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Office building in Belgrade, Serbia, where banking sector's capital, liquidity buffers should help weather financial headwinds (photo: Marko Djurica/Reuters)

Serbia Seeks Precautionary Loan from IMF

November 17, 2008

An IMF staff mission and Serbia reach agreement, subject to approval by IMF Management and the Executive Board, on an economic program supported by a $518 million precautionary loan.

Serbia and the IMF
Stress hits emerging economies

IMF talks to crisis countries
World must act together

IMF Survey Interview

Iceland Gets Help to Recover From Historic Crisis

November 19, 2008
The IMF has approved a $2.1 billion loan to Iceland to help it recover from the financial crisis and restore confidence in its currency. The IMF's mission chief for Iceland, Poul Thomsen, talks about the crisis and Iceland's plans for dealing with the repercussions.

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IMF Research

IMF Predicts Major Global Slowdown Amid Financial Crisis

October 08, 2008
The world economy is decelerating quickly—buffeted by an extraordinary financial shock and by still-high energy and commodity prices—and many advanced economies are close to or moving into recession, the IMF says in its latest World Economic Outlook.

Inflation Risks Remain Despite Slowing Growth

October 02, 2008
Commodity prices will likely remain high and volatile, contributing to risks of second-round effects—such as wage hikes—across a range of emerging and developing economies, and further monetary policy tightening may be still relevant to contain these inflationary pressures, according to new IMF research.

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What the Numbers Show

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Did You Know?

Since 1995, global capital flows have tripled to $6.4 trillion, reaching about 14.5 percent of world GDP, after 15 years of staying within a relatively narrow range of 2-6 percent. Slideshow.

In the News

World Leaders Launch Action Plan to Combat Financial Crisis

November 15, 2008
Leaders of the world's major economies draw up an action plan to combat the burgeoning financial crisis and pull the global economy back from one of the worst downturns in decades, giving the IMF a central role in crisis response and reform of the financial architecture.

IMF Urges Stimulus as Global Growth Marked Down Sharply

November 06, 2008
The IMF urges countries to stimulate their economies in the face of a bigger-than-expected slowdown in the global economy triggered by recent financial turmoil. In its latest forecast for world economic growth, the IMF sharply revises its growth projections downward.

Some Climate Policies Worsen Food Problems, Panelists Say

October 22, 2008
Commitments by advanced industrial countries to reduce carbon emissions through alternative fuels development, while well meaning, have exacerbated the food crisis and contributed to worldwide water shortages, seminars held during the IMF-World Bank Annual Meetings are told.

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Policy

IMF to Launch New Facility for Emerging Markets Hit by Crisis

October 29, 2008
The IMF says it will create a new short-term lending facility to channel funds quickly to emerging markets that have a strong track record, but that need rapid help during the current financial crisis to get them through temporary liquidity problems.

IMF Launches Review of How It Provides Financial Assistance

October 09, 2008
The IMF has launched a review of its financing role in member countries, to make sure it has the right instruments to meet countries' needs in a world characterized by growing—and increasingly complex—cross-border financial flows.

What the Numbers Show

House Prices Compounding Crisis

October 08, 2008
Housing prices have begun falling this year in several advanced economies. This decline is amplifying the effects of the current financial turmoil.

More What the Numbers Show

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