The International Monetary Fund (IMF) has cut its 2021 GDP growth projection to 5.4 percent from 6.9 percent citing the slow recovering economy which was still in various stages of lockdown. The IMF however raised its 2022 GDP growth forecast to seven percent from its previous 6.5 percent estimate...
WASHINGTON, June 2, 2021 (AFP) - After kicking their massive lending powers into overdrive to help the nations hardest hit by COVID-19 last year, the IMF and the World Bank are now focusing on getting vaccines to poor countries to keep the pandemic from derailing the global economic recovery....
The inter-agency Financial Stability Coordination Council (FSCC) could do more defensive strategy to support its monitoring of systemic risks and policy interventions to preempt any more COVID-19 shocks in the financial system. “We see the surveillance or monitoring as a very important core...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the Philippines, as one of the International Monetary Fund’s (IMF) creditor-member, will build-up its “statistical citizenship” to strengthen its surveillance system and to communicate the country’s good credit standing. A...
The International Monetary Fund (IMF) is urging the Bangko Sentral ng Pilipinas (BSP) to strengthen its bank resolution and crisis management policy beginning with the “too big to fail” banks for early intervention and timely remedial action, making it easier to release emergency liquidity...
WASHINGTON (AFP) - Warning that the recovery from the pandemic crisis is not yet over, the IMF on Thursday called on policymakers to continue to spend money to shore up the global economy and ensure no one is left behind. Without that aid, and additional financing from both the fund and the World...
WASHINGTON (AFP) - Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality. In this file photo a jogger runs past an International Monetary Fund...
WASHINGTON (AFP) - Accelerated vaccinations and a flood of government spending, especially in the United States, have boosted the outlook for the global economy, but more must be done to prevent permanent scars, the IMF said on Tuesday. The International...
The International Monetary Fund (IMF) is projecting the local economy to grow by 6.9 percent this year and 6.5 percent in 2022, based on the latest World Economic Outlook (WEO) report. The GDP forecast is higher than the 6.6 percent it noted in January in an WEO update, but has retained its...
WASHINGTON(AFP) - Economic growth led by the United States and China is accelerating, amplifying the risks of an uneven global recovery, the head of the IMF said Tuesday. ''In January we projected global growth at 5.5 percent in 2021,'' said IMF Chief Kristalina Georgieva in an address ahead of the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the BSP, as an inflation-targeting central bank, is changing the way it projects macroeconomic outlook based on the International Monetary Fund’s (IMF) forecasting and policy analysis systems (FPAS) to improve the Philippines’...
The Department of Finance (DOF) said the government is rapidly digitalizing the country’s agricultural systems and mechanizing farm production to ensure food security over the long run. During the virtual 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Finance...
