IMF and Ukraine Sign Memorandum for Pension and Social Security System Reforms

IMF and Ukraine Sign Memorandum for Pension and Social Security System Reforms

Ukraine, Saturday 01 April 2023 11:03 Photo: Ukraine promised the IMF to carry out pension reform (Vitaly Nosach, RBC-Ukraine) The Ukrainian authorities in a letter of intent to the leadership of the IMF (Memorandum) pledged to reform the system of pensions and social security. “We will undertake significant changes in the pension and social security … Read more

War will have ‘devastating’ consequences for Russian economy – IMF chief

War will have ‘devastating’ consequences for Russian economy – IMF chief

“When you take our forecasts for the medium term, they mean that the Russian economy will shrink by at least 7%,” said Kristalina Georgieva. Russia’s economy will suffer over time, she said, with workers emigrating, cutting off access to technology, and imposing sanctions on the country’s energy industry. As Georgieva noted, despite the fact that … Read more

The Enmity between Ukraine and Russia Is Truly a Global Conflict

The Enmity between Ukraine and Russia Is Truly a Global Conflict

loading… Head of the International Monetary Fund (IMF) Kristalina Georgieva. Photo/REUTERS DAVOS – The ongoing hostilities between Russia and Ukraine are truly a global conflict sending ripples around the world. Head of the International Monetary Fund (IMF) Kristalina Georgieva revealed this on Friday (20/1/2023). Previously, Russian officials repeatedly insisted that many NATO countries were involved … Read more

Ouch! There’s a New Warning from the IMF, Asia Could Suffer

Ouch!  There’s a New Warning from the IMF, Asia Could Suffer

Jakarta, CNBC Indonesia – The International Monetary Fund (IMF) has again issued a warning regarding the risk of fragmentation in the global economy. In her latest note released Monday (16/1/2023), IMF Managing Director Kristalina Georgieva said the disintegration of trade and technological change had hurt some communities. Public support for economic openness has declined in … Read more

The horror of the IMF’s full forecast that brought the JCI to a screeching halt

The horror of the IMF’s full forecast that brought the JCI to a screeching halt

Jakarta, CNBC Indonesia – The International Monetary Fund (IMF) warns that the global economy will face challenging times in 2023. In fact, a third of the world economy is in a recession. The forecast was actually quite dire. The Jakarta Composite Index (IHSG) suffers. Indeed, yesterday the index hit its first deepest drop this year. … Read more

The IMF warns that 2023 will be tough, these 3 economic giants are the culprits

The IMF warns that 2023 will be tough, these 3 economic giants are the culprits

Jakarta – Chief Executive Officer of the International Monetary FundIMF), Kristalina Georgieva reminded that the global economy in 2023 will be more difficult than in previous years. “We estimate that a third of the world economy will experience a recession. Why? Because the three major economies, the United States, the European Union and China, are … Read more