Post Tagged with: "#IMF"

Health Crisis will have a significant Economic Fallout, reflecting Shocks to Supply and Demand

April 3, 2020 11:00 AM
Health Crisis will have a significant Economic Fallout, reflecting Shocks to Supply and Demand

    This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the epidemic, keeping intact the web of economic and financial relationships between workers and businesses, lenders and borrowers, and […]

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How will Bosnia and Herzegovina spend Money from the IMF?

April 2, 2020 1:30 PM
How will Bosnia and Herzegovina spend Money from the IMF?

  The Chairman of the Council of Ministers of Bosnia and Herzegovina, Zoran Tegeltija, held a meeting via video link of the 2nd session of the Fiscal Council of BiH, Klix.ba news portal reports. The letter of intent was adopted at the session with the International Monetary Fund (IMF), requesting […]

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Peace Implementation Council Steering Board supports Positive Political Statements by Bosnian Authorities

April 1, 2020 7:15 PM
Peace Implementation Council Steering Board supports Positive Political Statements by Bosnian Authorities

  Following yesterday’s briefing by the UN Resident Coordinator, WHO and IMF representatives on the effects of the COVID-19 crisis on BiH, the Peace Implementation Council Steering Board (PIC SB) reiterates that the International Community will continue to work with all relevant institutions in BiH to provide material and other […]

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COVID-19 has struck Europe with stunning Ferocity

March 31, 2020 2:45 PM
COVID-19 has struck Europe with stunning Ferocity

  COVID-19 has struck Europe with stunning ferocity. While we do not know how long the crisis will last, we know that the economic impact will be severe. In Europe’s major economies, nonessential services closed by government decree account for about one-third of output.This means that each month these sectors […]

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Catastrophe Containment and Relief Trust makes $200 Million available for the world’s Poorest Countries

March 29, 2020 8:00 AM
Catastrophe Containment and Relief Trust makes $200 Million available for the world’s Poorest Countries

  In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to […]

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Strong and coordinated Policy Actions needed to resolve this Global Crisis

March 27, 2020 4:30 PM
Strong and coordinated Policy Actions needed to resolve this Global Crisis

  International Monetary and Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director Kristalina Georgieva issued the following statement following today’s conference call of the International Monetary and Financial Committee. “We are in an unprecedented situation where a global health pandemic has turned into an economic and financial […]

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Coronavirus Outbreak to have Severe Consequences for Population living in extreme Poverty

March 26, 2020 4:45 PM
Coronavirus Outbreak to have Severe Consequences for Population living in extreme Poverty

  The World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries: The coronavirus outbreak is likely to have severe economic and social consequences for IDA countries, home to a quarter of the world’s population and two-thirds of […]

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IMF is Launching a Tracker of Policies Governments are Taking in Response to COVID-19

11:00 AM
IMF is Launching a Tracker of Policies Governments are Taking in Response to COVID-19

  Governments around the world are taking decisive steps to limit the human and economic impact of COVID-19. Many countries have taken extraordinary monetary and fiscal policy measures. “These measures are most welcome and essential, and more will be needed. We are launching today a policy tracker to help our […]

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Bosnia and Herzegovina in-debts for additional 160 Million Euros

9:45 AM
Bosnia and Herzegovina in-debts for additional 160 Million Euros

  A letter of intent from the International Monetary Fund (IMF) on a new loan arrangement has been received by Bosnian authorities, Chairman of Council of Ministers of Bosnia and Herzegovina Zoran Tegeltija stated at a news conference on Wednesday. According to him, the letter needs to be approved by […]

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IMF Executive Board Approves 1.3 billion Dollars Extended Arrangement

8:02 AM
IMF Executive Board Approves 1.3 billion Dollars Extended Arrangement

  The Executive Board of the International Monetary Fund (IMF) today approved a 48-month arrangement under the Extended Fund Facility (EFF) with Jordan for an amount equivalent to SDR 926.37 million (about US$ 1.3 billion or 270 percent of Jordan’s quota) to support the country’s economic and financial reform program. […]

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