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.
"The de-dollarization process has begun"
The United States of America itself is to blame for the fact that many countries began to give up trade in US dollars, Alexei Mozhin, Russia's representative at the International Monetary Fund, told "RIA Novosti".
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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.
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The blast from the past? Grim forecast for Germany
After falling into recession at the beginning of the year, it seems that Germany will end the year in the red and at the bottom of its Eurozone competitors, reports Bosnian Klix.
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German economy bids goodbye to years of plenty
On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.
But the picture painted by business leaders and experts is less rosy, predicting hard times to come for Europe's largest economy.
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UN steps up criticism of IMF and World Bank
From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.
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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".
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NBS gross FX reserves hit record-high 22.08 bln euros at end-May
BELGRADE - Increasing by 531.4 mln euros from the previous month, National Bank of Serbia (NBS) gross FX reserves reached 22.088 bln euros at end-May, their highest end-of-month level since records began in 2000.
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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