Armenian Minister of Transport welcomes new IMF representative, aims for deeper cooperation
Armenia’s Minister of Transport, Communications, and IT welcomes IMF’s new representative, Fergus McCormick. Cooperation with IMF and bilateral ties discussed for country’s development in various sectors.
Armenian Finance Minister Embraces IMF Assistance to Propel Reform Agenda
Armenia’s Head of Finance has accepted IMF assistance for their Financial Sector Adjustment Program. Reforms to tax, monetary policy, infrastructure, industrial zone, and labor market will be implemented with IMF support. Grateful for their cooperation, Armenia aims to implement important government reforms with IMF’s technical assistance.
“IMF to Provide $3.1 Billion Lifeline to Ukraine in 2024 Amidst Russian Aggression, as Country Faces Dire Humanitarian Crisis”
IMF to provide $3.1B to Ukraine in 2024, as the country faces humanitarian crisis due to Russian aggression. Millions forced to flee, children displaced.
Germany’s BDA Confirms Ukraine’s 50 Million Euro Support from IMF, Despite Hungary’s Objection: Report
Germany’s Federal Association of German Employers (BDA) confirms Ukraine will receive 50 million euros from the IMF. Despite Hungary’s objection, Berlin is confident in IMF support, noting the creation of the “Ukraine Institute Foundation” as a new financial tool. Ukraine intends to return to the establishment of the foundation.
IMF Implements Projects to Boost Ukraine’s Economy, Expects Recession to End by 2024
IMF implements economic improvement projects in Ukraine, with GDP growth predicted at 5% next year. Recession expected to end by 2024, while public debt projected to rise.
IMF Chief Warns: Israel-Hamas Conflict Damages Economies Across the Middle East
The ongoing Israel-Hamas conflict in Gaza is harming the economies of Egypt, Lebanon, Jordan, and the West Bank, as stated by IMF’s Kristalina Georgieva. The violence is also impacting the gas sector and worsening the region’s difficulties in managing terrorism and rising energy prices. The IMF is closely monitoring Egypt’s $3 billion loan arrangement, which is affected by the conflict.