Our View: IMF offers rational approach to CoLA
The taxpayer will have to provide another €60m that was not budgeted this year to pay for the increase in CoLA (from 50 to 67.7...
IMF
IMF forecasts Cyprus economy growth to slow to 2.5 per cent in 2023
The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report...
IMF predicts Cyprus economy will grow by 2.5% this year
Cyprus’ economy will grow by 2.5 per cent this year as both inflation and unemployment recede, according to the latest forecast from the International Monetary...
Cabinet looking at extending electricity subsidy past April but no guarantees yet
The further extension of electricity subsidies will continue if the cabinet decides to continue with the support, President Nikos Christodoulides said on Saturday, following reports...
IMF lays out crypto action plan, recommends against legal tender status
The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not...
Cyprus economy has performed ‘remarkably’ says IMF official
The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF)...
Oil falls on rate hike worries, Russian export flows
Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March...
Tough year ahead for the global economy, IMF’s Georgieva warns
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States,...
IMF executive board approves $3 bln Egypt extended arrangement
The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of...
Energy security, climate change and geopolitics
The scramble for quick solutions to secure affordable and reliable energy could imperil climate action There is no question that the energy crisis has forced...
