Lagarde

IMF cuts forecasts global growth

The IMF maintened its forecast for weak economic growth in the advanced economies on Tuesday while citing increasing risks from isolationist sentiment, but upgraded its outlook for emerging markets. "Compared to the 1998-2007 averages, long-term potential growth is now projected to be lower in all regions", it wrote in the statement.

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IMF approved $1 bn aid tranche for Ukraine

The International Monetary Fund (IMF), after an year’s delay, has approved a $1 billion aid tranche for Ukraine from its $17.2 billion bailout program.

The IMF will disburse an additional $1 billion (889.3 million euros) to Kyiv, the fund’s first aid package for the country since the $17.5 billion program was held up in August 2015. The latest decision brings the total amount of aid disbursed to Ukraine by the IMF to $7.62 billion.
"The positive decision by the IMF is evidence that the world recognizes that reforms are happening in Ukraine, that real and positive changes are happening in Ukraine, and that the country is moving in the right direction," Poroshenko said in a statement.

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