International Monetary Fund

Tabakovic: IMF has confirmed adequacy of Serbia's economic policy

BELGRADE - The IMF Executive Board has made a decision on successful completion of the first review of the results of the economic programme of the Republic of Serbia, supported by a stand-by arrangement (SBA), and concluded regular consultations under Article IV of the IMF's Articles of Agreement that were held with Serbia, the National Bank of Serbia (NBS) said in a statement on Thursday.

Mali: IMF Executive Board has approved first review under arrangement with Serbia

BELGRADE - The IMF Executive Board has decided that a first review under a stand-by arrangement with Serbia was successful, and Serbian Finance Minister Sinisa Mali said on Thursday the decision was another confirmation of the appropriateness of Serbia's economic policy and structural and institutional reforms.

Sri Lanka to restructure domestic debt

Sri Lankan authorities have declared a five-day closure of financial markets from June 29 ahead of a controversial move to restructure the government's domestic debt amounting to more than $51 billion.

The restructuring affects government bonds in line with an IMF bailout agreed in March, after Sri Lanka defaulted on its foreign debt in April last year and declared bankruptcy.

AIIB serves China's interests: Ex-executive

The Asian Infrastructure Investment Bank "serves China's interest" and Beijing wields "undue" influence over what is supposed to be a multilateral organisation, a former executive told AFP yesterday after resigning.

In the wake of his resignation, Canada's Finance Minister Chrystia Freeland announced Ottawa would "immediately halt all government-led activity at the Bank".

Erdogan’s mirror and the mistakes of the West

We are all trying to guess what foreign policy Turkish President Recep Tayyip Erdogan will follow after his re-election, toward the West and of course toward Greece. In order to answer this question we need to know if and how much Erdogan depends on the US and Europe in order to face the huge economic crisis his country is facing.

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