Boosting economic growth? Creating more jobs? In order to provide and achieve that, the International Monetary Fund (IMF) works with governments around the world to modernize their economic policies and institutions. This helps countries strengthen their economy.
Growth? On one hand, there are countries emerging from long-term conflict period, that try to rebuild their economies; and on another hand, there are other countries with many million people, but only 10 percent, pay their taxes. It means that small amount of money gathered from taxes is not enough to build and maintain growth, infrastructure, and other essential services to its people.
IMF is facing these and many other challenges constantly. By working with government agencies and staff, the IMF helps countries manage revenues and budgets, modernize banking and legal systems, improve economic analysis and forecasting, and enhance the reporting of macroeconomic data, by arranging economical, political debates, consultation, and numerous meetings.
The IMF’s work enables governments to provide better services, such as schools, roads, and hospitals; it fosters a stable economic environment; and most importantly, it helps improve growth and create jobs. A clear example of such a situation is one young European country, that was supported by Japan and International Monetary Fund by providing financial resources to the banking system so that sector can get functional to the community.
Battle of the markets: attacking the African hinterland
Containerized freight moving through the African continent’s ports is exploding. Even during any period of global deceleration, the continent’s container...
Crypto players want to be better regulated: are they crazy?
It is unusual to hear that a large number of industry stakeholders want stricter regulations, but this is exactly what...
Microfinance: a wise addition to the conscious investor’s portfolio?
In addition to microloans, microfinance institutions are increasingly offering savings accounts, insurance products and other related services, expanding the range...
Self professed “cannabis tech” startup Rainbow wants to use cannabis in as many ways as possible
French startup Rainbow, founded last year, is successfully breaking into the cannabis market. Billing itself as a “cannabis tech” startup,...
Korean stock market: KOSPI smashes through 2400 barrier setting two year high
Setting record lows, the Korea Composite Stock Price Index (KOSPI) plunged below the 1500 mark in mid-march of this year...
Business7 days ago
How to create an Email marketing campaign your audience will love
Featured7 days ago
Top 10 Forex Risks To Consider Before Starting Currency Trade
Featured6 days ago
Green bonds, ESG and Covid bonds in fixed income funds
Featured5 days ago
IOTA secures its supremacy in the energy market with European partnership