Hungary may face challenges in terms of economic disparities due to the ongoing green and digital transition. A new IMF report suggests that policy reforms are urgently needed. Ongoing discussions on cohesion reform focus on the same areas.
Trip to Moscow to review economy delayed indefinitely after protests it would ‘normalise relations with aggressor’The International Monetary Fund (IMF) has indefinitely postponed a staff mission to Moscow this week to review the Russian economy for the…
Fund’s executive director for Russia suggests decision was prompted by pressure from European countries
The International Monetary Fund has postponed its planned consultation mission with Russia indefinitely because of technical issues, TASS agency cited Alexei Mozhin, Russia’s director at the IMF, as saying on Wednesday (18 September).
Kyiv’s allies said the trip would have been a “propaganda win” for Vladimir Putin.
Nine European countries protested on Friday (13 September) against the International Monetary Fund’s plans to resume missions to Russia, saying it would damage the reputation of the Fund to resume dialogue with a country that has invaded another.
Only six ministers of 27 attended the meeting, including Varga himself.
Protest letter sent to fund’s head over move to send staff to Moscow for first review since invasion of UkraineThe International Monetary Fund (IMF) will send staff to Moscow next week to review the Russian economy for the first time since the invasion…
Visit will “create substantial reputational risks,” countries say.
The Democratic candidate’s voter support means resolving differences between the EU and U.S. no longer seems so urgent.
Ukraine announced on Wednesday (3 September) that international bondholders had formally approved its plan to restructure over $20 billion of debt amid its ongoing war with Russia.
Ukraine said on Monday (22 July) it had reached an agreement in principle with a group of creditors to restructure $20 billion of international bonds, bringing the war-torn country closer to an unprecedented debt rework.
Italy’s PM faces a choice: Reelect the Commission president and stay relevant in Brussels, or light up her Euroskeptic base at home.
Czech ammunition factory for Ukraine; Baltic states to cut electrical grid ties with Russia and Belarus. What we know on day 875Russia has been forced to lock down 14 border villages in its Belgorod region due to the Ukrainian fightback against Russian…
The European Commission has urged private creditors to “swiftly” reach an agreement with the Ukrainian government to avoid Kyiv defaulting on billions of dollars in debt at the start of next month.
Infant among six injured, with at least one dead and more trapped in building in central Ukraine; 10 Ukrainian civilians freed from Russia and Belarus jails in Vatican-mediated deal. What we know on day 857See all our Ukraine war coverageA Russian miss…
A senior EU official pushed back on the IMF’s recommendation that countries should pursue policies that encourage the diffusion of new technologies, arguing that the EU must sometimes introduce “protecting” measures to ensure its own economic security….
Meloni’s careful stewardship of the Italian economy has been rewarded by Europe’s famously fickle financial markets. But chaos across the Alps could draw unwanted attention to Italy’s huge debt pile.
Kenyan President William Ruto said on Tuesday (25 June) security was his “utmost priority” after protests against a bill to raise taxes descended into violence, with police firing on demonstrators trying to storm the legislature, killing at least five.
Bruno Le Maire raises the specter of financial disaster for France if President Emmanuel Macron’s opponents win this month’s snap election.
Ukraine has not been able to reach an agreement with a group of bondholders over restructuring some $20 billion of international debt during formal talks, it said on Monday (17 June), raising the spectre that the war-torn country might slip into default.
Volodymyr Zelenskiy tells Guardian that permission needs to go further; Putin labels as ‘foreign agents’ wives who want their husbands back. What we know on day 829Russian missile and drone attacks on Saturday morning damaged energy facilities in five …
From political witch-hunts and nobbling bank mergers to hacking Covid regulations, the ECB’s brushes with the law are varied and plentiful.
With inflation expected to drop, it’s not the economy any more, stupid, for Britain’s Conservatives.
Amid a higher debt burden, U.K. should not be considering pre-election tax cuts, forecaster says.
OECD, IMF and WTO forecast sharp rebound in global flow of products this year after 2023 slump
Also in this newsletter: former executive of a scandal-embroiled Polish oil group is running for a seat in EU parliament
The EU’s multibillion pandemic recovery fund is a “success story” that European policymakers “should not rush to roll back”, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday.
Brussels is rife with speculation on who might be chosen as the EU executive’s next chief.
IMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverseWorld Bank official calls for shake-up of G20 debt relief schemeThe 2020s are almost halfway over and are on course to be the most difficult dec…
IMF says reduction in national insurance may have made cutting UK national debt more difficultThe International Monetary Fund has issued a strong warning to Britain and other countries facing elections this year to avoid voter giveaways that might pose…
The IMF estimates Russia’s economy will grow faster than the likes of the US, UK and Germany this year.
The IMF estimates Russia’s economy will grow faster than the likes of the US, UK and Germany this year.
