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
UN News - In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook. The revision is driven
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
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
