International Monetary Fund

Ukraine claims new gains, welcomes Western air defense pledge

Ukraine said on Oct. 13 it had reclaimed more territory in the south and welcomed a Western pledge to deliver air defense systems to Kiev "as fast as we can" after days of intense Russian missile strikes.

A US-led group of around 50 countries held talks at the NATO headquarters in Brussels and vowed to deliver new anti-missile systems to Kiev.

IMF revises Slovenia growth forecast

Washington, – The International Monetary Fund (IMF) has revised its projections for Slovenia in its latest World Economic Outlook. The country’s GDP is projected to increase by 5.7% this year, an upgrade of 2 percentage points on its April figures, as the forecast for 2023 was corrected downwards by 1.3 points to 1.7%. Inflation is to near 9% this year.

US announces $40 million agricultural aid to Sri Lanka

The United States has announced $40 million in aid to buy fertilizer and other key agricultural inputs in time for the next cultivation season in crisis-hit Sri Lanka.

USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after she met farmer representatives in Ja-Ela outside the capital, Colombo.

IMF fees on war-torn countries closer to elimination

The International Monetary Fund is facing pressure to reevaluate how it imposes fees on loans it disperses to needy countries like war-torn Ukraine which is one of the fund's biggest borrowers.

The move comes as more countries will need to turn to the IMF, as food prices and inflation internationally continues to rise.

Pages