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IMF warns of risks, government pledges to pay heed
The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial...
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Lebanon parliament postpones budget talks, slowing IMF reform checklist
Lebanon’s parliament on Friday suspended talks on the 2022 budget after a walk-out by lawmakers sent attendance below quorum, further delaying efforts to complete requirements to access IMF funds to...
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IMF upgrades Cypriot economy 2022 growth rate compared to April forecast
The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected in April 2022, while it...
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Ukraine’s Marchenko to chair IMF, World Bank governing boards in 2023
The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both...
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Energy security, climate change and geopolitics
The scramble for quick solutions to secure affordable and reliable energy could imperil climate action There is no question that the energy crisis has forced governments to reconsider their priorities,...
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IMF executive board approves $3 bln Egypt extended arrangement
The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund...
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Tough year ahead for the global economy, IMF’s Georgieva warns
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the...
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Oil falls on rate hike worries, Russian export flows
Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01,...
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Cyprus economy has performed ‘remarkably’ says IMF official
The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The...
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IMF lays out crypto action plan, recommends against legal tender status
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal...
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Cabinet looking at extending electricity subsidy past April but no guarantees...
The further extension of electricity subsidies will continue if the cabinet decides to continue with the support, President Nikos Christodoulides said on Saturday, following reports that when the...
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IMF predicts Cyprus economy will grow by 2.5% this year
Cyprus’ economy will grow by 2.5 per cent this year as both inflation and unemployment recede, according to the latest forecast from the International Monetary Fund. In its April ‘World Economic...
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IMF forecasts Cyprus economy growth to slow to 2.5 per cent in 2023
The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released on Tuesday by the International Monetary...
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Our View: IMF offers rational approach to CoLA
The taxpayer will have to provide another €60m that was not budgeted this year to pay for the increase in CoLA (from 50 to 67.7 per cent of the rise in the retail price index) that the government...
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CBC governor attends World Bank and IMF meetings in Morocco
Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week in the...
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Cypriot economy: resilience and structural weaknesses
By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the...
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IMF warns of risks, government pledges to pay heed
The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial...
View ArticleLebanon parliament postpones budget talks, slowing IMF reform checklist
Lebanon’s parliament on Friday suspended talks on the 2022 budget after a walk-out by lawmakers sent attendance below quorum, further delaying efforts to complete requirements to access IMF funds to...
View ArticleIMF upgrades Cypriot economy 2022 growth rate compared to April forecast
The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected in April 2022, while it...
View ArticleUkraine’s Marchenko to chair IMF, World Bank governing boards in 2023
The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both...
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