International development

According to the Bloomberg news agency, a Greek official today left open the possibility of the country needing more fiscal measures in 2018, speaking to reporters. The same official stressed that the government is opposed to the IMF’s request to conduct a new AQR assets for banks.

French President Emmanuel Macron on Thursday urged the International Monetary Fund to show "good faith" in upcoming Greek debt talks.

"The IMF's role in the end of these talks must be in good faith and without adding further conditionality," Macron told journalists in a joint news conference in Athens with Greek Prime Minister Alexis Tsipras.

The World Bank Group and Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF) with a substantial amount of financing line late in August.

The 2018-2021 CPF for Turkey focuses on three core areas: Growth, inclusion and sustainability, read a World Bank Group statement, which was released on Aug. 30. 

The IMF Executive Board has completed the seventh review of Serbia's current stand-by arrangement (SBA) and concluded its Article IV consultations with Serbia.

The National Bank of Serbia (NBS) announced this on Thursday, according to the Serbian government.

The IMF Executive Board has completed the seventh review of Serbia’s current stand-by arrangement (SBA) and concluded its Article IV consultations with Serbia.

The National Bank of Serbia (NBS) announced this on Thursday, according to the Serbian government.

Greece accounted for just 60, or 0.56 percent, of 10,660 foreign direct investment (FDI) projects in seven Mediterranean countries between 2011 and 2015, according to a study conducted by EY.

Turkey received over $4.9 billion in net foreign direct investment (FDI) during the first half of 2017, with the European Union being the top investor again, Economy Ministry data released on Aug. 22 revealed.        
Foreign investment in Turkey decreased by 8 percent during the January-June period this year compared with the same period of 2016, it showed.        

The International Finance Corporation (IFC), a member of the World Bank Group, has said it is providing a $25 million loan to Nobel İlaç, a leading pharmaceutical company in Turkey and the country's only net exporter in the sector, to help meet the growing demand for innovative, affordable, and high-quality medicine in Turkey.

China's massive debt is on a "dangerous" path, raising the risk of a sharp slowdown in growth, the International Monetary Fund warned on Aug. 15, urging Beijing to speed up structural reforms.

The IMF, which has repeatedly warned China over its ballooning debt, said in a new report that the world's second largest economy must turn toward a sustainable growth path.

Serbia ranks first in a global greenfield foreign direct investment (FDI) performance index, produced by fDi Intelligence, the Financial Times' data division.

The index measures the appeal of countries as destinations for greenfield FDI relative to their GDP.