The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF is governed by and accountable to its member countries.

International Monetary Fund (IMF) - Objectives, Membership, Organization structure, Functions, Advantages, Criticism, India and International Monetary Fund

International Monetary Fund IMF, Board has approved Nigeria’s request for $3.4 billion in emergency financial assistance under the fund’s Rapid Financing Instrument (RFI). The emergency support for Nigeria is to address the severe impact of the COVID-19. The $3.4bn loan represents the total special drawing right (SDR) Nigeria holds with the international lender. The amount … IMF Approves $3.4bn Emergency loan Support for Nigeria Read More »

It was Winston Churchill who cautioned leaders they should never allow a good crisis to go to waste. And the COVID-19 pandemic has certainly provided enough crisis scenarios to last…

Kenyan Internet users are increasing collective appeals to the International Monetary Fund to convince it to stop granting loans to their country, which recently received two billion dollars. As Inter

ALBAWABA - The International Monetary Fund (IMF) announced on Wednesday that its Executive Board has approved the disbursement of $7.5 billion to Argentina following the completion of the fifth and sixth reviews of its $44 billion program.The IMF stated that the total amount disbursed under the agreement has now reached approximately $36 billion. The majority of these funds are being utilized to repay another program's financing.

Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet last year.

Congress’s failure to support the International Monetary Fund is shameful and self-defeating

IMF executive board confirms Kristalina Georgieva for second 5-year term

Nationwide demonstrations have erupted in Kenya over a controversial tax bill. The Finance Bill 2024, initially presented to parliament in May, has sparked disc

Bekijk de nieuwste Christine Lagarde Visits LinkedIn-foto's. Bekijk beelden en kom meer te weten over Christine Lagarde Visits LinkedIn bij Getty Images.

The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues.

As world economic leaders converged for the annual spring meet-up in Washington, under the auspices of the International Monetary Fund (IMF) and the World Bank, the air buzzed not with festive anticipation but with a mounting critique aimed directly at the United States. Far from a back-patting session, U.S. officials, including Treasury Secretary Janet Yellen, […]

The International Monetary Fund (IMF) has disclosed that it is currently assessing the developments in Kenya to make adjustments. In a press statement on

IMF's first deputy managing director Gita Gopinath spoke about recession chances for 2023, inflation, and world economies at Wall Street Journal’s CEO Council Summit. IMF's Gita Gopinath said "What we said in October was that 2023 will be worse than 2022. That remains true."

The World Bank and International Monetary Fund (IMF) is helping biotech run the latest war in Ukraine. Make no mistake that what is happening in the Ukraine now is deeply tied to the interests of Monsanto, Dow, Bayer, and other big players in the poison food game. Monsanto has an office in Ukraine. While this does not shout ‘culpability’ from every corner, it is no different than the US military’s habit to place bases in places that they want to gain political control. The opening of this office coincided with land grabs with loans from the IMF and World Bank to one of the world’s most hated corporations – all in support of their biotech takeover. Previously, there was a ban on private sector land ownership in the country – but it was lifted ‘just in time’ for Monsanto to have its way with the Ukraine.

Explore International Monetary Fund’s 16,226 photos on Flickr!

The head of the International Monetary Fund, Christine Lagarde, is to stand trial over €404m payout to French tycoon Bernard Tapie, an appeals court confirms.

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The International Monetary Fund (IMF) said last Thursday, June 27, that the United States currently has too big a fiscal deficit, and this country is burdened with too much debt.

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Ingrained beliefs – including doubts about our abilities – lead us to miss opportunities and so stop us from reaching the top, says Trang Chu

According to an IMF report, the International Monetary Fund (IMF) expects Sri Lanka's economy to contract by 3.6% by the

Attendees at an inclusive capitalism conference in London control $30 trillion in assets. But it's unclear what, if any, financial commitments will come from the conclave on income inequality.

