IMF ready to help Economies squeezed by West Asian oil shock

IMF ready to help Economies squeezed by West Asian oil shock

According to IMF Managing Director Kristalina Georgieva, a 10% increase in energy prices lasting a year would raise inflation by 40 basis points and slow growth by up to 0.2%

The International Monetary Fund said it stands ready to assist countries facing balance of payment concerns amid heightened uncertainty from the West Asia conflict. IMF Managing Director Kristalina … [+1948 chars]