International Monetary Fund

EBRD lowers forecasts of Romania's economic growth in 2019

The Romanian economy will grow by 3.2 percent this year, compared with a 3.6-percent forecast issued in November, indicate the latest forecasts released on Wednesday by the European Bank for Reconstruction and Development (EBRD). For 2020, the EBRD expects another 3.2-percent expansion in Romania's Gross Domestic Product (GDP).

BIRN Fact Check: Is Serbia Among Europe’s Fastest Growing Economies?

Speaking at an event organized by the ruling Serbian Progressive Party in Belgrade on May 4, Serbian Finance Minister Sinisa Mali said that Serbian GDP grew last year by 4.3 per cent.

The minister said this "has put Serbia among the [top] 10 economies of Europe in terms of GDP growth, and means we no longer compete with countries in the region".

The President of Venezuela Raises the Minimum Wage

The new minimum wage covers only 1/10 of the cost of basic food products, reported NOVA TV. 

Venezuelan President Nicolas Maduro doubled the minimum wage to the equivalent of about $ 8 per month in a situation of hyperinflation and a strong devaluation of the Bolivar national currency, France's press reported, quoted by BTA.

Greece submitted request for early IMF loan repayment

Greece submitted an official request to the eurozone bailout fund on Monday, seeking its consent for the early repayment of loans owed to the International Monetary Fund (IMF), a Greek finance ministry official said.
The Greek government sent a request to the European Stability Mechanism (ESM) for the repayment of part of its IMF loans, the official said.

Greece gains economic ‘freedom’ by repaying IMF loans earlier, PM says

Repaying earlier expensive International Monetary Fund loans is a significant step for Greece which will create favorable conditions for its economy, Prime Minister Alexis Tsipras on Monday, promising more relief measures.

"We are gaining points of [economic] freedom," Tsipras said during an interview with Greece's Antenna television.