United Nations Development Group

Discussions with IMF mission completed

BELGRADE - Discussions between an International Monetary Fund (IMF) mission and a delegation of the Republic of Serbia were completed on Tuesday, the National Bank of Serbia (NBS) said in a statement, noting that "macroeconomic outturns under the programme remain strong, with growth recovering, a solid fiscal position, ongoing disinflation, record-high FX reserves and a strong labour market." <

World Bank plans $6 billion of financial support for Egypt

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

IMF mission to begin visit to Serbia on Thursday

BELGRADE - An International Monetary Fund (IMF) mission will visit to Serbia on Thursday for a third review under an arrangement Serbia has with the international financial institution, with the first meeting to be held at the National Bank of Serbia (NBS).

The IMF delegation will be headed by Mission head Donal McGettigan.

Bulgaria to Nominate Kristalina Georgieva for Second Term as IMF Managing Director

Bulgaria is gearing up to nominate Kristalina Georgieva for a second term as the head of the International Monetary Fund (IMF), according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB) and the governor of the IMF for Bulgaria.

Egypt secures extra $5 billion in IMF loans

Egypt has secured an additional $5 billion in IMF loans, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

The Central Bank's decision to raise the key deposit rate to a record 27.25 percent caught the market by surprise.

The bank also committed to "allowing the exchange rate to be determined by market forces."

Pages