IMFSurvey Magazine: News, views, and analysis from the IMF

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Crisis Virtually Halts Growth in Caucasus and Central Asia

May 11, 2009
Growth in the Caucasus and Central Asia is expected to come to a near halt this year—contracting to 0.9 percent in 2009 from 6.3 percent in 2008—and recover only gradually in 2010, according to the latest IMF forecast for the region.

Middle East, North Africa Weathering Global Crisis

May 10, 2009
The global financial crisis has not spared the Middle East and North Africa, but good economic fundamentals, appropriate policy responses, and sizeable currency reserves are helping to mitigate the impact of the shock, the IMF says in its latest assessment of the region.

Policy Adjustments Move Ukraine Forward

May 08, 2009
Reeling from the impact of the global economic crisis, Ukraine is poised to receive the second installment of a $16.4 billion IMF loan. IMF Survey online spoke with IMF Ukraine mission chief Ceyla Pazarbasioglu about key economic and financial issues facing the country.

Crisis Deals Sharp Blow to Asian Growth

May 06, 2009
The impact of the global economic crisis on Asia has been swifter and often deeper than for other regions, partly because of Asia’s export dependence and close integration into the global economy, according to a new report by the IMF.

Facing Global Crisis, Latin America Now More Resilient

May 06, 2009
Economic activity in Latin America and the Caribbean is expected to contract by 1½ percent in 2009, from about 4½ percent growth in 2008, but is better prepared than in the past to face the global crisis, says the latest IMF forecast for the region.

Cote d'Ivoire Takes Big Step Toward Economic Recovery

May 06, 2009
After several years of civil conflict and flawed economic management, Cote d’Ivoire is set for a comeback. The authorities’ new economic program provides the platform for strengthening the economic recovery and establishing the foundation for robust growth and higher living standards.

Sovereign Funds Set Up Permanent Representative Forum

May 06, 2009
Sovereign wealth funds establish a standing global forum to discuss issues central to sovereign funds and the broader international financial community. The forum will also keep under review issues relating to the application of Santiago Principles, designed to ensure an open international investment environment.

IMF Provides Poland $20.6 Billion Credit Line

May 06, 2009
The IMF’s Executive Board approves a one-year credit line for Poland of $20.6 billion to help it weather the global economic crisis. Poland is the second country to access the FCL, offered to strongly performing economies with a record of effective policy adjustments.

Romania Receives Support from IMF to Counter Crisis

May 04, 2009
After several years of strong growth, Romania was hit hard last year by the global economic downturn and approached the IMF for a loan. IMF mission chief Jeffrey Franks talks about Romania’s economic challenges and the goals of its IMF-supported program.

Crisis Threatens Millions in Africa, Ministers Say

April 26, 2009
African Finance Ministers welcome commitments to increase resources for developing countries, but caution that assistance was needed quickly if Africa is to contain the impact of the global economic crisis.

World Finance Chiefs Back Moves to Support Recovery from Crisis

April 25, 2009
World financial leaders pledge action to ensure recovery from the deepest global recession since the Great Depression, and back moves to expand the lendable resources of the IMF to combat the crisis and provide a safety net for the world’s poorest.

IMF Key to Crisis Policy Response, Strauss-Kahn Says

April 24, 2009
Stronger coordination is needed among economic and financial sector policymakers around the world during the global recession, and the IMF is well placed to help bring countries together to tackle their joint problems, says IMF Managing Director Dominique Strauss-Kahn.

Financial Crisis Threatens Effort to Cut Poverty

April 24, 2009
The global financial crisis has hit poor countries especially hard, posing serious threats to their hard-won gains in boosting economic growth and achieving progress toward the UN Millennium Development Goals (MDGs), a joint IMF-World Bank report warns.

Battered by Crisis, African Growth to Fall Sharply

April 24, 2009
Hurt by the impact of the global economic recession, growth in sub-Saharan Africa is projected to decline abruptly this year, putting at risk earlier hard-won gains and progress against poverty, the IMF says in its regional outlook for the subcontinent.

Hard Landing for Spain

April 24, 2009
The global economic crisis has hit Spain hard: domestic demand is declining and job losses are mounting. But if the country carries out long-needed reforms, it should be able to regain its place as one of the fastest-growing economies in the euro area.

Financial Sector Key to European Recovery: IMF

April 24, 2009
While there is room for cautious optimism that Europe’s economy will turn the corner in mid-2010, the financial sector holds the key to recovery and governments must act more forcefully to clean up banks, Marek Belka, head of the IMF’s European Department, says.

Latin America May Recover Sooner than Advanced Economies

April 24, 2009
Although Latin America is not immune to the global economic crisis, the region may suffer a smaller output decline and recover sooner than the advanced economies because Latin American countries in the main have run sound fiscal and financial policies.

Global Economy Contracts, With Slow Recovery Next Year

April 22, 2009
In the most severe recession since World War II, the global economy is projected to shrink by 1.3 percent in 2009, with a slow recovery expected to take hold next year, according to the IMF’s April World Economic Outlook.

IMF Lends Tajikistan $116 Million

April 22, 2009
The IMF has approved a $116 million loan for Tajikistan to help its economy adjust to the impact of the global crisis, which threatens to undo the recent gains made against poverty in the country.

Colombia Seeks $10.4 Billion Credit Line from IMF

April 21, 2009
Colombia becomes the third country to seek access to a new IMF credit line for strong performing countries, requesting $10.4 billion to bolster its economy in the face of the global recession.

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