Tag "IMF"

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Economics Europe

Will Greece have to ask for additional debt relief?

Greece’s debt-to-GDP continues to rise and is now at 175 percent. Simply put, the Euro has proven too expensive for Greece. Like Sisyphus pushing the boulder up the mountain, in

Economics South and Central Asia

IMF forecasts Russian economic slowdown

Questions arise over the long-term viability of the Russian economy after the IMF downgrading of Russia’s GDP forecast from an estimated 2.5 to 1.5 percent in 2013 and 3.25 to

Finance International

IMF conference paper links currency depreciation to post-crisis growth

A new paper presented at the IMF’s Annual Research Conference suggests that emerging markets should counter liquidity problems from capital outflows with currency depreciation and reserve sales. Read the full IMF

Security Sub-Saharan Africa

Kenya’s tourism suffers following Westgate terror

The recent terrorist attack in Westgate mall in Nairobi has detrimental effects on Kenya’s tourism economy, but the sector is expected to recover quickly. The Kenyan economy relies heavily on

Economics Sub-Saharan Africa

Sudan’s Arab Spring?

Protests erupted in Khartoum after Sudanese President Omar Hassan al-Bashir announced the elimination of fuel subsidies last week. The question remains whether al-Bashir’s regime can weather these riots and restore

Economics International

IMF predicts a world economy in transition

GRI looks into the IMF’s predictions on the global economy, with a focus on the organization’s prognostication of a world market in transition. State of the world economy In the

Economics Europe

What Will Common EU Unemployment Benefits Mean?

While the idea of a central budget authority has been widely discussed, the common unemployment benefit has been largely neglected by the press. The IMF announced last Wednesday that the

Asia Pacific Economics

IMF urges Japan to address debt and reform economy

Recently, there has even been hope that Japan might move away from its persistent deflation, yet the IMF continues to urge Tokyo to do more. The International Monetary Fund urged

Europe Finance

Cyprus Bailout Process Moves Forward Despite Risks

Monitors from the International Monetary Fund (IMF), the European Commission and the European Central Bank, collectively called the troika, visited Cyprus from July 17 until July 31 to assess the

Asia Pacific Finance

China to Audit Local Governments and Reduce Financial Risk

On July 28th, China’s National Audit Office (NAO) announced that it will conduct a nationwide audit of government debt as Beijing tries to ascertain the financial risks to China’s continued