According to Reuters, Russian Finance Minister Anton Siluanov has requested Brazilian Economy Minister Paulo Guedes for help against penalties at the International Monetary Fund (IMF), the World Bank, and the G20. Mr. Siluanov's letter was cited by the agency. The paper, dated March 30, was presented to the Brazilian minister on April 13 by the Russian envoy. According to Reuters, Russia's...

The IMF's Managing Director Kristalina Georgieva warned on Thursday that the global economic growth forecast for next year will be reduced further due to the pandemic and the situation in Ukraine. "We expect the global economy to contract further in 2022 and 2023," the IMF director said in remarks streamed on the organization's website. "Fortunately for most countries," she says, "growth will...

In view of the conflict in Ukraine, the International Monetary Fund (IMF), the World Trade Organization (WTO), the United Nations World Food Programme (WFP) and the World Bank have issued a joint statement urging the international community to take immediate steps to ensure food security. "Worsening crises are shaking the planet. The war in Ukraine is exacerbating the COVID-19 pandemic, which is...

Kiel Institute’s expert: German conjuncture is in a complex process of development. Stefan Kooths, vice president and director of the conjuncture department at the Kiel Institute for World Economics, said at a briefing in Berlin that economic growth in Germany in 2022 will be only 2.7%, while in the fall the forecast was 4.8%, and inflation will grow to 6.1%. Presenting the joint forecast...

Sri Lankan authorities have declared a default on their external debt for a period of time as they wait for these commitments to be restructured in accordance with the IMF-backed economic reform program, according to the Ministry of Finance. "Since its independence in 1948, Sri Lanka has maintained an excellent record of international debt service. Recent developments, such as the impact of the...

Emmanuel Macron was ahead of Marine Le Pen by almost 5% in the first round of presidential elections in France. The current president of France Emmanuel Macron received 27.84% of the votes during the first round of the presidential election. The results of the processing of 100% of the vote are shown on the website of the Ministry of Internal Affairs of the country. The first round was held on...

Consumer prices in the United States in March rose 8.5% after 7.9% months earlier, DailyFX portal analysts believe. The country's Ministry of Labor will publish the official release on consumer prices in the US in the morning of Tuesday, April 12. The indicator - in the case of coincidence with the opinion of analysts - will become the maximum since December 1981. Same day, the Federal...

Italian Prime Minister Mario Draghi is traveling to Algeria with Foreign Minister Luigi Di Maio to sign a deal on natural gas supplies from Algeria to the Apennines, according to the Italian foreign minister. "I will be in Algeria tomorrow morning with President Draghi to sign an important gas agreement that will allow us to respond to possible Russian gas blackmail," Di Maio said at a press...

According to the Finnish Ministry of Employment and Economic Development, Finland is leasing a big LNG terminal ship in partnership with Estonia in order to cut off gas supplies from Russia as soon as possible. The Finnish Ministry of the Environment has ordered Gasgrid Finland Oy, in collaboration with the Estonian company Elering AS, to explain and agree on the leasing terms of the LNG terminal...