International Monetary Fund (IMF)

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IMF to offer $40 million to Georgia

Georgia will get about $40 million from the International Monetary Fund (IMF) after the fourth review of the Extended Fund Facility (EFF) programme is finalised. After the fourth review the amount of money allocated for Georgia will …

IMF forecasts 4.6% economic growth in Georgia

The International Monetary Fund said that Georgia's economic growth is projected to reach 4.6% in 2019. An IMF team led by Mercedes Vera-Martin visited Tbilisi on February 20-26 to discuss recent economic and …

Ankara: Turkey does not need to borrow from IMF

Turkey's Finance Ministry said that it is "very clear" that Turkey does not need to borrow from the International Monetary Fund (IMF), given the country’s current economic performance. "It has been stated …

IMF worsens Russia’s 2019–2020 GDP growth forecasts

The International Monetary Fund has worsened its Russia’s 2010 gross domestic product growth forecast by 0.2 percentage points and 0.1 percentage point in 2020 to 1.6% and 1.7%, respectively, the IMF said in its World Economic Outlook. …

Ukraine obtains first tranche from IMF

Ukraine has received the first tranche under the new Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) in the amount of $1.4 billion, which boosted the country's forex reserves to $20.1 billion as of December 21, 2018. …

Global debt hits $184 trillion

Global debt hit a record $184 trillion in 2017, equivalent to more than $86,000 per person - more than double the average per-capita income. Overall, the amount of worldwide public and private debt is equal to about 225% of gross domestic …

Georgia's economy grows 4%

Georgia's economy grew 4% year-on-year in the third quarter of 2018 and 4.9% in the 9 months of 2018, the National Statistics Office of Georgia (Geostat) reported. The estimated real gross domestic product (GDP) growth rate in …

IMF completes third review in Georgia

The International Monetary Fund has completed the third review on the Extended Fund Facility approved last year under which Georgia is receiving $285.3 million over a period of 3 years.  Georgia's Prime …

Erdogan: Turkey closes chapter of IMF credits

Turkey does not intend to borrow loans from the International Monetary Fund (IMF) anymore, Turkish President Recep Tayyip Erdogan said. "We have closed the chapter of the IMF credits in order not to open it …