International Monetary and Financial Committee did not agree on a communiqué due to disagreements on military operation
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As a result of the 47th meeting of the International Monetary and Financial Committee (IMFC), the participants could not reach full agreement on a joint communiqué, a statement was issued by Chairman Nadia Calvino. The adoption of the communiqué was subject to disagreements over the wording regarding the military conflict between Russia and Ukraine.
The IMFC is composed of governors from member countries of the International Monetary Fund (IMF), and the IMFC makes recommendations to the IMF’s executive board.
The conflict “continues to be the most important source of uncertainty around the world,” Ms. Calvinho said at a press briefing in Washington (quoted from Bloomberg). Most of the meeting participants said that the military conflict exacerbates the existing problems in the global economy, curbing growth, increasing inflation, disrupting supply chains, and increasing energy and food insecurity, the report said. statement chairman of the IMFC.
“There were other opinions, and different assessments of the situation and sanctions. While recognizing that the IMFC is not a forum for addressing security issues, we recognize that security issues can have serious implications for the global economy,” the press release says.
The next meeting of the IMFC is scheduled for October 2023, it will be held in Marrakesh (Morocco).
The IMF macro forecast for April says that the global economy in 2023 may grow by 2.8%, in 2024 the growth rate will accelerate to 3%. Both estimates are down 0.1 percentage points from the January forecast.
Read more in the publication “Kommersant” “The IMF does not expect much from the economy”.
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