The global lender said Ukrainian authorities had canceled an existing stand-by lending arrangement with the IMF
imf
The Greek people suffered for over 10 years due to state mismanagement
The IMF welcomed the development
It describes Greece's response to the pandemic as timely & effective which made the economy remarkably resilient with positive prospects
"With this new repayment, the optimal utilization of the cash resources of the Greek State is further and immediately achieved"
It probably wouldn't mean much, if the President of the International Court of Justice in the Hague wasn't the Somali Judge Abdulqawi A. Yusuf
There will be a +1% drop in the jobless rate in 2021
The body says the primary deficit will be 5.1%, instead of a 3.5% GDP surplus
The IMF report says their will be a 22% explosion in the jobless rate
The Fed did not immediately comment