The past week in monetary policy saw interest rate decisions announced by 7 central banks. The only bank to announce a...
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INTERNATIONAL MONETARY FUND (IMF)
The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries – especially those with an impact on exchange rates and the balance of payments. The IMF was conceived in July 1944, when 45 countries agreed on a framework for international cooperation that would be established after the Second World War. It was believed that the plan was needed to avoid a repeat of the policies that caused the Great Depression.
Today, the International Monetary Fund consists of 186 member countries and works foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
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The National Bank of the Republic of Belarus raised its refinancing rate by 200 basis points to 22.00% from 20.
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With a Greek bail-out imminent, many people are then wondering if Greece will default and what the repercussions could...
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Anthony Harrington examines the consequences of the Greek economy going into default and the multitudinous realities...
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With so many economics commentators fearing the worst about Greece's potential to default, Ian Fraser looks at the...
The IMF cut its forecast for global economic growth today, albeit slightly. The organization expects global GDP to rise...
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Top Sources: International Monetary Fund (IMF)
- imf.org
- qfinance.com
- People's Daily Online
- theneteconomy.wordpress.com
- Reuters
- baselinescenario.com
- ecomm-unity.com
- BusinessWeek
- The Economist
- bloomberg.com
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