International Monetary Fund (IMF)

The Caucasus and Central Asia: IMF recommends

Countries in the region should use the opportunity created by the global uptick in growth and various integration initiatives to diversify their economies and reinforce growth over the longer term

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 IMF praises Georgian government's work

The International Monetary Fund (IMF) praised the first phase of the development process of a recently approved $285 million, large-scale technical assistance program of the IMF for Georgia. The program aims to support the …

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 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the …

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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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