International Monetary Fund

Oil propels Saudi GDP growth

Saudi Arabia reported its fastest economic growth rate in a decade on May 1, as a booming oil sector fueled a 9.6 percent rise in the first quarter over the same period of 2021.

The preliminary results come after the world's biggest oil exporter resisted U.S. entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began.

Greece completes early repayment of bailout loans to IMF

Greece has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund, two years ahead of schedule, the country's finance minister said on April 4.

Christos Staikouras hailed the payment as "a very positive development" that would mean significant savings in debt servicing costs.

Kristalina Georgieva: Omicron could Slow Down the Pace of Global Economic Recovery

The spread of the Omicron variant of the coronavirus could lead to a slowdown in the recovery of the world economy, said today the managing director of the International Monetary Fund (IMF) Kristalina Georgieva, quoted by Reuters.

Georgieva speaks at the online forum "Reuters Next"

Investigation against IMF Chief Kristalina Georgieva, New Facts

Lawyers who investigated World Bank data-rigging allegations against IMF Managing Director Kristalina Georgieva violated World Bank staff rules by failing to notify her that she was a subject of the probe and by not allowing her to respond to its findings, Georgieva's attorney said.

US Senators with a Letter to President Biden Regarding Kristalina Georgieva

Senior US senators have called for "full accountability" in the World Bank case involving Kristalina Georgieva.

The chairman of the Senate Foreign Relations Committee, Democrat Robert Menendez, and James Rich, who is the highest-ranking Republican on the committee, sent a letter to President Joe Biden.

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