Subsidies, tariffs, and industrial strategies have raised concerns about subsidy wars. What drives governments to subsidize, and what problems can they cause? Check out our Back to Basics explainer: https://lnkd.in/enzvxYfe
International Monetary Fund
International Trade and Development
Washington, DC 810,818 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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Back in April we celebrated our IMF-WB 2024 Spring Meetings, a week filled with significant moments and achievements. Delve into the highlights and key outcomes of this year's edition alongside Ceyla Pazarbasioglu, the Director of Strategy, Policy, and Review Department at the IMF, and Julie Kozack, the Director of the IMF's Communications Department. 📺 Watch the recap here: https://lnkd.in/e38GAMvt
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This edition of the Weekend Read highlights Europe's soft landing after a tumultuous period, diversified trade in the Middle East and Central Asia, Japan's growth, Kristalina Georgieva's view on AI's transformative impact, Anguilla's fiscal boost, and our latest podcast on policymaking in times of conflict and instability. Our key message this week: Europe's soft landing is within reach.
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IMF staff project Singapore’s GDP growth to reach 2.1 percent in 2024, reflecting a continued recovery in manufacturing, tourism, and consumer-facing services. We expect inflation to moderate to 3 percent this year and stabilize further by 2025. Risks to the growth outlook mainly stem from a steeper-than-projected slowdown in China, prolonged tight US monetary policy, and deeper geoeconomic fragmentation. On the other hand, stronger global growth would have positive spillovers to Singapore. The government’s Forward Singapore initiative will help promote inclusive growth amid rapid population ageing and technological advancements. Learn more: https://lnkd.in/efgUK5kF
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Anguilla's .ai domain registrations surged from 144,000 in 2022 to 354,000 in 2023, generating over 20% of the government's total revenue for the year. Find out in our Country Focus how this helps diversify the economy, making it more resilient to shocks. https://lnkd.in/eaV6PgF9
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Shifting global trade patterns present a unique opportunity for countries in the Middle East and Central Asia to redefine their place in the global economic framework. See our new blog for more. https://lnkd.in/epX_g3nF
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Europe's domestic recovery is on track. But to sustain strong growth, the region needs to overcome formidable challenges. 🇪🇺 income levels are significantly behind the global frontier. The average EU per capita income is about one-third lower than in the U.S. A closer look reveals that productivity is the main issue, contributing to 70% of this difference. Factors such as a smaller capital stock and less labor input in the EU also play a role, accounting for the remainder of the gap. Check out the latest on the Regional Economic Outlook for Europe: https://lnkd.in/gS-UvwDa
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IMF forecasts Japan’s economy grows at 0.9% this year, supported by a pick-up in consumption. We project core inflation will stay above the 2% target until the second half of 2025. Risks to growth and inflation are broadly balanced. On fiscal policy, the government should rebuild fiscal buffers and ensure debt sustainability through both revenue and expenditure measures. On monetary policy, further hikes in the short-term interest rate should proceed at a gradual pace and be data dependent. Read our latest report on Japan: https://lnkd.in/e4kRMu-z
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We project GDP growth in the Caucasus and Central Asia to slow from 4.9% in 2023 to 3.9% in 2024 before rising to 4.8% in 2025. This downgrade for 2024 (from 4.2% in our Oct. 2023 projection) and upgrade for 2025 (from 4.4%) are mainly due to oil production shifts in Kazakhstan. We expect inflation in the Caucasus and Central Asia to cool to 7.7% in 2024 and 7.1% in 2025. Most of these countries have already reached their inflation targets and have begun lowering interest rates. Learn more: https://lnkd.in/e2WjHwFx
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Shifts in global trade patterns have generated new opportunities for countries in the Middle East and Central Asia. Reducing trade barriers, easing regulatory constraints, and upgrading infrastructure can mitigate challenges and help countries leverage these opportunities. https://lnkd.in/epX_g3nF