Tagged: imf

April 3, 2025 @ 8:05 am By Omar Faridi  |  

Sweden’s central bank, the Riksbank, is embracing a transformative shift in economic forecasting, as recent findings from its Monetary Policy Department reveal that artificial intelligence (AI)-based models are outperforming traditional time series models in predicting Swedish GDP and inflation. This development marks a significant leap… Read More

March 22, 2025 @ 6:07 pm By Michael Wong  |  

The International Monetary Fund (IMF) has officially recognized digital assets in its global economic reporting framework for the first time, updating its balance of payments standards to reflect the growing role of cryptocurrencies and blockchain-based assets in the global economy. In the newly released seventh… Read More

March 21, 2025 @ 3:46 pm By Omar Faridi  |  

An update from the IMF has examined how artificial intelligence can potentially boost productivity in Latin America. According to a blog post by the IMF, some countries reportedly risk missing out on the full economic benefits of AI, but “more formal jobs and expanded digital… Read More

January 11, 2025 @ 5:52 pm By Michael Wong  |  

Following its 2024 Article IV Consultation with the Hong Kong Special Administrative Region (HKSAR), the International Monetary Fund (IMF) has recognized Hong Kong’s strong standing as an international financial center and endorsed its pathway towards fiscal consolidation. This affirmation came via a concluding statement released… Read More

November 3, 2024 @ 6:15 pm By Omar Faridi  |  

Asia’s economies can embrace services in order to boost growth and productivity, according to an update from the International Monetary Fund (IMF). The latest report from the IMF noted that manufacturing has been the engine of growth in Asia, but a transition to “modern, tradable… Read More

August 16, 2024 @ 6:14 am By Omar Faridi  |  

Carbon emissions from AI and crypto are surging and tax policy can help, according to an update shared by the International Monetary Fund (IMF). Crypto mining and data centers now account “for 2 percent of global electricity use and nearly 1 percent of global emissions,… Read More

August 7, 2024 @ 9:40 am By Omar Faridi  |  

The European Union has a productivity problem, according to an update from the International Monetary Fund (IMF). Its people produce nearly 30 percent “less per hour worked than they would have, had real output per hour worked increased in line with that in the United… Read More

June 26, 2024 @ 10:47 pm By Omar Faridi  |  

The International Monetary Fund (IMF) has released an update titled “Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge.” The IMF noted in a blog post that the new AI Preparedness Index Dashboard “tracks 174 economies based on their digital infrastructure, human capital, labor… Read More

June 19, 2024 @ 8:37 pm By Omar Faridi  |  

Central bank digital currencies or CBDCs can boost Middle East’s financial inclusion, payment efficiency, according to a comprehensive update from the IMF. 19 countries in the Middle East and Central Asia are exploring issuing a CBDC, the IMF update noted. Almost two-thirds of countries in… Read More

April 14, 2024 @ 2:12 pm By Michael Wong  |  

The International Monetary Fund (IMF) announced that Bulgarian economist Kristalina Georgieva has been selected to serve a second five-year term as its managing director, beginning October 1. The IMF’s executive board praised Georgieva for her “strong and agile leadership,” which has steered the institution through… Read More

April 9, 2024 @ 10:19 pm By Omar Faridi  |  

The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, “topped $2.1 trillion globally last year in assets and committed capital,” according to an update shared by the International Monetary Fund (IMF). About three-quarters of this was… Read More

March 29, 2024 @ 12:38 pm By Michael Wong  |  

Pacific Island nations are poised to harness the digital money revolution to enhance their financial systems, improve financial inclusion, and counteract the decline in correspondent banking relationships, according to research conducted by the International Monetary Fund (IMF). The geographic isolation, small size, and distinct challenges… Read More

January 17, 2024 @ 1:48 pm By Omar Faridi  |  

AI [artificial intelligence] will affect almost 40 percent of jobs around the world, “replacing some and complementing others.” So that’s why we may “need a careful balance of policies to tap its potential,” according to an update shared by the International Monetary Fund (IMF). In… Read More

January 6, 2024 @ 4:34 pm By Omar Faridi  |  

Faster, cheaper, and more transparent cross-border payment services have “the potential to improve many lives by supporting economic growth, international trade, global development, and financial inclusion.” This, according to an update shared by the International Monetary Fund (IMF). The Group of Twenty has prioritized such… Read More

December 31, 2023 @ 1:39 pm By Omar Faridi  |  

Central banks will likely keep interest rates higher for longer in economies with persistently elevated core inflation (excluding food and energy prices), according to an update shared by the International Monetary Fund (IMF). The IMF noted that the high-interest-rate environment, which recently “triggered banking sector… Read More

December 24, 2023 @ 11:49 am By Omar Faridi  |  

Crime has long been a “top-of-mind” concern for households across Latin America and the Caribbean, according to an update shared by the International Monetary Fund (IMF). The IMF noted in a blog post that the LatAm region accounts “for nearly half of the world’s intentional… Read More

December 12, 2023 @ 5:38 pm By Omar Faridi  |  

Policymakers need a “fuller view” of consequences of illicit flows, including tallies of the fiscal, monetary, financial, and structural costs, according to an update from the IMF. The fight against financial crime isn’t lost, but the world “needs to do more to limit the economic… Read More

November 21, 2023 @ 11:21 pm By Omar Faridi  |  

Europe’s economic recovery is getting a much-needed boost from rising wages and higher incomes, according to an update shared by the International Monetary Fund (IMF). But in countries where population aging is “shrinking the workforce, policymakers may soon face new challenges.” The IMF noted in… Read More

September 11, 2023 @ 7:50 am By Omar Faridi  |  

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have advanced policy and regulatory recommendations “to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.” Crypto-assets have been in existence “for more than a decade and have displayed significant volatility…. Read More

September 6, 2023 @ 9:30 am By Omar Faridi  |  

Financial-sector assessments are gauging the effects of elevated borrowing costs, and the prospect that central banks “may keep policy rates higher for longer than investors expect,” according to an update shared by the International Monetary Fund (IMF). Tobias Adrian, Hiroko Oura from the IMF have… Read More