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Articles, news and videos about IMF. IMF News The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C. Its primary purpose is to ensure the stability of the international monetary system and to provide temporary financial assistance to countries in need. The IMF was created in 1945 and has since become one of the most influential international organizations in the world. It works to promote global economic growth, reduce poverty, and promote financial stability by providing loans and advice to its member countries.
Bryan Hardy and Can Sever in this IMF paper: What is needed for poor countries to catch up with rich ones? This paper first documents the role of human capital, physical capital, and financial development in convergence in manufacturing labor productivity across countries, and then examines the influence of economic structure and financial development at…
Axel Schimmelpfennig and Christian Ebeke in this IMF article discuss how Nigeria can unleash its economic potential: Upon taking office in 2023, the new government faced low growth and rising poverty. Between 2014 and 2023, real per capita GDP declined on average by 0.7 percent annually. In 2023, the poverty rate stood at 42 percent. This…
More than 20 years ago, an International Monetary Fund (IMF) working paper defined policy ownership in these terms: “…a willing assumption of responsibilities for an agreed program of policies, by officials in a borrowing country who have the responsibility to formulate and carry out those policies, based on an understanding that the program is achievable […]
The International Monetary Fund (IMF) has appointed Rodrigo Valdes as the new Director of the Fiscal Affairs Department, effective immediately. Valdes, who succeeds the retiring Vicky Sterlini, brings extensive experience in economic policy and fiscal management.
THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for 2026 but kept its projection for this year amid heightened global uncertainty. In its latest World Economic Outlook (WEO), the IMF upwardly revised its 2026 Philippine growth forecast to 5.9% from 5.8% previously. However, this would be below […]
THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for 2026 but kept its projection for this year amid heightened global uncertainty. Read the full story.
Global trade imbalances got bigger in 2024, driven by the big economies. Here's a figure from the External Sector Report: Global Imbalances in a Shifting World, from the IMF (July 2025). The horizontal axis shows trade balances in 2023. Looking at the horizontal axis, the US has by far the largest trade deficit in 2023,