International Monetary Fund

Greece needs ‘more fiscal space’ to implement growth policies, says FinMin

Greece needs more "fiscal space in the next two years" via lower primary surplus targets in order to implement the recently elected center-right government's economic policies, Finance Minister Christos Staikouras said.

"We are emphatic about this and present good arguments," he told Germany's Der Spiegel in an interview over the weekend.

The G7 Countries Plan to Discuss a Unified Approach to the Coronavirus

The G-7 countries plan to discuss a unified approach to the coronavirus, German Health Minister Jens Spahn said on Tuesday.

A spokesman for the Health Ministry confirmed that Spahn had told reporters that he had spoken to U.S. Health Secretary Alex Azar to look for a joint approach and they had agreed to hold a conference all among G7 countries, Reuters reported.

Kristalina Georgieva: Bulgaria's Entry into the Eurozone, Planned for 2023, is "Entirely Foreseeable"

In the Sunday 150 show of Horizont program of the BNR, the managing director of the International Monetary Fund, Kristalina Georgieva, stated that overall Bulgaria stood "very good" on its way to the Eurozone and its entry into it, planned for 2023, is "entirely foreseeable".

Bulgaria Join in the IMF's Somalia Debt Fundraising Initiative

The Council of Ministers approved the participation of the Republic of Bulgaria in the International Monetary Fund (IMF) initiative to raise funds to settle Somalia's debt to the IMF, amounting to EUR 242 million.

The amount with which Bulgaria will join is amounting to 1.48 million SDR (special drawing rights)

IMF revises down global growth forecast for 2019-2021

The International Monetary Fund (IMF) has downgraded its growth forecasts for 2019-2021, primarily reflecting negative surprises to economic activity in a few emerging markets.

In its latest World Economic Outlook, the fund expected global economy to grow 2.9 percent in 2019, 3.3 percent in 2020, and 3.4 percent in 2021

A symbolic farewell to the IMF

The announcement by Prime Minister Kyriakos Mitsotakis on the closure of the International Monetary Fund office in Athens following his recent meeting with the IMF's new managing director, Kristalina Georgieva, had an obvious symbolic character: to mark the end of an era. The office opened in 2010, and in the popular mind it is identified with Greece during the period of the memorandums.