UN News - The global economy is set to slow down this year before bouncing back in 2024, a senior official with the International Monetary Fund (IMF) has said, citing China’s sudden re-opening following the end of its “zero-COVID” policy, and a mild winter, in
The International Monetary Fund (IMF) approved US$113 million under a 36-month Extended Fund Facility (EFF) program in addition to a US$189 million Resilient and Sustainability Fund (RSF) for Barbados. These funds will keep and improve macroeconomic stability, support structural reforms, and make the country more
The International Monetary Fund (IMF) held a "productive meeting" with Dominica Prime Minister Roosevelt Skerrit. “Deputy Managing Director Bo Li visited Dominica to discuss the existential threat of climate change and its impact on the island, how the IMF can support the country with its Disaster
UN NEWS—The global economy is entering 2022 in a weaker position than previously expected, the International Monetary Fund (IMF) announced on Tuesday, in an update to their World Economic Outlook (WEO). The institution now expects the global economy to expand from a 5.9 per cent increase in 2021
Following the approval of IMF for the disbursement of 3 COVID-19 emergency assistance fund, Dominica said the money will be allocated for income support. In an interview, Dominica Prime Minister Roosevelt Skerrit said that the fund will bring some relief to those greatly affected by COVID-19.
The International Monetary Fund (IMF) approved the requests from 3 Caribbean nations for a COVID-19 emergency financial assistance. IMF’s Executive Board approved a total of SDR 48 million (US$65.6 million) disbursements to Dominica, Grenada, and St. Lucia following requests under the Rapid Credit Facility (RCF) mechanism. The
The worldwide death toll linked to the COVID-19 pandemic surpasses the 150,000-mark. With more than 36,000 people that have died, the US accounts for almost a quarter of the recorded global fatalities. Eighty-three (83) days after the first recorded death in Wuhan on January 9, death toll
Another "lost decade" for the region looms WASHINGTON, USA – The International Monetary Fund (IMF) expects a decade of “no growth” in the Caribbean and Latin for the years 2015 to 2025. The internationally renowned organisation cited the global economic fallout caused by the coronavirus pandemic plus