Textiles IMF raises Vietnam's 2022 growth forecast to 7% due to low inflation 08 Sep '22 4 min read Pic: Shutterstock/ Anton Watman Vietnam’s relatively subdued inflation compared to other countries in Asia has boosted its economic outlook with the International Monetary Fund (IMF) increasing the growth forecast for the country to 7 per cent for 2022. The increase was a full percentage point from three months earlier and the only significant upward revision among major Asian economies.The first half of 2022 saw a swift economic rebound as Vietnam’s pandemic restrictions eased following the adoption of a living-with-COVID strategy and a robust vaccination drive, according to a press release by the IMF. Supportive policies such as low interest rates, strong credit growth, and the government’s Program for Socioeconomic Recovery and Development have been accompanied by strong manufacturing output and a recovery in retail and tourism activity.Vietnam's relatively subdued inflation compared to other countries in Asia has boosted its economic outlook with the International Monetary Fund (IMF) increasing the growth forecast for the country to 7 per cent for 2022. The increase was a full percentage point from three months earlier and the only significant upward revision among major Asian economies.Vietnam’s inflation pressure has been mostly limited to some goods like fuels and related services like transport. Consumers are largely insulated from the global surge in food prices because of ample domestic supplies, pork prices declining from last year’s peak, and a preference for rice, which remains cheaper than other grains like wheat. Further, price gains for services, such as health and education, have also been very mild.The IMF lowered the projection for next year by 0.5 percentage points to 6.7 per cent, but that still contrasts with dimming prospects elsewhere and would be the fastest pace among Asia’s major economies. By way of contrast, growth estimates for Asia were lowered to 4.2 per cent and 4.6 per cent for this year and next in the IMF’s latest World Economic Outlook Update.Inflation, however, could pick up as economic activity gets back to full speed. Higher costs for transportation and commodities such as fertilisers and animal feed could also raise prices for a broader range of goods and services, adding inflationary pressure.Consumer prices in the first seven months of the year rose, but remain below the central bank’s 4 per cent target for the year. The economy’s delayed recovery last year has kept core inflation, which strips out volatile food and energy costs, below regional peers.Vietnam’s recovery also faces headwinds from global growth decelerating from 6.1 per cent in 2021. The IMF’s World Economic Outlook lowered estimates to 3.2 per cent for 2022 and 2.9 per cent for 2023 amid the effects of Russia’s invasion of Ukraine, and the slowdown in China and major advanced economies. Such a slowdown implies reduced demand for Vietnam’s exports, especially from key trade partners like the United States, China, and the European Union.In addition, financial conditions are tightening as interest rates in the United States and other advanced economies rise to curb inflation. That in turn increases financing costs and can lead to capital outflows as can already be observed in many emerging markets in the region.Finally, greater uncertainty about global trade and financial markets could impact the recovery, especially if some industries lose access to needed intermediate goods because of further supply-chain disruptions. That could curtail foreign investment in Vietnam, slowing production and technological growth.Together, the following factors mean policymakers must be agile and make timely changes: Fiscal policy should take the lead in aiding recovery, yet flexibly adjusted to evolving economic conditions. The central bank should focus on rising inflationary risks, and communicate that it’s ready to act as needed and remains committed to meeting its inflation target. Authorities should also continue addressing bad loans in the banking system and closely monitoring for potential risks in real estate markets to safeguard financial stability.Even after decades of impressive gains, Vietnam still faces several challenges, and broad economic reforms will be needed for it to achieve its developmental goals.For example, potential economic growth is reduced by a performance gap between highly productive firms that benefit from foreign direct investment and other less productive companies. Businesses, especially small and medium enterprises, are hampered by burdensome regulations, cumbersome administrative procedures, weak corporate governance, insufficient infrastructure, and digital connectivity gaps.Labour markets would benefit from reducing the mismatches that result if workers don’t have the right job skills, and more formal employment should be encouraged by improving skills and lowering costs for companies to formalise, added the release.Elsewhere, social safety net coverage should be scaled up and be made more efficient. Climate-related risks can be addressed through concrete policy actions to invest in climate adaptation, reduce carbon emissions, and achieve the country’s ambitious environmental agenda.Tackling these challenges will further unleash Vietnam to its considerable growth potential and continue advancing on a sustainable development path toward higher income status. Importantly, the country’s development strategy already includes reforms like these, and decisive implementation will help foster sustained, inclusive, and green growth. Fibre2Fashion News Desk (NB) More Textiles News - Vietnam...

Kosovo, tucked in Southeastern Europe, is a partially recognized state in Europe. It declared independence from Serbia in 2008.

Argentina tops the ranking, with a debt equivalent to 5.3% of the country's GDP.

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/PRNewswire/ -- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official...

RAFAEL ENRIQUEZ Foreign Debt /IMF (International Monetary Fund) 1983 OSPAAAL From now on, depressions will be scientifically created. Congressman Charles A. Lindbergh Sr. , 1913 “The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance. Its headquarters are located in Washington, D.C., USA”. This is an unsophisticated quote from Wikipedia, which certainly does not describe why Jesus is crucified on the USD sign with the IMF abbreviation on the poster above. At the Bretton Woods conference in 1944 the formation of International Monetary Fund and International Bank of Reconstruction and Development was point one on the agenda. Next year the first 29 UN-countries signed Articles of Agreement which brought to life these two organizations. The official purpose of IMF and IBRD was “to end economical nationalism, which was slowing down the post war economical reconstruction and development”. They were aiming at “encouraging open markets” with “lowering barriers to trade” as well as prohibition of economical restrictions imposed by local governments. And in fact this opened the new era of colonialism in the world. Before IMF colonies were sucked dry by the dominions because they lacked the arms and the power. IMF brought money into the equation. The main idea of IMF was to state United States Dollar as the one and only reserve currency through which all local currencies could be pegged to gold, thus making them secure. And as USD is the currency of the United States all American companies were automatically privileged compared to the local businesses based on the local money. IMF’s policy was protectionist – third world countries with poor economies weakened by revolutions were forced to get credits from IMF on conditions which led to complete devastation of old economic relations, pauperization of the people and global privatization of the property. This happened in Russia, in Bolivia, Argentina and in many other places around the world. This is why more and more countries nowadays decide to limit the presence of foreign capital in the economy. Cuba is one of them.

The International Monetary Fund on Tuesday called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external imbalances and halt policies that distort global trade.

....retains growth forecasts of 3.2 per cent in 2024, 3.3 per cent in 2025 for global economy The International Monetary Fund has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. This was contained in a newly released report ‘in the July 2024 World Economic Outlook’ published Tuesday. The IMF cited