International Monetary Fund

Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP.

Alfred Kammer, head of the IMF's European Department, urged countries in the region to take a series of steps to ease the blow, including reducing consumption to build up inventory.

The International Monetary Fund on April 19 downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants.

Washington – The International Monetary Fund (IMF) has downgraded its projections for global economic growth in its latest World Economic Outlook, including Slovenia’s. The country’s GDP is projected to increase by 3.7% this year and by 3% in 2023, a downgrade of 0.9 and 0.6 percentage points, respectively, from the October forecast.

Treasury and Finance Minister Nureddin Nebati will meet with his counterparts, executives of international organizations and global companies on the sidelines of the IMF-World Bank meetings in Washington, D.C., this week.

The head of the International Monetary Fund warned on April 14 that Russia's war against Ukraine was weakening the economic prospects for most of the world's countries and called high inflation "a clear and present danger" to the global economy.

He was removed from politics and public life in general after the Sofitel scandal in New York in 2011. He now lives in Morocco where he is very involved in humanitarian action and continues to provide his valuable advice to private companies with absolute discretion.

Greece has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund, two years ahead of schedule, the country's finance minister said on April 4.

Christos Staikouras hailed the payment as "a very positive development" that would mean significant savings in debt servicing costs.

The International Monetary Fund (IMF) will keep financial sectors of seven countries, including Turkey, under spotlight this year, the global crisis lender said in a blog post on Feb. 4.

The IMF has approved a $1 billion loan disbursement for Pakistan after signaling approval with recent government reforms.

The money comes from an agreement that was approved in July 2019 for a $6 billion loan over a period of more than three years under the Washington-based crisis lender's Extended Fund Facility.

Argentina has reached an agreement with the International Monetary Fund to refinance more than $40 billion in debt, President Alberto Fernandez has said.

"We had an unpayable debt that left us without a present or a future, and now we have a reasonable agreement that will allow us to grow and comply," Fernandez said on national television on Jan. 28.