El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
El Salvador has rescinded Bitcoin’s status as a full legal tender in order to close a deal with the International Monetary Fund (IMF), leaving Bitcoin (BTC) advocates split over what this means for adoption in the country.
Greece's economy is projected to grow 2.1% in 2025, mainly driven by investment, the International Monetary Fund mission said on Thursday, adding that any crisis in major euro area countries as well as global uncertainties could hamper growth.
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Samoa on January 16, 2025 and endorsed the staff appraisal without a meeting on a lapse-of-time basis.
Russia’s representative to the International Monetary Fund’s executive board has received permission by Washington to move to the US, a reprieve from sanctions imposed in response to the 2022 invasion of Ukraine.
The International Monetary Fund has warned that US economic policies under incoming president Donald Trump could hit the rest of the world and ultimately backfire on the US. The IMF says a threatened wave of tariffs could make trade tensions worse, lower investment, hit market pricing, distort trade flows and disrupt supply chains.
El Salvador has rushed to approve an amendment that will keep it compliant with the terms of its $1.4 billion IMF loan.
A delegation from the Opposition United National Congress (UNC) raised concerns about the country's foreign exchange challenges and the status of the Dragon Gas project during a meeting with represent
El Salvador bought 11 Bitcoin worth more than $1 million at the time of writing—despite pressure from the IMF to back off BTC.
The International Monetary Fund (IMF) has completed its second review of Ethiopia's program, leading to an immediate disbursement of approximately $248 million. This decision comes after the board's approval,
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation with the Republic of Kazakhstan on a lapse of time basis on November 27, 2024.
Raising the growth rate over the next two decades will require harnessing the demographic dividend through a deregulation stimulus