International Monetary Fund

Bulgarian National Bank: Incompetent and Irresponsible Statements! Changing the BGN-EUR Exchange Rate is Impossible

"Changing the leva-euro exchange rate is impossible". This is stated by the Bulgarian National Bank to National radio, after yesterday information was spread, which is claimed to be from a report of the Ministry of Finance, according to which there is a risk of a change in the exchange rate of the leva against the euro.

Bulgaria’s Finance Minister: There is No Risk of Bankruptcy

"There is no risk of bankruptcy of the state, nor of the intervention of the International Monetary Fund and the need to take out new debt." This was stated on the National Television by the Acting Minister of Finance Rositsa Velkova. Her comment was on the occasion of the two scenarios of the long-term budget forecast leaked to the media yesterday.

Ukraine claims new gains, welcomes Western air defense pledge

Ukraine said on Oct. 13 it had reclaimed more territory in the south and welcomed a Western pledge to deliver air defense systems to Kiev "as fast as we can" after days of intense Russian missile strikes.

A US-led group of around 50 countries held talks at the NATO headquarters in Brussels and vowed to deliver new anti-missile systems to Kiev.

US announces $40 million agricultural aid to Sri Lanka

The United States has announced $40 million in aid to buy fertilizer and other key agricultural inputs in time for the next cultivation season in crisis-hit Sri Lanka.

USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after she met farmer representatives in Ja-Ela outside the capital, Colombo.

IMF fees on war-torn countries closer to elimination

The International Monetary Fund is facing pressure to reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine which is one of the fund's biggest borrowers.

The move comes as more countries will need to turn to the IMF, as food prices and inflation internationally continues to rise.

Sri Lankan President requests Vladimir Putin for Credit to import Fuel

 As Sri Lanka continues to battle its worst financial crisis in seven decades, President Gotabaya Rajapaksa has sought urgent credit support to import fuel to the island nation in a telephonic conversation with the Russian President Vladimir Putin on Wednesday (local time).

Albania Proposes Controversial Amnesty for Undeclared Assets

Albanian Prime Minister Edi Rama (left) and Socialist Party secretary-general Damian Gjiknuri. Photo: LSA

The opposition claims that the scheme would allow criminal to launder proceeds of illegal activities, in a country where money-laundering and organised crime are a serious concern.

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