International Monetary Fund

World Bank's ex-CEO Kristalina Georgieva Accused on Exerting Pressure on Bank's staff to Boost China's Ranking in "Doing Business 2018" Report

World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday.

Central Bank reserves top $120 bln, 1st time since November 2016

The Turkish Central Bank's total reserves rose by $944 million to hit $120.1 billion last week, for the first time since November 2016.

According to weekly money and bank statistics published by the bank, the gross foreign exchange reserves increased by $1.6 billion to $79.6 billion on Sept. 10, from $78.5 billion on Sept. 3.

Greece plans early repayment of loans

Greece is "getting rid" of expensive debt, laying the groundwork for the early repayment of part of the bilateral loans from the first Memorandum of 2010 (2.7 billion euros per year) and the further repayment of IMF loans (1.9 billion euros). The signal was officially sent by the Minister of Finance Christos Staikouras and according to information, these moves will start in the near future.

Over 190 Investment Projects Awaiting Approval in 12 Member-states of 3SI

More than 190 projects in the Three Seas region are awaiting approval from member states' investment funds, the chairman of the supervisory board of the institution told BNT on July 8. At today's forum, the American Chambers of Commerce in all Member States agreed to always support the initiative as a co-organizer of events.

Head of IMF: Economies in Three Seas Countries to Grow by 1,2% Faster than Elsewhere in EU

The Managing Director of the International Monetary Fund, Kristalina Georgieva, gave a press conference on July 8. She was among the participants in the Presidential Panel of the business forum of the Three Seas Initiative: "Road to smart development and comprehensive economic growth".

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