The International Monetary Fund expects Saudi Arabia’s economy to expand despite the conflict in the Middle East, with oil export revenues supported by higher crude prices.
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In an assessment released Thursday (23), the International Monetary Fund said Brazil’s economy has shown remarkable resilience despite a challenging global environment and is expected to grow 2.4% this year.
The International Monetary Fund says Algeria has made efforts to generate revenue from sectors beyond the economy’s traditional pillars, but the country remains heavily dependent on oil revenues.
An International Monetary Fund mission concluded that the country is managing the challenges posed by the international environment but needs to put its debt on a downward trajectory.
The Managing Director of the International Monetary Fund says the number of people facing hunger is expected to increase in the coming months as a result of the war in the Middle East.
An International Monetary Fund staff team was in Damascus from February 15 to 19 to meet with local authorities.
The International Monetary Fund released a funding tranche to the country and lowered its inflation forecast after analyzing the local economy. The institution estimates Comoros’ GDP will grow more in 2026 than in 2025.
The International Monetary Fund says economic diversification beyond oil will only come with the adoption of structural reforms. The institution projects GDP growth of 2.6% this year and 3.8% in 2026.
After visiting the country earlier this month, an International Monetary Fund team sees prospects for economic improvement and agreed on technical assistance to strengthen Syria’s fiscal framework and monetary policy.
The projected growth represents a slowdown compared to last year, when the country expanded by 6.3%. Prospects, however, remain positive, according to the IMF.
Alongside cuts in foreign aid, climate shocks will impact the country’s economy this year, says the International Monetary Fund, following a meeting to discuss a new financial disbursement.
After meeting with officials from the Arab country, the International Monetary Fund praised fiscal efforts but called for “ambitious” reforms to restore growth.
An IMF analysis indicates a decline in oil GDP, but domestic consumption and government projects will sustain growth in other sectors and the country as a whole.
A survey conducted by the IMF shows that consumption, government investments, and job creation are responsible for the expansion of the Gulf country.
