Post Tagged with: "#IMF"

Money from IMF in Amount of 330 Million BAM for Bosnia and Herzegovina is still blocked

May 26, 2020 9:30 AM
Money from IMF in Amount of 330 Million BAM for Bosnia and Herzegovina is still blocked

  Money from the arrangement with the International Monetary Fund in the amount of 330 million BAM is still blocked. The blockade has been going on for more than a month, Vijesti.ba news portal reports. The Governor of the Central Bank of BiH, Senad Softic, told N1 that the conditions […]

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Crisis Response is complicated by Complex Political Economy in Bosnia and Herzegovina

May 24, 2020 6:15 PM
Crisis Response is complicated by Complex Political Economy in Bosnia and Herzegovina

    The emerging economies of southeastern Europe that are not part of the European Union, where incomes are lower, and social safety nets less developed, are particularly vulnerable to the economic and social impact of COVID-19. In recent weeks, the IMF has responded with a number of rapidly-disbursing loans […]

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Over 100 Countries have reached out to the IMF for Help

May 23, 2020 10:00 PM
Over 100 Countries have reached out to the IMF for Help

Over 100 countries have reached out to the IMF for help to fight the pandemic—from Afghanistan to Nigeria to Haiti—with 50+ requests swiftly approved for a total of about US$18b. Against this backdrop, IMF Managing Director Kristalina Georgieva was interviewed by Julie Etchingham of ITV News during which she said, “The […]

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COVID-19 has pushed many Countries into Deep Recessions

May 19, 2020 7:15 PM
COVID-19 has pushed many Countries into Deep Recessions

    The world is in the grip of the COVID-19 pandemic, and the ensuing Great Lockdown, has pushed many countries into deep recessions—worse than during the 2008–09 global financial crisis. In response, governments and central banks all over the world have introduced strong discretionary (one-off and specific) fiscal and monetary measures to […]

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IMF Managing Director: Outlook is worse than our already Pessimistic Projection

May 18, 2020 1:15 PM
IMF Managing Director: Outlook is worse than our already Pessimistic Projection

    “With the crisis still spreading, the outlook is worse than our already pessimistic projection. Without medical solutions on a global scale, for many economies a more adverse development is likely,” said IMF Managing Director Kristalina Georgieva in a new interview with the FT on how the IMF is supporting emerging and […]

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Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast

May 6, 2020 2:00 PM
Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast

  The GDP growth forecasts for the Netherlands issued by the IMF in its April 2020 World Economic Outlook (WEO) surprised many, not only for the large negative 2020 number itself, but for it being weaker than some other leading European economies. Let me make some general considerations about forecasting amid today’s […]

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International Monetary Fund has 1 Trillion US Dollars lending Capacity

May 4, 2020 10:15 AM
International Monetary Fund has 1 Trillion US Dollars lending Capacity

  Exceptional times call for exceptional action. In many ways, there has been a ‘response like no other’ from the IMF’s membership. Governments all over the world have taken unprecedented action to fight the pandemic—to save lives, to protect their societies and economies. Fiscal measures so far have amounted to […]

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To properly address the Medical Emergency and large Output Contraction, a Fiscal Expansion is needed

April 25, 2020 3:00 PM
To properly address the Medical Emergency and large Output Contraction, a Fiscal Expansion is needed

  The Executive Board of the International Monetary Fund (IMF) today approved SDR 265.2 million (about US$361 million or €333 million, 100 percent of its SDR quota) in emergency assistance for Bosnia and Herzegovina (BiH) under the Rapid Financing Instrument (RFI). It will help the country meet an urgent balance-of-payments […]

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WTO and IMF concerned with the Decline in the Supply of trade Finance

8:30 AM
WTO and IMF concerned with the Decline in the Supply of trade Finance

  As our members grapple with their response to the global health and economic crisis, we call for more attention to the role of open trade policies in defeating the virus, restoring jobs, and reinvigorating economic growth. In particular, we are concerned by supply disruptions from the growing use of […]

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Foreign Exchange Reserves of the Central Bank of Bosnia and Herzegovina will not be used

April 24, 2020 1:30 PM
Foreign Exchange Reserves of the Central Bank of Bosnia and Herzegovina will not be used

  We will not allow the use of the foreign exchange reserves of the Central Bank of Bosnia and Herzegovina for fiscal purposes as this would endanger the currency board and threaten financial stability. This is, inter alia, stated in the Letter of Intent sent by BiH to the International […]

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