IMF Growth Forecast: 2024 🇺🇸 US: 2.6% 🇩🇪 Germany: 0.2% 🇫🇷 France: 0.9% 🇮🇹 Italy: 0.7% 🇪🇸 Spain: 2.4% 🇬🇧 UK: 0.7% 🇯🇵 Japan: 0.7% 🇨🇦 Canada: 1.3% 🇨🇳 China: 5.0% 🇮🇳 India: 7.0% 🇷🇺 Russia: 3.2% 🇧🇷 Brazil: 2.1% 🇲🇽 Mexico: 2.2% 🇸🇦 Saudi Arabia: 1.7% 🇳🇬 Nigeria: 3.1% 🇿🇦 South Africa: 0.9% https://lnkd.in/ebJ7ipUA
International Monetary Fund
International Trade and Development
Washington, DC 829,664 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
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https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
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Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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The IMF’s XVIII Regional Conference on Central America, Panama and the Dominican Republic, jointly organized by the Fund and the Central Bank of Costa Rica, starts this Monday July 29 in San José 🇨🇷. As the first in-person event since the pandemic, this year’s conference marks a special gathering, in which authorities from central banks, ministries of finance, and supervisors of the financial system meet to exchange views on the economic challenges faced by the region. More information in the link below ⬇️ https://lnkd.in/ebeUUDyA
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This edition of the Weekend Read covers MD Georgieva's policy priorities for the G20, emerging market currency developments and their financial stability implications, Qatar's path toward economic diversification, a look at the IMF's evolution, staff papers and more. Our key takeaway this week: "A low-growth world is an unequal, unstable world", says IMF Managing Director Kristalina Georgieva.
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With climate change, economies face more severe disasters more often. Earlier this month, Jamaica’s Port of Kingston saw a sharp drop in maritime trade as Hurricane Beryl swept by the southern coast. Activity recovered the following week. Learn more at https://portwatch.imf.org/
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🇱🇾 Libya's economy grew by 10%, recovering from oil production stoppages in 2022. Looking ahead, the country should focus on: - Further advancing the reunification of the central bank. - Better coordination between fiscal and monetary policies to strengthen economic policy credibility. - Over the medium term, diversifying away from hydrocarbon exports. https://lnkd.in/dgv3Tpmz
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We must do more to ensure fiscal policies support the most vulnerable people. The challenge is that many economies face severe fiscal pressures. In developing countries, debt-servicing takes up a bigger share of tax revenue just as they face growing spending demands, from infrastructure investment to climate adaptation. A gradual and people-focused fiscal effort can alleviate fiscal risks while limiting any negative impact on growth and inequality. Read more in our latest blog: https://lnkd.in/egBWM52X
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Qatar's investment in public infrastructure is helping diversify its economy. The country can leverage the newly built infrastructure from the 2022 FIFA World Cup to generate jobs, foster businesses, and create opportunities beyond the oil and gas sectors, driving further economic growth. Learn more in our latest Country Focus: https://lnkd.in/eiZiR9G5
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The past six months underscore the importance of interest rate differentials as a key driver of exchange rates. Currencies can depreciate even if a country’s economic outlook is solid because the relative level of interest rates matters most. See our latest blog for more on how these dynamics are playing out across the world’s emerging market economies: https://lnkd.in/e_Fjthqp
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International Monetary Fund reposted this
Food insecurity is not only a pressing humanitarian and moral concern. It is also a critical economic issue with detrimental implications for national economies and the world at large. It can have broad macroeconomic effects, including higher inflation, increased poverty, and Balance of Payment (BoP) difficulties, and is made worse by geopolitical fragmentation and a challenging macroeconomic landscape involving weakened GDP growth, elevated inflation, and high debt levels. With a global macroeconomic and financial stability mandate, the International Monetary Fund brings its core strengths to bear - policy advice, capacity development support, and BOP financing - to help tackle food insecurity, closely collaborating with its members and partners. Ultimately, taking on food insecurity demands global cooperation, both in responding to immediate food crises and in strengthening long-term food security globally. The international community must seize every opportunity for ever closer coordination and action; the alternative is too dire!! Read my new article on ‘Food (In)security: A Macroeconomic Perspective’ in the Columbia, SIPA Journal of International Affairs’ Special Digital Issue on 'Global Food Security', in collaboration with the International Fund for Agricultural Development (IFAD) https://lnkd.in/eSYzhBkN
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Policymakers should focus on improving medium-term growth prospects through better resource allocation, improved education opportunities, faster innovation, and stronger policy frameworks. Fiscal and trade issues are some of the key risks. https://lnkd.in/eVhh3HaM
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