Investors may soon find Iraq interesting
According to World Bank, economy is expected to grow by 7.2% despite the hurdles...
Tag : IMF
Things are finally looking up for Asia
Asia has managed to stabilise itself thanks to China’s improved economic performance Suparna Goswami Bhattacharya October 20, 2016: It is the last quarter of the year and things have changed drastically since January for the global economy. Asia, in particular, has witnessed a change in outlook by economists. Back in January, things looked shaky. Chinese...
Flying through the eye of a storm
Expect UK to enter technical recession between second half of 2016 and first half of 2017 Jaspreet Sehmi August 2, 2016: In its first set of projections published since the UK voted to leave the EU, the IMF has downgraded its forecasts for global, eurozone and UK growth. In addition, the Fund says that the...
IMF cuts its global growth
Predicts increase in uncertainty after Brexit IFM Correspondent July 20, 2016: Keeping a close eye on Brexit and its anticipated impact, the International Monetary Fund (IMF) has cut its global growth forecasts for the next two years. The move included a nearly full percentage point reduction in the UK’s 2017 growth forecast. Cutting its World...
IMF: Austerity measures not always good
IFM Correspondent Says benefits in terms of increased growth difficult to establish June 20, 2016: The International Monetary Fund (IMF), in its latest report, has put out a strong message against austerity measures undertaken by governments. The report, a critic to neo-liberal doctrine, states that austerity measures do more harm than good in the long...
Saudi announces Vision 2030 to transform its economy
The aim is to make a smooth transition away from dependency on oil revenue Suparna Goswami Bhattacharya May 13, 2016: With oil price continuing to show no signs of improvement, it is no secret that oil dependant nations have to think of alternatives to run their economy. The Kingdom of Saudi Arabia recently announced a...
Doubts on Greek deal remain
The government doesn’t share the ideological underpinnings of the requested austerity measures Peter Vanden Houte August 14, 2015: It seems as if a deal on a third bail-out package (€86 bn over the next three years) between the Greek government and representatives from the IMF, the European Commission, the ECB and the ESM has been...
Warning of global slowdown
20% of the countries that tapped into the World Bank’s fund for the poorest yet to show any growth IFM Correspondent October 6, 2014: In an effort to warn the global economy against considerable downside risk, finance and development ministers from around the world will meet in Washington DC on October 11, 2014. With Europe...
The Most Powerful Central Banker in the World
Yellen, 67, presently the vice-chairwoman of the Board of Governors of the Federal Reserve System will be the first woman to head the central bank in its 100 year old history. 10th October 2013 At a time where women are taking over coveted positions in corporates and other sectors, the banking sector is no exception....
Senegal as the West African Hub for Islamic Finance
Senegal’s attraction to banks rests on its macroeconomic and political stability. Senegal as the West African Hub for Islamic Finance Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due its steady economic growth and a large unbanked population. If this rise...