• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IMF Targets 8% GDP Growth Rate For Developing Economies With Latest Global Policy Agenda

9 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IMF Targets 8% GDP Growth Rate For Developing Economies With Latest Global Policy Agenda

The International Monetary Fund (IMF) has unveiled an ambitious target to drive an 8% GDP growth rate for developing economies over the next four years, as part of its Global Policy Agenda.

Speaking at a media briefing on October 24, 2024, IMF Managing Director Kristalina Georgieva, outlined the Fund’s strategy which centers on securing a “soft landing” for global economies and steering them away from the low growth-high debt trap.

Ms Georgieva highlighted two key priorities to achieve these goals which are controlling inflation and reducing fiscal deficits, while simultaneously pushing for structural reforms to drive long-term growth.

She stressed that central banks, including the Federal Reserve, have already made significant progress on managing inflation, but further efforts are needed to finish the job without harming employment levels.

“The challenge now is to bring inflation back to target levels without unnecessarily damaging the labour market,” Ms Georgieva noted.

Addressing fiscal concerns, Ms Georgieva pointed out that, following years of necessary fiscal expansion to cope with economic shocks such as the COVID-19 pandemic and the war in Ukraine, it is now time to rebuild fiscal buffers.

RelatedPosts

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa System

“Rebuilding fiscal buffers is crucial, and in most countries, this can be done gradually—but it needs to start now,” she said, warning that high levels of debt continue to pose a threat to global economic stability.

The IMF’s global policy agenda places significant emphasis on pro-growth reforms, especially in developing economies. Ms Georgieva noted that cutting bureaucratic red tape and improving governance could lead to substantial economic benefits, potentially boosting output by up to 8% over the next four years in some regions.

“Our analysis shows that reforms, if properly implemented, can unlock economic potential across developing countries by up to 8% over four years,” she added.

Beyond addressing inflation and fiscal health, the IMF is urging global cooperation on broader issues such as climate change, technology, debt, and trade.

The IMF MD highlighted that the world is currently undergoing a massive transformation driven by both climate change and technological advancements. These shifts, she argued, require a coordinated global response to maximize the opportunities and mitigate the associated risks.

“Only by working together can we seize the opportunities presented by these great changes and protect ourselves from the potential disruptions,” she said.

The IMF’s Global Policy Agenda reflects the institution’s efforts to provide a clear path to recovery and growth for developing economies, which have been disproportionately affected by global shocks in recent years.

However, achieving the ambitious targets laid out by the IMF will require a delicate balance of inflation management, debt reduction, and structural reforms, all while navigating an increasingly complex global economic landscape.

Tags: Global Policy AgendaIMFIMF Targets 8% GDP Growth Rate For Developing Economies With Latest Global Policy Agenda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

Trending

Business

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana

August 4, 2025

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana The Criminal Investigations Department (CID)...

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

August 4, 2025

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa System

August 4, 2025

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

August 4, 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.