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The growth in the Russian economy has "surprised" the International Monetary Fund (IMF) in view of the sanctions against Moscow in the wake of the war in Ukraine. "It's a war economy," said IMF Communications Director Julie Kozack in Washington on Thursday. The Russian economy has a high proportion of military spending, which is fuelling production. "There's also quite a lot of social transfers which are helping to raise consumption," she said. However, th...

The International Monetary Fund (IMF) on Wednesday agreed to disburse another tranche of loans to Argentina, following the completion of its seventh review. The IMF Executive Board's decision enables an immediate disbursement of around $4.7 billion to support the Argentine government's policy efforts "and strong commitments to restore macroeconomic stability and help Argentina meet its balance of payments needs," the IMF said in a Wednesday statement. The board assessed that ...