomed to more than $1.5 trillion in assets last year from about $100 billion in the late 1990s. While it represents less than 2% of global banking assets, its share is …

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IMF: inequalities trigger economic crisis

The middle class is gradually growing at a global level, but it is in crisis in developed countries, the managing director of the International Monetary Fund (IMF), Christine Lagarde, said at the World …

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IMF: Russia has to raise retirement age

Russia should raise the retirement age in order to maintain adequate pensions, first deputy managing director of the International Monetary Fund (IMF) David Lipton advised.  According to him, private pension …

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Erdogan: Turkey does not need loans from IMF

The development of the region depends on Turkey's achievements, President Recep Tayyip Erdogan said. According to the Turkish leader, Ankara is responsible for the development of the …

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IMF advises Turkmenistan to adjust economic policy

The International Monetary Fund (IMF) issued a press release, which notes that the expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan. "Priority areas …

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 IMF improves Russia's economy outlook

Russia's gross domestic product is now seen falling 0.8% in 2016 before growing 1.1% in 2017, the IMF said. In the previous semi-annual report in April, the Fund had predicted GDP would shrink by 1.8% this year and grow by 0.8% next year. …

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IMF improves inflation outlook in Azerbaijan

The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2 and 8.5 percent, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at …

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