international financial institution

BELGRADE - An International Monetary Fund (IMF) mission will visit to Serbia on Thursday for a third review under an arrangement Serbia has with the international financial institution, with the first meeting to be held at the National Bank of Serbia (NBS).

The IMF delegation will be headed by Mission head Donal McGettigan.

Upon his return to Budapest, Szijjarto welcomed another international pariah, this time in the form of Sergey Aleinik, the Belarusian foreign minister.

In the presence of Prime Minister Kiril Petkov, Deputy Prime Minister for EU Funds and Minister of Finance Asen Vassilev and President of the European Bank for Reconstruction and Development Odile Renaud-Basso signed a memorandum of understanding with which the international financial institution will assist the Bulgarian government in structural reforms and implementation of projects financed

The projections published on Tuesday by the International Monetary Fund confirms that the Romanian government has started from correct budgetary premises and that Romania is on the right track, but caution is still needed, especially regarding government outlays, according to Finance Minister Alexandru Nazare.

The International Monetary Fund (IMF) said on Jan. 25 that it expects Turkey's economy to expand by around 6% in 2021 with the country's COVID-19 vaccine rollout and recovery in trading partner growth.  

The World Bank increased Turkey's gross domestic product (GDP) projection for 2020, according to its Global Economic Prospects report released on Jan. 5. 

The international financial institution estimates that the Turkish economy grew 0.5% in 2020, up from an estimated 3.8% contraction in June, "amid a substantial expansion in credit," the report said.

The Romanian economy is expected to grow 3.5 percent this year, after a contraction of 5 percent in 2020, and is next seen picking up to 4.1 percent in 2022, according to the World Bank's January 2021 Global Economic Prospects, the financial organization's latest report on the outlooks for the world economy.

Romania's economy is projected to contract by 6% in 2020 after many years of robust growth, whereas the general government deficit is forecast to increase to around 9.2% of the GDP in 2020, according to the European Economic Forecast - Spring 2020, published by the European Commission (CE) on Wednesday.

US President Donald Trump's administration is considering nominating Jeffrey Okamoto, Assistant Secretary of the Treasury, as the first deputy managing director of the International Monetary Fund (IMF), Kristalina Georgieva, citing three people familiar with the process of selection.

The European Bank for Reconstruction and Development (EBRD) has improved its estimates of Romania's economy in 2019 and maintained its 2020 GDP forecast, according to a press statement released on Wednesday by the bank. According to the latest EBRD forecasts, Romania's economy is expected to grow 4pct this year, up from its previous estimates of May 2019's 3.2pct.