Nairobi, Kenya | Xinhua | International Monetary Fund (IMF) Managing Director Kristalina Georgieva has expressed confidence in the Kenyan government’s economic recovery program. Georgieva, who is on a visit to Kenya, lauded the country’s decision to prioritize investment in agriculture and Micro and Small Enterprises (MSESs) that offer quick turnaround results. …
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Kigali, Rwanda | Xinhua | Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has hailed policies and sustained implementation of reforms to address climate change by the different stakeholders in Rwanda. “I came away impressed by the dynamism and creativity of Rwandan youth advocating for climate action and environmental conservation, …
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New York, U.S. | Xinhua | Oil prices fell sharply on Tuesday amid growing concerns over the global economic outlook. The West Texas Intermediate for February delivery dropped 3.33 U.S. dollars, or 4.15 percent, to settle at 76.93 dollars a barrel on the New York Mercantile Exchange. Brent crude for March …
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Washington, U.S. | Xinhua | There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative impacts, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday. “Emerging markets and developing countries have stressed that for them, it is paramount that they have the opportunity to drive …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday there is a “fundamental shift” in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support emerging market and developing economies. The global economy is moving “from a world of …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said on Wednesday that the Russia-Ukraine war has led to food shortages and sharply higher prices, urging the international community to take fast, well-coordinated actions to tackle food crisis. The war has created “a crisis on top of a crisis” …
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United Nations | Xinhua | UN Secretary-General Antonio Guterres on Saturday welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman. Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the new RST effective May 1, said spokesman …
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Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year. “To put it simply: we are facing a crisis on top …
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Washington, U.S. | Xinhua | Gita Gopinath, chief economist and director of the Research Department at the International Monetary Fund (IMF), intends to leave the IMF in January 2022, and return to Harvard University as planned, the IMF announced on Tuesday. “Gita’s contribution to the Fund and our membership has been …
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Kampala, Uganda | THE INDEPENDENT | The recent allocation of special drawing rights by the International Monetary Fund to its members has triggered fears of misuse, since the resource had been described as free, and not a loan. Special Drawing Rights are an international reserve asset, created by the IMF to …
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