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The IMF reports that powered by a resurgence in Asia, emerging markets, especially those of China and India are leading the world out of recession. In many emerging and developing economies, output is already above pre-crisis trends, suggesting that recovery
Read MoreIMF Mission Reports Positive Developments in Georgia
An International Monetary Fund (IMF) mission visited Tbilisi from November 27 to December 12, 2012 for discussions on the first review of the economic programme supported by a blend of a Stand-By Arrangement (SBA) and Stand-By Credit Facility (SCF). The
Read MoreIMF | Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries
Executive Summary The already sluggish global recovery has suffered new setbacks and uncertainty weighs heavily on prospects. The euro area crisis intensified in the first half of 2012 and growth has slowed across the globe, reflecting financial market tensions, extensive
Read MoreBRICS Countries Crystalize Spirit of Practical Cooperation at Delhi Summit
By Xinhua writers Liu Chen, Mao Xiaoxiao, Wu Qiang As the Fourth BRICS leaders meeting drew its curtain Thursday in the Indian national capital here, the leaders of the five BRICS countries issued the Delhi Declaration. Experts think that at
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