All posts tagged: IMF

Venezuela, IMF, World Bank restore relations, paving way for investment

Venezuela, IMF, World Bank restore relations, paving way for investment

Published by Sam Flores

“AS MANY GREEN LIGHTS AS POSSIBLE” Rodriguez was the country’s vice president until early January, when US forces captured Venezuelan President Nicolas Maduro in a shock overnight operation. Rodriguez was subsequently made interim president. Since then, Washington has exerted heavy pressure on the country to open its economy to foreign investment – especially its energy sector. “Trump frequently and publicly talks about how much he likes Delcy and how closely they’re working together,” Henry Ziemer at the Center for Strategic and International Studies in Washington told AFP.  “But the institutional recognition is, I think, an important next step – going beyond the personal to the institutional.” “It’s important for Delcy’s appearance of legitimacy,” he said. Beyond the funds that could now flow from the IMF and the World Bank, the institutional recognition could reassure foreign private investors who were anxious about taking bets on the country. “I think as many green lights as possible is good, I should say necessary for foreign direct investment to start flowing into Venezuela,” Ziemer said, while noting that the …

War threatens to wreak havoc with the global economy, IMF warns – POLITICO

War threatens to wreak havoc with the global economy, IMF warns – POLITICO

Published by Sam Flores

The same factors could push global inflation above 6 percent next year, it cautioned. Finance ministers and central bank governors from around the world are set to talk about little else at the IMF-World Bank spring meetings this week in Washington, D.C., and the IMF’s numbers — like many from private-sector forecasters — make clear how serious the risks of a protracted major conflict are. Hoping against hope To be sure, the IMF’s baseline forecast still clings to the hope that things will return to normal by the middle of the year, leaving little more than a small dent in an economy that has performed more strongly over the last year than was widely feared when U.S. President Donald Trump launched his trade war against the rest of the world. Under this central case scenario, growth would be 3.1 percent this year, only 0.2 percentage points less than the IMF thought in January. In 2027, it would be 3.2 percent, unchanged from the January forecast. But under a severe scenario, with lengthy disruption to shipping …

IMF Warns Iran War Will Slow Global Growth, Raise Inflation, And Worsen Food Insecurity

IMF Warns Iran War Will Slow Global Growth, Raise Inflation, And Worsen Food Insecurity

Published by Jenni Sidey

Submitted by OilPrice.com Severe fuel shortages, hunger, and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave “scarring effects” on the global economy.   In a speech by Kristalina Georgieva, the IMF’s managing director, global policymakers were warned that trade disruption across the Middle East over the last month would lead to lower growth and higher inflation. IMF Başkanı Kristalina Georgieva, İran savaşının küresel ekonomik büyümeyi yavaşlatacağı konusunda uyarıda bulundu. pic.twitter.com/KJjRWlQvYl — Voice Of Middle East (@VOME_TR) April 10, 2026 The impact of the war was also predicted to be uneven between different countries depending on levels of energy imports and their proximity to the war, according to the world’s foremost economic organisation. Georgieva’s address on Thursday morning underlined the consequences of what one month of the US and Israel’s war with Iran, and the subsequent hold-up in trading flows across the Strait of Hormuz, would mean for the world economy.  She warned that the most severe fuel disruptions will …

IMF, Pakistan reach staff-level agreement on .2 billion disbursement

IMF, Pakistan reach staff-level agreement on $1.2 billion disbursement

Published by Sam Flores

March 27 : The International Monetary Fund and Pakistan has reached a staff-level agreement on the South Asian nation’s loan program, a key step toward unlocking $1.2 billion in funding, the fund said on Friday. The agreement, which requires IMF board approval, would give Pakistan access to $1 billion under the Extended Fund Facility and $210 million under the Resilience and Sustainability Facility, bringing disbursements under the ongoing program to $4.5 billion. Under the $7 billion program, the Washington-based lender is urging Islamabad’s policymakers to keep monetary policy tight and data-dependent to anchor inflation expectations and strengthen external buffers. Pakistan’s central bank kept its key policy rate unchanged at 10.5 per cent this month, pausing its rate cuts as rising global energy prices and regional tensions pose new inflation risks for the import-dependent economy. Source link

IMF: Prolonged high gas prices could increase inflation

IMF: Prolonged high gas prices could increase inflation

Published by Sam Flores

The International Monetary Fund (IMF) warned Thursday that rising energy prices caused by the ongoing conflict with Iran could lead to higher global inflation if prolonged, but it said no nation has yet reached out for emergency financial assistance. IMF communications director Julie Kozack told reporters that the organization was closely monitoring how oil and… Source link

IMF approves B loan to Ukraine despite EU clash with Hungary – POLITICO

IMF approves $8B loan to Ukraine despite EU clash with Hungary – POLITICO

Published by Sam Flores

The international lender had initially demanded more assurances over Kyiv’s financial stability before approving the loan — this came when a majority of EU countries agreed late last year to raise €90 billion in joint debt to shore up Ukraine against Russia. “An important milestone,” the IMF’s mission chief to Ukraine, Gavin Gray, told reporters on Friday. But the IMF’s cash cushion is tiny. Kyiv’s budget shortfall is set to widen beyond $50 billion this year, putting pressure on the EU to overcome a dispute with Hungary that’s blocking crucial financial support. The EU’s planned €90 billion loan to Ukraine would help plug the gap. But Hungary is blocking the financing package amid accusations that Ukraine is deliberately slow-walking repairs to the damaged 4,000-kilometer Druzhba pipeline, which carries vital supplies of Russian oil to Hungary, on political grounds. Ukraine has dismissed the accusations. The European Commission has also downplayed the risk of an immediate energy crunch in Hungary, which has 90 days’ worth of oil supplies it can use. In the meantime, Brussels’ top brass …

IMF projects Bangladesh’s GDP to rebound to 4.7% in fiscal 2026

IMF projects Bangladesh’s GDP to rebound to 4.7% in fiscal 2026

Published by Sam Flores

Jan 30 : The International Monetary Fund on Friday said Bangladesh’s gross domestic product is expected to rebound to 4.7 per cent in the fiscal year 2026, following a recent economic slowdown. “With implementation of policies to mobilize tax revenue and address financial sector vulnerabilities, (Bangladesh’s) growth is projected to rebound to 4.7 per cent in FY26 and gradually accelerate to around 6 per cent over the medium term,” the IMF said. “Inflation is projected to remain elevated at 8.9 per cent in FY26 before subsiding to around 6 per cent in FY27,” it added in a statement. Source link