Argentina’s 2023 inflation rate was 211.4 percent, Bloomberg reported, beating Venezuela’s 193 percent for the year’s worst price spike.
Tag: IMF
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AFRICA WILL LEAD ECONOMIC GROWTH IN 2024, IMF SAYS
Among the world’s ten fastest-growing economies this year, six will be in sub-Saharan Africa, the International Monetary Fund said in a report last week.
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IMF DEVELOPING GLOBAL DIGITAL CURRENCY PLATFORM
The International Monetary Fund (IMF) is developing a platform that central banks’ digital currencies (CBDCs) can use to clear transactions between countries, executive director Kristalina Georgieva announced on 19 June.
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IMF SOFTENS CRYPTO STANCE…FOR THE MOMENT
A new report by the International Monetary Fund (IMF) has moderated previous calls for outright bans of cryptocurrencies.
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MAJOR ECONOMIES MUST REIN IN BORROWING, IMF SAYS
China, the U.S., U.K., Brazil, Japan, South Africa, and Turkey are likely to increase their national debts by five percentage points of GNP from now through 2028, Vitor Gaspar, policy director of the International Monetary Fund, said last week in comments quoted by the Financial Times.
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IMF FLOATS BAN ON CRYPTOS
As the world buckles yet again under the weight of misguided and corrupt political and monetary policies, the IMF is giving its imprimatur to the idea of banning cryptocurrencies.
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EGYPT’S CURRENCY FALLS AFTER IMF BAILOUT
The value of Egypt’s currency, the pound, fell 15 percent last week to a record low of 23.09 to the U.S. dollar after the central bank raised a key interest rate by two percentage points.
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HALF OF EUROZONE COUNTRIES WILL ENTER RECESSION
Thanks to the energy crisis sparked by Russia’s war in Ukraine and resulting Western sanctions, at least half of the 19 countries sharing the euro currency will enter a recession, Kristalina Georgieva, managing director of the International Monetary Fund, said in a 27 October Euronews interview.