Kenya seeks IMF help to audit corruption, governance issues
Kenya has called on the International Monetary Fund (IMF) to conduct an official review of the country's corruption and governance issues, a senior government official said on Monday.
Kenya has called on the International Monetary Fund (IMF) to conduct an official review of the country's corruption and governance issues, a senior government official said on Monday.
In July 1944, delegates from 44 countries gathered in the UN sponsored Conference in Bretton Woods, New Hampshire, to decide on a post-Second World War monetary and financial order.
Ukraine’s recent debt restructuring stands as testament to its resilience amid adversity. Faced with the immense financial strain of a protracted conflict with Russia, Ukraine’s ability to negotiate one of the largest and fastest debt restructurings in modern history highlights the determination and strategic acumen of its economic leaders.
Sri Lanka is approaching a critical juncture as it prepares for its presidential election on 21 September 2024.
The International Monetary Fund (IMF) on Tuesday raised India's GDP growth forecast for 2024-25 to 7 per cent from 6.8 per cent projected earlier on the back of “improving private consumption, particularly in rural India".
Final approval of the SDR allocation by the Board of Governors requires an 85 percent majority of the total voting power of all IMF members.
The SDR allocation will boost the liquidity and reserves of all our member countries, build confidence, and foster the resilience and stability, according to IMF MD Kristalina Georgieva
Surging reserves can be a double-edged sword as there is a cost to holding them. High reserves will obviously lead to appreciation of the currency and rise in inflation, because capital inflows that result in high reserves are used to buy domestic currency, thereby expanding the domestic monetary base without a corresponding increase in production, and this causes a rise in inflation.
Increasing price on carbon will encourage innovation and transition to renewable energy, clean mobility, and low carbon technologies
Jonathan Otry, the Deputy Director of the IMF`s Asia Pacific Department, said that "the current surge in infections presents a worrisome downside risk revisions" for India.
