International Monetary Fund (IMF)

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IMF upgrades Kazakhstan GDP forecast

The International Monetary Fund (IMF) expects Kazakhstan’s economy to expand 3.7% in 2018 and 3.1% in 2019, the fund said in a press release. "The growth rate of Kazakhstan's economy increased due to an increase in oil …

IMF praises economic activities of Georgia

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, has concluded its visit to Georgia, which was held during August 21-27 to discuss recent economic and financial developments and progress with structural …

IMF puts itself at odds with Trump over US economy

The US budget deficit could trigger an upsurge of inflation and interest rates that shakes financial markets, according to a report by the International Monetary Fund. In a statement following its regular Article IV assessment of the …

IMF: Armenia is the poorest country in South Caucasus

The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita. …

Turkey may ban some Israel goods

US President Donald Trump’s move to recognise Jerusalem as Israel’s capital and shift the American embassy there reversed decades of US policy, upsetting the Arab world and Western allies

IMF mission sums up results of its visit to Georgia

Georgia’s economic activity performed better than expected, with the economic growth of 4.8% in 2017, according to the International Monetary Fund mission, which visited Georgia last week to discuss recent economic and financial …

BP CEO gives oil price forecast for 2018

The current price of oil of $69 per barrel is somewhat high, BP CEO Bob Dudley said at the World Economic Forum. Dudley noted that the company's experts predicted decline in oil prices. "We expect the …

 IMF gives Georgia budget 2018 recommendations

The International Monetary Fund recommended the Georgian government to reduce capital spending, including in wages of officials. According to the First Review of the Extended Arrangement under the Extended Fund Facility for …

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