All publications by tag «IMF»
U.S. DT - On the borrower side, the IMF and World Bank should make efforts to obtain a comprehensive picture of members’ debt positions in both its bilateral surveillance and as part of its lending programs, with the goal of improving debt sustainability.
IMF - We project real GDP growth at 4.2 percent in 2018 and 3.5 percent in 2019. Full implementation of the structural reform agenda will further boost growth potential. Headline inflation has increased to 2.6 percent in August and is expected to remain close to the center of the inflation target range of 3 percent over 2018 and 2019.
IMF - The UAE economy has been adapting well to a prolonged decline in oil prices since 2014. A gradual recovery in non-oil activity is under way. With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 percent this year and 3.7 percent next year. Inflation is projected at 3.5 percent this year owing to the introduction of the value-added tax and should ease afterwards. The fiscal deficit is expected to remain stable at about 1.6 percent of GDP this year and turn to a surplus next year. The current account surplus will exceed 7 percent of GDP this year.
IMF - Philippines real GDP grew by 6.7 percent in 2017 and by 6.3 percent in the first half of 2018 (y/y) led by strong public investment. Inflation rose to 6.4 percent (y/y) in August 2018, averaging 4.8 percent year to date and above the inflation target band of 2−4 percent, led by adjustments in excise taxes, the rise in global oil prices, the weaker peso, and above-trend growth.
IMF - Russia’s economy is recovering from the 2015–16 recession, thanks to the authorities’ effective policy response and higher oil prices. Output increased by 1.5 percent in 2017 on the back of robust domestic demand, but short of expectations. Inflation has fallen well below the CBR's 4 percent target since July 2017, driven by a weaker-than-expected recovery, tight monetary policy, as well as temporary effects on food and energy prices.
UNIAN - Ukraine must raise gas prices to market levels in order to qualify for more aid under a $17.5 billion IMF program. Ukraine, which wants to resume cooperation with the International Monetary Fund (IMF), may need to increase household gas prices, Prime Minister Volodymyr Groysman was quoted as saying on Thursday.
IMF: Austria’s economy is robust. Supported by expansionary monetary and fiscal policies, growth has picked up markedly, to 3 percent in 2017 and 3.1 percent (y/y) in Q1 2018. A recovery in private investment and a favorable external environment as growth in Europe accelerated more broadly, have underpinned growth. Concomitantly, unemployment has declined recently. Inflation remains broadly stable, at 2 percent (y/y) in April.
IMF - “In this regard, I commended the President for his leadership that enabled the approval of the law, and welcomed his intention to make the court operational by the end of this year. We agreed that it is now important for parliament to quickly approve the supplementary law submitted by the President to formally establish the court, as well as the necessary amendments to restore the requirement that the HACC will adjudicate all cases under its jurisdiction, including all appeals of relevant first instance court decisions, as it was in the draft law approved in the first reading.
REUTERS - “What we’ll be looking to see is that it ensures the establishment of an independent and trustworthy anti-corruption court that meets the expectation of the Ukrainian people,” IMF spokesman Gerry Rice said at a briefing.
IMF - “Egypt’s growth has continued to accelerate during 2017/18, rising to 5.2 percent in the first half of the year from 4.2 percent in 2016/17. The current account deficit has also declined sharply, reflecting the recovery in tourism and strong growth in remittances, while improved investor confidence has continued to support portfolio inflows. In addition, gross international reserves rose to $44 billion by end-April, equal to 7 months of imports.