IMF Growth Forecast: 2024 🇺🇸 US: 2.6% 🇩🇪 Germany: 0.2% 🇫🇷 France: 0.9% 🇮🇹 Italy: 0.7% 🇪🇸 Spain: 2.4% 🇬🇧 UK: 0.7% 🇯🇵 Japan: 0.7% 🇨🇦 Canada: 1.3% 🇨🇳 China: 5.0% 🇮🇳 India: 7.0% 🇷🇺 Russia: 3.2% 🇧🇷 Brazil: 2.1% 🇲🇽 Mexico: 2.2% 🇸🇦 Saudi Arabia: 1.7% 🇳🇬 Nigeria: 3.1% 🇿🇦 South Africa: 0.9% https://lnkd.in/ebJ7ipUA
International Monetary Fund
International Trade and Development
Washington, DC 831,617 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
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https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
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Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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In this edition of the Weekend Read, we discuss ways to help countries facing the challenges of increasing interest payments and debt redemptions, and the importance of China’s service sector in boosting growth. We highlight the US$3.4 billion recently approved in support of economic reforms in Ethiopia, as well as Egypt’s strengthened reforms. We also cover the modest growth projections for the Euro area, and ways to raise productivity in Central America, Panama, and the Dominican Republic. Listen to the podcast on trade shifts and global cooperation and read about globalization in the current edition of the F&D Magazine. Key takeaway: Now is the time to help countries faced with liquidity challenges, says IMF
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China’s service sector, which is smaller than those in comparable economies, is an underutilized driver of economic growth. See our new Country Focus article on how reforms to rebalance demand toward consumption and open the service sector can promote sustainable growth and help create jobs. https://lnkd.in/eYMX2wuR
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China’s economy has remained resilient, though uncertainty around the outlook is high amid the continued weakness in the property sector. In the near term, macroeconomic policies should support domestic demand and mitigate risks including by facilitating a more efficient and less costly transition for the property sector. In the medium term, a balanced policy approach and pro-market structural reforms can foster high-quality, green, and resilient growth: https://lnkd.in/eD4T-Z4z
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With elevated debt service squeezing the space available to finance much needed investment in many countries, urgent action is needed to boost fiscal space, maintain adequate international support, and reduce debt servicing costs, the IMF’s Ceyla Pazarbasioglu and The World Bank's Pablo Saavedra write in a blog. The IMF and World Bank together propose a package of actions to support low-income countries and other vulnerable countries as they work to manage liquidity pressures with the aim of creating more room in government budgets to support growth and build resilience. By mobilizing a set of actions across multiple stakeholders, we can promote cooperative solutions and help create the conditions for lasting growth and resilience, they write. Read the new blog. ➡️⬇️ https://lnkd.in/eJzrm38B
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Our 2024 Annual Meetings are taking place this October at our headquarters in Washington, DC! Register today to join central bankers, finance ministers, civil society, private sector executives, journalists, and academics at our #IMFMeetings: https://lnkd.in/e4GYDKuX
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Are you following our WhatsApp Channel yet? If not, you're missing out on exclusive content about our latest research, events, and action behind-the-scenes! Tap here to follow us (and make sure to tap the bell icon to turn on 🔕notifications): https://lnkd.in/e__ZK5nj
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Latin America and the Caribbean include some of the most diverse regions regarding climate-related risks. The new 📖 authored by IMF staff, “Climate Change Challenges and Opportunities in Latin America and the Caribbean” offers a systematic overview of climate challenges and policies in the region and the instruments available to policy makers. The reading presents an analysis of the impact of mitigation policies on growth and labor markets in a large sample of Latin American countries and a novel analysis of adaptation issues in the region, including the effect on the financial sector. Access the digital book here: https://lnkd.in/e-KcmJtF
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The IMF Executive Board completed the third Review of the extended arrangement under the Extended Fund Facility (EFF) for Egypt, aiming to strengthen the economy for the well-being of all Egyptians. The IMF-supported program focuses on promoting greater fiscal transparency and accountability to ensure efficient spending on essential public services and helping vulnerable groups. https://lnkd.in/eHKzTxKu
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Deputy Managing Director Okamura: Central America, Panama & the Dominican Republic have had stronger growth and lower inflation than the rest of Latin America. But there is still work to be done. My speech on how these countries can boost productivity: https://lnkd.in/eMFFsUhP
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