Page 5 - Selected Economic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The IMF Executive Board approved Equatorial Guinea's request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing...

<ul class="pr-points"> <li><span>The IMF Executive Board approved Equatorial Guinea&rsquo;s request for emergency assistance equivalent to about US$67.38 million under the Rapid Financing Instrument.</span></li> <li><span>The pandemic and the Bata explosions have inflicted heavy damage on Equatorial Guinea&rsquo;s economy, substantially weakened its near-term economic outlook, increased economic and financial stress, and severely affected the livelihood of much of the population.</span></li> <...

Date Time IMF Executive Board Approves US$105.63 Million Extended Arrangement Under Extended Fund Facility for Seychelles Washington, DC: On July 29, 2021, the Executive Board of the International Monetary Fund (IMF) approved a 32-month extended arrangement under theExtended Fund Facility(EFF) for Seychelles for SDR 74 million (US$105.63 million), or 323 percent of Seychelles’ quota. The Board’s approval allows for an immediate disbursement equivalent to US$ 34.26 million. Seychelles was hit hard by the COVID-19 crisis. The authorities reacted swiftly, by locking down the economy, thereby...

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2021 Article IV consultation [1] with Guatemala on June 9,...

Date Time IMF Executive Board Concludes 2021 Article IV Consultation with Norway Washington, DC: On June 2, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Norway on a lapse-of-time basis. Norway experienced one of the mildest economic downturns in Europe in 2020 as a result of the authorities’ substantial policy support actions and one of the lowest Covid infection and mortality rates. The country entered the crisis with substantial buffers which allowed the Norwegian authorities to act fast with strong and effective fiscal, mon...