International development

BELGRADE - An IMF mission led by James Roaf will visit Serbia from June 22 through July 4 to conduct a seventh review under a stand-by arrangement with the country, IMF Resident Representative Sebastian Sosa announced Monday.

An IMF mission led by James Roaf will visit Serbia from June 22 through July 4 to conduct the seventh review under a stand-by arrangement, Tanjug reported.

IMF Resident Representative Sebastian Sosa made the announcement on Monday.

An IMF mission led by James Roaf will visit Serbia from June 22 through July 4 to conduct the seventh review under a stand-by arrangement, Tanjug reported.

IMF Resident Representative Sebastian Sosa made the announcement on Monday.

Germany's parliament will discuss an 8.5 billion euro bail-out deal agreed with Greece on Friday, Wolfgang Schaeuble said after a meeting with his fellow eurozone finance ministers, insisting that the deal would help restore Greece to competitiveness.

When the eurozone finance ministers last gathered in Brussels on May 22 to haggle over debt relief for Greece, Spain's representative Luis de Guindos turned to the International Monetary Fund's representative Poul Thomsen and, according to the leaked minutes of the meeting, said, "You cannot be half-pregnant."

The foreign direct investment (FDI) inflow into Turkey plunged by 31 percent to $12 billion in 2016, as the failed coup attempt cast doubt on political stability in the country, the World Investment Report 2017 by the United Nations Conference on Trade and Development (UNCTAD) has shown. 

International Monetary Fund Managing Director Christine Lagarde has offered Greece's European creditors a way out of their impasse over Athens's debts that would allow the eurozone to release a tranche of aid later this month.

Greece remains a laggard in attracting foreign direct investment despite a 123 percent increase in 2016 compared to the year before, according to the latest annual report by Ernst & Young.

Among the 44 European countries surveyed for FDI attractiveness, Greece ranked 34th in the number of FDI projects and 35th in the number of jobs created.

Turkey attracted $2.8 billion net foreign direct investment (FDI) in the first quarter of the year with a 1.9 percent year-on-year increase, data from the Economy Ministry showed on May 23. 

A total of $1.6 billion FDI entered into the country in March, according to the ministry data. 

The Industrial Development Bank of Turkey (TSKB) has committed to fund around $3.5 billion out of a total of $9.1 billion to initiate over 5 gigawatts of clean energy installed capacity in Turkey, a bank representative said on May 22.