The International Monetary Fund's (IMF) Governing Council has confirmed that it has full confidence in Managing Director Kristalina Georgieva, after examining allegations that during her time at the World Bank she pressured experts to change data in a way that would benefit China. , world agencies reported.
The World Bank has raised its gross domestic product (GDP) growth forecast for Turkey in 2021 to 8.5 percent.
In its July projection, the bank had pointed to an expansion of 5 percent, according to Europe and Central Asia Economic Update released on Oct. 5.
"Turkey's economy was one of the few to avoid a contraction last year, partly owing to substantial credit expansion.
The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's return to pre-crisis indicators will take place only in 2022. The expected annual inflation of 3.2% is unchanged.
Ljubljana/Brussels – EU leaders will gather in Brdo pri Kranju on Tuesday for a strategic debate on the EU’s international role in the light of developments in Afghanistan, the AUKUS security partnership and relations with China. On Wednesday, the Slovenian EU presidency will host an EU-Western Balkans summit, but no significant developments are expected.