IMF Staff Reaches Staff Level Agreement with Armenia on the Third Review of the Stand-By Arrangement

IMF staff and the Armenian authorities have reached a staff-level agreement on the third review under the 2022 Stand-By Arrangement (SBA), which the Armenian authorities treat as precautionary. The SBA aims to support the government’s policy and reform agenda to preserve economic and financial stability and support strong and sustainable growth.

IMF Executive Board Approves US$71 Million in Emergency Financing Support and Concludes 2024 Article IV Consultation with Guinea

The Executive Board approved a disbursement of SDR 53.55 million (about US$71 million) to Guinea under the Exogenous Shocks Window of the Rapid Credit Facility to help Guinea address immediate needs associated with the explosion of the main fuel depot in late 2023.

Geopolitics and its Impact on Global Trade and the Dollar

After years of shocks—including the COVID-19 pandemic and Russia’s invasion of Ukraine—countries are reevaluating their trading partners based on economic and national security concerns. Foreign direct investment flows are also being re-directed along geopolitical lines. Some countries are reevaluating their heavy reliance on the dollar in their international transactions and reserve holdings.

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