International Monetary Fund

Bulgaria Join in the IMF's Somalia Debt Fundraising Initiative

The Council of Ministers approved the participation of the Republic of Bulgaria in the International Monetary Fund (IMF) initiative to raise funds to settle Somalia's debt to the IMF, amounting to EUR 242 million.

The amount with which Bulgaria will join is amounting to 1.48 million SDR (special drawing rights)

A symbolic farewell to the IMF

The announcement by Prime Minister Kyriakos Mitsotakis on the closure of the International Monetary Fund office in Athens following his recent meeting with the IMF's new managing director, Kristalina Georgieva, had an obvious symbolic character: to mark the end of an era. The office opened in 2010, and in the popular mind it is identified with Greece during the period of the memorandums.

IMF Chief Kristalina Georgieva: The World is Changing Faster than Ever, Make Structural Reforms

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stressed in an interview with CNN that the world is changing much faster than it has changed in the last one or two for decades.

According to her, Africa is the place where investors' attention should be drawn, BNR reports.

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