About: IMF

Global Europe 12-10-2021

Scandal dents IMF chief’s image of integrity

The IMF Executive Board reaffirmed on Monday (11 October) its "full confidence" in the Washington-based crisis lender's chief, Kristalina Georgieva, keeping her on as managing director after she was hit with allegations of data tampering.
Global Europe 11-10-2021

IMF board decision hangs over Georgieva as IMF-World Bank annual meetings begin

Data-rigging allegations against IMF Managing Director Kristalina Georgieva were set to loom over the opening of week-long IMF-World Bank annual meetings on Monday (11 October) as the Fund's executive board failed to conclude its review after yet another marathon meeting.
Global Europe 28-09-2021

US Senators call for ‘full accountability’ in World Bank data controversy

The top Democrat and Republican on the US Senate Foreign Relations Committee have urged President Joe Biden to “ensure full accountability” over a World Bank data-rigging controversy that has embroiled International Monetary Fund chief Kristalina Georgieva. The panel’s chairman, Senator...
Development Policy 07-09-2021

El Salvador leads the world into cryptocurrency, adopting bitcoin as legal tender

El Salvador became the first country in the world to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent home from abroad but which critics warned may fuel money laundering.
Economy & Jobs 08-04-2021

G20 agrees ‘final extension’ to $10 billion debt service suspension scheme

Developing countries stand to benefit from up to $10 billion in savings after the G20 group of wealthy nations announced on Wednesday (7 April) that it would extend its debt service suspension initiative (DSSI) which launched last May until the end of this year.
Economy & Jobs 01-04-2021

EU states set to benefit from multibillion IMF Special Drawing Rights programme

EU states are set to be among the main beneficiaries next week when international leaders are set to authorise up to $650bn of new ‘Special Drawing Rights’ to help countries badly hit by the Covid pandemic.at the International Monetary Fund’s spring meeting on 5 April. 

Former IMF chief Rato faces fresh fraud accusations in Spain

The former managing director of the International Monetary Fund, Rodrigo Rato, is facing fresh allegations from Spanish anti-corruption prosecutors, including alleged tax fraud, corruption, and document falsification, EURACTIV’s partner EFE reports.
Europe's East 03-11-2020

Back me or put IMF loans at risk, Ukraine’s president warns

Ukrainian President Volodymyr Zelenskiy warned on Monday (2 November) that foreign aid loans and a visa-free deal with the European Union were under threat if parliament did not restore anti-corruption reforms, saying the country could slide into "bloody chaos".
Europe's East 28-10-2020

Ukrainian president plays down impact of court rulings after IMF loan delays

President Volodymyr Zelenskiy on Tuesday (27 October) promised to keep Ukraine's fight against corruption on track after two separate rulings by the constitutional court threatened to derail reforms needed under a $5 billion International Monetary Fund deal.
Economy & Jobs 15-06-2020

IMF’s Georgieva: Kudos to Europe for the recovery fund

The managing director of the International Monetary Fund, Kristalina Georgieva, congratulated the EU for stepping up its collective response to the COVID-19 crisis with the proposed €750 billion recovery fund, but cautioned that the proposal will first have to survive “long nights of negotiations".
Economy & Jobs 08-05-2020

ECB will continue doing whatever is necessary to deliver on mandate, Lagarde says

European Central Bank chief Christine Lagarde has responded to a recent German court ruling that challenged the bank's authority by saying the ECB is an independent institution, accountable to the European Parliament, that will continue to do whatever it takes to deliver its mandate.
Brexit 16-04-2020

UK doubles down on Brexit threat, hints WTO terms offer more ‘flexibility’

Boris Johnson’s government doubled-down on Thursday (16 April) on its threat to walk away from the EU Single Market this year if a deal on a successor trade pact cannot be reached. It hinted that trading with the EU on World Trade Organisation terms would give the UK more ‘flexibility’ to manage the economic fallout from the coronavirus pandemic.
Central Asia 16-04-2020

Kazakhstan provides humanitarian aid to Kyrgyzstan, Tajikistan

In the context of the Covid-19 crisis, Kazakhstan has offered humanitarian aid to its Central Asian neighbours Kyrgyzstan and Tajikistan, answering a request by Bishkek and Dushanbe.
Botswana 16-04-2020

G20 agree debt relief ahead of crucial IMF spring meetings

The G20 group of leading economies agreed on Wednesday (15 April) to suspend debt payments owed to them by some of the world's poorest countries in a bid to cushion the economic impact of the coronavirus pandemic.
Eastern Europe 16-04-2020

IMF to raise funding to Georgia to $450 mln to fight coronavirus

The International Monetary Fund (IMF) said on Wednesday (15 April) it was ready to provide Georgia with increased funding of $450 million this year to help the ex-Soviet country in its fight against the coronavirus and support the economy.
Economy & Jobs 10-04-2020

World faces new ‘Great Depression’ as virus toll mounts

World powers scrambled on Thursday (9 April) to build a global response to the human tragedy and once-in-a-century economic collapse caused by the coronavirus epidemic, as the worldwide death toll topped 90,000.
Europe's East 31-03-2020

Ukraine opens up land market in bid for $8 bln IMF package

Ukrainian lawmakers voted on Tuesday (31 March) to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.
China 27-03-2020

G20 leaders to inject $5 trillion into global economy in fight against coronavirus

Leaders of the Group of 20 major economies pledged on Thursday (26 March) to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and "do whatever it takes to overcome the pandemic."
Global Europe 23-03-2020

EU supports Iran, Venezuela bids for IMF support in fight against coronavirus

The EU backs Iran and Venezuela in their requests for emergency funding from the International Monetary Fund (IMF) to help them fight the coronavirus outbreak, EU foreign affairs chief Josep Borrell said on Monday (23 March).
Economic governance 10-03-2020

As stock markets collapse, IMF calls for support for the coronavirus-infected economy

The International Monetary Fund called on governments worldwide Monday (9 March) to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses.
Global Europe 24-02-2020

Global spread of coronavirus raises pandemic fears

Fears mounted on Monday (24 February) that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries around the world, after sharp rises in infections in South Korea, Italy and Iran.
Europe's East 29-01-2020

In surprise move, Borrell says will visit Ukraine’s disputed region of Donbas

EU foreign affairs chief Josep Borrell said on Tuesday (28 January) he intends to visit Ukraine in the coming weeks, including the disputed region of Donbas which is under the control of pro-Russia separatists.
Economic governance 24-01-2020

IMF warns of the risk of central banks’ ‘cheap money’

The monetary stimulus has been one of the main engines of growth over the past years, but continuing with the supply of 'cheap money' could hurt low-income countries, fuel risky investments and affect savers, warned the IMF on Friday (24 January).
Economy & Jobs 24-01-2020

Davos 2020 diary – day #5

Welcome to Davos where the 50th edition of the World Economic Forum (WEF) is taking place on 21-25 January. Throughout the week, EURACTIV gives you a glimpse into one of the world’s most exclusive conferences where political and business leaders meet every year to discuss global economic trends.