IMF projects 3.8% growth for Cameroon in 2018, 4.4% in 2019 on infrastructure projects, African Cup of Nations

The International Monetary Fund (IMF) Tuesday projected Cameroon’s overall economic growth will reach 3.8 percent in 2018, from 3.5 percent in 2017. According to the IMF, the projected slight recovery in economic growth is mainly driven by construction activity related to public infrastructure projects and the 2019 Africa Cup of Nations (CAN). “Medium-term prospects remain […]

IMF says progress has been made on support to Argentina

IMF

Christine Lagarde, the International Monetary Fund’s (IMF) managing director, has said progress has been made with Argentina on how best the Fund can support the country in the face of renewed financial volatility and a challenging economic environment, adding that “discussions will now continue on a technical level.” The IMF released Lagarde’s remarks early Wednesday, […]

IMF forecasts 7.5% growth for India in 2019-20

IMF

The International Monetary Fund (IMF) has projected a 7.5 percent growth for India in fiscal 2019-2020 on strengthening investment and robust private consumption. The IMF in a report published Tuesday, equally said the near-term macroeconomic outlook for India is “broadly favourable.” The report specifically noted that growth is forecast to rise to 7.3 percent in […]

IMF appoints Rhoda Weeks-Brown as general counsel, director of legal department

Rhoda Weeks-Brown

Rhoda Weeks-Brown has been appointed as the International Monetary Fund (IMF) general counsel and director of its legal department, Christine Lagarde, managing director of the IMF announced on Tuesday. According to Lagarde, throughout her 21-year career with the IMF, Weeks-Brown has contributed to virtually all aspects of the institution’s work. “In addition to a sharp […]

IMF projects 1,000,000% inflation rate in Venezuela by year-end

IMF, Cryptocurrency

The International Monetary Fund (IMF) is projecting a surge in inflation to 1,000,000 percent by end of 2018 to signal that the situation in Venezuela is similar to that in Germany in 1923 or Zimbabwe in the late 2000s. According to Alejandro Werner, head of the IMF’s western hemisphere department Venezuela remains stuck in a […]

Global expansion strong but less even, more fragile, under threat – IMF

IMF

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced, according to Maurice Obstfeld, professor and chief economist at the International Monetary Fund in an IMFblog article published Monday, July 16, 2018. “In our latest World Economic Outlook Update, we continue to project […]

IMF cuts 2017 growth forecasts for UK, US

The International Monetary Fund has cut its growth forecast for the UK economy this year after a weak performance in the first three months of 2017. In its first downgrade for the UK since the EU referendum in June last year, the IMF said it expected the British economy to expand by 1.7% this year, […]