At #NoMoneyForTerror to share IMF’s contribution to fighting financing of terrorism - it is integral to our work on macroeconomic and financial stability, particularly in fragile and conflict-affected countries.
Great exchange with South Africa's Finance Minister Godongwana & Governor @KganyagoLesetja on the economic outlook & risks for the country & region. Prudent macroeconomic policies & structural reforms have strengthened South Africa's resilience to current & future shocks.
I'm often asked how the IMF finances itself. We are like a credit union for countries. Our 191 members pool resources via quotas, creating nearly $1T in lending capacity, under a unique funding model that does not require budget appropriations.
https://t.co/kx5pVvrfkO
Engaged with South Africa 🇿🇦 Finance Minister Godongwana and @SAReserveBank Governor Kganyago on South Africa’s reform agenda and G20 Presidency priorities.
We’re looking forward to welcoming our 191 members to Washington D.C. for the #IMFMeetings. Economic uncertainty is high - but so is our determination to support every member, every step of the way.
Arrived in beautiful Cape Town for the G20 Finance Ministers and Central Bank Governors Meeting. Looking forward to discussions on the global economy and how we can spur growth. #G20SouthAfrica
Finance Minister Enoch Godongwana and Governor @KganyagoLesetja met with International Monetary Fund Managing Director @KGeorgieva on the sidelines of the G20 Finance Track meetings underway in Cape Town. #G20SouthAfrica#Rekaofela
Over the past decade, growth in sub-Saharan Africa's resource-intensive countries has sharply slowed, falling below that of non-resource-intensive nations. Check out IMF Country Focus to learn what's behind this divergence and how to reignite growth. https://t.co/hLzGDZi6d9
NPA Reaches Final Resolution with McKinsey South Africa. McKinsey to Pay R1.1 Billion to South Africa in Restitution for its Former Partner’s Role in State Capture
🌐 Ukraine and @IMFNews have reached a staff-level agreement on the 6th Review of the #EFF, paving the way for $1.1bn. Grateful to the @ua_minfin , @NBUkraine , @IMFinEurope teams for the efficient cooperation. The 🇺🇦Gov continues to work on implementing reforms.
🚨Just published 🚨The first comprehensive @IMFNews paper on the Fund’s key sovereign debt restructuring policies — Guidance Note On The Financing Assurances And Sovereign Arrears Policies And The Fund's Role In Debt Restructurings https://t.co/GS16mBVSsc
Today, the IMF Executive Board completed the 5th review of Ukraine's program, unlocking approximately US$1.1 billion in immediate financial assistance to bolster 🇺🇦 Ukraine's economic resilience. Read more here: https://t.co/nGCC5G7FQX
Proud to announce that our membership has approved a comprehensive package of reforms of the IMF’s Poverty Reduction and Growth Trust (PRGT), enhancing our capacity to provide concessional support to low-income countries. https://t.co/QuUOFGKu8S