China’s massive debt is on a “dangerous” path, raising the risk of a sharp slowdown in growth, the International Monetary Fund warned on Aug. 15, urging Beijing to speed up structural reforms.
Negative interest rates imposed by central banks have generally worked as a tool to boost inflation, pulling down yields and sometimes weakening currencies, International Monetary Fund research has concluded.
Europe’s economic recovery is strengthening with unemployment in the eurozone dropping in June to its lowest since February 2009, according to official figures released on July 31.
The International Monetary Fund warned world leaders on July 28 to avoid resorting to protectionist measures “at all costs” due to the damage it would cause to their own and the global economy.
The International Monetary Fund could be based in Beijing in a decade if growth trends for China and other big emerging markets continue and these are reflected in the Fund’s voting structure, IMF Managing Director Christine Lagarde said on July 24.
The International Monetary Fund (IMF) has hailed Turkey’s 2017 economic growth thanks to a strong recovery in the country’s exports in its updated World Economic Outlook
The Turkish government has sought to stem the economic fall-out from a growing diplomatic crisis with NATO ally Germany, noting that German investments in Turkey were fully guaranteed by both Ankara and its laws.
The International Monetary Fund late on July 20 approved a one-year, $1.8 billion loan program for Greece but will not release any funds until the eurozone agrees on a debt relief plan, in a highly unusual compromise step.
President Recep Tayyip Erdoğan urged Germany to “pull itself together” on July 21 amid an escalating row between the two countries, also refuting claims that German companies were under investigation in Turkey
The International Monetary Fund (IMF) has praised Turkey’s progress in fiscal transparency practices in a new report.
The International Monetary Fund has approved a second tranche of a $12 billion loan to Egypt, praising the country’s tough economic reforms that have fuelled inflation.
Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbors, Central Bank Governor Sheikh Abdullah Bin Saoud al-Thani said.
Category: FOLDED CORNER
FOLDED CORNER - ‘Politics of Favoritism in Public Procurement in Turkey: Reconfigurations of Dependency Networks in the AKP Era’ by Esra Çeviker Gürakar (Palgrave, 127 pages, $54)
The International Monetary Fund, a key creditor in Greece’s bailout, will not participate in any further rescues of the debt-wracked country, Germany’s finance minister told a Greek newspaper on July 1.
Category: TAHA AKYOL
Turkey is facing a new crisis in the Middle East: The crisis between Qatar and four Arab states that want to oppress it. The four Arab states are Saudi Arabia, Egypt, Bahrain and the United Arab Emirates (UAE), but they have supporters.
The International Monetary Fund on June 27 cut its growth forecasts for the U.S. economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump’s tax cut and fiscal spending plans would boost growth.
Category: GÜVEN SAK
“People who love sausage and people who believe in justice should never watch either of them being made.” So said Otto von Bismarck, the great German statesman of the 19th century, according to legend.
Category: MUSTAFA AYDIN
Former German Chancellor and statesman Helmut Kohl, the longest-serving postwar Western leader, died at the age of 87 on June 16.
Eurozone governments threw Greece another 11th-hour credit lifeline on on June 15 worth $9.5 billion and sketched new detail on possible debt relief as the International Monetary Fund (IMF) finally offered to help out after two years of hesitation.
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