Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today that Pierre‑Olivier Gourinchas will return to academia at the University of California, Berkeley, effective July 1, 2026. Mr. …
Middle East
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Latest News
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Global commodity prices are projected to rise by 16 percent this year—the first annual increase since 2022—leaving them about 25 percent higher than anticipated in January 2026. This baseline outlook hinges …
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Economy & Development
IMF Executive Board Concludes 2026 Article IV Consultation with the Republic of Azerbaijan
by NNW Bureauby NNW BureauWashington, DC: On April 27, 2026, the Executive Board of the International Monetary Fund (IMF) completed the Article IV consultation with the Republic of Azerbaijan and endorsed the staff appraisal without …
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Economy & Development
Africa Faces Mounting Risks Just as Growth Gains Take Hold
by NNW Bureauby NNW BureauSub-Saharan Africa’s economies entered 2026 with significant momentum. The region had notched its fastest growth rate in 10 years—4.5 percent in 2025—buoyed by reduced macroeconomic imbalances, rising investment levels, and a …
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Global Affairs
Biofuels and oil insecurity: what the evidence suggests about agriculture powering mobility
by NNW Bureauby NNW BureauRecent military conflict in the Middle East have once again reminded the world how vulnerable modern economies remain to sudden disruptions in global oil supply. For many developing economies, particularly …
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The global economy has been tested by repeated shocks over the past few years from wars and conflicts, including the new one in the Middle East. In addition to its …
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Economy & Development
Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development
by NNW Bureauby NNW Bureau1. The G-24 expresses its deep concern about multiple political crises and conflicts around the world, and we deeply regret the tragic loss of innocent lives. The war in the …
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Economy & Development
Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group
by NNW Bureauby NNW BureauWashington, D.C.: The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group met today as part of the coordination group they established in early April to maximize …
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Economy & Development
Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group
by NNW Bureauby NNW BureauWashington: The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group met today as part of the coordination group they established in early April to maximize their …
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Economy & Development
IMF Executive Board Discusses the Adequacy of the Funds Precautionary Balances
by NNW Bureauby NNW BureauWashington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2026 Review of the Adequacy of the Fund’s Precautionary Balances.[1] This review took place on the standard two-year cycle, …