Finance & Economics

Syria and Africa Funds: Parliament urges member states to pay up

Parliament urged member states to fulfil their pledges and pay for the EU migration actions that have been agreed by EU leaders. In Wednesday's debate, MEPs proposed to use an unexpected windfall of €2.3 billion from EU fines and customs duties to finance some of the measures. The Commission earlier said the new trust funds set up for Syria and Africa were short of €2.22 billion in national contributions.

OECD unemployment rate stable at 6.7% in September 2015

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OECD Harmonised Unemployment Rates, s.a.

Brace for more austerity in 2016, warns the International Labour Organisation

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ESM Managing Director on Greece: "There is no need for a nominal haircut"

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Klaus Regling

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Qatar

“It has been a great pleasure to visit Qatar, where I met H.H. Emir Tamim bin Hamad bin Khalifa Al Thani and discussed with him the global and domestic economic situation. I also conferred with H.E. Prime Minister Abdullah bin Nasser bin Khalifa Al Thani, H.E. Finance Minister Ali Shareef Al Emadi, and H.E. Central Bank Governor Abdullah bin Saoud Al Thani. We exchanged views on the important role Qatar plays in regional and global economic developments as well as the challenges and opportunities facing the region. I conveyed my appreciation for Qatar’s commitment to ensure that the IMF’s resources were sufficient to help IMF members in need.

IMF Mission Reaches Agreement on Staff-Monitored Program with Iraq

An International Monetary Fund (IMF) mission led by Christian Josz visited Amman from November 1–10, 2015 to discuss a Staff-Monitored Program (SMP) with the Iraqi authorities.

World Bank report: continued policy reforms needed to mitigate external risks

Continued fiscal consolidation and sound monetary policies, along with a revitalization of foreign investment, are needed to help Mongolia weather external risks, the World Bank said in its latest Mongolia Economic Update.

IMF Staff Concludes Visit to Serbia

An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during October 29-November 10, 2015, to hold discussions on the third review under Serbia’s precautionary Stand-By Arrangement (SBA) with the IMF.

Emerging market slowdown and drop in trade clouding global outlook

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IMF Staff Concludes Visit to Bulgaria

An International Monetary Fund (IMF) mission visited Sofia during November 4–9, 2015, to discuss the economic outlook and related policies with the Bulgarian authorities.

We project moderate growth for 2015, broadly in line with last year’s level of 1.7 percent, supported by exports and absorption of European Union (EU) funds. Risks to this outlook are tilted toward the upside and strengthening domestic demand is likely to lift growth modestly in 2016. While unemployment has fallen with increasing economic activity, it is projected to remain high.