Tag Archives: imf/world bank

Russia – IMF Official Presses for Austerity

The International Monetary Fund urged Russia on Tuesday to tighten monetary policy to rein in inflation and improve its investment climate to put a halt to capital outflows resulting from political uncertainty. “The Central Bank should continue tightening policy by withdrawing liquidity and raising rates. More tightening is needed to achieve the inflation target,” mission chief … Continue reading

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IMF urges austerity on Belarus

The International Monetary Fund urged Belarus on Monday to greater austerity, including freezing wages and allowing the national currency to float freely, to justify emergency financing of billions of dollars. The ex-Soviet republic wants up to $8 billion dollars from … Continue reading

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