The United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.
As part of its efforts to strengthen public outreach, the IMF retains an independent consultant to revise its Guide for Staff Relations with Civil Society Organizations. An online consultation on the guide opens to ensure broad input from civil society actors.
The IMF’s Executive Board approves a $15 million interest-free emergency loan for Mali to back policies aimed at macroeconomic stability and assisting economic recovery. The loan is under the IMF’s concessional window for countries that need rapid support after economic disruptions.
Women’s many gains haven’t yet translated into equal opportunities, says the IMF’s F&D magazine, which focuses in its recently released June issue on how changes in the balance of power for women at work can improve the global economy.
SDR Rates for June 19
SDR Interest Rate = 0.07% | 1 USD = SDR 0.654785MORE