The absence of programmatic data in the latest economic and financial document could indicate the Italian government’s unwillingness to acknowledge rising public debt before the European elections in June, former IMF director and former Senate member C…
The International Monetary Fund’s executive board on Friday (12 April) selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on 1 October this year, the global lender said.
The International Monetary Fund confirmed Thursday (4 April) that its current managing director is the only candidate to lead the international financial institution once her first term expires later this year.
The international organisation’s Managing Director had faced competition from the likes of Ireland’s Paschal Donohoe after a scandal involving Chinese business rankings.
Bulgaria’s ‘eternal optimist’ in favour with European finance ministers after first five-year stint encompassing Covid and UkraineThe head of the International Monetary Fund, Kristalina Georgieva, will run for a second five-year term after being nomina…
International Monetary Fund Managing Director Kristalina Georgieva is interested in a second five-year term heading up the global lender and is poised to secure sufficient support among member countries, sources familiar with the plans said.
US prepares to unveil hundreds of sanctions against Russian ‘war machine’; Zelenskiy tells US conservatives that sending aid now is cheaper than confronting Putin again laterSee all our Ukraine war coverageThe US is set to unveil hundreds of sanctions …
SNEAK PEEK — SCOOP: Hunt to court first-time buyers with lifetime ISA shake-up. — Bim Afolami defends “damp squib” Edinburgh reforms. —King Charles III will be on your fivers from June 5. Good morning! We’re writing to you from our London HQ. Perhaps one day we’ll write from the BT Tower, which is due to become […]
Washington’s track record suggests it’s better at fighting wars than dealing with what follows.
With Republicans thwarting U.S. efforts to approve $60 billion for Kyiv, Europe faces an even greater bill. So what next?
For years after leaving, and with more self-harm in prospect, austerity is eating away at Britain. Where is the indignation?So we pass the fourth anniversary of Brexit. The trade barriers mount, with the UK “reclaiming sovereignty from Brussels” in ord…
European governments should resist calls for greater financial support from protesting farmers across the continent, or they could come to regret it, IMF managing director Kristalina Georgieva said Thursday.
The International Monetary Fund (IMF) has downgraded its growth forecast for the eurozone this year, as the continued impact of the energy crisis and weak consumer demand raise growing concerns about the currency union’s economic resilience.
The year ahead will be “very tough” for fiscal policy — especially for countries holding elections — the IMF chief told AFP before departing for the World Economic Forum in Davos, Switzerland.
Kristalina Georgieva urges US and EU to seal deals that would unlock tens of billions of dollars in funding
The IMF executive board on Monday (11 December) approved a $900 million disbursement for Ukraine from its $15.6 billion loan program, hours before IMF chief Kristalina Georgieva met with Ukrainian President Volodymyr Zelenskyy.
Volodymyr Zelenskiy visits Washington, saying delays to future military aid are ‘dreams come true’ for Vladimir Putin; Russian opposition leader Alexei Navalny missingSee all our Ukraine war coverageUkraine’s president, Volodymyr Zelenskiy, has flown t…
The fund’s number-two policymaker talks to Free Lunch
Disrupter No. 1 — Russia
New UK foreign secretary faces questions in the House of Lords over backing for Beijing-funded scheme.
The International Monetary Fund (IMF) has warned that the conflict in the Middle East between Hamas and Israel could drive up inflation as central banks continue the battle to bring it down.
Incomes are rising but productivity has largely stalled, the fund says
While the global campaign to tackle illicit money flows has taken on new urgency, in Gaza, agencies are focused in the wrong direction.
Mexico, Brazil, South Africa and Turkey have shown economic resilience despite wave of defaultsAs finance ministers and central bankers convened in Marrakech for the International Monetary Fund and World Bank annual meetings on 9-15 October, they faced…
Ukraine, Netherlands, Canada and Nordic countries objected to way invasion of Ukraine was described.
Just as inflation is getting under control and growth starting to recover, a wider Middle East conflict would pose significant problems.
Economic fortunes are diverging, with Europe’s recovery falling behind buoyant US growth.
Joe Biden urges Congress to swiftly approve Ukraine aid left out of US government funding bill; Rishi Sunak rows back on defence minister’s suggestion that British troops could carry out training in UkraineSee all our Ukraine coverageThe US president, …
News you can use from the IMF
The ECB president has sounded the death knell for the dollar and predicted the end of the world economy as we know it — does she know something we don’t?
This system was born of a dream of prosperity and peace. And considering the existential threats facing humanity today, it is arguably even more important to resurrect it.
Two of Europe’s best known politicians want to run the EIB. Member countries will ultimately decide.
The EU’s latest partner across the Mediterranean is carrying out a campaign of violence, mass expulsions and political repression.
Western nations fear an economic collapse in Tunisia could trigger even greater migrant flows and have offered financial assistance. Yet prospects of Tunisia’s sealing the biggest deal of all — a $1.9-billion bailout from the IMF — seem increasingly …
