International Monetary Fund

Greece's privatization agency (TAIPED) said on Tuesday that it has shortlisted seven investors for the purchase of a majority stake in the country's dominant gas supplier, DEPA Commercial.

Finance Minister Christos Staikouras has appointed Michalis Masourakis as Greece's new representative to the International Monetary Fund (IMF), according to a ministry statement on Tuesday.
On September 1 Masourakis will succeed Michalis Psalidopoulos who leaves its post after five years and whom the government and the ministry thanked for his contribution and cooperation.

Future eurozone bailout programs should aim more at restoring economic growth rather than focusing mainly on fiscal tightening, and their length should be set accordingly, an independent report commissioned by the bloc's bailout fund said.

Three months after the cancelation of the conventional form of the event, the Delphi Economic Forum returns in its fifth edition in digital form on June 9-12, titled "The Day After."

The four-day online conference features a rich eight-hour daily program, focused on the challenges and initiatives stemming from the coronavirus pandemic, and its impact on the world.

The steep contraction of the global economy will be followed by a slow rebound as the coronavirus pandemic starts to subside, Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, tells Kathimerini.

The International Monetary Fund( IMF) said that the worldwide monetary standpoint has declined since its most recent estimate three weeks back and the world can anticipate more influxes of budgetary market disturbance.

On May 1, Serbian President Aleksandar Vucic had a message for Serbs fearful for their future finances in the era of COVID-19.

"I am absolutely sure," he told a news conference, "that we will be the No. 1 country on the whole European continent this year in terms of growth rate," and "one of the best in the whole world."

The European Bank for Reconstruction and Development (EBRD) has downgraded its estimates of Romania's economic developments in 2020 as a result of the crisis caused by the coronavirus pandemic, according to the bank's latest Regional Economic Prospects published on Wednesday.

Although almost three weeks have passed since the International Monetary Fund transferred 330 million euros to Bosnia and Herzegovina to combat the coronavirus crisis, the country's political leaders have not yet agreed on how to distribute the money.

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Pandemic Boosts Support for Europe's Autocrats

Linda Van Gelder, the World Bank's director for the Western Balkans, was unequivocal in stating that the coronavirus "is wreaking havoc on lives around the region — taxing health care systems, paralysing economic activity and undermining the wellbeing of people".